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According to United Nations trade and development statistics , ecommerce is worth more than $22 trillion, and it’s still growing. That's why we're seeing a good number of online stores springing up. Related: 11 Mobile Apps That Make Managing Your Online Store Easier Consumers have come to expect the speed, ease and convenience of ordering online; they seem to like sitting back and waiting for their merchandise to be delivered. What's more, they don't seem concerned about the fees they have to pay for shipping, either. Less stress in exchange for a token charge doesn't strike them as such a bad deal. So, yes, there's a lot of money on the table for any aspiring entrepreneur to venture into establishing an online store. But, how does one start? Fortunately, as more people venture into ecommerce, more materials are becoming available on the internet to help. Unfortunately: You're likely to suffer from information overload. You're probably be more confused than when you started out. So, first, let's clear about the obvious. An online store fundamentally is comprised of three components: There are many ecommerce platforms to choose from, but make sure you go with the one that is easy to set up and use. Go with something you're comfortable with.
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Retailers closing physical stores see online traffic decline Macy’s traffic dipped 11% as the retailer closed physical stores. The first half of 2017 has seen many traditional physical stores shut their doors. SimilarWeb has collected data on how these closures have affected the online presence of these same brands. Comparing online traffic in the first quarter of 2016 to the first quarter of 2017, retailers Payless , Sears, Macy’s, JCPenney and Aldo Shoes reported a decline in traffic. Macy’s traffic dipped 11%, and Aldo Shoes saw a 5% decline. Bebe experienced a slight increase of 2%. However, engagement on these retailers’ websites was up, with the exceptions of Payless.com and Macys.com. More specifically, SimilarWeb reported that Payless.com saw an increased bounce rate, while consumers were viewing the same number of pages per visit. And Macys.com visitors were viewing 0.6 fewer pages and bouncing off the site more often. Finally, AldoShoes.com visitors were viewing slightly fewer pages (0.2) and with a lower bounce rate. Of the six sites examined, bebe.com seems to have been least affected by recent changes in the retail space, making it clear why the brand would choose to focus on its online presence now. Researchers at SimilarWeb suspect that this improvement may be attributed in part to the brand’s strong mobile presence. In fact, 80% of Bebe’s customers enter its website via mobile, compared to Sears , which only engages digitally through mobile 56% of the time. JCPenney is also doing well overall, despite decreased visits in the first quarter. The brand had improved engagement stats, showing that visitors to the site were more interested in the content offered.
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