E-commerce is now at the forefront of retail, courtesy of COVID-19. Prior to the pandemic, the global rate of growth for online sales was a consistent 4.5 per cent each year. However, the last few years have seen a significant shift in the retail environment, primarily due to public health-related movement restrictions and a growing consumer inclination to avoid physical storefronts.
In general, businesses that were able to adapt to digital platforms prospered, while conventional merchants with poor online strategies declined, with numerous well-known ones even declaring bankruptcy. The expansion of digital financial services offered to consumers and small businesses today is a result of e-commerce growth. And one such name in the forefront of the e-commerce revolution is LivShop. The product from Synctric is a technology company that helps its clients, particularly SMEs, local businesses, and brands, make payments easily and reduce charges to increase their ROI.
LivShop is a digital product enabler that aids product sellers aiming to establish, promote, and grow their physical and online businesses. More than 30 firms — like 3M, Aeropostale, Allen Solly, Bata, BodyCraft, Big Bazaar, Behrouz Biryani, and Big Basket — have now joined forces with LivShop to give customers an even better online experience. As more people go digital, the partnership with LivShop helps manufacturers give users a better experience. By working with these well-known companies, LivShop is able to offer its customers an even wider range of goods and services.
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This platform for buyers and sellers was introduced keping the growing demand of digital consumers in mind. As businesses and business transactions go digital, it is now essential for firms to establish a solid reputation online. With Synctric's LivShop, companies that could previously only sell their products locally, can now sell their goods online.
LivShop helps sellers carve out a niche for themselves in the online market and builds, markets, and scales their digital enterprises to increase sales and profits. Both independent sellers and resellers are permitted by the site — which benefits both parties. Companies can list their goods for sale at LivShop, and the platform aids them with marketing their goods. Alongwith this, LivShop is able to turn a profit by assisting companies in establishing their brand presence.
For sellers, this online marketplace offers all-encompassing solutions that support the development of wonderful B2C consumer experiences. The vendors who list their goods on LivShop also have the chance to provide their loyal consumers with a large selection of coupons, gift cards, and digital cards.
As economies transition from a cash-centric approach to one fueled by technology, it has become crucial for companies to market their business online. In such an environment, LivShop intends to work with additional brands in the future to give users more options, and loyal consumers with an even greater variety of goods and services. In short, LivShop gives companies a fresh chance to grow and succeed.
(Above mentioned article is a Consumer connect initiative. This article does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever.)
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