Buying and selling online has evolved over the last few years which has put Global ecommerce sales in 2024 to $6.33 trillion while this is not the peak as it’s further expected of global ecommerce sales to hit $7.96 trillion in 2027.
It’s no surprising since more e-commerce start-up comes onboard everyday.
E-commerce is the future of commerce. Most e-commerce companies depend of vendors/merchants (sellers) to cover almost all categories of consumers need and interest.
In a simplest form, e-commerce means “selling online” which have a broad approaches or methods to adopt while sometime, it all depends on a business niche.
Some vendors prefer to sell across social media platforms like Facebook, Instagram, Twitter (X), telegram, pinterest, WhatsApp etc. while others prefer to sell both on social media platforms and marketplace (e-commerce companies) to increase their sales. Also, to get organic result & intentional selling force. Above all, choose a method that best works for you.
What are the benefits of selling online?
There are thousands benefit of selling online which we would discuss few of them in this article.
1. Global reach: Online selling allows businesses to reach a wider audience and sell to customers across the globe, breaking down geographical barriers.
2. Increased sales and revenue: Selling online provides businesses with the opportunity to increase their sales and generate additional revenue, as they can reach more customers and sell products 24/7.
3. Cost-effective: Online selling eliminates the need for physical storefronts, reducing overhead costs such as rent, utilities, and staffing. It also streamlines inventory management and order fulfillment, leading to cost savings.
4. Convenience for customers: Online selling offers convenience to customers, as they can browse and purchase products from the comfort of their homes at any time, without the need to visit a physical store.
5. Improved customer insights: Online selling platforms provide businesses with valuable customer data, insights, and analytics that can be used to better understand customer behavior, preferences, and buying patterns.
6. Enhanced customer experience: Online selling platforms allow businesses to provide a seamless and personalized customer experience through features such as personalized recommendations, easy payment options, and quick customer support.
7. Scalability and flexibility: Online selling enables businesses to easily scale their operations as they grow, without the constraints of physical store expansions. Businesses can also adapt quickly to market changes and update their product offerings.
8. Customer reviews and social proof: Online selling platforms often include customer reviews and ratings, which can help build trust and credibility for businesses. Positive reviews and social proof can significantly influence purchase decisions.
9. Lower marketing costs: Online selling provides opportunities for cost-effective marketing through various digital channels such as social media, search engine optimization, and email marketing, which can be more affordable compared to traditional advertising methods.
10. Access to customer feedback: Online selling platforms enable businesses to gather feedback and reviews from customers, helping them understand their strengths and areas for improvement. This feedback can be used to refine products, enhance customer service, and build long-term customer loyalty.
11. Instalmental payment (buy now, pay later): some e-commerce platform enable their vendors to pay instalmental over a period of time while sellers are settled immediately without having to wait till complete payments are made by buyers which is of high advantage to vendors by selling more products to customers who like to pay small small while product vendor is paid in no time.Which is the best platform to sell online? I’d recommend e-commerce platforms as they have built enough trust over the years, have a possession of wider audience turning customers and also draw local (nationwide) & global delivery pattern while you focus on making good products.
Still wanting to sell online to improve your sales and take your business to the next? Yurbshop is an answer to your desire. Register with Yurbshop as a seller today and give your business a new turn.
