DIGITAL MARKETING IN E-COMMERCE
“Strive
not to be a success, but rather of value”. This quote by Albert Einstein holds
true even in today’s day and age. We are in an age where digitalization is the
new norm of the world order. The dot-com bubble has opened the world to the
world of internet. This has indeed opened up business to pool of opportunities
and customers to tap into. Digital marketing is basically using digital tools
to gain customer base and convert them into the future clients with enticing
and attractive offerings.
In
the 1990’s the e-commerce started to take shape once the dot-com bubble
started. A prime example of this can be seen in the way Amazon functioned. In
1995, it sold its first book and after two decades, Americans roughly spend
$341 billion on its website alone. This tells how far e-commerce websites have
come. Most of the companies which are into serving the needs of the customer
must have a website with proper detailing on its products and services in the
present age. Over the course of the last decade alone, the e-commerce sales
have grown by almost twice the initial sales generated. Innovations by major
players in the market have also played a hand.
As
of now, there are more than 8,00,000 stores online. This alone underlines the
importance of e-commerce and its huge potential on the future. Earlier, most of
the players in e-commerce were focused only on websites. But, the huge boom in
smartphone market and its huge potential have forced their hands into
developing apps customized for the mobile devices. So, in the future mobile
commerce is something which is going to increase exponentially as mobile
commerce sales is expected to grow at a rate of 2.5x faster than that of
regular commercial sales.
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True saying Nandini Majhi Digital market is showing a great impact in ecommerce.Nice Blog with impactful points.👍
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