They may be concerned about malware, identity theft, and the dissemination of their personal information. When visiting a site that explicitly asks for personal information, 77 percent of people are concerned about someone stealing their information online, and they are hyper-aware of this concern..
Technical Factors – The current state of the telecommunications infrastructure.
Political Factors – The number and type of government initiatives aimed at promoting the use and advancement of modern technology.
Social Factors – People's literacy levels and PC penetration rates..
1. Competitive Pricing.
2. Product Quality.
3. Shipping Time & Cost.
4. Online Reviews.
5. Easy Return Policy.
6. Loyalty Rewards.
7. Easy Navigation.
8. Word of Mouth Recommendations.
We didn't have the right strategy, or it wasn't defined clearly enough. Internally, we were not communicating strategies, plans, or goals. Our senior management team was disengaged from the project..
E-commerce businesses fail at a rate of 80 percent to 90 percent of the time. When starting an e-commerce business, many mistakes are made, but as an entrepreneur, you must recognise that it is those same mistakes that you must learn from in order to stay in business or watch the entire e-commerce business fail..
The failure of a website's product is one of the most common reasons for its failure. If you're selling a product that no one wants, you're already in a difficult situation. When it comes to starting an online store, this is the most important decision to make..
There are five ways to avoid eCommerce failure.
The average eCommerce store's success rate is 10%..
Ecommerce purchases are expected to increase from 14.1 percent to 22 percent by 2023, according to estimates. These projections are extremely optimistic, indicating that ecommerce as a business has yet to realise its full potential. Mobile ecommerce sales are expected to increase as well, reaching nearly 2.91 trillion by 2020..
E-commerce will finally become customer-centric by 2025. It will be tailored to the current consumer's lifestyle and habits, but will not be dominated by them..
Between 2021 and 2025, the ecommerce market is expected to grow by nearly $11 trillion. The global trend toward digitization accelerated at breakneck speed as businesses went online during the COVID-19 pandemic. Even as some regions reopen, ecommerce sales continue to rise..
B2C (Business-to-Consumer), B2B (Business-to-Business), C2B (Consumer-to-Business), and C2C (Consumer-to-Consumer) are the four traditional types of ecommerce (Consumer-to-Consumer). B2G (Business-to-Government) is another term that is frequently used interchangeably with B2B..