Online stores will boast web3
It has been a TOP discussing about the future of web3. My last article centred on high online presence. This is not surprising, virtuality is become the new tactics for business. entrepreneurs are flocking in with an annual increase. Most of it has been through the use of social media. It has been one of the applied skills I am even using to boost my business. advertising is key and one has to make the most of every given opportunity.
We have to spot out the differences between media handle advertising and online stores. Amazon and eBay are perfect examples of this. Let’s look at the statistics; feasibility studies show that close to 35% of world population do their shopping online. If 5 out of out of the assumed 8 billion population use the Internet it means close to 1.8 billions people shop online. This I just the beginning, the e-commerce market will receive a boost and more online presence increases.
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Entrepreneurs will have to shift grounds from here; what do I mean, you will have to have a store online not just media handles for adverts. Maybe users will have to convert their media handles to stores; there difference is customer picking their product even without your awareness and making payments for it. I will be centering on this in the next article as related to micro-payments.
How many small and medium scale enterprises do we have worldwide. In short, our entire national economy is known to thrive through SMEs. The market is very big, what then happens when this small enterprises join the pursuit for online stores? Indeed, we are talking of a dense market here. Who will be benefiting? Online gatekeepers will be enjoying the influx. How about the issue of data? It will be an easy collectible. What is the cost of running an online store yearly?
This is where doors will open for web3 to thrive. The first industry web3 must takeover is the medium scale enterprise. I have discussed severally on Hive how it will boost this platform economy. Take for instance, how easy will it be to drag amazon, eBay or Walmart down to web3. This is really one tough nuts to crack, they have set their business in web2 systems and have been on profits. Adding to that, this big guys love keeping the datas for themselves. This story is different for upcoming entrepreneurs, easy means of transaction will be one of the prioritized one.
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The best way to thrive a platform or an ecosystem is through entrepreneurs. A single entrepreneur can at least attract a hundred customers to his business. This is just an underrated figure. Transaction is done day in day out; the more advantage of online stores is the 24/7 business model. It will be from customers coming in to just purchase a product and service to admiring platform activities and siding; one of those will be quick investment opportunities and micropayment.
I keep on saying it, there is a future for web3, this is not just about praising it as a fan of this ecosystem, NO. it is about research and the fast pace at which technology is Moving. Business will continue to be a hot cake. Easy global businessing is hitting another dimension, more offline user are migrating to the internet. Entrepreneurs on the other hand are doing same to keep up. This is where web3 will also have to position its industry well to become a long-term beneficiary.
To conclude, let me add, we await an explosion. As earlier said, business is a global hubby. More will be emerging, many will be engaging. It will open doors for web3 awareness and investment on the go, it is just a matter of how prepared web3 investors are.
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