By Nic Laschinger, CTO, Euphoria Telecom
Online retail has boomed in the past two years. According to figures released by World Wide Worx earlier this year, online retail more than doubled to R30,2-billion up from R14,1-billion in 2018.
Factors driving this include the move to online shopping spurred by the pandemic and the need for people to stay home. While lockdowns have since eased and growth is expected to be slower this year, online shopping has become a firm feature of many consumers’ lives.
The pandemic has accelerated e-commerce adoption by three to five years’, according to a recent report released by Heavy Chef. Heavy Chef’s research shows that 72% of online shops generate less than R500 000 per year, and 59% are less than two years’ old. Sixty-four percent operate full time and they are mostly female run (63%).
Enabling these businesses to grow requires a mix of technology, networking and educational support. Euphoria was once a small business, and we understand the challenges these entrepreneurs face, particularly in tough economic times.
I’d recommend investing in technology tools that make your life easier, and free you up to focus on running the business rather than working in it. Here are my top three.
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