eCommerce is one of the fastest booming industries on the planet. People love to shop online nowadays, promising higher growth for eCommerce businesses. According to Statista, the eCommerce sales is expected to cross $6.54 trillion by 2024. Experts predict that 95% of all the purchases are expected to be through eCommerce by 2040. If we look at the present scenario, especially the Coronavirus pandemic, the possibility of happening that soon cannot be negated.
eCommerce during Quarantine & Lockdown
Coronavirus and subsequent quarantine and lockdowns in various countries have positively impacted the eCommerce industry. More people are locked down in their homes than ever.
Irrespective of the lockdowns, people still need products and services– essentials, non-essentials, luxury products, digital products, courses and what not.
With not much to do, people are resorting to online mediums for entertainment as well as shopping.
The current scenario is ripe enough to start your own eCommerce store as the market is brimming with demand.
If you’re planning to dive in the entrepreneurial pool, there can’t be a better time than this.
The best strategy to launch your eCommerce business is to act now and improve later. Adopting an agile methodology and continuous iteration can do wonders to grab the eCommerce growth opportunity in the current times.
Action Plan for Launching Your Own eCommerce Business
Building a sustainable business, irrespective of the industry, is a monumental task.
Failing to plan is planning to fail, it is said. And if you are planning to launch your own eCommerce business, you need to have a concrete plan.
Launching an eCommerce Store in 5 Days
If you want to launch your own store, here is the exact blueprint of what you should do to get your store running in just 5 days