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October 5, 2020
It’s news to no one that eСommerce continues to grow at a breakneck pace. Consider this: the average revenue per online shopper in the United States is $1,804; in the United Kingdom, $1,629; in Sweden, $1,446. If that doesn’t get your brain melting, then how about this: we expect to have 300 million online buyers in the US alone by 2023. That’s 91% of the entire country’s population!
What’s behind this rise in popularity? One of the main factors driving the eСommerce boom has been the pandemic lockdown. Millions of people worldwide are enjoying the retail experience online due to COVID-19. Will consumers ever return to stores? If yes, when? No one knows for sure. The best estimate is that the return to what we call “normal” will most likely take place in the second half of 2021.
The theory is that if you use Shopify to launch your own online store, you can reap the benefits of the growing industry of online commerce. Why Shopify? Well, let’s face it: we live in the 21st century, the century of colossal technological advances. The market is changing rapidly. There is always something new, so you have to adapt quickly and make the right decisions at the right time.
Predicting trends, sourcing from the right vendors, and assuring the quality of the products are, indeed, the essence of being an e-commerce company. And that’s the hard part. The best strategy here is something in between continuing on a path that’s going well and experimenting and looking for new touchpoints for the custom engine—especially when new technologies are coming up.
You cannot just do everything by default. That’s defocusing and often not even possible. The right business model and the proper platform in place are what counts. So, Shopify it is. It’s not about what you do as a business but how you do it.
Today, Shopify is the leading e-commerce platform in the USA, with a 23% market share. It can bolster your online success. More importantly, the business model itself is genius. It goes without saying that this store builder has a tenacious hold on the market, but it hasn’t always been this way. The widespread company has come a long way, from the average startup to one of the main competitors of BigCommerce, Magento, and WooCommerce.
A little background: Some 15 years ago, Tobias Lütke, the founder of Shopify, was trying to open an online store to sell snowboards. He imagined that setting up an e-store would not be a problem. He was wrong. So wrong. It was at that point that he learned that no one had really thought about people starting a new business in the online environment. That was most regrettable. To do away with injustice, the future billionaire decided to create software to run the store he wanted. He took a very complex thing and wrapped it into a single, well-crafted, easy-to-understand product. After raising $200,000 from friends and family and receiving $250,000 from angel investors, the “lord of boards” introduced the world to Shopify, today’s linchpin of e-commerce.
Who uses Shopify? This leader in the e-commerce space is the perfect solution for not only small- and medium-sized businesses. It has also drawn the attention of the public and celebrities. Jenner’s startup, Kylie Cosmetics, is worth about $800 million, according to Forbes. The reality television star’s company reached such heights by using Shopify. Radiohead, an English rock band, promoted its latest album through Shopify. Hip-hop god Kanye West even uses the e-commerce software to sell his fashion. Shopify’s clients also include biggies like Google, GE, and Tesla. They have already felt the full force of Shopify Plus, the advanced version. What about you?
Shopify can be compared to a social media superstar: hip and in-demand. It is very popular for one simple reason: it works. However, it has some drawbacks you should be aware of. Here is a quick bullet-point list of the cons:
These disadvantages are not fatal but can be very annoying.
How can you meet the challenges? Sometimes, the number of possibilities you have as a company is overwhelming, and you need to choose the right one. Everyone is telling you this of that is the best solution or service for you. But to be quite honest, that’s not true at all. Don’t worry, we’ll get you help. You don’t need to reinvent the wheel.
Here is the killer tip: Uran, a technology solutions company, has a critical mass of expertise in building Shopify stores, apps, and themes. Our team has successfully implemented a number of e-commerce stores, and now we’re maintaining them. We'll take care of all the details if you choose to take advantage of our service. We'll handle all the cycles of Shopify store development, from theme design to search engine optimization. Mark our words, we will help you to establish a business you are happy with.
Where is technology taking us? It is taking us to the comfort of our own homes. Fewer people are making regular visits to physical stores. The challenge for some companies will be keeping customers as we move from a health crisis to an economic one. We are probably going to see the whole new version of the consumer in the aftermath of this pandemic. That new consumer is going to be looking for your products online.
There will be some profound changes in individuals’ behavior. It would be presumptuous at this stage to say that we know what exactly those changes will be, but some tendencies are showing themselves today as we study behavior patterns. As restrictions are imposed, we are witnessing a structural shift toward e-commerce. This shift is massive. People still need brands and products. The economy still needs to continue. To break the stalemate, the world has started to adopt a more comfortable type of shopping. Shopify seems to be right on that path of where things are going.
The retail and commerce world of 2030 has been pulled into 2020. COVID-19 has been a strong catalyst for consumer adoption of e-commerce. In light of the difficult and often tragic situation people are finding themselves in, shopaholics are shifting their spending from in-store to online and e-commerce. That’s why you need an online presence to reach your potential customers and maximize your ROI. That presence has become critical for businesses just to stay afloat.
Ready to open your online store? Build a strong web presence with the right eCommerce solution today.