The development of e-commerce businesses is on the rise. Some of the better ones include AliExpress or Alibaba. These resources enable you to research which products are the hottest, so that you’re more likely to find items your customers truly wish to purchase. By linking the digital wallet to a debit card or bank account, users pays for merchandise or services through these devices.
Shopee can’t lose money forever. The company started to monetize its platform by charging fees for value-added services reminiscent of cross-border transactions and seller services like inventory management and fulfillment. In 2019, the company introduced seller commissions in Taiwan and will roll out this fee in other markets as they mature. Shopee also sells its own merchandise directly to consumers on its platform (just like Amazon’s private label brand).
Demandware – This absolutely-hosted resolution allows you to run a powerful ecommerce store in the cloud. Merchants utilizing Demandware won’t have to worry a lot about platform maintenance and development since it is fully hosted by the company (though this will restrict your freedom a bit).
Sea Limited is the current e-commerce market leader in Southeast Asia. It was founded in 2009 as an online gaming company and didn’t bounce into e-commerce till 2015 when it launched its Shopee marketplace in Taiwan, Indonesia, Vietnam, Thailand, Singapore, Malaysia, and the Philippines.
An example of the influence e-commerce has had on physical retail is the publish-Thanksgiving Black Friday and Cyber Monday shopping days in the United States. In line with Rakuten Marketing knowledge, in 2017, Cyber Monday, which features sales that are exclusively online, noticed 68% higher revenues than Black Friday, which is historically the biggest brick and mortar shopping day of the year.
Mobile commerce, or mCommerce, is a quickly rising new avenue of eCommerce that is largely driven by the expanding market and influence of smartphones and millennials’ comfort with shopping online. In 2018, the mCommerce sector enjoyed a 39.1% increase in sales compared to the previous year.
BevMo!, the largest specialty beverage retailer on the West Coast, launched on Magento in record time, unifying their online and in-store operations. All in all, Volusion offer their users an excellent ecommerce platform to utilize. For grocers that do not personalize their online shopping experience, add more services and altogether make it easier and more compelling, online grocery will weigh down the backside line instead of boosting engagement and sales.