E-Commerce

Brick and mortar retailers have heard it before– doomsday predictions about their industry and strip malls becoming ghost towns, for example. But the truth is that the sector has responded well to the challenges brought about by the e-commerce boom. According to PwC, there is a steady growth in the revenue of traditional retail stores over the last three years. This report suggests that retailers have adapted to the challenges.

The e-commerce sector is growing at a breakneck pace. It has attracted countless entrepreneurs wanting to grow their business online. If you are one of those people who want to become successful in selling online, you should keep in mind the following pointers in managing an online business:

The e-commerce sector has been very robust. In a recent report, total e-commerce sales grew to $127.3 billion in the United States for the second quarter of the year.  In North America, the retail e-commerce sector is projected to grow by double digits until the turn of the new decade. But these figures also indicate that the competition among e-commerce businesses will become more intense as the sector further grows.

Bitcoin and blockchain technology have been hugging the headlines as of late.It’s crazy to think that seven years ago, the said type of cryptocurrency traded for a mere $1. Yet recently, a bitcoin was traded for an eye-popping $16,000.

You’ve probably been encouraged by the news of how big the online marketplace has been. Or tempted to launch your own Internet-based venture because of the favorable experience of someone you know. Whatever your reason is, you might want to learn some of the important things to keep in mind when launching an online business.

Online merchants naturally wish for increased traffic and sales for their e-commerce stores. As the online marketplace becomes more and more competitive, it has become crucial for online merchants to employ marketing tactics to boost traffic to their websites and hike their sales and revenues.

When Bitcoin reached a peak price of $20,000 in December 2017, the hype about this cryptocurrency also hit an all-time high. The media flooded news about the escalation of Bitcoin valuation in the market. But a month later, the price dropped by almost 50%. This highlights how cryptocurrencies like Bitcoin can shake up businesses and markets worldwide.