Ecommerce Industries will Continue to Grow
Trending E-Commerce industries
Initially internet showed a lot of potential with a variety of new companies , these were innovative business ideas focusing on a specific niche industry that grew quickly with time. And, now mid-way through 2020 coping with the coronavirus crisis, there are a number of E-Commerce niches showing considerable promise. We have specialized in some of them to offer our clients unrivalled advantage thanks to a well structured set of checks and balances that can develop any firm to perfection without the hustle of trial and error.
PRIMARY E-COMMERCE SECTORS
WE OFFER SERVICES FOR
E-Learning
These brands have realized their true potential and are keenly investing for the future of ecommerce growth.
Amid the crisis when traditional learning is no longer feasible, teachers worldwide are looking for a safe and sustainable income source. And the E-Learning marketplace offers just that.
Online learning, once dubbed as an impractical alternative, is now a reliable medium for professionals to teach and earn a sustainable revenue. With a huge market base (currently expanding).
Retail
As physical retail stores were shut amid lockdowns, the retailers moved to sell online to revive their revenue stream. Digital transformation – a process that usually takes years for an ecommerce business happens in weeks. And now, as restrictions are being lifted, consumers are still hesitant to go outside. They are more likely to continue ordering online since it is relatively safe and more convenient. E-Commerce retail has often been a go-to business idea for many entrepreneurs and businesses. And, now amid the chaos, starting an online retail marketplace makes more sense.
Grocery
the majority of customers picked out groceries themselves purely because they prefer to physically see groceries before buying and partly because the delivery fee was too expensive. COVID19 has altered consumer habits and changed priorities as grocery retailers face the new eCommerce reality. In a bid to survive amid this crisis, grocery stores are finding ways to get online and keep the business running. Buy online, pick up in-store – another popular practice is being widely followed among retailers. And grocers that fulfill most customer demands and retain their consumers throughout the crisis will likely lead the industry. The online grocery niche is showing great signs of growth and will continue to prosper even after the pandemic subsides.
Food delivery
For decades, food ordering and delivery has been a popular service among consumers. Initially, the restaurants took orders on call, and now we have internet marketplaces with instant delivery operations. The utter convenience of ordering your favoUrite food online and receiving it within minutes has changed the industry dynamics completely.
Even amid the chaos due to COVID, food delivery continued to thrive simply because the service is fundamentally essential and the ecommerce model was already well-established. The only major change was the adoption of contactless payment and delivery options.
Amid strict restrictions and closure of dine-in operations, online food delivery was the sole revenue source for many eateries and restaurant chains.
Rental
Another reason for the continued growth of the online rental market is the emergence of new rental services like:
- Gym equipment rentals
- Video game rentals
- Furniture rental marketplace and more
People confined to their homes hesitant to go outside are more likely to rent products or equipment (like the treadmill). The pandemic has paved the way for new rental marketplaces businesses to cash-in. And, considering the current crisis with an unstable global economy, renting is actually a smart choice with many associated benefits.
WHY OUR ALL-IN-ONE E-COMMERCE SOLUTION IS THE BEST OPTION
For many companies, going live isn’t the glorious, revenue-driving, self-vindicating moment they dream of. In fact, it could be the exact opposite.
Being too occupied with development prevents software companies from giving their go-to-market strategy the attention it deserves. And instead of celebrating their hard work and success, many companies are often forced to hold their breath as they take their product to market with a hastily assembled DIY ecommerce platform that consists of only the bare minimum functionality and features.
In reality, an unreliable ecommerce solution will largely contribute to lost revenue on your ecommerce site. Wrestling to piece together multiple point solutions strips your business of valuable resources that could be best focused on improving your business’s core metrics.
Like most software companies, your company always wants to lead with your best foot forward. Here’s why an all-in-one ecommerce solution is your best option for protecting your company’s bottom line and streamlining your entire ecommerce experience.
OFFERING UNFAIR ADVANTAGE
1. Simplified Maintenance:
Running an effective ecommerce business means having the time and resources at your disposal to gain maximum exposure for your product. Development and support teams shouldn’t be occupied with keeping working parts of your online store intact; instead, they should be coding and testing the next iteration of your product
2. Superior Flexibility:
Harvard Consulting Service’s platform helps circumvent these issues by empowering your software company to build ecommerce experiences that are tailored to meet your exact needs. You have the luxury of delegating the most crucial tasks your company should master to a firm that is structured for one and one goal only. Bring results.
4. Advanced Security:
A common misconception about outsourcing environments is that they’re unsafe – especially for ecommerce. As outsourcing becomes the de facto means of building networks, older legacy configurations will stagnate and fail to deliver on comprehensive security measures.
4. Eliminates Back Office Administration:
Once a customer clicks on your checkout button, a series of processes kick into action. These include order fulfilment, product delivery, chargebacks, taxation compliance, and customer inquiries.
Does your company have the assets and, human resources to support these necessary functionalities?
As stated, as a leading ecommerce platform, we come equipped with both the technology and human expertise to manage the daily functions of even the busiest company.
5. Cross-Platform service:
Outsourcing your back office administration to a trusted ecommerce partner frees up valuable employee resources. Allowing experts to handle the complexities involved in cross-platform advertisement campaign management, for example, frees your resources up to promote, develop, and improve your company’s product further, instead of taking a crash course in advertisement compliance.
We offer an all in one solution that has proven over and over how a solid team can work in unison to balance the creative and technical side of business.
6. Action to the Words:
Building a great company is undoubtedly the main objective for any firm – and rightly so. But what happens after you’ve nailed your software and need to bring the product to market and begin selling to customers? Harvard Consulting alleviates the infrastructure and administrative headaches of busy companies, so they can focus on running their business. Our all-in-one platform brings together the software applications you love the most while making sure that your infrastructure is built for tomorrow’s demands.