By: Digital River
Global commerce is a group of manufacturers who work towards enhancing global commerce and improving consumer value. It involves keeping a track of how goods, services, information, and money is exchanged in a globalized society. Digital River is a company that provides global E-commerce. According to a study, the worldwide retail E-commerce sales totaled $1.86 trillion in 2016 and it is expected to rise to $4.9 trillion by 2021.
Bigcommerce is an Aussie company which provides eCommerce and shopping cart platform for any type of business, from startup to big enterprise.
Magento provides a complete eCommerce solution that helps to increase your sales, attract more customers, and manage your online business.
GoDaddy provides an eCommerce platform that allows you to build online stores easily with a well-designed web templates and built-in payment processing.
The Elastic Path software effectively helps in the implementation of headless commerce.
Drupal Commerce is an eCommerce software established in the year 2011.
Sylius is based on the most popular PHP platform that ever existed, Symphony.
Reaction Commerce is a commerce stack used by brands and retailers.
It is an intuitive screen-printing software and shops management system which lets business that supply...
A Progressive Web App or a PWA is basically a Website, but it gives the...
The company's products are not meant to be used as a substitute for card-based payments...
The tool can be used by users with no prior design knowledge to build attractive...
It improves the marketing of your business...
It offers more than 7,000 free add-ons to enhance the functionality of the software...
Going global has become a necessity with increasing international integration. We are now focusing on borderless business, selling products and providing services beyond national borders. The main aim is to attract customers from all over the world and to gain their trust. This is possible by online sales and marketing. Customers are switching to international brands to meet their needs. This is due to better product quality and service availability. Customers are willing to pay any price to get what they are looking for.
Need and challenges faced
Digitalization is breaking all borders. This is a golden opportunity for businesses to expand their market. The emerging wealthy middle-class consumers are switching to shopping from online merchants. This rapid expansion of E-commerce is bringing in a lot of benefits for entrepreneurs and customers, especially in countries like China, Brazil, Poland, United Arab Emirates, and India, where E-commerce is growing at an unprecedented rate. However, global E-commerce presents major challenges – choosing products that are suitable for the overseas marketplace, making the products look appealing to the customers, managing payments, shipping of products, managing the profit margin after cutting the tax costs.
Foundation for a strong E-commerce network
This requires taking into account – a local market trend of each country, technology adoption, delivery, financial structure, import taxes, and government restrictions. Countries all over the world speak different languages. For expanding your network internationally, adopting different languages becomes a necessity. Another good idea would be looking into a market where English as a second language. For establishing yourself in the market, your payment system plays an important role. Therefore, it is necessary to adapt to local payment preferences. In the end, a major factor in customer satisfaction.
Digital river – Global e-Commerce
Digital river helps build your store quickly and accelerates global expansion. The Digital river focuses on Commerce with Accountability. It provides global E-commerce with salient features as – multi-currency support and conversion, tax calculation and management, fraud screening and liability guarantee. Digital river gives us the benefit of local acquiring, offering the right local payment method.
Company Name: Digital River