E-commerce business in Bangladesh has been increasing so much over the past few years. By reading this article, you will easily understand the increasing popularity of e-commerce sites among consumers in Bangladesh. Researchers found that the improvement of livelihood, development & increasing usages of internet connection, the influence of western countries – changes the shopping behavior of the Bangladeshi Consumers. And that what helps to flourish the e-commerce business sector in Bangladesh

According to the e-Cab (eCommerce Association of Bangladesh), the estimated number of total recognized eCommerce sites in Bangladesh are 700. And on Facebook, there are a total of 8000 eCommerce dedicated Facebook pages.

According to e-commerce market analysts, the estimated e-commerce business market size in Bangladesh is USD 20 billion in the year 2020.

In Bangladesh, the current eCommerce market is growing at a rate of 72% per month. It is now expected to grow by 70 billion in the year 2021. This sector is steadily expanding & experiencing extreme competitiveness in serving the local market.

Best on our e-commerce business list which is comprehensively illustrated in this article, Evaly.com.bd is ranking number one based on direct search, referrals, search traffic & so many other factors. But based on audience likings & preferences, these top five players are the most favorable now in the current market:

• Daraz.com.bd

• Chaldal.com

• Meena Click

• Pathao

• Foodpanda

The major trends that are currently adopted by the e-commerce business sector in Bangladesh are

• Delivery & Logistics system: Same day delivery system now becomes a popular trend continues this year since the consumer demands are increasing significantly.

• You can now see more better quality product images on the e-commerce website. Earlier e-commerce sites used to use only stock photos to represent their business products & services. But now they have started using high-definition original pictures on their website. Because consumers love transparency when it comes to shopping online.

• 360-degree marketing is now implemented by the e-commerce sector in Bangladesh. Such a campaign covers the entire buying cycle & utilizes every possible media to promote their brand & drive more potential traffic.

E-commerce businesses in Bangladesh have grown so much in the recent couple of years. And due to the recent Covid19 pandemic situation, most offline businesses now turned their head to online. Although most of the products & services are now expanding online, it comes with some additional challenges & shortcomings.

• Lack of debit or credit card users. Most customers are reluctant to use debit/credit cards for performing any payment against the purchase. Among the 164.7 million population there are only 5 million debit cardholders & 1 million credit holders are here in Bangladesh. And among them, only 1% of debit cardholders use their card for POS machines or online purchases. And the rest of the 99% of customers only activate them for ATM machines only.
  That causes a lack of credit card issuance & which is a threat for the entire credit/debit card company sector.

• Consumers are always at high risk of fraud. Because when shopping online that can’t really touch or test the product, which is much more convenient at a physical store. That diminishes the satisfaction level of most of the consumers.

• Telemarketing & spamming is another reason most consumers want to avoid online shopping. When you shop online, you have to provide your contact information to the online merchants, which later on companies use to track consumer shopping habits, & suggesting them products & services via SMS, Email or direct call. Although some of the online business now provides consumers the option to stop getting such experience.

• Lack of customer-friendly infrastructure is another reason why most of the consumers are most likely to avoid shopping after one or two purchases. Although e-commerce business is growing, most of their website’s are poorly maintained & not appropriate for mobile use. And that left consumers dissatisfied with the whole online shopping experience.

• And there is also reluctance from Banks to promote in-store & e-commerce transactions, which is a major challenge most of the online businesses faced in Bangladesh.

Most purchased items that are consumers buying recently from the e-commerce sites in Bangladesh:

• Electronic Gadgets

• Cosmetic & Makeup Items

• Home appliances

• Grocery items

• Fast Food

If you’re already mentally prepared to start your e-commerce business in Bangladesh, let us give you some tips to how to properly start it

• For a successful eCommerce business, you should have a solid business plan. And your business plan must include:

  • What products & services you are thinking of selling

  • Your Financial resources

  • Supply chain management

  • Human Resource management

  • Defining business vision & goals

  • And lastly marketing opportunities

• Second, you need a good first impression & for that, you require an e-commerce website. We offer the best eCommerce website development service in Bangladesh just the way you want it to be. To know more visit our website.

• You need to have a customer-centric attitude while running your eCommerce business. You have to ensure that the products & services you are offering are top-notch quality. And you are attentively solving all of your consumers’ needs & problems. When you do extra something for your consumer, they will be supposedly more engaged with your site & will be motivated to purchase more.

• Your site must be mobile-friendly. If you integrate mobile-friendliness on your site, it will ensure you reach thousands of targeted mobile users to your site. And we will help to build a mobile-friendly eCommerce site.

• Never neglect the power of Social media. Social media plays a major role in promoting your business among targeted consumers. So it’s a must to leverage social media to back up your business growth.

• Must perform SEO for your website. Although we will help you to build an SEO-friendly eCommerce site. But there are still more opportunities left to make sure your site is the top-ranked on Google. For that, you can utilize our SEO service.

• And lastly, it is essential to use the right tools to boost your online efficiency. such as

  • Google Adwords: To create campaigns on Google for increasing brand & product exposure

  • Photoshop: If you will perform all the clicking & editing of your product images, then photoshop is a must. As it helps to create a professional-grade product image for your website.

  • MailChimp: Mailchimp is for creating & sending regular email updates about your products to the consumers.

  • WordPress: To create helpful blog posts & content about your products, WordPress is a must. You can set up your eCommerce site in WordPress using wooCommerce.

  • Zendesk Chat: To chat with your visitors in real-time.

  • Google Analytics: To track how users interact with your pages & products.

  • And so on.

eCommerce website price varies depending on your requirements. Very simple & basic e-Commerce website prices can be between 50,000 Taka to 1,00,000 Taka. Click here for a sample eCommerce website pricing, and for custom eCommerce site development, you can contact us with your details requirements.

It depends, If your eCommerce business impacts the local audience in Bangladesh, please send us an email at hello@seoaudit.agency and we will review and get back to you with our editorial response.