Powered by the Internet, eCommerce is the most viable and cost-effective sales model in today’s business environment. It is simply the buying and selling goods and services over an electronic network. The advent of the Internet and Information Technology (IT) boom have transformed the way of doing business. Business-to-business, business-to-consumer, consumer-to-consumer, and consumer-to-business are the four primary types of business transactions that take place in eCommerce.
Over the last couple of decades, eCommerce giants like Amazon, Jingdong, Alibaba Group Holding Limited, Wayfair, eBay Inc., and Groupon have significantly contributed to substantial growth in online retail, with their net worth measured in billions. The movement restrictions induced by the outbreak of the coronavirus pandemic led to the dramatic rise in eCommerce.
According to a United Nations Conference on Trade and Development (UNCTAD) report, global eCommerce sales climbed to USD 26.7 trillion in 2019, up 4 percent from 2018. The latest news by Morgan Stanley suggests that the eCommerce market has plenty of room to grow and is expected to expand by USD 5.4 trillion by 2026.
Although the global eCommerce surge resulted from necessity, statistics reveal that it is still one of the fastest-growing industries with great job and growth opportunities. As there is much room for growth in this highly competitive industry, opting for an eCommerce and Online Business Management program will allow you to launch a career in eCommerce.
Why study eCommerce and Online Business Management?
E-commerce has undoubtedly made buying and selling goods and services more accessible. A broad variety of products, better prices with discounts, discreet shipping, easy checkout process, fast delivery options, and shopping from the comfort of home are the primary reasons why people prefer buying products online rather than from a brick-and-mortar store.
Simultaneously, the ease of doing business has created fierce competition among various companies. Enterprises struggle to gain an edge over others in this highly competitive scenario. Studying eCommerce and Online Business Management provides in-depth knowledge and practical skill sets, helping you gain a competitive advantage. These crucial skills allow you to make well-informed decisions for your business, such as where to sell your products online, investment ideas, and strategies to create engagement with your clients.
Moreover, earning a degree in eCommerce and Online Business Management will assist you in building your own business and thriving in the online realm. With this coveted degree, you can land various well-paying jobs in eCommerce giants, such as Amazon, Kijiji, Walmart, eBay, Costco, and Canadian Tire.
Conclusion
As eCommerce adoption will continue to gain traction, enrolling in an eCommerce and Online Business Management course is the most viable option to kickstart your career in this evolving and dynamic business landscape. Interested students can consider studying an eCommerce and Online Business Management course in Canada’s Toronto or Montreal, as these cities are home to top-ranked educational institutes that offer proven quality of education and better exposure. Browse now!
This article is written by Monika Sinha.
