Every industry is dynamic in nature. We live in a fast-paced world where the insights of the previous year cannot be used to predict the trends of any sector for the coming ten years. This is why it is essential to stay updated about the latest trends.
This holds true about the ever-changing international E-commerce industry as well. If you wish to expand your operations globally, you must take these trends into account.
The importance of platforms is not vanishing anytime soon
If you think you can get away with not using the best Ecommerce platform 2018 has to offer, think again. The importance of platform is unshaken. If anything, it has increased. This is why various internationally E-commerce platforms are springing up. People now understand that you can’t merely use the best E-commerce platform for startups and expect it to work for international markets as well. Therefore, if you are thinking of going global, conduct E-commerce platforms comparison among options like Shopify, Magento and Big Commerce. Compare them on the basis of price, user experience, complexity, packages, features, and support. Whichever comes out on top for you, base your store on it to ensure your eCommerce store is good enough to fight against the competition.
Global E-commerce retail sales will boom further
If you think that international E-commerce stores are doing well today, you might be surprised just how much they can grow in the future. According to estimates, the retail sales via global E-commerce stores are likely to reach a whopping $4.5 trillion! What does this trend mean for you? It signifies that if you haven’t thought about expanding globally yet, it is something that should be on your mind. After all, there is huge growth and profit potential in this industry.
B2B E-commerce will outstrip its B2C counterparts
When you think of E-commerce and online shopping, your mind automatically goes to B2C businesses. However, surprisingly, the real potential isn’t in this category at all! Instead, B2B companies are where the real money is. The size of the b2b market is increasing and outstripping b2c companies. So, if you are merely delivering to direct consumers, you might want to think again if you wish to expand globally or not.
Take these trends into account. Find the right opportunity and expand globally if it is lucrative for you.