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What Will Be The Future Of Ecommerce?

Discussion in 'eCommerce' started by maneetpuri, Feb 7, 2013.

  1. #1
    Friends,
    Technology always possessed the tendency to surprise us with new offerings and ecommerce was one of the best until date. Like many curious people around me, even I was interested in knowing what will be the future of ecommerce. So here is a brief compilation of my research under the title of “Next Generation Ecommerce: It’s Time to Be More Realistic”. Do tell me how you feel about it? Suggestions and feedbacks are always welcome!
    Cheers
    Maneet Puri
    SEMrush
     
    maneetpuri, Feb 7, 2013 IP
    SEMrush
  2. monishssn

    monishssn Greenhorn

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    #2
    Since you are from India, I have some stats for you.
    According to Gartner, the Indian eCommerce market would be worth $34 Billion by 2014.

    So I assume, it is having a great future.
     
    monishssn, Feb 7, 2013 IP
  3. Mr victor

    Mr victor Active Member

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    #3
    The future is bright for e commerce as more people are having access to internet in daily basis and more are becoming more lazy to buy from offline mall then it means a lot of money is to be made from e commerce in future
     
    Mr victor, Feb 7, 2013 IP
  4. AlexBaltag

    AlexBaltag Greenhorn

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    #4
    Why not in the future the entire process of ecommerce will be changed? Why when we want to buy something, specific , we need to visit dozen websites, to see what is the best solution for us? Why not sharing what we want to buy and then wait for sellers to make us the best offer? In this case we could save time and money and let the sellers fight for us.
     
    AlexBaltag, Feb 10, 2013 IP
  5. muffet

    muffet Active Member

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    #5
    Sellers are already fighting over each other for your money. Those who have the largest budget for international advertising will rip the most sales. eCommerce is moving more to social commerce were people share what they purchase with their social circles and this will greatly influence whether or not somebody purchases the exact or similar item from a merchant.

    More people in the developing countries are accessing the internet via their mobile phones, tablet or phablet because these items are less expensive compared to desktop or laptop computer. You have to adapt and understand how people purchase items in their local markets too.
     
    muffet, Feb 10, 2013 IP
  6. Peter Stuart

    Peter Stuart Greenhorn

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    #6
    I think within the next few years all payments from your mobile will be the standard to process payments. You can take payments in some shops using your smart phone (so I beleive) and I don't think it is long until you will be able to do the same on your mobile! Let's face it, it can do everything else.
     
    Peter Stuart, Feb 10, 2013 IP
  7. muffet

    muffet Active Member

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    #7
    This is already happening in the U.S. and some developing countries were a patron can pay a merchant for gas or goods using built-in NFC/RFID in their regular phone or smartphone. Yeah I hope financial institutions hopefully will start pushing technology to allow acceptance of payments via mobile phone directly into local or U.S. bank account.
     
    muffet, Feb 10, 2013 IP
  8. wisdomtool

    wisdomtool Moderator Staff

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    #8
    The technology is there for sometime. The bottleneck being the regulatory bodies that need to approve new methods of ecommerce. Also it is not easy to tie up the financial institutions to the new technology, given that Internet is global, the large financial institutions have millions of customers throughout the world, but each country has its own regulations. These are disruptive technology that will prove its worth in the time to come.
     
    wisdomtool, Feb 10, 2013 IP
  9. RobertWoges

    RobertWoges Member

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    #9
    Hi maneet,

    Everyday people seeking for their work to be done so easily and quickly.Best way for small business ownwers or others persons who is in need of ecommerce products would be more useful and beneficial .So ecommerce is going to rock in the future.No doubt about it.:)
     
    RobertWoges, Feb 10, 2013 IP
  10. maneetpuri

    maneetpuri Active Member

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    #10
    Thanks for your valuable and informative reply guys. What i feel is adaptation is required by firms who are into the ecommerce stuff to excel at a global level!
     
    maneetpuri, Feb 10, 2013 IP
  11. Biobob

    Biobob Active Member

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    #11
    mobile will take over
     
    Biobob, Feb 12, 2013 IP
  12. King Kovifor

    King Kovifor Active Member

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    #12
    As someone who works in eCommerce daily, especially mobile, I can clearly state that usability will become the future of eCommerce. And when I say usability, it will be things that market to a simplified user experience: such as single page checkouts (especially on mobile), redesigned sites that focus on targeting a variety of devices, and engaging users in ways that are yet to be released and developed. Companies are taking mobile full force, and billions of dollars in the US market alone are going through mobile & tablet sites. The share has grown, and companies are beginning to realize this.
     
    King Kovifor, Feb 12, 2013 IP
  13. infoway111

    infoway111 Member

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    #13
    The present trend of the age focuses on mobile ecommerce web development. According to a study conducted by Screen pages, mobile devices account for around 20.8% traffic today. Therefore, it is essential that you develop your ecommerce website in coordination with some worthy mobile practices. Here is a quick look at the practices that you must develop -
    1. Incorporate Online Customer Service
    2. Change of Grids and Layouts is Important
    3. Search Boxes must be Easily Available and Accessible
    4. Flexibility Plays a Significant Role in the Overall Design
    5. Integration of Social Media Elements is a Must for Spreading the Word

    With the value of ecommerce website development growing by the day, more and more businesses are considering incorporating the trend into their existing online business. The best practice lies in seeking expert and professional help from a leading web development company.
     
    infoway111, Feb 13, 2013 IP
  14. thespin

    thespin Greenhorn

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    #14
    I agree totally with infoway especially regarding the adaptation of responsive grids and layouts. I happen to foresee users being able to interact more directly with products. That is rotating or tumbling them or zooming (which is currently very popular).
     
    thespin, Feb 17, 2013 IP
  15. anne785

    anne785 Member

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    #15
    The ecommerce sales already has reached to $1 trillion and really the ecommerce industry have good future by coming years.
     
    anne785, Feb 17, 2013 IP
  16. Emma Pollard

    Emma Pollard Active Member

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    #16
    That's not strictly true. It all depends on your industry and your audience. Most online retail is done through search and recommendation from friends. People are increasingly cautious about clicking on ads, and more and more people are blocking ads entirely.

    While Amazon might sell adult toys (which is my area of expertise when it comes to retail copy) they cannot compete with other specialist retailers directed specifically to men, or for groups in society. Also, how much information does Amazon supply on a product page, compared to what you can invest in your item description? It's not hard to beat Amazon on a product-by-product basis.

    I agree to an extent. But, again, there are plenty of people who DON'T share what they just bought on Facebook. When was the last time you saw someone posting a status update or a product on Facebook? It's actually pretty rare. People keep saying that social is the way to increase sales, but only when you have something interesting or funny actually worth sharing. People don't share that they just bought a new pair of shoes, they share if they find a company they enjoy, or something that they think will make their friends laugh.

    If you're hoping to gain sales through social, you need to create content worth sharing, not just hope people will want to brag about the underwear they just bought.

    I would agree again, to an extent, but the buying process is the same whatever system people are using. There really isn't anything you can do as a retailer to target specific countries other than offer mobile viewing of your site, and as many payment options as possible.

    A phone in India will work in the same way as a phone in England. People find you, they view items, they go through the checkout process and they buy. There's really not much else you can provide as a retailer to help people in India that you haven't already done to help people in Europe.
     
    Emma Pollard, Feb 18, 2013 IP
  17. WebiProg

    WebiProg Peon

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    #17
    Ecommerce will be represented by Mobile Commerce in the future.
     
    WebiProg, Feb 18, 2013 IP
  18. King Kovifor

    King Kovifor Active Member

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    #18
    Social is an important factor in decisions on whether or not someone purchases something (obviously, different niches won't have such a big difference). You trust your friends opinions more than that of strangers, because well, you know them. My employers were the first two integrate the Facebook like button in a mobile website, even before it was integrated on their full site (we function very differently then you'd assume) and it was raved about. Hell, I don't do much online shopping, but when I do like something (usually for testing purposes) I have friends that automatically notice the new like. They call me out for it because well, I'm a straight guy liking a purse on Kate Spade, but that's besides the point...


    Sharing isn't always about making a comment, liking content (I use Facebook, since from my experience, I believe this is the most widely used social context) will add endorsements that people will see and trust.
     
    King Kovifor, Feb 18, 2013 IP
  19. DSKANK888

    DSKANK888 Active Member

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    #19

    Think this is still a valid point as it touches upon site usability. How often have you found yourself turned off by a large online mall's vast offerings and poor search and navigation functions? The challenge for retailers is to provide a simple and painless shopping experience that pulls customers back time and again. I feel eBay is the only site that comes close to a hassle free experience, where you feel confident that you can drill down and find all products in their inventory, with a simple sorting and listing interface. Amazon I still find tiresome, and feel the search inadequately misses items.

    Another challenge for ecommerce retailers is the need to serve content to a proliferation of devices. So standardisation will increasingly come to bear on implementation.
     
    DSKANK888, Feb 19, 2013 IP
  20. speedyarticle

    speedyarticle Well-Known Member Premium Member

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    #20
    Likewise as the big companies like wallmart is fighting with other stores the same is going to happen here as well or else otherwise you can expect the same here.
     
    speedyarticle, Feb 19, 2013 IP