E-commerce has been on the rise for several years now, and with recent global events, it has become even more crucial for businesses of all sizes to have an online presence. According to Business Insider Intelligence, global e-commerce sales are expected to reach $6.3 trillion worldwide in 2023 which marks a 10.4% annual increase, great numbers that are expected to continue to grow in the next couple of years. If you're still on the fence about whether to start an eCommerce business or take your existing business online, here are some compelling reasons why you should consider doing so in 2023:
Do you think that 5.16 billion people is a lot? Well, that is the number of people using the internet around the world at the start of 2023, which is equivalent to 64.4% of the world's total population. The world is digitizing, and e-commerce is the future of commerce.
With more and more people turning to online shopping, it's essential for businesses to have an online presence if they want to stand against their competition. Shopify estimates that 20.8% of the total global retail sales in 2023 are going to come from online purchases. By starting an eCommerce business or taking your existing business online, you'll be able to reach a wider audience and tap into the growing online market.
One of the biggest advantages of e-commerce is the flexibility and convenience it offers. With Listaso, you can sell your products or services 24/7, without the need for a physical storefront. This means you can reach customers anytime, anywhere, and offer them the convenience of shopping from the comfort of their own homes.
With more remote working becoming the norm since the covid-19 pandemic in 2020, there is an even bigger window of opportunity to hop into e-commerce for those businesses that have not gone digital yet. A study from Sale Cycle shows the online sales volume by hour in 2022 which confirms that you as an e-commerce business have the possibility to make a sale at any time of the day.
Starting an eCommerce business or taking your existing business online can also help you save on overhead costs. By going digital with Listaso, you won't need to pay rent for a physical storefront, and you'll have fewer expenses related to utilities, maintenance, and other costs associated with a physical location. This can help you keep your operating costs low while also increasing your profit margins.
E-commerce also gives you access to the global market. With the internet, you can sell your products or services to customers all over the world, without the need for a physical presence in every market. This means you can expand your reach and tap into new markets, even if you're a small business with limited resources.
Another advantage of e-commerce is the ability to collect and analyze data to make data-driven decisions. In an online store, you can track customer behavior, preferences, and buying habits, which can help you tailor your marketing strategies and improve your customer experience. With Listaso’s reports, you have all the information you require that is related to customers, sales, sales reps, etc.. All of these are organized by reports so that you only get the data you need when you need it. This can help you be one step ahead of the competition and make informed business decisions.
In conclusion, e-commerce is the future of commerce, and businesses of all sizes need to have an online presence. By starting an eCommerce business or taking your existing business online with Listaso in 2023, you can take advantage of the growing online market, reach a wider audience, and offer your customers the convenience of online shopping. So don't wait any longer – start planning your eCommerce strategy today with Listaso! Schedule a Free Demo now!
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