COVID-19: THE BEST TIME TO START AN ECOMMERCE BUSINESS

2021 has seen its fair share of events, but COVID-19 remains the most impactful one. And the one industry that has been grown massively due to this pandemic is the eCommerce industry.

People who used to gather at brick-and-mortar shops are leaning towards online shopping, meaning more people are now online than ever. The effects on eCommerce due to COVID-19 are copious and may even last for decades.

RISE OF ECOMMERCE DURING COVID-19 PANDEMIC

COVID-19 has caused eCommerce to grow at an unprecedented rate. It is stated in a report that global online businesses increased by 52 billion dollars. Within a few months, eCommerce has experienced growth that would typically take 5 to 6 years.

Consumer behavior has changed, as well. The items that were previously hyped have decreased in demand. The demand for unique products has increased as well. There are varied effects of the pandemic on individual sectors.

COVID-19 is causing multiple changes in online and in real life shopping behavior. Online sales are turning over more money than holiday shopping. eCommerce has proven itself to be safe and reliable during the pandemic. Social distancing and safety measures are more comfortable to abide in this form of shopping.

In the USA alone, there has been a 40% rise in online shopping. The sale tendencies might not remain permanent. They are influenced by many factors, such as consumer behavior and social distancing requirements.

This has also created scope for new eCommerce stores to meet customer demands. But it takes time to run and maintain an eCommerce store successfully. And that’s where eCommercesales.com.au is able to assist.

AREAS THAT ARE BOOMING AMIDST THE CRISIS

Although the pandemic has caused a global economic recession, some sectors are experiencing growth. And eCommerce is one of them. Amazon is experiencing higher growth than before, and the same goes for other delivery services. Almost all of these online-related sectors are seeing some form of growth.

And here the items that are helping in this unprecedented growth of the eCommerce industry.

FOOD AND BEVERAGE

Consumers are hoarding food items in bulk quantities. People are generally addicted to their individual choice of beverage. Coca cola, Pepsi, and beer are common beverages that are liked by all.

Since going to shops has become limited, people are stocking up on their favorite food and beverage items from home. The sites that sell pure packaged and processed food are seeing a rise in business by providing bulk orders.

SHELF-STABLE ITEMS

Panic buying has caused people to buy shelf-stable grocery items like canned goods and frozen items. During the pandemic, it is normal for people not to go outside much. So, the regular purchase of fresh ingredients is not possible. As a result, people are inclining towards buying dry and shelf-stable items for their kitchens. There is a surge in dry vegetables, canned foods, and frozen meat. Cured meat, soup, rice, and baby foods are the most demanded items in the pandemic.

MEDICINE AND HEALTH PRODUCTS

Medicine and health products are the most sold online items this year. Masks and sanitiSing items are all the rage. Disposable gloves are trending as the number one item sold over online this year.

It has seen a growth of over 670% in demand. And you can be sure that the status may remain the same for the coming years. People who started mask business during the pandemic are forced to hire more workers to meet the huge demand.

All these businesses are choosing the online delivery route because people are afraid to get out of their homes and gather at shops.

The most demanded medical items after masks and gloves are vitamin tablets, cough medicine, and face guards. So businesses related to these are also seeing growth.

RETAIL CHAIN SHOPS

All over the world, retail shops are cutting back on expenditure. Some famous retail brands are closing stores. COVID-19 is causing malls and brick-and-mortar shops to be non-essential places.

As a result, these places are closing down. However, there is a rise in online sales of fast fashion items. Casual and comfortable clothing is seeing an increase in demand. People are becoming health conscious during the pandemic. Many people are doing exercise at home. So gym clothes are also in high demand.

MOBILE FINANCIAL SERVICES

Payment options like PayPal and others are experiencing growth. It is a good idea to invest in them at this time. The demand for these services may remain permanent because people might become more addicted to the easy ways of online shopping.

ELECTRONIC PRODUCTS

Initially, there were good sales reports for electronic goods. People were buying items to furnish their office homes. Laptops, PCs, and home entertainment items are in demand.

Other items are not being sold much except washing machines. Home appliance items are in usual demand. One of the highest sold items is, believe it or not, are bread makers!

People are cooking their favorite dishes at home since restaurants are closed. The appliances that are used in cooking are in good demand.

DIGITAL STREAMING SERVICES

Videos and digital streaming were becoming popular pre-pandemic. COVID-19 has caused people to remain in homes even more. Celebrities and people related to the entertainment industry have resolved to use online streaming services to live stream concerts, parties, and product launches.

People who are starved to go outside are getting more used to live streaming options to stay connected to the outside world.

FINAL THOUGHTS

Although COVID-19 has caused economic problems in the stock market and contemporary businesses, eCommerce is seeing positive growth. Many people who are reverting to eCommerce are solving their financial crises. It is advisable that you follow recent business trends to stay afloat.

Consumer behavior is changing, as well. It is seen that consumers are facing fraudulent behavior in purchases from online. And online sellers are also experiencing more security issues. However, eCommerce services are generating more profits than ever and are safe in demand. People naturally feel safer shopping from home than going outside. Investing in eCommerce businesses is definitely a good idea right now.