The future of global ecommerce is indeed bright, with research suggesting that global sales from ecommerce would reach $4.5 trillion by 2020.
However, as an owner of an ecommerce store, what does this mean for you?
Well, quite obviously, it means that you’re in the right business niche. However, just being situated in a promising business niche is not enough. You also need to keep up with the latest trends in ecommerce business to make a mark for yourself.
How can you do that?
There are many different ways. For instance, the good people at Subscriptionly sent us an infographic that points out to the fact that consumers are likely to stop using an ecommerce company if it fails to provide them with a personalized experience.
So, why not start from here?
Make the necessary changes to your site to provide a personalized experience. This is extremely important because businesses who prove to be adept at handling personalization will grow by 15% by 2020.
Another thing you can do is to embrace multiple digital platforms. If you use four or more digital channels, you are likely to outdo the ones stuck with one or two platforms by 300%.
Is that all?
No, not at all. Check out the infographic below. You will learn there about 60 latest ecommerce stats and trends which can make or break your business.