E-commerce is an integral a part of the internet in the present day and has created an entirely new way of buying and selling. The e-commerce has transformed the means business is done in India. The Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. Much growth of the industry has been triggered by increasing internet and smartphone penetration. The ongoing digital transformation in the nation is expected to increase India’s complete internet user base to 829 million by 2021 from 636.73 million in FY19. India’s internet economy is expected to double from US$ a hundred twenty five billion as of April 2017 to US$ 250 billion by 2020, majorly backed by ecommerce. India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ one hundred twenty billion in 2020, rising at an annual rate of 51 per cent, the highest in the world.
Use these online business tricks to entice and convert customers. Get info on digital marketing, marketing materials, customized boxes, and more. An online store is not just for physical goods. Create a website that helps your business appeal to new customers and allows them to e book your services.
This lowers the value of customer acquisition and allows ecommerce online businesses to remain extremely agile. Imagine being able to target simply males between 18-24 years previous, dwelling in urban areas. That’s laser focused marketing for you- there’s no approach you’d get that with only a bodily store.