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COVID-19 Accelerated E-Commerce Growth ‘4 To 6 Years’

digilifeenabled — Mon, 15 Jun 2020 10:46:00 +0000

COVID-19 has massively accelerated the growth of e-commerce, according to an Adobe Digital Economy Index (DEI) report released today.

Adobe’s DEI is a global economic measure for the 21st century that more
quickly, comprehensively, and internationally measures the increasing buying power of digital consumers — with greater detail than any other data source available. You can download the full report here.

Highlighting that total online spending in May hit $82.5 billion, up 77% year-over-year, the report states: “It would’ve taken between 4 and 6 years to get to the levels that we saw in May if the growth continued at the same levels it was at for the past few years.”

Report highlights:

E-commerce: jumped $52 billion
Memorial Day sales: jumped 75% from $2 billion last year to $3.5 billion this year
Mobile’s share of e-commerce: grew from January but not much, up just 10%
BOPIS: buy online, pick up in-store grew 195% in May
Travel: flight bookings tripled from early April to late May

Higher rates of e-commerce and BOPIS (buy online, pick up in-store) may be the new abnormal, Adobe data indicates.

“We are seeing signs that online purchasing trends formed during the pandemic may see permanent adoption,” Taylor Schreiner, Director, Adobe Digital Insights, said in a statement. “While BOPIS was a niche delivery option pre-pandemic, it is fast becoming the delivery method of choice as consumers become more familiar with the ease, convenience and experience.”

Adobe’s DEI analyzes over one trillion online transactions across 100 million product SKUs, the company says.

What people are buying is changing too, perhaps returning more to relatively normal consumption patterns. Electronics and apparel purchases were up 11% and 12%, respectively: we’re working at home, but we haven’t bought new clothes in a while. Pricing is changing though: grocery prices were up 4% in May compared to 2019.

The data is telling us that COVID-19 has simply accelerated the trend of growth in the digital economy that has already been happening for many years. I share more in this short video below:

So if you’re serious about your business, you need to listen to what the data is telling you and be agile enough to act/respond accordingly.

Many people see the advantage of an online business but fail to get started because they simply don’t know where to start, or have a fear of failure. That’s exactly the position we were in which held us back for so long until we found the right education and support network to help us get started from scratch. If you’re ready to explore proven steps with a support network that you can take right now to take advantage of the growth in the digital economy, then Click Here to learn more.

The post COVID-19 Accelerated E-Commerce Growth ‘4 To 6 Years’ first appeared on Digi Life Enabled.

F.O.C.U.S.

digilifeenabled — Mon, 12 Aug 2019 07:22:38 +0000

In our email broadcast last week we shared with our subscribers the testimony of one of our students, Yavonne, who had developed a successful eCommerce business on Amazon around her passion for photography using our Imports Xperts Academy.

What was interesting was Yavonne’s perspective on the word FAIL.

This week I share some thoughts on the word FOCUS with you in relation to starting any new venture online in a short 3 min video:

PLEASE CLICK HERE TO WATCH THE VIDEO

I shot it from our home on the edge of the English Lake District. When you see the video you’ll understand why we have so many lakes here!

If you would like to access our free video training series on starting a business venture online and receive our email broadcasts, then click here to subscribe.

The post F.O.C.U.S. first appeared on Digi Life Enabled.

Inspiring REAL LIFE Stories

digilifeenabled — Tue, 02 Oct 2018 00:01:44 +0000

Last week we shared with you the inspiring online business start up story with you of Tony & Ness Hales from here in the UK.

Despite their world falling apart after a work related injury for Tony, the sole family bread winner, the Hales stepped out of their comfort zone and put their minds to learning new skills from SFM’s ImportXperts team so that they could start their own online business from home.

This week we want to encourage you on your online business journey by sharing another success story, that of Andrea.

In the video below, Stuart interviews Andrea who is one of SFM’s ImportXperts students. Andrea shares her first-hand experience about how she found the ImportXperts process and her subsequent eCommerce success, selling 88 units of her first product within 4 days of launching – and as you’ll hear in the video, she started from scratch having never sold online before (apart from one eBay sale).

As a result of her success, she won all expenses trip paid to China with the ImportXperts team courtesy of SFM:

One of the questions we get asked so often is “If I join SFM do I have to sell SFM products?” and the answer is “No.”

While the SFM products and services can be marketed by members who receive up to 40% commissions on certain sales, and that’s great if you’re starting out without your own product, many members take advantage of the education and mentoring purely for their own product lines, or, like Andrea and the Hales, they’ve taken advantage of the SFM ImportXperts training and now have their own branded product lines which they manage through an agent linked to the product manufacturer.

So please do check out Andrea’s story, and if you’re still undecided about the SFM system, then why not set up your own FREE TRIAL account by clicking here.

You’ll be able to explore the system for 30 days, have a FREE 1-2-1 with a system consultant over the phone at a time convenient to yourself, and if during those 30 days you feel it’s not for you, then you can cancel at any time without any additional cost to yourself.

We share these REAL LIFE stories with you to encourage you on your own journey and to remind you that their success CAN BE YOUR SUCCESS!

Here’s to your online success!

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