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The Profound Impact of E-commerce on International Trade

Economics / Global Economy Mar 18, 2016 - 02:56 PM GMT

By: Boris_Dzhingarov

Economics

When we consider the effect of e-commerce on the global economy, it is said to be one that is both far-reaching and very influential. E-commerce is a type of trade that has a significant and profound effect for businesses located all over the world, and is more powerful than many different traditional resources which the majority of global businesses have adopted over time. E-commerce has been able to successfully remove the global barriers between businesses and customers from differing countries, helping customers to easily locate and contact vendors with minimum hassle.


Drastic Changes

The impact of e-commerce has brought about drastic changes which have been welcomed by many with open arms. E-commerce has significantly helped the global economy by providing a platform for many entrepreneurs to start their businesses – previously, the only way of starting a business before e-commerce was to open a physical shop, something which is quite an expensive startup cost. Today, thanks to e-commerce, more and more people are starting their own, global businesses with barely any initial capital needed to fund and develop the project. This has been made even more possible by international online selling platforms for vendors, such as eBay, Etsy, Amazon and Shopify – click here to read a Shopify review to discover more about how this type of service works and what it has to offer.

Widening Audiences

Another huge impact which e-commerce has had on the global market and economy is that audiences and customer bases have been significantly widened. No longer is there any need for a business to operate out of a physical office base which covers a specific area only – even the smallest of businesses can now begin marketing to and providing their products and services to businesses worldwide due to the internet and e-commerce making it possible for customers to find anything that they need online.

Marketing

The introduction and rise of e-commerce has influenced how we do everything in business, from the way in which production is carried out to the service levels that businesses are able to operate with. Marketing has also been hugely influenced by the rise of the internet and e-commerce; advertising and marketing is now much more complex, consisting of a variety of different digital marketing techniques in comparison to years back when marketing meant showing a television ad or displaying a poster. Today, the challenge is on for businesses to keep up with new digital trends and technology in order to ensure that their marketing efforts are one step ahead of the competition.

Global Improvement

The impact of e-commerce on the global economy has also helped to affect companies which were once not very economically sound, taking them to the forefront of international trade and commerce.  E-commerce is a service which crosses all economical and political barriers; in turn giving rise to effective marketing techniques which can penetrate global barriers and both small and large companies alike with better sales and profits.

E-commerce is a technological boom, and shows no signs of slowing down!

By Boris Dzhingarov

© 2016 Copyright Boris Dzhingarov - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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