The pandemic has changed how consumers interact with brands.
The COVID-19 pandemic has sparked an e-commerce boom. It has undeniably changed both business strategy and consumer behaviour.
There was a 58% digital commerce growth in the first quarter of 2021, according to Raconteur Future of e-commerce 2021 infographic.
With the lockdowns forcing all non-essential retail outlets, much vital time has been lost. To combat this, businesses and customers have been driven to conduct most of their trading online.
E-commerce sales have surged over recent months in-store retail trading ground to a halt and consumers increased their reliance on home deliveries.
According to Raconteur infographic, most big purchases start with online research. 69% said, “when planning a big purchase, I always do some research on the internet first”. 64% said “customer reviews on the internet are very helpful” and 38% “I prefer to use my smartphone or tablet to research big purchases”.
Raconteur has gathered the top 10 reasons why global internet users purchased a product while shopping online in 2020.
Global e-commerce revenue is set to continue growing strongly in the medium term and Cubefunder is here to help you and your business.
Cubefunder provides fast and affordable funding for e-commerce businesses.
E-commerce business loans are a convenient and straightforward way to apply for and secure the necessary funding for businesses based online.
A problem that many online sellers and businesses face is that lenders do not understand their specific needs and requirements.
Cubefunder, however, is very different and we understand that not every business has full-time premises and that in the 21st Century, more and more businesses are setting up online with little or no offline presence.
We can help all nature of online businesses including with the funding they need. This includes:
Where many lenders make the process of applying for a business loan as an online business very difficult; sometimes impossible, the Cubefunder way is to make the process as easy as possible for you and your business. This means that you get the space you need to progress and grow your online venture further.