The E-commerce Industry has grown and expanded to preposterous proportions in recent times. Plus, with many businesses suffering heavily from the recent pandemic, the shift towards taking your business online only sounds natural and tailor-made under present circumstances. Today the e-commerce industry excels in offering online market places for both businesses and customers to interact, including iterations such as B2B, B2C, C2B, and C2C. This makes all the more sense to offer e-commerce education for students and equip them with the necessary know-how for the future.
According to a recent study by Oberlo, there will be around 2.14 billion global digital buyers in 2021, around 27.2% of the global population of 7.87 billion people. Furthermore, in 2021, e-commerce sales expected to account for 18.1% of total retail sales worldwide and reach 22% by 2023. Moreover, 53% of people shop online because of free delivery, and 41% do so due to the ability to use coupons and discounts, while 33% shop online because of the easy return of items. Education for Running Online Businesses
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Global E-commerce:
Taking into account the removed statistics, I think it would be a grand idea to start offering e-commerce education for students about the online business model and how to run businesses online. The global e-commerce industry by 2020 already amounted to $4.28 trillion, with e-retail projected to grow further and reach $5.4 trillion by 2022, as reported by Statista.com. Some of the most renowned online stores worldwide include the likes of Amazon, JD.com, Apple, Suning, Walmart, VIP.com, and Home Depot, to name a few.
With revenues far exceeding 9 billion US dollars for each mentioned online store, e-commerce education for students will prepare them and equip them with plentiful knowledge to further pursue lucrative careers in this growing industry and support greater innovations for the coming era. Reasons for E-Commerce Education for Students You might be considering if the e-commerce industry is already doing so well, why do we need to offer e-commerce education for students? Here are some viable reasons that might pique your interest.
Behavioral Changes in Buyers:
It is a known fact that buyer and their behaviors change over time. The market for selling and buying products or services is always in a state of flux. Those who have studied trends worldwide know quite well that while the future is always uncertain, the only thing that has remained consistent throughout time and history is change. Change in the ecosystem is unavoidable and unstoppable. This is why e-commerce education for students is so important. Technology has always been a forerunner of bringing change and providing new means of doing business and conduct trade with improved tools, software, equipment, methodologies, and approaches. Educating students now would mean that they wouldn’t feel left behind and will be able to cope with these rapid changes and stay in touch with the consumers and their preferences.
Change in Brick and Mortar:
Retail Brick and Mortar Stores offers a more physical presence to an organization or business for those who don’t know. They live in a building or a structure and usually conduct their business through retail shops that a consumer or customer can physically visit. This also includes factory production facilities as well as warehouses that include in their base of operations. But, in recent times we have seen how the coronavirus has disrupted life and commerce around the world.best ecommerce education
With the majority of businesses asked to shut down or carry adequate social distancing measures for the safety of their employees, many Brick and Mortar companies have shifted their store experiences online. Examples include the likes of Lammes Candies, Sara Campbell, and TYLER’S, to name a few. This is another reason why e-commerce education for students is becoming necessary in current times.
Development of E-Marketplaces:
E-marketplaces are growing around the world, and China is way ahead of the curve. Many brands finally understand how their online presence offers them the unique ability to cater to a larger group of audiences and favorably bringing international clients and interested parties from across the world. This is why e-commerce education and training are becoming important. Other factors that add to the success story include the likes of:
Catering to customer needs 24/7 and 365 days a year.
Global access to your own business.
Potential cost savings.
Less amount of paper waste.
Greater flexibility and improved client services.
Communicating, engaging customers, and getting valuable feedback.
Research market opportunities and keep an eye on competitors.
Globalization of E-Commerce Implementation:
Another reason why students should allow to learn e-commerce education online for free is the globalization of commerce. Globalization for ventures and businesses is not a new concept, but we simply cannot deny the fact that with greater connectivity and improved internet services, we have closed the distance gap considerably. Now businesses are readily reaching out to clients and potential prospects across the planet. This has also led to improvements in the supply chain, raw material procurement, outsourcing of business operations, and acquiring new business partners. Online market places have enabled customers and manufacturers to interact actively on e-marketplaces and business portals. Plus with international courier services like DHL, FedEx, R+ \L Carriers, UPS, and YRC Freight are able to offer you drop shipments right at your designated addresses and doorsteps.
Increase Demand for E-Commerce:
Business Models might come as a surprise to some, but in Africa, the e-commerce industry is booming. Thanks to growing internet penetration, an increase in the usage of smartphones, and improving cellular technology, people in Africa are showing the world how it’s done when it comes to e-commerce. This is another factor why students should offer an e-commerce course in their colleges. In fact, there are various success stories related to last year where several women entrepreneurs faced the hardships of the COVID-19 pandemic and yet managed to run their businesses online right from their very homes and humble abodes. The MENA (Middle East North Africa) region shows a lot of promise for greater opportunities in the future. There is a definite demand for e-commerce facilities emerging in all parts of the world.
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Internet Related Job Opportunities:
Riding the bandwagon is also the freelancer market that is quickly showing the world how people can run their own side ventures and have a second source of income. There is a growing trend amongst the young, and the aspiring who are looking forward to accomplishing financial independence during their middle age, and the freelancing industry is offering them a way out to diversify their sources of income. Adequate e-commerce training would certainly aid this process. E-Commerce Education for College Students Now that we have established the need for higher education students to learn about the e-commerce industry, here are some ways it could work out for college students keeping their best interest in mind:
Benefits of E-Commerce Education for Students:
Young learners who pay for essays UK would agree that business studies these days should infuse with some courses that focus entirely on running online ventures.
Major Benefits of e-commerce education for college students include:
Able to fill in job applications that focus on internet-related career paths.
Capabilities to understand new pressures and challenges faced by an ever-growing landscape.
Career orientations offer both specialist and generalist pathways.
Develop skills needed to become managers that deal with a broad range of responsibilities.
Competence level to integrate business with technical knowledge acquired from various courses.
ecommerce education programs
E-Commerce Oriented Curricular:
Universities and higher educational institutes can study future market trends and start offering classes or an online e-commerce course by developing curriculums that focus on teaching e-business industry-related subjects. This can include business technology, computer information systems, accounting, and the development of E-business strategies with the help of current and relevant case studies. At Dissertation Assistance, UK pupils encourage to keep track of current job opportunities and future trends. • Focused Career Paths College students can also educate to pursue dedicated and specialized career paths such as:
E-business accounting.
Information systems.
E-business marketing.
E-business finance.
Top Educational Institutions.
Here are some educational institutions that have already taken matters into their own hand and not waiting for the world to tell them what to do next:
Bentley College: MBA Concentration in E-Business.
Carnegie Mellon University: MSEC (Master of Science in Electronic Commerce Programs).
Georgia State University: GEM (Global E-Commerce Master).
University of Maryland: MBA Concentration in Electronic Commerce.
Conclusion:
We live in an era where technology is becoming readily integrated into our lives, including private and professional circles. Hence it seems only natural to prepare future generations for the current and evident market trends that are being observed all over the globe. The e-commerce industry has become a global phenomenon, and this is why it makes all the sense to educate young students about this growing industry so that they equipped and ready to drive the change and lead us to the world of tomorrow. That’s it for now. Cheers and all the best for your future endeavors! Author Bio Elaine Vanessa currently works as the Educational Counselor at Crowd Writer UK. She is also an avid traveler by passion. During her free time, she likes to indulge herself in pop culture as well as surf the internet for all the latest developments happening in the world of tech.
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