What you think about a store is commonly influenced by what you have seen on TV. Nowadays, the companies are changing their marketing strategies and are selling their products online through a website.
As a result, many retailers are closing down their stores and focusing on digital marketing. This shift was made possible with the help of AI technology. AI has been used to solve difficult problems in retailing such as how to create personalized experience for customers while they navigate through an e-commerce site or how to determine the best time to offer discounts and promotions.
With AI technology, retailers can now present consumers with highly personalized content that will make them want to spend more money. The future of retailing has just started.
The need to keep data and information in the cloud is one of the most important trends we see at the moment. It is not only essential for business but also for consumers. With online stores, you can now buy, sell, and trade anything with a few clicks from your home or office.
It has been seen that more than 80% of people are using online stores to buy goods and services over traditional physical shops. This trend has increased to 85% among first-time shoppers and 65% among habitual shoppers (Nielsen). This is a huge increase which shows how important this channel of shopping has become in our lives.
Online store provides convenience while giving an opportunity to make money with your own business or even help others begin their own business.