In just a few short years, ecommerce has become one of the most critical aspects of the global economy. The ecommerce industry is continuously growing in Pakistan. It started with online shopping for clothes and then shifted to electronic items.
Now, the ecommerce industry has become more diversified with the inclusion of food delivery, groceries, and home-delivery services. This evolution has made life easier for consumers and created growth opportunities for businesses.
If you're running an online store or are thinking of starting one shortly, it's essential to be aware of the biggest trends shaping the industry in 2023.
In this article we will share six trends that will be huge in 2023! Keep an eye on them to stay ahead of the curve in the ecommerce industry.
What is Ecommerce?
E-commerce, also known as electronic commerce or online shopping, is the buying and selling goods and services over the Internet. It covers various activities, from purchasing a new pair of shoes to selling a house.
E-commerce businesses can be divided into two main categories: business-to-consumer (B2C) and business-to-business (B2B). B2C businesses sell products and services directly to consumers, while B2B businesses sell products and services to other businesses.
The growth of ecommerce has been driven by the increasing availability of broadband Internet access, the proliferation of mobile devices, and the rise of social media. With more and more people shopping online, ecommerce is expected to continue to grow in popularity in the years to come.
Ecommerce Industry in Pakistan
The ecommerce industry in Pakistan has seen phenomenal growth in recent years. This is due to several factors, including the increasing internet and mobile device penetration, the growing population of young people, and the booming tourist industry.
Pakistan has a large and young population, which is increasingly urbanized and connected to the internet. This provides a vast potential market for ecommerce companies. In addition, Pakistan is a rapidly growing tourist destination, and many tourists come from countries where ecommerce is well-established.
As a result, they are familiar with the concept and are more likely to make purchases online. The ecommerce industry in Pakistan is still in its early stages, but it has immense growth potential. The proper support and infrastructure could become a significant drivers of economic activity in the country.
The Top Six Rising Trends of the Ecommerce Industry
The ecommerce industry is constantly evolving to meet the needs of consumers. Six of the most significant trends likely to shape the industry in the coming year are here.
In today's digital age, consumers expect a personalized experience from the brands they interact with online. They are no longer willing to settle for generic content, product recommendations, or offers--they want companies to know who they are and what they're looking for.
As a result, top ecommerce companies in the world will need to find ways to collect and use data to deliver a customized experience for each customer. This may include collecting data on customer demographics, purchase history, browsing behavior, cookies, and other tracking technologies.
By using this data to deliver targeted content, product recommendations, and special offers, ecommerce businesses can create a more personalized experience that will keep customers coming back for more.
At the Markaz App, we acknowledge the importance of personalization and enable you to provide a personalized human-centric experience to your customers and answer their questions through social media platforms in a personalized way.
- Multiple Payment Methods
As the e-commerce industry continues to grow, more and more businesses are offering multiple payment methods to their customers.
There are several reasons for this one of the top ecommerce trends.
- Offering multiple payment methods makes it easier for customers to purchase goods and services online.
- Finally, offering multiple payment methods is a great way to show that you value your customers and their convenience.
By offering various payment options, you can make it easy for customers to do business with you, no matter their preferences. The Markaz App is one of the top Pakistan ecommerce websites where we understand that Pakistani customers are hesitant to trust online payments. In a country where cash is still king, persuading people to switch to digital payments can be difficult.
That's why we offer a cash-on-delivery option for all of our products. This way, our customers can pay for their purchases without worrying about the security of their personal information.
- Mobile Commerce
There has been a dramatic shift in how consumers shop in recent years. Thanks to the ubiquity of smartphones and tablets, people can now shop online anytime, anywhere. Mobile commerce is one of the rising ecommerce trends expected to continue in the coming year. Therefore, ecommerce businesses must ensure that they optimize their websites for mobile phones. This means creating a responsive design that can be easily accessed on a small screen.
In addition, businesses will need to focus on reducing loading times, as consumers will likely abandon slow-loading pages. By making these changes, ecommerce businesses can stay ahead of the competition and capitalize on the growing mobile commerce trend.
In today's fast-paced world, it's more important than ever to be able to conduct business on the go. That's why the Markaz App has a mobile application that makes it easy for our resellers to do just that. Our mobile app allows resellers to search for products easily, check pricing, and place customer orders from their smartphone or tablet.
- Marketplaces Surge
A marketplace is another rising trend. It is an online platform that allows multiple sellers to list their products for sale. Buyers can then browse the different products and choose the one that best meets their needs. Marketplaces offer several advantages for both buyers and sellers.
For buyers, they provide a convenient way to compare products from different sellers in one place.
For sellers, they provide a ready-made audience of potential customers.
In addition, marketplaces typically charge lower fees than traditional ecommerce platforms, making them more attractive for small businesses and startups. The Markaz App is a social commerce marketplace that enables resellers to connect with suppliers and sell products to customers with zero initial investment. We aim to bridge the gap between suppliers, resellers, and customers in the coming years.
- Make Use of AR and VR
There's no doubt that augmented reality (AR) and virtual reality (VR) are transforming how we interact with the world around us. And as these technologies continue to evolve, they're also having a major impact on the e-commerce industry. Top e-commerce companies in the world, like Amazon and Alibaba, are already using AR and VR to enhance the online shopping experience, and it's clear that this is just the beginning.
AR and VR offer a unique opportunity for e-commerce businesses to engage with their customers in completely new ways. With AR, customers can view products in their homes or workplaces before making a purchase, while VR allows them to immerse themselves in a product before buying it.
So if you're looking to stay ahead of the curve, now is the time to start thinking about how you can use AR and VR in your e-commerce business.
- Be ready for Gen Z
With over 60% of Gen Zers already shopping online regularly, it’s evident that this demographic is a force to be reckoned with. To stay ahead of the competition, you must ensure your store is appealing to Gen Zers. This means having a mobile-friendly site, offering fast shipping, and providing a personalized experience.
We are all set to welcome Gen Z as our newest resellers at the Markaz App. We offer a mobile app specifically designed for their easy use, and we offer quick shipping through Trax, MNP, and Leopards. Our app is user-friendly and easy to navigate, and it has all of the features that Gen Z individuals are looking for in an ultimate reselling experience.
Start Your Ecommerce Business Today
Venturing into the world of entrepreneurship can be a daunting task. There are many things to think about and plan for, from finding the right product or service to selling it in a way that attracts customers. This is especially true when it comes to ecommerce reselling businesses.
Thankfully, the Markaz App takes care of all the hard work for you, so you can get started earning money with zero initial investment. We manage every aspect of your business, from inventory management to swift delivery. This leaves you free to focus on what you're good at-selling products! We provide a platform for resellers to sell products from our product catalog and earn as much profit as they want to, as there is no cap on the profit margin.
Why Choose the Markaz App?
- Zero initial investment
- 10,000+ products
- Lowest possible delivery charges (PKR 90) across 1200 cities in Pakistan
- Swift delivery
- Complete profit transferred to your JazzCash and Easypaisa accounts within 48-72 hours.
So why not give us a try today and see how much money you can make? You might just be amazed at what you can achieve. Our resellers make up to PKR 45000 from the comfort of their homes. So, download the Markaz App today and start reselling!