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Over the last few years, we have witnessed a phenomenal increase in niche marketplaces in the E-Commerce secto have an across the globe audience which augers well for your business.
But the basic questions remains – What is the future of these online marketplaces? Are we on a roll? Or, is it another bubble just about to burst?
We strongly feel positive about this trend.
This is why :
1. The big markets for E-Commerce (United States, India and China) are inherently service oriented economies. US has 60% of the population on service secto settle the debate. But let us look at some more points.
2. Marketplaces are the only places in the world where both buyer and seller needs are taken care off. The most interesting part is striking out a balance between making your store buyer oriented or seller oriented.
– if you make your store seller oriented, you have a huge portfolio after a defined timeframe.
– if you make your stomers’ demands.
Each one satisfies a unique case. So, having a balance of these two perspectives makes your business quite fail-proof(at least on concepts). This makes us more optimistic about the fundamentals of these businesses in future.
3. Now here, the fundamental aspect of demand comes into be a quantitive one at the macro level. This surely is fodder for exponential increase of online marketplaces!
4. From the qualitative aspect of internet at the macro level, lots of countries are way behind others. This itself provides mass opportunities for frugal innovations (like light extensions that work with slow internet connection).
E-Commerce is the most happening secdown in future. So pull up your socks and lets move with the wave!
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