In today’s time driven world, every fraction of a second counts. People seek maximum output with the minimum investment of time and energy; the internet has successfully bridged this requirement. The widespread use of the internet worldwide has opened new doors of unlimited possibilities to every segment of life; Global E-commerce remains one of the most noticeable and promising business ventures in the marketplace in this regard.
Thorough research of the international marketplace shows that the internet has taken over 7.3% approx of the total global retail sales by this year (2016) and is likely to escalate to 12.4% approx by the end of the decade (2020). Therefore, if you are already an established online business entrepreneur at the national scale and want to try your luck to sell internationally, where should you possibly begin? To assist you to get started with the big leap, here is a list of the top 5 prospective nations that you can target for your business venture:
1. United States (U.S.)
The federal republic of the United States (U.S.) or America can be a remarkable target to sell internationally online. The country is the third most populous one in the world after China and India and encompasses a total population of 324.6 million approximately at present. 73% out of the total population has access to the internet on a regular basis and are mostly digital shoppers. It needs a special mention that credit cards and debit cards are used for 73% of all online transactions. Also, the majority of the digital shoppers possess a computer, tablet, smartphone or any other connected device.
The bestselling online product categories for Americans are apparels, home and living, electronics, video games, books etc. The growth of year-wise total E-commerce sales in the United States or the U.S. has been steep from 305 Billion US Dollars in 2014 to 341.7 Billion US Dollars in 2015 and is expected to reach a possible 548 Billion US Dollars by 2019. Thus, if you are still not sure about which country to bank upon in the international marketplace for your global online business, America can be undoubtedly a wise first pick.
Sharing its land borders with the United States (U.S.) or America, Canada can be one of the leading targets for global E-commerce. The country happens to be the eleventh largest economy in the world with its nominal GDP of about US$1.79 trillion approx. The country has a mixed economy that stands above America and many other European nations; thus, there is very less or negligible income disparity amongst the citizens. 88.5% out of the total population has access to the internet on a regular basis and 84% of them are digital buyers. Credit cards are the most preferred online payment mode in the country with 93% of the online shoppers choosing them round the year. Majority of the digital buyers possess a computer and prefer transacting using their computers rather than any other mobile devices.
The bestselling online product categories for Canadians are apparels and books. The growth of year-wise total E-commerce sales in Canada has been a progressive one from 25.37 Billion Canadian Dollars in 2014 to 29.63 Billion Canadian Dollars in 2015 and is expected to reach a possible 50 Billion Canadian Dollars by 2019. With all these facts and figures in mind, you can unhesitatingly consider Canada a second-best option in the marketplace for your online global business.
Encapsulating most of the North American plate along with America and Canada, Mexico can be a prized target to sell internationally online and to overlook the prospects of E-commerce in this nation can be quite a blunder. The country beholds a total population of 122.3 million approximately at present. The country boasts of being the fifteenth largest economy in the world with its nominal GDP of about US$1.26 trillion approx. 54% out of the total population use the internet that attributes to the eighth highest total of internet users of any nation in the world. A keen study of the total number of digital buyers simply projects the substantial increase in the rate year after year. 37% out of the total population possess mobile phones; similarly, 30% out of the total internet users have tablets that happen to be the highest of any Latin American nation.
The best selling online product categories for Mexicans are apparels, home and living, electronics, books, musical equipments, antiques etc. The growth of year-wise total E-commerce sales in Mexico has been inspiring from 4.4 Billion Mexican Peso in 2014 to an expected 13.3 Billion Mexican Peso by 2019. Hence, if you still haven’t evaluated the unimaginable prospects that Mexico can offer in the international marketplace for your E-commerce business, it is high time you ponder on it as a third-best alternative and take a serious stand.
Another federal republic in Central-Western Europe that offers a great market for global E-commerce is Germany. The country is the second most populous country in Europe and is undoubtedly Europe’s largest economy with a nominal GDP of about US$3.73 trillion approx; it thus goes without saying that Germany is a buyer-rich nation. The country is an active part of the European single marketplace that portrays 508 million customers. 85% out of the total German population has access to the internet on a regular basis and are ardent online shoppers. The widespread use of credit cards, debit cards, GiroPay, PayPal, ELV, RatePay etc. reflects the preference of online payment modes by the Germans during digital shopping.
Apparels, consumer media and electronics are the bestselling product categories in Germany. There has been a stupendous year-wise growth in the total E-commerce sales of Germany from 62 Billion Euros in 2014 to an expected 82 Billion Euros by 2019. So, without any further doubts, you can trust the German market as a fourth best option for global E-commerce and do the needful immediately.
The French Republic or France in Western Europe can be a potential hot target for global E-commerce due to its centralized location within the continent. The country is the third most populous country in Europe and is by far Europe’s second largest economy with a nominal GDP of about US$2.80 trillion approx. 81.9% out of the total French population uses the internet on a regular basis and majority of them are online shoppers; France had an approx. of 30 million digital buyers in 2015 that is expected to rise to 32 million by 2018-19. The year-wise E-commerce sales of France is rapidly increasing year after year. Therefore, you can definitely consider the French marketplace as a fifth best option for your web-based global selling venture.
Each of these 5 nations holds inexplicable opportunities for expanding your online business in the international marketplace. So, go and make yourself a pioneer name in the Global E-commerce market today.