How to Overcome Competition in eCommerce Business?

[Mika]

eCommerce is one of the best ways to make money online or offline. eCommerce means doing business online or selling products and services online to be precise. During the Corna Virus Pandemic, a lot of businesses shut down but eCommerce flourished.

The market for eCommerce is growing tremendously, does this mean you can also make money by starting an eCommerce business?

One of the biggest challenges in the eCommerce business is the competition. Since it is easy to start an online business and startup cost is not much, eCommerce business is very popular, thus, there is a lot of competition. In order to succeed, you will have to survive the competition.

Here are some possible ways to survive the competition.

Instead of selling globally, sell locally, there will be a few competitors

Instead of selling the products, everyone is selling, sell unique products.

 

[Augusta]

eCommerce is one of the best ways to make money online or offline. eCommerce means doing business online or selling products and services online to be precise. During the Corna Virus Pandemic, a lot of businesses shut down but eCommerce flourished.

The market for eCommerce is growing tremendously, does this mean you can also make money by starting an eCommerce business?

One of the biggest challenges in the eCommerce business is the competition. Since it is easy to start an online business and startup cost is not much, eCommerce business is very popular, thus, there is a lot of competition. In order to succeed, you will have to survive the competition.

Here are some possible ways to survive the competition.

Instead of selling globally, sell locally, there will be a few competitors

Instead of selling the products, everyone is selling, sell unique products.

Nothing beats uniqueness if you want to make sales and outshine your competition instead of blending in, you need to stand out. Get a different product and adopt a unique principle to make sales. Avoid using the same platforms for advertising. Just use your own adopted strategies to win sales

 

[btaliat]

It is very hard to see a unique business idea. Before you conceive it, there are thousand of people executing it. The only way to beat competition is not to sell unique products but to make the product unique. Competition to me is healthy because it makes the seller to be more innovative. Running away from competition is like running away from growth.

 

[Fateme azizi]

thank you for sharing.

eCommerce is one of the best ways to make money online or offline. eCommerce means doing business online or selling products and services online to be precise. During the Corna Virus Pandemic, a lot of businesses shut down but eCommerce flourished.

The market for eCommerce is growing tremendously, does this mean you can also make money by starting an eCommerce business?

One of the biggest challenges in the eCommerce business is the competition. Since it is easy to start an online business and startup cost is not much, eCommerce business is very popular, thus, there is a lot of competition. In order to succeed, you will have to survive the competition.

Here are some possible ways to survive the competition.

Instead of selling globally, sell locally, there will be a few competitors

Instead of selling the products, everyone is selling, sell unique products.

1. Understand Your Opponent’s Strengths and Weaknesses
2. Go Several Steps Higher and Beyond
3. Secure a Foothold in the Mobile Marketplace
4. Make Your Delivery Package More Attractive
5. Tap into the Global Marketplace
6. Make Your Prices the Best in the Business

 

[Alexandoy]

Amazon is a giant in e-commerce like Alibaba. You are right that a small e-commerce business should concentrate on the local customers so as to avoid competing with the giants in the industry. When your customers are local then the delivery charge is cheaper aside from the quicker delivery time. That would be your advantage against the big e-commerce sites.

 

[Mika]

You will also have to focus on selling products produced on a small scale compared to mass-produced products. When you sell products manufactured in a small scale, you are also helping local manufacturers. People also like buying unique products and locally manufactured products. You will have to sell different products to compete with big companies.

 

[Abigael]

Those are two very good points to use in coping with competition in e-commerce. Indeed selling locally is so great since you know your audience well and can easily convince them to buy from you. Moreover, you can easily do deliveries within your country or around your town. That makes your customers trust you.

 

[Jasmine]

You cannot compete with stores like Amazon or eBay, however, you can easily compete with home grown ecommerce businesses, especially if there are fewer home grown ecommerce businesses. If there are already lot of online stores in your country, you can focus on specific cities and towns instead of selling nationwide.