E-commerce has taken the lead over the past few years. Moreover, the pandemic didn’t slow the industry down; instead, it added to its success. Being a popular industry, there are many questions that people have regarding e-commerce.
Can Mandir, a successful dropshipper, has answered the general questions the public has towards e-commerce. Below is what all he said and what all he advised.
How did E-Commerce Bloom in 2020?
The success of e-commerce in 2020 seems like a surprising affair. This is so because most of the economies perished throughout the year due to Covid- 19. E-commerce managed to flourish despite the pandemic because of the lockdown and other such conditions.
Online retail had been in business even before the pandemic. However, it was during 2020 that its main potential was realized. People began to see the benefits of online retail as online shopping was the most convenient option. During the lockdown, only essential shops were open.
Moreover, there was a specific time allotted to the opening of markets. Such conditions shifted consumer preferences from offline retail to online retail. As a result, e-commerce gained a lot of new consumers.
Can the Same Growth be Expected in the Future?
Yes, the same growth for e-commerce can be expected in the future. E-commerce’s success isn’t limited to the pandemic. In reference to the question, Can Mandir quotes, “The e-commerce market will continue to generate the growth of revenue.”
Moreover, there are many reasons for these future expectations. These are:
- Changing market dynamics
- More convenience provided by online retail
- Wide variety of products
- Consumer habits being in support of online retail
- More and more sellers shifting to online platforms
Therefore, because of the aforementioned reasons, e-commerce will continue to retain its place if not grow out of it.
Does Crypto Have a Space in E-Commerce?
Can Mandir is optimistic about cryptocurrency. He believes that “there is a lot of potential to it as the demand grows and customers are willing to pay with crypto.” Moreover, crypto has received a lot of support from Elon Musk.
Can Mandir regard him as the greatest visionary of our time. Thus, the public is expected to be influenced by his interest. So, while crypto remains absent from e-commerce, the future is set to change.
How Can One Established a Successful Dropshipping Venture
Since Can Mandir has been able to establish a dropshipping venture successfully, his advice can be significant for new as well as old dropshippers. Dropshipping is a less risky venture, yet there are still proper steps and conditions that are required for its success.
Below is how one can establish a successful dropshipper venture according to Can Mandir:
- One should be well equipped with electronic devices such as laptops, computers, smartphones, etc.
- A good internet connection is necessary as we are talking about e-commerce.
- Apart from materialistic things, willpower and discipline are also required to be successful in the dropshipping business.
What to Avoid while Entering the Dropshipping Domain?
Can Mandir consider the mindset of people to be the biggest barrier to dropshipping. Many people refrain from entering into dropshipping as they believe it to be too difficult. Moreover, there are still some consumers who continue to shop from offline markets.
Mandir believes that online selling has never been an easy task, and one must encounter problems to grow. On the other hand, consumer behavior is constantly changing. Thus, over time, one can expect success if one has been working diligently and constantly. Therefore, to be a successful dropshipper, you must not fear dropshipping while not considering the venture to be easy as well.