SAKA HOLDING is a multinational company headquartered in the United Kingdom and founded by Dr. Aziz SAKA.
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If you’re looking for a way to boost your sales and take your business to new heights, e-commerce should be on your radar. By pairing a strong web presence with the latest e- commerce tools, you can broaden your offerings, increase your reach and remain open 24/7.
General E-Commerce Statistics
20.8% of retail purchases are expected to take place online in 2023 Quickly departing are the days when shoppers would trek to the local mall to spend the day perusing various shops. Nowadays, the first touchpoint a customer has with a business typically takes place online, especially if the company has a presence on social media. As entrepreneurs look to start new businesses with little overhead, renting a physical retail space may no longer be a top priority as the focus shifts to establishing a web presence that captures these online sales with a low barrier to entry.
With the right strategies in place during launch, it should be much simpler to navigate the changing world of ecommerce in the future. In fact, the more you build up your strategies today, the more efficiently your business will run tomorrow.
By 2026, 24% of retail purchases are expected to take place online There’s no denying that online shopping is popular in today’s day and age. But how will it look a few years from now? Research shows that it’s more than just a trend. Customers will likely continue to turn to the internet every time they want to make a retail purchase. It’s clear that turning your business into an e-commerce venture is more than just a fad. It’s a great long-term investment, especially if you hope to scale.
E-commerce sales are expected to grow 10.4% in 2023 Since 20.8% of retail purchases are expected to take place online in 2023, it’s no surprise that e-commerce sales are supposed to increase as well. With more customers shopping online, your business can sell more and earn more as a result. Whether your goal is to boost your sales by a small percentage, or you hope to completely transform your business from a startup to a large organization, e-commerce can help.
The global e-commerce market is expected to total $6.3 trillion in 2023 One of the greatest benefits of e-commerce is that you can sell your products and services to anyone, from anywhere. As long as a customer has access to your website, they can purchase from it, even if they’re on the other side of the world. If you currently have a local or national presence, this strategy can give your brand the global presence it needs to enjoy unmatched growth.
The difference between success and failure in the industry has a lot to do with your ecommerce strategy. Prepare your brand for a successful launch by learning more about ecommerce strategies, what they can do, and how to design one of your own.
By 2026, the e-commerce market is expected to total over $8.1 trillion When we say e-commerce is not a fad but a valuable long-term strategy, we mean it. In just three years from now, it’s supposed to take up trillions of dollars in market share. So what does this mean for your business? If you don’t jump on the online sales bandwagon now, you’ll likely miss out on a lot of money.
The U.S. e-commerce market will reach over $1.1 trillion in sales in 2023 While the global e-commerce market is expected to take off, so is the U.S. e- commerce market.[1] This is great news if you’d like to target customers on a national level. Even if you’re located in one state, you can sell to those across the country. E-commerce is an easy and affordable way to boost your U.S. sales.
In the U.S., 16.4% of retail purchases are expected to take place online in 2023 Whether you sell T-shirts, furniture, supplements or anything in between, rest assured that taking your products online is worthwhile. Shopping online rather than at a brick-and-mortar location is the norm among many U.S. customers.[After all, it caters to their busy lifestyles and provides them with a sense of convenience they can’t resist.
Ecommerce strategies are interconnected plans that drive your business operations. There are three major ecommerce strategies to consider: product strategy, customer relationships, and corporate considerations. Each of these must work together to ensure the best possible outcomes for your brand.
Online Shopping Behavior Statistics: 57% of online shoppers report shopping internationally When online customers can’t find a business that meets their needs on a local or national level, they don’t give up. Instead, more than half of them look abroad. This means e-commerce can transform your business into a global organization. You don’t have to stick to customers in your area if you don’t want to.
The most common reason online shoppers abandon their cart is because of additional costs like shipping, taxes and fees (48%) If you plan to add e-commerce to your business, you should know what will deter, rather than attract, customers.
While you may not feel your ecommerce company is large enough to worry about corporate relations, the fact is that every brand needs a detailed process for communicating with business entities.
24% of online shoppers abandon their cart because the site wanted them to create an account While you can ask online shoppers if they’d like to create an account on your website, you shouldn't require them to do so. This is because some of them may simply leave your online store and look elsewhere for what they need. They’d prefer to checkout as a guest and don’t want to go through the time and hassle of creating a username and password.
22% drop out of an online shopping session because shipping is too slow When a customer orders a product online, they may not expect it that hour or that day. But many of them want it as soon as possible. If it takes weeks or months for you to ship orders, they’ll likely leave their online shopping session on your website and turn to a competitor with faster shipping times. E-commerce and slow shipping are not a good combination so it’s important to streamline your shipping processes and do whatever you can to expedite the time it takes for customers to receive their orders.
79% of shoppers shop online at least once a month While some customers might shop online every once in a while, most of them do so on a monthly basis.[5] Online shopping is simply a part of their regular routine, regardless of what they’re looking for. It’s second nature for them to turn to the internet every time they have a particular purchase in mind.