Emotions emulating e-commerce. A overview of the e-commerce future.

Going shopping; Get the e-commerce popping;

Whether you be on the air or in the sea

or on the road,

shopping is - a la mode;
Get your products by drone dropping,

When VR and AR*

rules the future e-commerce shopping.

(*VR - Virtual Reality, AR - Augmented Reality)

Date: 12th August 2030 (Monday)
International Youth Day (by UNO)

Mr Future started his day by hearing the wakeup call from the Chatbot Alexa. He had his bath and started to prepare the morning coffee with milk. He remembered that the coffee granules and milk have exhausted.

He walked to the front door of the house and opened, to find the Milk bottle and a carton of coffee granules waiting to be picked up. (ordered by his fridge through the Internet of Things (IoT) and dropped at his doorstep by the online market, delivery DRONE).

This day is special to Mr Future since it is his fiance Miss Reality's birthday. He has to present her something very special.

He picked up his mobile and spoke," Hi Siri, Get some new style garments from the online market for my fiance Miss Reality."

Siri contacted the e-tailing store and an AI-powered Chatbot answered the call and chat further. Siri was asked by the online market Chatbot to switch on the mobile's Augmented Reality App.

There appeared in the middle of Future's living room the holographic figure of Miss Reality. The online markets Chat-bot started its sales talk and started changing different garments on Miss Reality's holographic figure.

Mr Future called out - "that is that butterfly garment, the second one." - the garment of his liking and ordered. The online store Chatbot voiced "Your order for garment acknowledged."

By the time Mr Future finished his breakfast there came a voice message through his mobile -" Hi Future, Your purchase of garments delivered now at your doorstep by our drone."
- An imaginative futuristic situational story.

Dear Readers, The above illustration and the futuristic situational story present to you the wonderful scenario of the future e-commerce. Technologies shall be having their transformative influence on future e-commerce.

Emotional and Personal touch coupled with the feel of the brick and mortar stores brought out with the help of new technological innovations would be the key factors of the future e-commerce.

If we delve deep and analyse the above scenario we could find a lot of technological innovations involved in the scene.

1. Chat-bot,
2. Data Analysed by Artificial Influence,
3. Siri - a chatbot,
4. Beacon Technology - Blue Tooth Low Energy Beacon,
5. Delivery by Drone,
6. Internet of Things (IoT),
7. AI controlled chatbot,
8. Augmented Reality projection by Smart Phone,
9. Voice of the chatbot and the display runs

through the Augmented Reality projection.

In all the things mentioned above, we can see that the Artificial Intelligence is playing the 100% vital role in analysing and guiding the decision making, inventory managing and delivering the products. - i.e., matching the buyers and sellers, facilitating transactions and providing institutional infrastructure- all automatized.

Dear Readers, the day is not far off that every seller - from startup to conglomerate shall be adopting the AI in their future e-commerce business.

SELLinALL the wonderful rugged software has been developed especially to meet out the challenges of the huge volumes of business data of the successful online sellers. It shall be taking care of 80% of their needs, to lead their business to greater heights.

5 Major challenges faced by e-Commerce sellers and ways to overcome it!

Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion before 2025. Southeast Asia’s digital economy is forecast to triple its size in the next 5 years. Read more on the challenges faced as a seller in the E-commerce marketplace, to help you decipher and be part of this immensely growing economy. E-commerce stores are on the rise due to a numerous reasons. As far as market association is concerned, E-commerce sites already have an existing network of buyers. So, selling your products becomes relatively easy as branding and advertising is already taken care of.As Sigmund Freud 's had rightly said “ I carefully consider my decisions as everything comes with pros and cons! ” Marketplace Management When it comes to South-East Asian E-commerce market, the most underestimated struggle is Fragmentation i.e. there are a number of e-commerce platforms in ASEAN countries attracting significant traffic, making

What you need to know about Gross Merchandise Value

Gross Merchandise Value (GMV) is defined as the gross sales revenue generated over a period of time by an e-commerce platform before any deduction for fees or commission . It is used to track the growth rate of an e-commerce business since it measures the value of the total merchandise that has been sold through the site for a specific time period, quarterly, bi-annually, or annually. Gross Merchandise Value = Number of Goods sold x Price of goods sold This metric is useful for e-commerce businesses that buy and store the merchandise from suppliers and delivers to customers when purchases are made. However, it cannot be used as a standalone metric for all online retail platforms. For e-commerce sites that operate as a Customer-to-Customer (C2C) business, they do not physically manage the goods. The total commissions generated and accrued expenses, such as delivery fees, advertising, return expenses incurred are more important to track for this business model. This is also known as Gro

Buy Online, Pickup in Store

A National Retail Federation study on Consumer Views in late October 2019 revealed that70% of the survey participants would pay for a Buy-online, pick-up-in-store service (BOPIS). BOPIS has emerged as a convenient option not only for consumers but retailers that invested in brick-and-mortar stores. Growth in online retail sales was overtaking traditional brick-and-mortar retail before the pandemic and BOPIS was being adopted by top retailers. With the onset of the pandemic in 2020, a Digital Commerce 360 survey in late 2020 showed results that 43.7% of the top 500 retailers with physical stores were offering BOPIS — up from 6.9% before the pandemic started. BOPIS, also known as click-and-collect or curbside- pickup provides a safe, contact-free way to shop online and pick up the ordered items. In order to implement BOPIS, a retailer needs to implement the following tools: 1) A website or app where customers can shop and place orders for the products online 2) A brick-and-mortar locatio