Is eCommerce the Next Big Thing to Happen in 2021?

As the year, 2020 has been passing and we are now all set to enter the new year 2021, with new aspirations and new hopes, it has become very important to understand the most possible market conditions in the year 2021 and accordingly make necessary upgradations in our existing business structure for achieving the desired results. Likewise, if we talk about the present scenario, where the novel Coronavirus has changed the way people buy things. As now people consider buying things online, rather than going for the offline option, due to the high risk associated with it.

In regards to this, the eCommerce sector has grown to a great extent, and taking this ahead here we will be talking about the further possibilities of growth in this sector. In addition to this, we will be talking about the best eCommerce solution providers in Singapore, which offers the best eCommerce website development services in Singapore.

Present Scenario in the eCommerce Sector

Over the years, the eCommerce platform has gained a lot of attention from the people due to the “shop with convenience” brought up by it. As a result, leading investors and business professionals started exploring this area, and some of the mega eCommerce businesses like Amazon, eBay, Alibaba, and others have been successful in making millions and billions out of it! This growth in this area thereby serves as the best example to depict the importance that this segment holds and justifies why do businesses need to seek eCommerce website development services in Singapore.

  • eCommerce market is marked to be worth US$2,405m in 2020.
  • eCommerce market in Singapore has been growing with a CAGR of 11.1 percent from the past 5 years.
  • Across all the market segment, the “Food & Personal Care” individually contribute to about US$593m in the eCommerce market.
  • On average, every individual spent around US$784.52 in eCommerce, annually.
  • How to grow your eCommerce business in 2021?

    Since the eCommerce market has been growing impressively for the past several years and it is estimated to be worth US$4,079m with a user penetration of 67.2 percent by 2025, it is important to have a strategic plan to make the best use of this growing environment and take the best steps to take this growth further in 2021. Here are some of the best things that you should take into consideration while entering into the eCommerce business and seeking eCommerce website development services in Singapore.

    Business Promotion

    To begin with, the very first thing to consider while running an eCommerce business is reachability and shopping experience. It must be ensured that the eCommerce platform is easily accessible, faster, and feasible from the user’s perspective. Other than this, effective marketing strategies like pay-per-click, organic search engine optimization, and social media must be used to engage more customers over the shopping platform and boost market sales.

    Find the right customers

    Now since an offline business limits your outreach to a certain geographical location. But, by means of an eCommerce website, one can market their products and services to a wider audience, without any geographical constraint. Thereby, it is very important to identify the regions where you wish to offer your products, by keeping in mind the regional demand for that product.

    Improve your customer shopping experience

    The next important thing to consider is to proceed with efficient eCommerce applications and website development tools that ensure smooth operation without crashing. Thereby, it must be ensured that the eCommerce platform solves the common problem of inconvenience faced by the customers when they visit the local shops in masses that makes it very difficult for the shopkeepers to serve all within the specific time frame, and as a result, a lot of customers are required to wait for their turn to come.

    What are the benefits of seeking eCommerce website development services in Singapore?

    Since market sales and customer satisfaction are the most important things across all the operations performed in a business. These are the fuel for running a business across all the grounds and under all circumstances. Here are some of the benefits of seeking eCommerce website development services in Singapore.

    Global Exposure

    Having an offline business limits your outreach to a certain geographical location. But, by means of an eCommerce website, one can market their products and services to a wider audience, without any geographical constraint. Further, businesses can provide a more convenient approach to customers by means of mobile apps.

    24/7 Business Operations

    There are no specific opening hours and closing hours for your eCommerce business. You can sell your products and services 24X7X365 without any time lag. Hence, by means of this platform, customers can make a purchase anytime.

    Optimizes Time

    By the means of an eCommerce website, you can easily eliminate the advertising and marketing cost. Instead of ringing the bells door-to-door to tell about your product and services, you can opt for social media platforms, pay-per-click, and organic search engine traffic to engage the customers.

    Reach more customers

    It quite often happens that in physical shops that a large number of customers visit the shop at the same time. In such a situation, it becomes very difficult for the shopkeepers to serve all within the specific time frame, and as a result, a lot of customers are required to wait for their turn to come. An eCommerce platform allows business owners to get out of getting stuck in such a situation. They are able to serve multiple customers simultaneously without any waiting time.

    Summary

    All in all, it’s important to use the eCommerce platform wisely, as it can help businesses to reach more people, showcase their products and services in the global playground and find more buyers and service providers from all over the world. In addition to this, there are some of the best eCommerce website development companies in Singapore, which ensures that the eCommerce platform is accessible, reachable, and efficient from the customers’ perspective.