The pandemic hasn’t been easy for anyone. The whole world suffered because of the unexpected circumstances brought in by Covid- 19. It was also quite natural for most countries to go through an economic crisis.
What’s surprising is that despite these situations, one industry, particularly, continued to grow; It was e-commerce. In his recent interview, Can Mandir explained how it happened and what can be the possible causes of this growth witnessed by e-commerce.
What led to the growth of e-commerce in 2020?
The circumstances that brought e-commerce success aren’t complicated. If one analyzes the situation people were put in, it becomes more and more clear why e-commerce remained unaffected by the pandemic.
Below is what led to the growth of e-commerce in 2020:
- Offline markets were restricted and weren’t open for their usual hours. Therefore, people started looking for online alternatives to shop from.
- Packaged goods were more in demand. Since online retail is the best place to shop packaged goods, people shifted to online retail.
- Most people established online platforms for their business to continue their services.
How was dropshipping affected?
Dropshipping was affected positively too by the pandemic. In reference to dropshipping’s status, Can Mandir quotes, “When it comes to online shopping, consumers are craving it more than ever.” Thus, dropshippers too continued to benefit from lockdown and other covid circumstances.
Many people hold the misconception that dropshipping must have suffered because of the restrictions placed on the shipping of goods globally. However, Can Mandir claims that there weren’t enough restrictions to limit the growth of e-commerce. Consumers were constantly shopping online locally as well as globally, and that serves as the proof for dropshipping’s success.
While talking about dropshipping, Can Mandir also suggests marketing tools that can be used to improve the status of dropshipping ventures. These tools are:
- Use of advertising as much as one can
- Email marketing
- Option for reviews or feedback
Aside from these tools, Can Mandir deems willpower, discipline, and patience to be necessities for running a successful dropshipping business.
What will be the future of e-commerce?
The future of e-commerce remained the same as its present, if not better. The pandemic has been a catalyst for the growth of e-commerce. However, it isn’t the only force that determines how well the industry performs. Consumers are one of the major factors that determine what the future of an economic sector will be.
Consumers of today are well-aware of the advantages that online retail holds. Moreover, the tight schedules of consumers make online shopping a better alternative for them. Thus, consumer behavior seems to favor the future of e-commerce.
Moreover, the year of the pandemic has made consumers used to online deliveries and millions of options presented on shopping websites. Consequently, most consumers have settled into a habit of shopping online, which is unlikely to go away anytime soon.
Does crypto have a future?
The recent announcement made by Tesla has fueled the expectations held by people for cryptocurrency. While crypto’s use has been quite negligible, it seems like that is set to change in the future. Can Mandir too believes that crypto will be soon witnessed in e-commerce activities.
Being a successful dropshipper, Mandir has an eye for future trends and market dynamics. Consequently, he can tell what the market will be like in the future. In addition to that, Can Mandir believes Elon Musk to be heavily influential.
While talking about him, he quotes, “His words and actions matter and has a direct effect on the market.” Thus, it seems like crypto has found a space for itself in e-commerce or will do so in the future.
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