E-commerce Tips & Tricks 3 min read
08 Oct 2020

5 Best Ecommerce Platforms To Benefit From The Accelerated Shift To Online Retail

Introduction

Amid the COVID-19 crisis reshaping our retail world, consumers' habits around shopping have altered to a great extent.

The frequency of users flocking to an online store for all essential and non-essential items has increased drastically. Amazon, for instance, the leading retail giant recorded a revenue of $75.5 billion in Q1 followed by nearly $89 billion in Q2 2020. These numbers not only convey the reach of Amazon but also how the pandemic has fast-tracked digital transformation.

Retail eCommerce websites worldwide registered 22 billion visits in June, up from 16 billion visits in January 2020. Albeit a by-product of the coronavirus pandemic, this trend is likely to remain even after the pandemic. According to Statista, the global retail eCommerce sales amounting to $3.53 trillion in 2019 will almost double by 2022.

The growth in numbers and the sheer volume of retail sales highlight why online retail is the go-to business idea for SMBs or enterprises and a need of the hour for existing retailers.

Starting An Ecommerce Business

E-commerce retail is a booming business idea with unprecedented levels of interest. It is among the most profitable businesses today with unsurmountable growth potential. But for existing retailers, having an online retail store is no longer an option but a necessity for survival.

Customers afraid of contracting the virus are opting for online shopping and delivery. This has been a major contributor to the eCommerce boom. In the history of online stores, we’ve witnessed several eCommerce businesses fade away failing to gain traction.

To ensure your eCommerce venture bears fruitful results, here are a few quick tips you can follow:

No coding experience, but sound technical knowledge is a must
Consumer experience is more important - ask Jeff Bezos
Do not spend everything on development, keep a separate budget for marketing
Make sure your website is search engine friendly

Apart from these tips, there are a few other things you can do to easily shift to online retail.

For instance, you can opt for a pain-free ready-to-launch eCommerce platform instead of hiring a full-fledged designing and development team to kick-start your website. This will save time, money, and you can focus on your key business tasks without worrying about the website.

There are several eCommerce platforms that provide ready-to-launch solutions. Here, we’ll discuss the top five in the category:

Shopify

Launched in 2006, Shopify is a powerful eCommerce platform that allows users to start, run, and grow their online businesses with ease. The platform is ideal for small retailers and mid-sized businesses to start an eCommerce store.

Although there are several third-party apps that convert your Shopify store into a multi-vendor marketplace, it is best to avoid them altogether. Currently, over 1 million online stores run on Shopify - making it the right eCommerce platform.

Key Features:

100+ professional themes
Abandoned checkout recovery
Nearly all payment gateways are integrated
Fully customizable
Unlimited bandwidth and more

Pricing

Shopify is a subscription-based platform with a 14-day free trial. The basic plan starts at $29/month. For more details on pricing, click here.

Yo!Kart

Yo!Kart is a self-hosted customizable multi-vendor platform using agile methodologies. Unlike Shopify, Yo! Kart is designed for small-medium businesses and large-scale enterprises to start an online marketplace.

Launched in 2015, the platform has successfully delivered custom-engineered online marketplaces for several clients.

Key Features:

Ready mobile apps for customers and sellers
Advanced order management
15+ payment gateways are pre-integrated
Tax management and shipping APIs
Abandoned cart management and more

Pricing:

Yo!Kart offers a fully owned license on every package with no recurring charges. The basic package is priced at $999. For complete details on all Yo!Kart packages, check out the pricing page.

BigCommerce

BigCommerce is a flexible, open software-as-a-service (Saas) platform that offers great eCommerce solutions for existing and established businesses.

Just like Shopify, BigCommerce is also a paid, hosted eCommerce platform that offers a wide range of customizable templates.

Founded in 2009, the platform has become a popular choice for many enterprises and retailers to start an online store.

Key Features:

12 free professional templates
Drag and drop page builder
Mobile cart conversion
Single-page checkout
Sales management and more

Pricing:

BigCommerce is another subscription-based platform that offers a free 14-day trial period. The standard plan starts at $29.95/month. For detailed plans, go to their pricing page.

Tribe

Tribe is an online store software developed using the secure open-source Laravel framework. It is the brainchild of the popular multi-vendor marketplace solution, Yo!Kart.

With Tribe, retailers or businesses can create a customizable, scalable, and secure eCommerce store at ZERO cost. It is among the very few self-hosted eCommerce solutions that allow a completely free setup of an online store.

Unlike other free eCommerce platforms, it allows retailers to sell unlimited products through their ecommerce website.

Key Features:

Drag & Drop Builder
Multilingual & Multi-currency Functionality
Shipping & Tax Management
Multiple Payment Options
Mobile Ready Solution
POS and other key features
Free set up & Zero Recurring Fees

Pricing:

Since Tribe is a FREE eCommerce store software, you have to pay only for customizations and migration. The support is charged only after you exhaust the free support hours.

Support Service: 12 USD/Hr

Design & Customization Service: 15 USD/Hr for non-exclusive rights and 20 USD/Hr for Exclusive rights.

Migration Service: 15 USD/Hr

Quick Selling

Started in 2015, Quick Selling is another prominent eCommerce store builder for B2B and B2C businesses. The platform is equipped with all standard eCommerce features enabling retailers and enterprises to create an online store with a customizable front-end. Plus, you get a native mobile app as well.

Highlighted Features:

Setup in only 10 mins
Integrated payment gateways
Single dashboard to manage web and apps
SEO-friendly eCommerce platform
Professional templates and more

Pricing:

While Quick Selling offers a free plan, it is a hosted solution with a limit to add up to 1000 products. Comparatively, its standard plan costs around ₹2,500/month while the premium plan goes up to ₹12,500/month. For detailed information on plans or enterprise-grade solutions, click here.