Question

What is the future of online retailing

Answer 1

When we talk about online retailing it is basically selling product and services online through using the medium of internet and it have certain advantage for deciding its future such as Easy access to market - in many ways the access to market for entrepreneurs has never been easier. Online marketplaces allow anyone to set up a simple online shop and sell products within minutes.Reduced overheads - selling online can remove the need for expensive retail infrastructure and staff, allowing you to invest in better marketing and e-commerce site.Potential for rapid growth - selling on the internet means traditional constraints to retail growth - With a good digital marketing strategy and a plan a scale up order fulfilment systems, you can respond and increase sales.Widen your market / export - one major advantage over premises-based retailers is the ability expand your market beyond local customers very quickly.Customer intelligence - ability to use online marketing tools to target new customers and website analysis tools to gain insight into your customers’ needs

By analysing this factors we can say that the future of online retailing is bright.