Shopping In The New Era

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Gone are the days of going to the store to buy what you need. With the revolution of e-commerce going strong, everything that you need is right at your fingertips.
E-commerce has been rising in popularity in the last five years. Social media and online shopping applications have made it easier for start-up business owners who cannot invest in their own websites yet. It has redefined how consumers shop. With a smartphone and an internet connection, shoppers can now indulge from the comforts of their home, at the office, or wherever they are. The best part is, these online stores operate 24 hours a day, 7 days a week.
E-commerce, short for electronic commerce, refers to selling and buying over the world wide web. You can buy or sell services and products that range from electronics, apparel, accessories, gadgets, books, software, furniture, and even grocery items. It provides the aspiring entrepreneur an avenue and a platform to sell. It gives the busy buyer a convenient way to shop for his or her needs.
When the pandemic was declared, e-commerce soared to even greater heights. Lockdowns, travel restrictions, and fear of one’s health and safety had many people turn to what may be the safest way that they can shop. According to the US Census Bureau, e-commerce sales for the third quarter of 2020 increased by 36.7% from the same period last year.
Even the real estate industry has adapted to the new norm in shopping. House viewings and house tours are becoming virtual and digital, thanks to social media’s live video functions. New real estate apps are also becoming popular. These apps, along with social media, allow both sellers and real estate agents to connect with prospective buyers safely. Interested buyers can look for homes in the location that they want, without the need to go to that location.
What Made People Embrace E-commerce?
While the COVID-19 pandemic may be the main driver for the shift towards e-commerce for most consumers and entrepreneurs this year, people enjoy e-commerce for many other reasons.
The rise in mobile devices and smartphones has made it more convenient for many consumers to embrace e-commerce. For sellers, it gives you a convenient and even passive way to sell your products and services. You do not need to spend on a physical store and office, so you can focus your capital on your products.
For the buyers, it is a time and energy saver. And it has gone beyond the realm of retail. In some areas, there are now apps where you can buy your groceries online, and they will be delivered to your doorstep. Other apps allow you to sell and buy fresh produce in your area. So if you need some pickles, tomatoes, and some greens for your menu tomorrow, you can order them fresh online. Some will deliver your vegetables right at your doorstep, while you can also have the option to pick it up from the farm or store.
Another benefit of e-commerce is that it allows for cashless and online payment. You can pay for your purchases through a payment portal account or even straight from your savings account or credit card. For the seller, you can simply be doing something else, like a full-time day job. At the same time, payments keep coming in. Unless you are dropshipping, you may need to make sure that your inventory is updated, or else you will find yourself paying out reimbursements.
It Allows You To Buy And Sell Globally
With e-commerce, you do not need to go to South Korea to buy your favorite K-pop band’s latest album. You do not need to go to the UK to get the UK special edition of your favorite author’s latest book. Buyers from Asia can buy from US stores, and US buyers can shop in European stores. You can buy them without even leaving your bedroom. It gives buyers a wider range of options for a better shopping experience.
This global experience is also a benefit enjoyed by many entrepreneurs. If you want, it is easier to take your business on a global scale. For one, everyone on the Internet from all over the world can visit your website. Of course, you may need to upgrade the way you do business if you plan to take your business into the global market.
E-commerce Is Continuously Growing
The e-commerce industries are increasing in numbers. Even the education sector joined in the trend when the pandemic began. Many parents, fearing for their child’s health and safety, chose online and remote learning. Employees who wished to continue their continuing education turned to online courses.
The change in how consumers buy and avail of the products and services they need has pushed many businesses to update their MO. The safety and convenience that e-commerce offers have helped spur its growth, especially in the midst of a global pandemic.

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