In an era when technology plays an important part in life, and the Internet is the main area that modern consumers embed. Businesses are interested in moving to online businesses.
Recently, there was news about Alibaba’s decision to invest in Thailand and the coming of Jack Ma, the owner of Alibaba, who signed an MOU with the government on trade and investment. That’s why it’s not unusual for us to stay alert and pay more attention to e-commerce. For those who are still hesitant about whether e-commerce can be the way to grow their business, it’s a good place to stay. We’ve got some advice on e-commerce opportunities for your business.
- ASEAN e-commerce is likely to expand.
If you look at the e-commerce situation in a narrow circle just in Thailand before that, it’s a good place to start. Thai e-commerce is growing quite interestingly. According to the search and price comparison website Priceza.com, it was revealed that the number of people visiting the site in 2015 through 2018 has grown by more than 318%, with an average monthly average of 3,046,581 visits in 2016. The average monthly usage increased by 6,237,051, next to 8,816,135 in 2017, and in January 2018, the average access was 12,735,734.
According to Priceza.com, the number of people searching for products online is not the same as that of the company. Volumes increase by more than 40% every year and are likely to rise further in the years to come.
Therefore, as the number of searchers searches and compares, prices continue to skyrocket. It means people are turning their attention to online products hundreds of times more than ever before. Bringing businesses to the form of e-commerce is a move for many consumers in the Internet world they live in. There are more opportunities to increase sales for the business.
- Expand your business at a lower cost.
When it comes to the cost of making an e-commerce store, it’s a good thing to compare the cost of opening a store. The cost of e-commerce is less. This is because e-commerce doesn’t cost construction. There is no refurbishment fee. No need to risk stocking up on bulk products. Save on expenses such as water, electricity, hiring wages, and spend less time starting and expanding your business. The website can be opened within a few days and also reduces the burden of cash care because online payments are used instead.
- Earn more 24 hours a day
Once your business is in the form of an e-commerce website, you can sell 24/7 as a store business that never closes. Customers have access to the website throughout the day and customers from all over the world. There are no restrictions, only a website that supports language. Payments and deliveries Now it’s more accessible to your business. There are more opportunities to sell and earn more.
- Advanced technology Contribute to promotions
The advantage of the e-commerce system is that there will be an online tool that allows us to store sales data. Customer traffic, including behavioral information, can all be known. We can continue to market customer purchase information. Chatbot technology can also be used to answer questions 24 hours a day instead of hiring full-time employees.
- Modern consumers are increasingly online.
With the internet world, there is almost everything consumers want to know and can find. Therefore, modern consumers will live mostly online. In addition, consumers prefer convenience. Ecommerce systems can respond to these consumer behaviors.
In addition, HKTDC, the Hong Kong Trade Development Council, surveyed and predicted the trend of e-commerce markets among ASEAN countries, with approximately 640 million people in ASEAN. It is estimated that by 2020 it will reach 483 million internet users, and the size of the e-commerce market in ASEAN will grow from $5.5 billion in 2015 to $88 billion by 2025, which is a very high value.
And according to the data, it is also a good advocate that from now on, over 10 years,
e-commerce is still what businesses should do to get on with consumer behavior in the future.