Now that the world has been in various forms of lockdown for some time, we’ve started to see some interesting data emerging from consumer activity. This has included product categories that have experienced significant year on year growth, as well as those where demand has totally dropped. We also have access to data showing the products with the highest sales numbers. All this indicates what buyers have been concerned with over the last month.
“If you can spend $1 on Facebook ads and generate $2 of return, you don’t need to worry about money ever again.” I’m not sure who said it, but it was probably some random guy trying to sell a Facebook advertising course. The problem is that you’ve tried it.
A popular technology company that has helped launch thousands of online retail sites has become a favorite tool for fly-by-night businesses looking to cash in on the coronavirus pandemic. New e-commerce sites that use the company's services are filled with wildly exaggerated claims about virus-fighting products that may not even exist.
This article is intended for informational purposes only. For definitive information on COVID-19, please contact health and public safety organizations in your region. This article will be updated as more information becomes available. With the continued worldwide spread of coronavirus, also known as COVID-19, various precautions are being implemented to keep local and international populations safe.
During my time as an ecommerce entrepreneur, I've seen plenty of online stores open with great fanfare, only to fall apart a short time later. I've even experienced a few of these failures firsthand. While there are several potential factors that can contribute to a store's downfall, I've found that many store owners are failing in the same key area: dropshipping.
Ecommerce continues to grow at a breakneck pace, with virtually every business and aspiring entrepreneur trying to make a buck one way or another via digital salesmanship. Nonetheless, certain ecommerce strategies are sounder than others, and some tactics like dropshipping have become less popular over time, thanks to new constraints that make it less profitable.