Everyone knows that online business is now growing more day by day. How many online businesses are there in Malaysia? A total of 373,213 entities counting and growing each day.

And, between March 1 and Oct 31 last year, a total of 373,213 entities registered their businesses with the Companies Commission of Malaysia under the online category.

Is the e-commerce industry growing?

It's not surprising that e-commerce skyrocketed in 2020 as consumers turned to their devices for their grocery, apparel, and home furnishing purchases. 

E-commerce provides increased visibility and sales by letting everyone that's looking for your products online find you. Even when you're targeting a niche audience, you're guaranteed to expand beyond your shop's physical area.

The e-commerce industry is booming like never before. Online purchases are increasing, especially as consumers are hungry for more convenience. Which means fast and free shipping and personalized user experiences. If you are entertaining the idea of selling online, there has never been a better time to join the market.

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Why do consumers prefer online?

The top reason consumers prefer to buy items online is the free shipping option offered by e-commerce stores. The convenience of getting purchases sent to them that online shopping offers also extends to having to return the product. Of internet users' top reasons to shop online, an easy returns policy is one of them.

What are the benefits of online marketing?

👉6 Benefits of Internet Marketing
👉Internet Marketing Is Inexpensive.
👉Internet Marketing Allows for Convenient Store Hours.
👉Internet Marketing Provides a Customized Advertising Approach. 
👉Internet Marketing Helps You Take Advantage of Social Media. 
👉Internet Marketing Provides a Way to Really Build Relationships.

7 Strategies To Grow Your Online Business

👉Specify Your Niche And Develop A Unique Brand. 
👉Know Your Audience Well. 
👉Focus On Content Marketing.
👉Invest in Video Marketing.
👉Use Paid Media To Increase Your Reach. 
👉Establish Partnerships.
👉Count On Online Solutions To Achieve Scalability.

What are the types of online customers? 5 Types Of Online Shoppers And Why Sites Fail To Convert Them.

👉Price-Sensitive Shoppers. These are the most common type of online shoppers.
👉Experience Shoppers.
👉Ready-to-Purchase Shoppers. 
👉Latest Product Shoppers.
👉Research Shoppers.

Is e-commerce the future?

The global eCommerce market is growing at a rapid pace. By 2025, it's expected to reach $4.2 trillion in revenue. But the fast-growing eCommerce market is evolving just as quickly as it's expanding. And because of rapid innovation in this space, tomorrow's eCommerce landscape could look vastly different from today's.

Is eCommerce still profitable?

It is not only profitable but thriving! Ecommerce and dropshipping profits have reached over $4 billion, which is a 7 per cent year on year increase for the last 10 years. Moreover, small retailers are seeing an almost 30% increase in conversion rates through smartphones.

So there you are, now you know how important is online businesses in the world market business growth. It is worldwide and everyone now is keener on mobility and easy access. Do you think you should take up an online business to market your business growth? Give it a thought! It might change your ways of marketing in the future. 

 Well, that's all for now! Thanks for reading my blog !! I hope you've enjoyed it!

Have a wonderful day and always be happy!! 

 Be nice, Be respectful and Be responsible.

ZazaAzman a.k.a MamaMonsta👻

*Disclaimer - Original photo was taken from Google Images. Credit to its owner.