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Feb 10, 2023

1) Online vs. In-Person Sales

Prior to analyzing trending sales on the internet it is possible to wonder if e-commerce is the right direction for you. Based on studies such as the Quarterly Retail E-Commerce Sales Report of the Department of Commerce, online sales have been increasing steadily all through 2022. This growth continued to increase even after the pandemic restriction for shopping in-person was removed completely. These trends are likely to remain until 2023 or later.

What is this implying for creators of content? If you're planning to start your own online shop after the revenue is starting to come into your account, E-commerce is likely to bring in more stable revenue over time. The internet also provides creators with a variety of advantages. These include:

  • Benefits of overhead: Retail shops could be costing hundreds of dollars a month in rental, utility equipment, maintenance and staffing. In addition, you could be a part of a reliable selling platform online (like ) for a cost that is less than.
  • The effort and time required to set an online shop can be costly, time-consuming and complex. These challenges make it easy for people who create content to get overwhelmed and avoid initiating. With a reliable eCommerce platform that you can get the right tools and assistance you require to start selling your products online immediately.

It is essential to earn money so that you can earn income through your job. What are the methods content creators are making cash? Our Content Entrepreneur Benchmark Research offers insight that can help you identify the most profitable channels for your company.

3.) Take a look at the fashions in 2023.

The patterns for checkouts will be likely to keep growing until 2023. A variety of creators might consider online shopping platforms offering customized and automated checkouts.

4.) Streaming Sales: The Rise of Live Commerce

Influencers and creators of content understand the power of buying that social media has. As such, these individuals can benefit of the most recent developments in sales, which is live commerce.

Live commerce is the practice of urging viewers to purchase items shown on livestreams while they watch. With the help of hyperlinks to product pages as well as the automated checkout method, buyers are able to purchase items during livestreams.

Based upon Statistica Livestream sales were responsible for 17 billion dollars of revenue in the US by 2022. The company expects the figure to increase by three times in the coming 3 years. With the help of livestreams and influence, you'll be ahead of the trend to 2023.

5) Most used payment methods

  • Debit and credit cards more conventional payment methods are becoming less popular in favour advanced alternatives but debit cards and credit cards still top the charts. Based on data provided by WorldPay Credit cards will become the main source of 20.8% of e-commerce payments by 2024. Meanwhile, debit cards will comprise 12.0 percent of all internet-based transactions.
  • Payments via mobile apps provided by Insider Intelligence suggests that the 2023 year-end markets are estimated to be $1.152 trillion via mobile payment appslike PayPal along with Zelle. Mobile apps that accept payments with no support could cause your business to be inaccessible to important transactions.
  • Mobile wallets like Apple Pay, Google Pay, Samsung Pay, along with other mobile wallets have witnessed a massive increase in their popularity over the last few years. Secure and simple transactions will account for 51.7 percent of all electronic commerce transactions in 2024.
  • BNPPL Buy now and later pay (BNPL) Payment options are growing in traction. One example can be Klarna which is an BNPL platform that splits purchase into four payments that provide zero interest. Afterpay as well as Affirm are both major players in the same sector. Based on Juniper Research, the e-commerce market had over 360 million BNPL customers in 2022. The number of customers is projected to overtake the number of 900 million by 2027.

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