E-Commerce has been around for a while. But never before has it been so relevant! The covid-19 pandemic has done a lot of things, including increasing the dependency of humans on technology, forcing us to evolve into a higher level of comfort and luxury. These were always options, but with the closing of brick and mortar stores around the world, E-commerce has become even more relevant.
The retail market supports the traditional economy. It works because it has been in place for a really long time. But direct-to-consumer businesses that allow you to eliminate the retailers in the middle make for more enormous profits for everyone involved.
Shopify is a giant in this space. They allow even the most regular small business to set up their own online storefront and start selling immediately.
Shopify has many prominent clients to boast of, like Heineken, Staples, General Mills, and D-Link. But the bulk of their business is small and medium-sized businesses that are taking things into their own hands and going direct to consumers. Shopify has grown almost double in size. They have developed a staggering 93.55% from $505.16 mil to $977.74 mil in 2020’s last quarter.
Shopify helps you establish an up and running store loaded with tons of features and support in all phases of the process, including marketing to fulfillment. Recently they have added features for their users to be able to market their products on Facebook, Walmart, and even TikTok. Merchants have found a drastic conversion rate boost.
Shopify has been able to successfully bridge the gap between merchant and consumer through its proactive digital approach. Where they stand head and shoulder above their competition is by improving consistently on their design and convenience. They help merchants modify their business according to the growing consumer needs.
Shopify has added features like the Shop application, a mobile app that allows users to have a notification-based system to advance their online shopping experience. They do so by getting constant suggestions of things they’d be interested in buying based on their history and search patterns.
E-commerce has been the most extensive boom economically since the pandemic. A platform like Shopify, which is practically one of the behemoths in this industry, was the first to adopt and aggressively grow its services and value in the market.
They have successfully been able to dominate as one of the standalone. In 2020 alone, 1.7 million new merchants signed up with Shopify and availed their services.
Making a new website on Shopify is super easy as well. You don’t even need website-building expertise to get started and create a decent online shop for your products. If you do well and are looking to expand, you can hire advanced Shopify partners such as BM Consulting to help you with your Shopify store. We can enhance your online business’s look, feel, marketing aspect, and even customer satisfaction. Make the best of this boom in the economy for E-commerce!