E-Commerce Is Immortal

E-Commerce Is Immortal

Several years ago, could you imagine that ordering food to the comfort of your home without leaving and entering a restaurant was even possible? Could you also picture yourself booking an entire holiday on just your mobile phone or tablet? Also, did you consider ever buying a car or a house without going to physically see them? This is the beauty of e-commerce.

Technology and the internet has made it so much easier for us today. Anything is possible with a computer, smart phone and tablet. The world is just at your finger tips, literally. What all this means is that the ancient myth called e-commerce has come to stay! Experts believe that e-commerce is immortal. Jumia Travel, Africa’s leading online travel website which forms an integral part of the Jumia Group (Africa’s leading e-commerce website) looks to examine this assertion.

E-commerce grows with every development in technology

Just like twins, e-commerce and technology grow together as a pair. With every advancement in technology comes a giant development in the way we do business online today.

It all started with the creation of computers, then came the internet, now we have smartphones, laptops, and tablets. All these have helped facilitated the smooth running of e-commerce. What comes next? We still await that but one thing is for sure, as long as the technology exists then e-commerce will never die.

Business never stops

To live a happy and content life we need to buy. Which also means that we need to sell. Without selling and generating an income, there is no buying and this is what we call “business”. The old, traditional ways of buying and selling still exists till today but is nearing extinction. Although we cannot immediately eliminate this, we all can admit that almost everyone is now conducting their business online. This just means that to remain relevant and in the competition, you need to have an online presence as well and do business there. This creates an everlasting need for e-commerce. How then does e-commerce die? Probably when we stop doing business entirely. When will this happen? My guess is probably never. For as long as the world is spinning, business will keep on going.

“Time no dey!”

This is a quote people in Ghana, are often using for various reasons. “Time no dey” simply means “There is no time”.

This term is widely used to stress the fact that man has inadequate time to undertake all the activities expected of him hence the need to take action now. If there is insufficient time, then why waste the little time we already have? Many people today would rather book their travel online than go back and forth their future destinations looking at different options.

People today would rather pay for a service or order food online than carry large sums of cash into a bank or enter a restaurant respectively. E-commerce saves us busy people a lot of time! If this is widely accepted, then truly e-commerce has come to stay and will never die. Before, time was of the great essence, today it is of the even greater essence. In the future, it is going to become the most expensive abstract commodity because it saves cost as well. To adequately prepare for such a period, it is imperative to protect what we have. E-commerce is that savior when it comes to saving time and making our lives much easier.

Not limited by geography

One limitation that cuts across almost every sector of human development is geography. You may be in Taiwan needing something in London or even in Malaysia with the need for some item or service from the U.S. Without technology and e-commerce, you are stuck! How would you see it, get it and pay for it? The answer is simply e-commerce.

This wonder of the world is not limited by geography. Wherever you are in the world, you can do business online. All you need is a computer and the internet. You can buy, sell, send, receive and enjoy products and services across continents, countries, and regions. It is so powerful that you can be in Asia and find hotels, flights in Europe by just a few clicks on your mouse. What makes it all even better? You can receive the item right up to your doorstep  without having to travel to the country where you bought the item from.

Everyone is online

Well, if all the reasons stated above are not enough to convince you about the immortality that is e-commerce, this last one should do the trick. Before you even start smiling, go on to your smartphone and check if you have the following apps: WhatsApp, Instagram, and Facebook. If you have any one of them, then on to the next question. Have you seen any advertisement on any of them before? Or have you put up an item for sale on any of them before? You have surely received payments via mobile money or other electronic payment platforms. This only shows you that, nearly everything is being done online and business, in general, is drifting towards an online field. Nearly everyone is online for one reason or the other and that represents the single biggest place to reach customers as well as sellers. With projections expecting one out of 3 persons to be online by 2050, e-commerce isn’t going away ever. It will surely never die.

How Companies Today Are Innovating the E Commerce World

How Companies Today Are Innovating the E Commerce World

In the tech world we love finding ‘the next big thing’.

With all the new and exciting innovative solutions, hardware and emerging platforms, us as consumers and tech developers are always looking ahead. We are either creating something cool and exciting or eager to know what’s next for technology. But, because we are always living in the future tense, this some how blinds us to what is right in front of us, which is the growth of e commerce. Research was made by the International Trade Administration, predicting that e commerce will be expected to grow by 30.7 percent in 2017.

Putting aside our love for AI, machine learning or even blackchain for a minute. There are some really important changes happening in e commerce as this very moment. One thing is for certain, e commerce’s role in our lives won’t be going away anytime soon. Here’s why:

Getting Social

The combining of social media and e commerce was bound to happen at some point in time. Social media is a great way for a business to promote new goods and it also helps businesses build a community for its customers. Before, the only form of social media to businesses was blogging. But in today’s world there is so much more to social media than just blogging.

A great example of a company that has been using the social media trend to help their business is Azazie. Azazie is a wedding dress retailer. What Azazie does is, they build a community using social media platforms, based on their products and allow their customers to write a story. If you click onto their website, you’ll be able to see photos posted onto their Style Gallery, blog and social media channels that shows all their happy customers wearing their beautiful dresses. This will create a level of trust and comfort for new customers and also a hub for the businesses products to be showcased.

Coming From All Angles

The multi-sided market concept is nothing new to the e commerce world. This recipe is what brought success to Uber and also cable television. Today, companies in the e commerce world have stared to apply this method this to niche markets. By being the intermediary between customers and retailers, they are allowing people to make an extra income, while at the same time following their dreams.

A company that is very popular in the e commerce sneaker world using this model is StockX. It is a market place for sneaker re sellers. Buying, selling and trading sneakers has been very popular in 2017, with the rising of the streetwear trend. Sites like eBay and Instagram have been the two main sites where these re sellers usually post their shoes to be sold, but StockX was able to come in and take it to a whole new level! StockX’s authentication process proves that all of the shows being sold on their site is 100% genuine. On top of that, the site also gives its customers an accurate market price value for each sneaker. The company provides accurate insights that re sellers and industry expert can use.  An example would be, StoxkX released a report on Jordan sneakers. That report predicted that there would be a decrease resale value within the next couple of months and true enough the sneakers faced a 70% drop in price. The company’s ability to provide such phenomenal insights on the sneaker industry helps set them apart from other market place websites.

The Rise Of The Independent

It is no secret that most of us know someone with a side hustle, which is a huge part of the e commerce sector. Actually, it is the main component of the gig economy and it only continues to grow. CNBC reported that 19% of Etsy users make between $100-$500 off their online stores. Though it is going to take some time to make that kind of money, passively earning money from doing what you have a passion for is a dream for many people. However, there are organization unlike Etsy who have decided to go at it alone and cut out the middleman by starting up a shop of their own.

But even though it’s going to take quite some time to establish and promote, having your own e commerce shop is a trend that is slowly growing within the younger population. Again, with this trend there is no signs of it slowing down anytime soon. So, if you’re thinking of owning your very own e commerce store, now is the perfect time to jump onto the bandwagon before its too late!

Article originally written by The Next Web by George Ball, on the 20th of September 2017