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If you want to sell anything online, you need an ecommerce platform. While a regular website provides everything you need to promote your business, people can't pay for products, as this requires integrations with shipping providers and payment processors.
The solution is an ecommerce platform that includes basic features like web hosting, shopping cart tools, and payment processing. Depending on your budget, sales volume, or industry, you may want additional features such as bulk upload or real-time stock inventory tools.
In case you are keeping track:
Udaan Raises $280 Million For B2B eCommerce | PYMNTS.com
Indian B2B eCommerce platform udaan said it raised $280 million in additional funds as of Wednesday (Jan. 6), from both new and existing investors, a report in the Hindu Bisuness Line says.
According to the report, udaan plans to use the funding for reaching out to more small businesses around the country, expand its selection of products and improve the user experience, along with bolstering its technology program and supply chain finance infrastructure, and expanding SME financing capabilities.
An ecommerce bright spot at MSC Industrial Supply
7 Customer Retention Strategies for 2021 | Practical Ecommerce
Retaining ecommerce customers lowers costs and boosts profits. In 2021, customer retention could be critical.
"In 2020 we saw multiple years of ecommerce growth….And when we look at [2021], the big question is, ‘Will this shift to ecommerce last?’ From our perspective, we definitely think it will….for smaller brands [the growth in ecommerce] is a major opportunity.”
While you're here, how about this:
Behavior changes means new learnings for ecommerce retailers - ClickZ
For anyone working in the ecommerce sector, it’s an annual ritual to wait with anticipation for traffic volumes during the peak period to be published. For obvious reasons, 2020 peak was likely to deliver a few surprises.
The curtailment of in-store shopping has significantly increased online traffic and with so many of the bigger retailers opting to keep stores closed on Black Friday, there was potential for traffic volumes to be skewed to an even greater degree.
German ecommerce sector books record year amid corona
Despite unprecedented economic and social conditions, ecommerce has seen a record year for spending in Germany.
Since 2013, BearingPoint and IIHD have been surveying people aged 15 and over on the 20 busiest shopping streets of Germany, before analysing the results to gain insight in the latest retail trends. In 2020, amid the sustained public health crisis of the coronavirus pandemic, this has seen a dramatic 14% decline in sales for the German high street at Christmas – the worst such fall since 2012 – however, in broader terms, spending has actually boomed.
E-commerce Update: 2020 Sales and Traffic Review | the American Booksellers Association
Here, the IndieCommerce team shares an important look at current trends in the world of e-commerce .
Online holiday shopping volume in 2020 was impressive, and it contributed to a big chunk of the online sales revenue total. Year-over-year sales were up more than 680 percent in 2020 (orange line below) over 2019 (purple line below).
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The big sales driver in 2020 was the ecommerce conversion rate (the percentage of online customers that completed an online purchase), which averaged 1.59 percent in 2019 (purple line below) and jumped to an average of 5.75 percent in 2020 (orange line below). Online customers in 2020 increased their buying by 261 percent over 2019.
Insider Tips of Powerful Extensions that will grow your eCommerce store in 2021 - EIN Presswire
Elsner, a renowned Magento development company has carved a niche for itself by offering some unparalleled Magento 2 & woocommerce extensions for your store.
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