Why go outside in the scorching sun to shop when everything you want can be delivered straight to your home? This particular school of thought has led millions of consumers to shift to e-commerce for their shopping needs.
While e-commerce offers comfort to the consumer, it offers lots of challenges to businesses. If you are a traditional business trying to create an e-commerce space or a budding entrepreneur looking to sell online, here’s a guide on how to start an e-commerce business in simple steps.
Growth of E-commerce After the Pandemic
Did you know? The pandemic has transformed how business is done all over the world.
The rise of the internet and accessibility to smartphones has seen a drastic change. With the Digital India program being introduced, there has been a significant rise in internet users to 785 million users. The E-commerce industry is expected to grow to $188 billion in 2025 from $50 billion in 2020.
The micro, small, and medium enterprises in India have impacted the growth of the e-commerce industry. It has seen an upward growth trajectory and is expected to grow leaps and bounds by 2025, possibly becoming the second-largest e-commerce market in the world.
Digital ads, digital payments, and measurable consumer engagement support even more growth in the e-commerce sector. This will lead to an increase in job opportunities and small businesses.
Quick Tip: If you require personal mentoring and would like to set up side-by-side with mentors, consider training with IIDE with our Online Ecommerce Management Course.
Let’s get on to the quick and practical guide on how to start an e-commerce business now.