No account? Sign up

Get Breaking News, Trending News, Informative news weekly

E-commerce Predictions for 2014
close

Were adding new stuff like this all day long

Like us on Facebook to stay on top of new trending and useful updates just like this one.

I'm already eProfits fan! Please
close

Were adding new stuff like this all day long

Follow us on Twitter to stay on top of new trending and useful updates just like this one.

I'm already eProfits follower! Please
close

Were adding new stuff like this all day long

Like us on Google to stay on top of new trending and useful updates just like this one.

I'm already eProfits fan! Please
close

Were adding new stuff like this all day long

Follow us on LinkedIn to stay on top of new trending and useful updates just like this one.

I'm already eProfits follower! Please
close

Were adding new stuff like this all day long

Follow us on Pinterest to stay on top of new trending and useful updates just like this one.

I'm already eProfits follower! Please
Use your keyboard keys ( ) to browse more stories.
More stories

E-commerce Predictions for 2014

It is no secret that e-commerce is rapidly becoming a force to reckon with, effectively leveling the playing field ...

E-commerce Predictions for 2014

It is no secret that e-commerce is rapidly becoming a force to reckon with, effectively leveling the playing field for all market players on a global scale. Here are the trends to watch out for in 2014 that will affect the way the electronic wind will blow and ultimately, the profit margin too.

 

Trend 1: Mobile is definitely going places

More and more people are projected to go mobile for many activities that are traditionally done physically or from home. This includes online shopping, opening up the market for shop-from-anywhere small businesses, and spurring the development of new apps and websites.

 

Image Source

 

Trend 2: Small profit margin, large volume

There is a definite move for brands to migrate to the online marketplace. Even though profit margins tend to be low because of market forces, a large volume of sales anticipated with the expanded exposure will more than make up for it in the long run. More start-up brands will launch their products online because it is easier to break into the market that way.

 

Trend 3: Online shopping dates

Online retailers will look into creating online shopping dates with deep discounts and special offers to encourage shoppers to do their key shopping on those dates, in the tradition of Black Friday and Christmas sales, but on a global level to entice foreign markets to participate. Singles’ Day, introduced in China last year, generated more than $5 billion in online sales.

 

Image Source

 

Trend 4: Slim pickings

The rapidly-expanding marketplace will be matched with the equally rapid appearance of competition for the retail market, so established brands that go online may struggle to make the same kind of revenue they used to make now that cheaper alternatives are readily available.

 

Trend 5: The taxman cometh

Small online businesses will start to feel the heat from the taxman in 2014; large companies like Amazon were hit the previous year with a sales tax that depended on the location of the buyer. With the rapid growth of small to medium enterprises online, it is likely that they will face the same issue even as competition becomes fiercer.

 

Image Source

 

As you can see, the predictions are not all good for online retailers, but it will get worse before it gets better. As the buying behaviour continues to evolve, more upheavals are expected before the market finally stabilizes.

 

Use your keyboard keys ( ) to browse more stories.
© 2017 eProfits.com All rights reserved.