The E-commerce Market In Egypt
The E-commerce Market In Egypt
E-commerce within Egypt has recently become a major resonator and is on the rise due to the corona pandemic. Second, customers are tilting over the long line of cash to pay for purchases.
The E-commerce Market In Egypt
1-What the E-commerce is:
E-commerce is the use of the Internet to trade in products and services, whether between companies, some of them B2B, or between companies and individuals, B2C. About 70% of Internet users in Egypt use the Internet purchase service.
The E-commerce Market In Egypt
2-Internet commerce in Egypt has had an overwhelming success:
The E-commerce Market In Egypt
Although the past year has been a difficult one for the entire world because of the Corona pandemic, e-commerce has won more than 4 billion Egyptian pounds, as telecommuting has recovered intently, and major companies have even turned to save themselves by turning their business into business. In addition to the development of telecommunications applications in Egypt in particular and in the Arab countries in general, under the corona pandemic that the world has experienced since 2020. After the Corona crisis, the electronic domain has become the best solution for all companies to deflect and ensure their success and survival in the Egyptian market.
The E-commerce Market In Egypt
Among the companies that have had great success (formerly Market – currently Amazon), people used to shop in a certain way and became comfortable for them to earn only $116 million this year, followed by P-Tech with a very high profit of $21 million, followed by LC and Ikiki with a profit of $17 million. The order of stores is where each store generates revenue in Egypt, and these stores can either have a national focus and only sell in their home country or operate on a global scale. Only Egypt’s stores were considered or only arranged in Egypt.
One area of notable success in the medical field in all its aspects was last year’s high demand for this area was ED Store, which earned up to 100% more in 2020 than the world that passed.
E-commerce trends for the coming period. E-commerce is in constant progress for several factors, most importantly the proliferation of clients interested in online procurement.
The E-commerce Market In Egypt
3-But what are the most important trends to be applied in the coming period?
-Care about your customer service. One of the most important factors for success is the policy of monitoring the client and obtaining his consent.
-New forms of payment must be introduced to facilitate online procurement by the client.
-The lack of excessive price increases, appropriate offers, and exploitation of the national and religious holiday period with which the number of clients is high.
-To take great care of the recovery policy and guarantee the client’s rights.
-Care about the quality of products provided to customers and their opinions.
In the end, if you’re a website owner or you’re thinking about this project, this is undoubtedly the strongest area on the scene this time, and there’s still a lot to see.