The e-commerce industry has seen explosive growth in recent years. Online shopping has become an integral part of daily life for millions, providing endless opportunities for entrepreneurs. However, owning an e-commerce business comes with its own set of challenges.
In the world of digital marketing, competitive intelligence is a vital practice that enables businesses to stay ahead of their rivals. It involves gathering and analyzing information about competitors' strategies and performance.
E-commerce, the buying and selling of goods and services over the internet, has seen a substantial surge in popularity. With the global consumers favoring online shopping, retail e-commerce revenue in the US is projected to exceed 1.3 trillion dollars by 2025.
Dropshipping is a popular ecommerce business model where the seller doesn't hold inventory. Instead, customer orders and shipment details are transferred to a manufacturer, wholesaler, or another retailer, who then ships the products directly to the customer.