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Showing posts with label Merchant. Show all posts
Showing posts with label Merchant. Show all posts

Investing Is For Everyone, Here's What You Need To Know

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Social security isn’t going to run out, but its numbers fluctuate and there’s no telling how much it will pay for retirement. It only brings in about 75 percent of what it’s intended to pay out each year, which could leave you with less than you’re hoping for. 

Investing Is For Everyone, Here's What You Need To Know

That’s why you need a well-rounded and diversified investment portfolio regardless if your income is low or high. The following lists the various types of investment opportunities available to you, and the importance of using an investment management company to help you ensure long-term success.

Stocks, Bonds, and Mutual Funds

Stocks and Bonds are not similar. Stocks allow you to buy your way into company ownership. Bonds allow you to lend your money out and receive interest and the eventual repayment of capital. Mutual funds combine both stocks and bonds and they’re managed by third-parties. It’s important to choose an investment management company that understands risk. For example, Shailesh Dash, named one of Forbes’ “Top Indian Leaders” in 2015, uses “Fundamental Analysis to Identify Value.”

Analysis is everything, and it’s going to ensure that outcomes are fully researched. This ensures a successful long-term return with fewer risks. Not all management companies are created equal, and not all are so homed in on risk and reward. Even if you’re only investing in your 401k, it’s important to research your management company to ensure they’re doing all they can to protect and grow your money. 

Real Estate 

Home ownership is important, but mortgage debt can hold you back in life. The secret to successful real estate investing is to not live outside your means, and don’t mortgage yourself to death. If you’re considering purchasing your first home, you may want to own a duplex. Live in one side and rent out the other; or, continue to rent and rent out both properties.

Here are a few more ways to invest in real estate that is growing to be a profitable market:

 Senior and disability-friendly apartments/homes.

 Off-campus homes for students.

 Off-base military housing.

 Low-income and halfway houses.

On his LinkedIn page, Shailesh Dash recommends that you utilize a qualified management company to evaluate and optimize your real estate portfolio. This is a good advice, because it minimizes risk and maximizes reward. You’ll receive a “Full Spectrum of Debt Management… including Acquisition Finance, Debt Restructuring, Strategic Debt Financing, and Coordination of Bank Syndicates.” As well as your assets will be evaluated, your transactions structured, and more.

Alternative Investments

Alternative investments are any investments that don’t fall into the traditional category of stocks, bonds, and cash. Real estate is considered an alternative investment, but it deserved its own space on this page, because it’s one of the best ways for lower income individuals to build wealth. Other examples of alternative investments include wine, art, precious metals, hedge funds, private equity, and venture capital. 

If you're interested in reliable investments for retirement, certain collections are always a great choice. For example, silver and gold are two things you can always buy low and sell high. The secret is to know when to buy and when to sell. Don’t just buy silver now because you have some extra money; instead, place that money into a savings account and wait for silver to go down. Luckily, there are lots of places online that monitor the prices of silver and gold and can help you make a good decision of when and where to buy.

As far as investing, it’s never too late to start. But, the earlier you start the better. No matter where you are in life (in college, in debt post college, or middle-aged), investing in your future can only help you. Talk to a money manager now, and you can start putting away what you need to have a carefree retirement. 

Looking forward to your comments.

*by andreascy*

Why Silver Should Be Part of Your Portfolio

Description :

You have heard the debate over silver. One side says buy silver as a hedge against inflation and a protection of your assets in the event of a financial crash. The other side says that silver has no real value because it is just a metal that sits around collecting dust – i.e., you cannot use it to buy a loaf of bread. So which side is right? Is it smart to buy silver or not?

Why Silver Should Be Part of Your Portfolio

Every successful investor knows that the foundation of success is diversification. In other words, you do not put all your investment eggs in one basket. If you do, you are risking losing everything. Diversification reduces risk by putting your money in multiple vehicles that are likely to react differently to market forces.

The question of whether to add silver to your portfolio or not is based partly on the idea of diversification. But not just diversification as a means of protection. Diversification can also be a means of growth as well. That growth potential is why you should buy silver.

Find a Good Ratio

Before explaining how diversification can produce growth, talking about finding a good ratio is appropriate. The ratio of silver to the rest of your investments is a question a lot of inexperienced metal buyers struggle with. The general rule is to base silver on the amount of money you have in bonds and annuities. The ratio is 10 to 1. Every dollar in silver should be offset by $10 in bonds and annuities.

What if you do not have bonds or annuities? What if you only have stock holdings? The 10 to 1 ratio still works, but you will have to find something that makes you comfortable. The thing to understand is that your silver holdings should be a significantly smaller allocation that provides security over quick returns.

Moving on to growth, do not be fooled by the current illusion that investment in silver is short-term only. That thinking is based on the annual cycle gold and silver tend to follow. That cycle dictates that silver peaks in April, falls between May and June, stabilizes in July, and begins to pick up again in December. The cycle has little to do with long-term silver holdings.

Using Silver to Fund Growth

Silver and other precious metals are commonly promoted as a hedge against inflation. That is absolutely true. But that brings us back to the argument that you cannot use silver to buy a loaf of bread. To have any real value, you have to buy silver at a lower price and then sell at a higher price so that you have cash to purchase what you need. Therein lies the secret of using silver to produce growth.

Right now, we are seeing a concerted effort by central banks to devalue currency. Why? Because they are trying to spur positive inflation. Remember that inflation can be both good and bad. It is bad when income does not keep pace; it is good when it encourages economic activity by giving businesses more cash to work with.

There are three reasons central banks devalue currency as a way of producing good inflation. The first is to boost the value of exports. When a nation's currency falls, the cost of its exports to foreign markets also falls, making them more attractive to consumers. This increases demand, which then spurs growth at home.

The second reason is to reduce trade deficits. Increased exports occur alongside decreased imports when currency is devalued. Trade deficits begin to shrink in line with the balance of payments as a result. Once again, this encourages economic growth in the country where currency is being devalued.

Finally, currency is devalued in order to reduce the amount of interest nations pay on the money they borrow. This has less of an effect on stimulating the economy, but it does help some.

The point of all this is to say that if you buy silver at the same time currency is being devalued you are essentially getting in at the low point. The value of silver will only climb as currency goes lower and good inflation takes hold. Bear in mind that this is no short-term strategy. It takes several quarters of persistent currency devaluation to realize growth potential from precious metals like silver.

Selling Your Silver

Assuming you buy silver now to take advantage of currency devaluation, when and how do you sell it? That depends on how long you want to hold on to your investment. One way to look at it is to play silver and gold together. Their growth rates tend to rise and fall inversely.

You could buy silver now and then let it ride to the end of the year. Silver should peak somewhere between December and April of next year, at which point you could sell just enough to cover your profits while leaving the original amount in your portfolio. Take that profit and purchase gold instead. Ride the gold until the difference between the metals peaks, then take the profits from gold and put them back into silver as the difference corrects.

The Best Places to Buy Silver Online

  Money Metals Exchange - https://www.moneymetals.com/buy/silver


This Year Might Be Different

The point of all the information provided here is to suggest that 2017 might be different compared to what silver has shown us the last couple of years. There are a number of strong signs that indicate silver is not going to sharply decline as it normally does. There is a reason companies like J.P. Morgan are aggressively increasing their silver holdings.

Silver could be on the verge of a big run-up thanks to global currency devaluation, improving European and American economies, and all the optimism displayed since the election of President Trump. There is no guarantee that silver will boom in 2017, but it is not likely to bust either.

Silver should be part of your portfolio because it affords growth opportunities. If you don't have any, there is no better time to buy silver than right now.


For anyone who wants to connect with me, I'm on Twitter. Would love to hear from you!

*by andreascy*

Bitcoin Phenomenon: A Bright Future or a Growing Bubble?

Description :

Happy Mother's Day, everyone. "Mother love is the fuel that enables a normal human being to do the impossible" ~ Marion C. Garretty 

Wishing you some peace and serenity this coming week. As you must have noticed, I've been MIA (Missing In Action) for a while and that's because I've been busy with my team finishing another project we took on. Exciting things are happening! Want to know more? Subscribe for future updates

Now... Let's talk Bitcoin! Have you heard about it? Yes? No? Ok. 

Bitcoin Phenomenon: A Bright Future or a Growing Bubble?

The idea of Bitcoin was introduced by it's founder, Satoshi Nakamoto, the face behind the world's most successful digital currency, with transactions of nearly $500 million a day at its peak. The Bitcoin system is not controlled by any organizations and it's concept is hard to know. 

Bitcoin Phenomenon: A Bright Future or a Growing Bubble?

Satoshi launched a peer-to-peer payments system (kind of like BitTorrent) in 2009 with the goal that it would deliver a borderless digital cash without the supervision of any government, and no central info would follow the transactions. Bitcoin, a substitute currency that does not exist physically, has become the talk of the economic world as people lose faith within the monetary unit and other different traditional currencies (Euro, etc.). The digital currency created and utilized in the system is also known as virtual currency, electronic cash, or a crypto currency, as cryptography is employed to regulate it's creation and transfer. Bloomberg Businessweek calls it the "anarchist crypto-currency".

The strained rise-and-fall of Bitcoin has multitudinous stories explaining why the net virtual currency could also be a classic bubble. But the Bitcoin development is over a bubble, and it has risen to such high numbers, because it's an uncomfortable combination of commodity and currency. The commodity value of bitcoins is rooted in their currency value, but the more of a commodity they become, the less useful they are as a currency. Bitcoins have skyrocketed in value: back in 2010, one Bitcoin was worth four cents. In line with Mark T. Williams (Boston University, School of Management), Bitcoin is over seven times as volatile as gold and over eight times as volatile as the S&P 5 hundred.

One factor is enough to destroy the future of the worldwide economy. You’ll be ready to create the coin by "mining" it online. It takes somewhat advanced algorithmic computations on your system to do it, so the overall public is not obtaining yet any Bitcoins. 

Bitcoin Phenomenon: A Bright Future or a Growing Bubble?

You can pay with Bitcoins on sites like Pizza For Coins, which might take your Bitcoin payment, and place your order with Domino's Pizza (DPZ +0.10%). Bitcoin uses public-key cryptography, during which a public and a private cryptography secret is generated. Risk of stealing could be reduced by generating keys offline on associated uncompromised systems and saving them on external storage devices or paper printouts. 

Growth of Bitcoin funds is predefined by the Bitcoin protocol, and through this approach, inflation is restrained. Presently, there is a unit of over twelve million Bitcoins in circulation with an approximate creation rate of 25 Bitcoins every 10 minutes. The entire offer is capped at the arbitrary limit of 21,000,000, and in every four years the creation rate is halved. This means new Bitcoins will still be free for over one hundred years.

Bitcoins may be bought and sold out from individuals and companies for many totally different currencies. The fastest way to get Bitcoins is a local face-to-face cash transaction and wallet-to-wallet. Some investors, like Peter Thiel (Founders Fund) who invested US$3 million, did not purchase any Bitcoins but instead funded Bitcoin infrastructure, like Bitcoin exchanges, companies that supply Bitcoin payment systems to merchants, etc. Some other investors, in addition, invest in Bitcoin mining. Bitcoin ATMs allow Bitcoins to be purchased for cash, and they allow cash withdrawals from Bitcoin wallets on phones. 

Bitcoin Phenomenon: A Bright Future or a Growing Bubble?

Bitcoin payment fees as a unit of measurement are typically not up to those of credit cards or cash transfers. They are a hedge against almost all currencies. "The bitcoin bubble is about to wipe out some very gullible nerds" as tweeted by CNBC's John Carney. Another Twitter user delineates Bitcoins as 21st-century "tulip bulbs". Bitcoin detractors and supporters have urged that Bitcoin is gaining quality in countries with problem-plagued national currencies, as an effect of it that ought to be utilized to dodge expansion, capital controls, and global approvals. As an example, Bitcoins are used by some Argentineans’ as an alternate currency to be utilized to evade swelling, capital controls, and universal authorizations. 

Francois R. Velde, a senior economist at the Federal Reserve in Chicago, represented it as "an elegant implementation”. Economists Brad DeLong and Paul Krugman have found fault in Bitcoin, asking about why Bitcoins need to be a reasonably stable store of value or whether or not there is a floor on their price. Social scientist John Quiggin has criticized Bitcoin as the final refutation of the economical market hypothesis.

Bitcoins become connected with online criminal behavior and questionable cyber-criminals. Used to amend online transactions, Bitcoins are appropriated once dark web black markets are shut down by authorities. This association with criminal activities has stigmatized the currency and attracted the attention of financial regulators, legislative bodies, and enforcement agencies. Criminal activity involving Bitcoin has foremost been targeted on stealing the currency, concealment, the use of bonnets for mining, and conjointly the utilization of Bitcoins in exchange for ill-gotten things or services.

Bitcoin Phenomenon: A Bright Future or a Growing Bubble?

In Oct. 2013 the FBI (the primary law enforcement agency of United States Department of Justice) closed down the black market (for illegal drugs) and seized 144,000 Bitcoins, worth close to $28.5 million at currency exchange rates. Also in December a McAfee survey found that a ten-fold surge in the last quarter in the number of cyber attacks - significantly ransom-ware wherever data cannot be accessed until a payment is received - had been driven by rise of Bitcoin usage.

It seems clear that there are places where Bitcoin has the potential to cause some serious problems to the financial industry. I wonder if it will ever receive a critical mass of support from vendors/investors to reach the circulation levels of the world's major currencies. Although it is rough for Bitcoin right now as regulators are not sure what to do with it, i still believe it's here to stay (unless you turn off the Internet).

Update As Of 16th of June, 2017 

The most recent update on Bitcoin fortune's, comes only a day ago. It seems that the news is not all good as following an all-time highs over the past week, Bitcoin - alongside Ethereum - saw a dramatic fall of 25% on Thursday, leaving investors and blockchain enthusiasts puzzled. According to Coinbase, a major cryptocurrency exchange, Bitcoin price fell as low as $2079. This is quite a noticable drop, almost 30% compared to the record high $3,000 milestone reported last weekend. Since the steep slide, the renown digital currency stormed back, experiencing a rise, currently trading up at around $2500-$2540. Investors do feel the heat and are called upon to make important decisions as to whether they need to sell or buy. Still, it remains to be seen what the future holds as economists and financial experts hold contradicted views on the matter.

(Disclaimer: All information is provided for educational purposes only and should not be relied on for making any investment decisions.)


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*by andreascy*



How To Use A Promo Code When Shopping Online

Description : 

Many people now use coupon code websites when shopping online, but how about those who don’t?

How To Use A Promo Code When Shopping Online

Here is a handy guide that tells you how they work, how you should use them, and how to see if they are working or not.

Different Types of Online Promo Codes

You will find two main kinds of online promo codes when shopping on the web. The first is known as the “promotion code” or “coupon code”, whilst the other is really just a "link only" promotion. Most online retailers will offer you either kind when running online promotions.

How to Redeem a Promotional Link 

A linked coupon doesn't have a real promotion code to activate the promotion, but rather a unique link. Whenever you follow the link towards the online shop, you're going to get the discount instantly once you land on the retailer’s website. 

How to Redeem a Promo Code Coupon 

With respect to the merchant, you will find a couple of different places to go when looking for new promo codes. In some instances, the coupon can be redeemed whilst in the shopping cart page. In other cases, the coupon is applied around the order review page just before checkout. Browse around carefully for that coupon "submit" area the very first time you buy from any website. 

What if You Can’t Find Where to Paste the Promo Code? 

Check if the website includes an FAQ page that provides you with more information. On many occasions you'll find it on the Customer Support pages too. If you can’t see it anywhere on their website, call and request that the merchant starts to use and publish online coupons. 

How to Know if a Promo Code is Working? 

Normally the merchant has a page showing just how much you're being billed for, just how much has been reduced since you pasted in your promo code, and then any shipping costs that might be applied.

How To Use A Promo Code When Shopping Online

This will display on the final purchase page before you decide to submit payment. Should you paste in the promotion code and don't see the discount being applied, then don't place your order or pay. 

How to Know if a Linked Promo is Working? 

On most occasions a linked promotion will link you straight into the website product page that's being marketed at a special cost - or even a new page that applies the discount for you. 

Why Might a Promo Code Not Work? 

Many online retailers will decide not to include a expiry date on codes in order to help them to monitor the promotion once it has been used. This means that the Internet retailers can change or discontinue any promotion at anytime. Should your coupon not work then it is advisable to search for a different one using some of the several coupon sites available. Calling the merchant to complain will usually not make any real difference. 

Is it Possible to Double-Up Promo Codes? 

Generally speaking, most online promo codes specify that just one promotion may be used per transaction or per item bought. Make sure you search comprehensively to find the best one to suit you and your shopping needs. 

Don't forget to follow us on Twitter and show your love like always! Feel free to share this article with your friends. 💗😎

*by andreascy*

Discover Nearby: Forming Web Develops a Next-Gen Scouting with NFC & GPS

Description :

Hey there fellow hustler, Andreas here. As the Founder & CEO of Forming Web, I'd like to announce "Discover Nearby", our revolutionary and next-generation NFC (Near Field Communication) and GPS based scouting service. 

Discover Nearby: Forming Web Develops a Next-Gen Scouting with NFC & GPS

Search no more! Discover places near you, purchase any available product or service online or from your mobile phone! 

Everything Around, Closer To You 

Discover Nearby will allow users to easily browse, select and purchase food and other items. Either through our new map interface, or convenient favorite listings and popular browsing options, Discover Nearby turns shopping into an entirely new experience.

Discover Nearby: Forming Web Develops a Next-Gen Scouting with NFC & GPS

Our homepage and mobile application will feature up-to-date listings of current deals and offers - many of these offers will be available exclusively through Discover Nearby! With Discover Nearby, you can easily: 

- Find local shops, restaurants and more 

- Book restaurants, hotels, make orders and see reviews in just a few taps/clicks 

- Discover offers and earn discount coupons 

- Get real time directions to your destination

- Make use of Voice Inputs, Commands, Calendar Events and Notifications 

- Make secure payments using your mobile phone on merchants’ NFC-enabled terminals

Just a little part of what makes Discover Nearby awesome! ;) 

General Information: 

Discover Nearby is based primarily around an online and mobile phone application which allows it's users to search through an extensive list of retail and food service locations either through GPS or by simply inputting a zip code, city or type of location. All listings will feature available products, along with detailed descriptions and pricing. 

Discover Nearby: Forming Web Develops a Next-Gen Scouting with NFC & GPS

All featured locations will also offer the option to purchase directly from your phone for pick-up at a later time - this feature will be mainly focused towards food service locations but will also be available for various participating retail stores.

Maps that guide you to your favorite shops and restaurants, calendar events and notifications will make sure your day goes smoothly, and cached data so even when you are offline you can still find the best of wherever you are. Voice search, GPS tracking, and easy ways to connect with your friends.

Forgot how to say something? Just say "help" or navigate to the help screen to find a list of phrases and commands. ? We use a database made up of simple to use phrases to ensure that the app always knows what you want. 

Discover Nearby: Forming Web Develops a Next-Gen Scouting with NFC & GPS

The Discover Nearby service and application provides benefits not only to the users of the app, but also to participating stores by offering free promotion and a guaranteed increase in customer base.

Our service is much more than a convenient way to search for and decide upon any purchase. This application and program will act as a revolutionary new way to pay for virtually any product or service without ever having to pull out cash or a credit card - thus potentially exposing your private and personal information to identity thieves or attackers. 

Want to be the first to know when we are ready? Bookmark us and follow Discover Nearby on Linktr.ee and social media to get the latest updates! 

If you are interested or would like more information regarding our service or other aspects of the business, please let us know! 

*by andreascy*

The History of the Businessman


Description : 

Business practices have evolved significantly since the dawn of human civilization. In many cases, business is the process of exchanging goods or services.

Early businesses were run by itinerant travelers and merchants. Individuals or groups would travel thousands of miles to purchase rare goods and items. After bringing these items back to their home countries, they could be sold for a significant profit.

The earliest incorporated business was formed in the mid 1500s in England. The Dutch East India Company provided a way for many people to invest in a shared business venture. Merchants and businessmen would each purchase a small share of the Dutch East India Company through joint-issue stock certificates.

The modern stock market has been in existence for almost 200 years. While business practices have evolved significantly over that time, the basis behind them has remained the same. Business is the way that individuals connect with each other to share goods and services.


The Evolution of the Business Man


You liked this infographic? A full collection is available on this page. Feel free to check them out. Let us know what you think.

*by andreascy*

3 Great Home-Based Businesses for Entrepreneurial-Minded Individuals

Description : 

If you have the mind of an entrepreneur, you are hardwired to succeed. There is no reason for you to work for someone else when you can build your own business, but you might be unsure of where to start. Starting your own business is always risky, and it always includes some sort of start-up expense, which can be a major challenge for someone who has bills to pay and a family to take care of. However, there are businesses that you can start without spending a lot of money, and you can build your business right at home. 

3 Great Home-Based Businesses for Entrepreneurial-Minded Individuals

Many people have tried and failed when it comes to starting their own business, but those who know how to think like an entrepreneur are more likely to succeed than those who think that owning a work-from-home business is just an easy way to make money without doing any work. If you are willing to put forth the time, effort and dedication, you can truly succeed at owning your own business and working from home.

Although you can surely succeed at nearly anything if you put your mind to it, there are some work-from-home businesses that are better options for entrepreneurs than others. The best options are businesses that do not require a lot of start-up money or a major risk, but that can turn into a nice successful and profitable venture over time.

1. Internet Marketing

There is a reason why there are so many "Internet gurus" out there who claim to be rich. Although there are certainly tons of scams out there, many people are making a lot of money from Internet Marketing, and you can be one of these people if you set your mind to it.

Internet marketing can vary from building your own marketing firm and promoting websites for other people and for business owners to marketing your own websites and making money off of advertisements and affiliate links. Although there is a lot of competition in this field, there is also a lot of room to succeed, and you won't have to invest a lot of money to get started.

2. Online Merchandising

More and more people are beginning to purchase things off of the Internet, so there is a huge audience of individuals out there who you can sell various items to online. Starting a home-based business of selling things on auction sites or on your own website or blog is an affordable and flexible alternative to opening your own retail store. Not only will you have the flexibility of working from home and setting your own hours, but you will not have to worry about the start-up costs that are associating with building or leasing a commercial building, paying employees to help you run your shop and other associated expenses. Because your costs will be much less than a brick and mortar operation, you will be able to turn a profit much more quickly in many situations.

When selling items online, you have two options. You can work with a drop shipping company, meaning that you will not have to invest in a lot of stock or keep it at home. With drop shipping, you simply send your orders to your supplier, and the company will then ship the products directly to your customers. You can also keep your own stock to sell, and you can even sell homemade items. There are a lot of possibilities when it comes to online merchandising.

3. Freelancing

Freelancing can be the ultimate job for those who likes flexibility and have a marketable talent or skill. Whether you are a talented graphic artist, a wonderful writer or an excellent tutor, you can earn and income offering your services on a freelance basis, and you won't have to worry about keeping specific hours or making major investments.

Everyone has to work for success. Please get in touch if you want some help or advice. Would love to get involved.

*by andreascy*

Watch Out : China Will Soon Dominate Online Shopping

Description : 

What's up everyone? 

Online shopping has become a way of life for many of us in the developed world

Watch Out : China Will Soon Dominate Online Shopping

Rather than heading out to a brick and mortar store to buy things, people turn to the internet to provide them with a veritable cornucopia of consumer goods - clothes, electronics, even groceries, usually in much greater variety and significantly less expensive than traditional stores. 

In short, online shopping has come to dominate our consuming practices over the past decade. 

Winners and Losers of Ecommerce

As with any emerging market or technology, there are winners and there are losers when it comes to online shopping. The losers have largely been the brick and mortar businesses that have refused to adapt, becoming irrelevant as their customers flocked to the internet. The winners have been companies that took the initiative and aggressively pursued online customers. And while the United States has been the epicenter of the tech revolution, we’re poised to see our dominance in this arena start to slip over the next few years. And who’s going to pick up the slack? Only one of the world’s fastest growing, largest economies - China

China’s Ecommerce Stats

According to Lauren Indvik on mashable.com, online shopping in China generated $121 billion in sales last year, and that number is expected to triple through 2015. By then, China’s online spending is projected to be 20% higher than it will be in the United States, coming in at roughly $420 billion. At that point, ecommerce is expected to make up 8% of all retail sales in China. 

Why China?

So what exactly is driving this intense growth? Population is a huge factor. China has 1.34 billion people, and though it’s still a developing country, it’s also becoming increasingly upwardly mobile. Those living in the massive, sprawling urban areas generally have access to some form of internet, and the tech infrastructure is constantly improving. The Chinese economy is also booming, which means more and more people have some disposable income these days. In fact, the Chinese middle class is expected to grow from 200 million people to 800 million over the next 20 years. All those freshly made middle class folks are going to spend at least some of their money online. 

Challenges of the Future

With all Chinese ecommerce has going for it, there are still some major limitations that will need to be addressed in the future. The first is that, much like in the early days of online shopping in the U.S., Chinese consumers must be extremely wary of fraud and subpar or counterfeit goods, and have a difficult if not impossible time returning merchandise. Another major hurdle is the lack of consistent internet access for much of China’s populace -14% of Chinese consumers shop online, while 54% of Americans do. While this might seem like a small percentage, however, it’s important to remember that 14% of 1.3 billion is still a considerable number. 

If the Chinese economy continues to grow as projected, we can expect to see China dominating online shopping very soon, and, one suspects, for a very long time. If the United States wants to stay competitive, we have to ramp up our innovation and hone and innovate our ecommerce software in order to attract online shoppers from around the world - especially China.

Like our post? Get our news, Everywhere!

*by andreascy*

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