The global e-commerce industry generates over $1.2 million in revenue every 30 seconds and Facebook, Pinterest and Twitter contribute $5,483, $4,504 and $4,308 respectively every half-a-minute to the figure, according to a study by Assocham-Deloitte.

ecommerce2

The study, which was released on Wednesday, said “The maturity of social media and its reach across masses and classes makes it a suitable platform for online sales. Social media pages provide information regarding new products in the market, user reviews and ratings of the product, recommendations, and IT products.

“Social media helps e-retailers build brand awareness by responding to customer queries. Seasonal sales and offers are displayed on social networks to reach maximum number of people.

Besides, payment gateways help the e-retailers to receive money instantly rather than waiting for the cash on delivery payments, thus reducing chances of theft and fraud.

Banks as well as the e-tailers are offering different offers like cash back and equated monthly installment (EMI) to encourage customers for card-based payments.

The availability of e-commerce applications on various mobility devices is helping to drive sales and revenue. E-tailers like Flipkart, Amazon and Jabong now get 50% of their revenues from consumers shopping on their mobile phones, the study added.

[su_box title=”More From DSIM:-” box_color=”#c7c7c7″ title_color=”#000000″ radius=”5″]1) Top 11 Blogging Websites in the World

2) An Interview with CEO of DogSpot, Mr. Rana Atheya

3) Government Launches Rs 2,000 Crore India Aspiration Fund to boost startup culture in India[/su_box]

Digital Marketing Training Program
For working professionals & entrepreneurs
Learn how to market a business online just like experts & agencies do it.
Learn from real practitioners not just trainers.
Watch Demo

DSIM Editorial Team
The DSIM Editorial Team is a group of passionate digital marketing experts dedicated to providing insightful, high-quality content on the latest trends, strategies, and tools in the digital marketing industry. As part of the Delhi School of Internet Marketing (DSIM), the team focuses on delivering valuable information to help aspiring marketers, entrepreneurs, and business professionals enhance their digital skills. With years of combined experience in SEO, social media, content marketing, and paid advertising, the DSIM Editorial Team ensures that each piece of content is designed to educate and empower readers to succeed in the fast-paced world of digital marketing.