The COVID-19 pandemic is worsening day in and day out. Do you find yourself wondering what sectors face the brunt of the disease more than or equal to the healthcare system? The answer is quite apparent; the majority of the business sectors. Small businesses are running into losses, and economies worldwide are on the verge of an epic collapse. The only thing that’s not suffered from losses in the Pandemic and isn’t all that adversely affected is E-commerce. In fact, it’s shown a growth spurt.
Boost in eCommerce Shopping
Yeah, you read it right! 58 % increase in the number of online shoppers has been recorded, and 60 % of these answered in a survey that they wouldn’t go back to non-digital shopping even after the Pandemic ends. These figures speak volumes about the E-commerce development and its sense of connectivity to the consumers.
These statistics also favor developing a brand new E-commerce website for small businesses, as almost 25 % of online shoppers couldn’t find what they were looking for on the internet.
The venture of small businesses in online dealing can boost the trader’s economy and positively impact the local and hence, the national market. There are various ways in which this pandemic crisis will help increase your business portal’s online traffic if you establish one early on.
Two of the trends predicted by experts are:
Even during the outbreak, daily necessities should be fulfilled- This mantra keeps the online shopping sites active even in this situation. Groceries, clothes, sanitary products, and educational material are all simple needs that must be met for normal functioning. Consumers reportedly spent over tens of millions of dollars alone on online grocery shopping. This scenario, in itself, should provide enough stimuli for businesses to enter the online markets.
Inflation is a guaranteed outcome of the crisis – Production costs have soared quite high, and there will be a time when budget shopping will have to adjust to the norms of inflation. Once the products reach their all-time high in the local markets, people will turn to E-commerce websites to compare prices and possibly find a better deal. Online visibility will increase the chances of selling goods at a higher rate and gaining profits, thus being another positive effect of COVID-19 on E-commerce.
Developing an eCommerce Store during the Pandemic
Several popular E-commerce development companies can develop an easy-to-navigate website for your small business and ensure high online visibility. These E-commerce companies design websites to maximize the target consumers’ interaction with the products listed and possibly achieve profit objectives in the first year of establishment.
There can’t be a better time to launch your online trading site. Potential customers have flooded the online market and expect high-quality products. Small businesses can especially benefit from this as it can be accounted for as an inexpensive advertising method and bring in clientele who are willing to spend more. Various E-commerce development companies in India are documenting patterns in the changes in the global and local markets and thus can be relied upon to develop an updated website with enhanced functions.
Are you a business owner who’s not yet a part of an E-commerce venture? Start today and be a part of tomorrow’s elite! We are a leading eCommerce development company; let’s connect for building your online store.