- April 26, 2023
- Technology
Why should you consider leveraging ecommerce to grow your business in Ethiopia
E-commerce has become a growing factor in the contemporary. Before 2020, online shopping was becoming more and more popular, but the recent pandemic drastically increased that rise. E-commerce is essential for a nation's economic and social development. But, not many people are aware of how crucial e-commerce is to many facets of daily life in a nation where technology hasn't quite reached its apex.
Though several sectors are already feeling the effects of the wave differently, e-commerce continues to show itself to be a lucrative and important component of the future economy. You may better position yourself and your company for future success in e-commerce by understanding today’s trends and where they are going.
So why should you invest?
simple access to the network
Online selling requires less capital. Also, e-commerce knowledge is not necessary. You obtain a site that may be customized as part of the service; you can select a template, add material, and change the necessary features.
The benefit of this approach is that you don't have to invest a significant sum of money in a web store at once; instead, you simply pay a monthly, quarterly, or annual subscription to use the service, and your expenses in this area are finished. The next step is to try to make your store more well-known. To do this, select the best marketing initiatives, establish a budget, and track your progress.
Increased reach
You should invest in an online store because it will allow you to access a far wider spectrum of potential clients. Even though your business is located in a certain city, selling online will help you reach a larger audience. You can connect with buyers around the world by creating a website. Customers from all around the world may find your products appealing, thus boosting their clientele.
Increased brand awareness
Perhaps you operate a local business and are well-known here. Using e-commerce, your brand may gain recognition on a global scale. Marketing initiatives like Google AdWords, Facebook Ads, SEO campaigns, email marketing, and active social media profiles can help you achieve this result. In a nutshell, as your company grows in recognition, sales may increase and you may draw in repeat consumers who will advocate for your brand.
Sales are available anytime
Several customers claim that the biggest benefit of online purchasing is that stores are open 24/7. This enables customers who are interested in your offer to shop whenever it is most convenient for them. Many businesses require prospective customers to reschedule their plans in order to be able to shop. While discussing e-commerce, such a thing does not exist.
Monitoring marketing operations' results is simple
Your online store is initially a completely private operation. However, you can contact recipients thanks to marketing initiatives. The key benefit of such online activities is that it is reasonably simple to determine whether an investment is profitable.
With the help of Google Analytics, you can validate practically all traffic sources, determine whether they result in conversions, and use this information to choose how to allocate money for marketing initiatives going forward. SEO works best in one industry, Google ads are beneficial in the other and social media marketing brings profits in a completely different field.
increased user awareness and tailored offers
When you own a business, you undoubtedly hope that every customer will buy something. You take steps to optimize income per customer through the exposure of key products, promotions, or other activities, even though it's highly improbable in real life.
You have a lot more chances in this regard on the web because you may customize your offer and reach a specific target audience as part of marketing operations thanks to analytical tools and other solutions. You boost your chances of making a sale by offering something that an Internet consumer might truly require.
Investing in e-commerce has countless advantages that make it an attractive option for many entrepreneurs. Its flexibility and relatively low costs mean that you won't be risking a significant investment in getting started. With platforms such as Ashewa.com, it is possible to create a professional store from scratch - all free of charge! Ultimately, investing in e-commerce can be a highly lucrative choice with minimal risks and maximum rewards, so consider giving it a try today!