Top 5 Challenges Only Online Retailers Would Know
In today’s digital marketplace, global is the new local. With the global market continue to expand, online business owners are offered great opportunities. But, it also brings some set of challenges that only an online retailer may know. Getting onboard to the eCommerce marketplace might seem like a piece of cake, allowing them to make sustainable revenue. Competition is just one side of the marketplace as there are many other big challenges that online retailers face while selling on marketplace eCommerce platforms. Less Flexibility in Moving Price When you’re selling something to the buyers, they’d want to get things as cheaper as they can. This is why the pricing is one of the factors that will determine your success in a marketplace. Its importance increases to a great extent when you are dealing with commodities like electronics, apparel, home decor and so on. The competition puts online retailers in a dilemma on how much discount may be given for the global bu