Online Shopping Behavior Is Still Evolving

Posted on May 2, 2018 by bermanevansretail

As we reported yesterday, the future of E-commerce is brighter than ever.  Now, we study how online shopping behavior is still evolving. In this post, we look at: (1) online shopping trends and (2) the recent success of eBay. The material is drawn from eMarketer.

 

How Online Shopping Behavior Is Still Evolving

eMarketer Retailing reports that:

In the United States, “marketplace platforms generated $2.1 billion of revenue, increasing 11%, and $22.5 billion of gross merchandise volume (GMV), a key metric. According to ‘The eMarketer E-commerce Insights Report,’ conducted by Bizrate Insights in March 2018, fully 44% of internet users have made a recent purchase via an online marketplace.”

And the online shopping process itself is evolving, as shown in this chart.

Online Shopping Behavior Is Still Evolving

 

eBay’s Strong Results

Since its spin off of PayPal, eBay has worked hard to boost its E-commerce business. And these efforts are paying off.

eMarketer attributes eBay’s success to four factors:

  1. International Growth
  2. Brand Awareness and Acquisitions
  3. Improved Shopping Experience
  4. Shifting Merchant Focus

To read about these four factors, click the image below and then scroll down the page.

eBay Driving Ahead
 

Posted in Online Retailing, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 7: Communicating with the Customer | Tagged , , , , | Leave a comment

New Infographic on E-Commerce’s Future

Posted on May 1, 2018 by bermanevansretail

Today, we present a new infographic on E-commerce’s future. This builds upon these prior posts:

 

A New Infographic on E-Commerce’s Future from Go People

Go People, an Australian delivery services company recently looked at the future of E-commerce. As the firm’s Nick Hartman observes:

“The E-commerce industry is on a roll, as digital consumers are buying more and more products and services from online retailers. And it’s not just limited to giant E-commerce stores like Amazon and eBay. Small to medium enterprises are also seeing spikes in their online sales — thanks to the continuous growth of digital technologies, as well as digital consumers.”

“People who are on the go want fast and convenient methods of shopping. And E-commerce addresses this need for them. With just a click or tap on your devices, you can order items or subscribe to a service. You can also take advantage of hamper delivery when you shop online. It’s shopping made easy for consumers who do not have the time to go to brick-and-mortar stores.”

“With these scenarios, it’s safe to say that E-commerce will continue to grow. And to attract a wider market globally. Look at this infographic showing existing and upcoming trends in E-commerce, the buying behavior and preferences among digital shoppers, and how things will pan out for your E-commerce business.”

New Infographic on E-Commerce’s Future
 

Posted in Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 5: Managing a Retail Business, Technology in Retailing | Tagged , , , , | 1 Comment

Starting and Finishing YOUR Work Day

Posted on April 30, 2018 by bermanevansretail

Here’s a good topic for you to consider. Starting and finishing YOUR work day. What you do when first arriving at work? And what do you do when ending your work day?

For other good insights, read these two posts. The Evolving Generational Work Place. And Advice from U.S. Entrepreneurs: Starting, Growing, Staying Inspired.

 

Starting and Finishing Your Work Day

According to Meredith Wood, writing for Fundera (a financial services firm):

“How you start and end your work day can affect your productivity. And your overall performance at the office. Both entrepreneurs and busy professionals can benefit from establishing an intentional schedule for their morning and end-of-work routines. Being mindful of your work habits can help you assess how you are spending your time. And allow you to identify opportunities for improvement. Working smarter, not harder, means making simple shifts to your day that can have a big impact on how you feel and the work that you produce.”

“Adding key changes to the first and last moments of your work day can help you get more done. And facilitate better work-life balance. Spending time in the morning thinking about what you want to do to stay focused through the day. By intentionally logging out of work E-mail at the end of the day, you can enter your evening focused on outside-of-work passions. And the people that matter most to you. Also, you’ll start your next day feeling much more refreshed.”

“Instead of focusing on not having enough time to get everything you need done, try shifting your mindset. Make a few simple tweaks to your day to help you build habits that allow you to be the best professional you can be.”

The following infographic from Fundera provides several tips. Try them out and start/end your work day better.

Starting and Finishing Your Work Day
 

Posted in Career Useful Information, Part 5: Managing a Retail Business | Tagged , , , , | Leave a comment