With the e-commerce market going through several upheavals in recent years, it is not surprising that the trends are shifting rapidly.
There is no doubt that the e-commerce sector is creating a huge momentum in the global market.
However, the competitive world of online shopping is getting tougher with more and more companies are looking for a viable model to survive in the market.
To prepare you to cope with the rapid changes here are the three trends that will and is dominating the e-commerce space in 2019:
1.The rise of small-scale businesses
Number of SMEs in ASEAN region will continue to increase thanks to the rapid increase in mobile phone users in the region.
These developments have and will continue to reduce the entry barriers for creative talent into the big and growing world of e-commerce.
2. An increase in the number of ‘hobbypreneurs’
Hobbypreneurs are people who turned their hobbies into a profitable business.
The strengthening ecosystem of e-commerce has enabled and inspired smaller businesses to dream big.
Here’s are 3 Simple Ways To Turn Your Hobby Into Money shared by a 60 years old retired school teacher who has turned her hobby of hand weaving tapestry into an income generating business.
Whether it is the selling organic tea, natural body-care product or hand-made soaps, it can all be sold online.
3. An increase of technological advancements.
There will be more businesses using technology such as Virtual Reality (VR), Augmented Reality (AR) and more.
Machine learning and other facets of AI would also be commissioned to make e-commerce simple and intuitive.
What do you think of the future of E-commerce business in ASEAN? Do let us your opinion in the comment section below.
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