E-commerce reserved its place at the top of several economic sectors in 2020. It remained unfazed by the pandemic while other industries and sectors continued to struggle. A lot of the growth that has been witnessed by e-commerce is a result of the pandemic itself.
Can Mandir, a successful dropshipper, in his recent interviews, reviews and analyzes the rise of e-commerce as witnessed during the time of Covid. He further talks of dropshipping, its barriers, and the overall future of the e-commerce sector.
Influence of the pandemic on e-commerce
Most people viewed the pandemic as a misfortune that led to an economic crisis. A complete shutdown of regular activities was witnessed. Since people weren't engaging in their normal habits and activities, a depreciation in all industries was witnessed. However, e-commerce, which was already making its way to the top, surged by 82%.
The conditions that were created by the pandemic proved to be perfect for the success of e-commerce. Since the physical world was shut down, the virtual world took over. As a result, complete digitization of education, as well as professions, was implemented. Similarly, selling and buying, too, became a thing of the virtual world.
While online retail had already been in the business, it rose to ultimate power due to the pandemic. From essentials to luxuries, people sought everything on the internet and found it delivered to their doorstep. All these conditions, then, acted as a set-up for the growth of e-commerce.
All about dropshipping
Dropshipping has been in the e-commerce business for a while now too. However, its recent growth remains unmatched with its previous year. Dropshipping eliminates the need for inventories and, thus, is less risky than other business practices. People have shifted to dropshipping and successfully made a fortune out of it. One of such people is Can Mandir.
In his recent interview, Can Mandir explains the requirement for setting a dropshipping venture. He quoted, “It is all about discipline, patience, and willpower. E-commerce knows no boundaries, which is why it is so hard to measure its true potential”. Further adding to his point, he talks about the role of the internet and electronic devices as a necessity for a dropshipping venture.
When asked about the barriers of dropshipping, Can Mandir points to the mindset of people. Most people consider dropshipping to be a difficult task. However, he claims that shopping online has never been easy, and a certain degree of risk is required in all businesses. Thus, one needs to overcome problems and an old mindset to be a successful dropshipper.
Future expectation and crypto
Crypto has been one of the most talked-about topics of the recent year. Its introduction to the world caused a stir in public and different opinions from many experts. The recent announcement made by Tesla also adds to the question of what will be the future of crypto?
Through the interview, Can Mandir addresses the role of crypto in e-commerce. He says, “Personally, I don't know anyone who offers it. In the long run, however, there is a lot of potential to it as the demand grows”. Thus, the use of crypto can be expected in the dealings of e-commerce in the future.
Aside from that, he also addresses what can be expected of e-commerce in post-pandemic conditions. Dropshippers and other agents of the sector can remain at ease as e-commerce has established itself well. Moreover, online retail and buying are more convenient than offline retail, and people realize the benefits of e-commerce. Thus, changing consumer behavior and market dynamics point towards an upward growth in the e-commerce sector.
