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Future Of The Retail Industry, How Technologies Will Transform The Retail Industry, The Benefits Of Integrating Robots Into The Retail Industry, And How To Earn Substantial Money Online So That You Afford To Launch Your Own Retail Business

Future Of The Retail Industry, How Technologies Will Transform The Retail Industry, The Benefits Of Integrating Robots Into The Retail Industry, And How To Earn Substantial Money Online So That You Afford To Launch Your Own Retail Business

          
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About the Book

This essay sheds light on the future of the retail industry, explicates how technologies will transform the retail industry, and identifies the benefits of integrating robots into the retail industry. Moreover, how to earn substantial money online so that you afford to launch your own retail business in the digital era is expounded upon in this essay. Albeit arduous to fathom, the future of the retail industry will be grim and bleak for traditional brick and mortar retailers who neglect to adapt to change. The future of the retail industry will feature far more than just brands expanding their e-commerce divisions and connecting more frequently with customers via mobile applications. The future of the retail industry will be characterized by dynamism, especially since retailers will constantly need to expeditiously adapt to change to stay afloat in the coming decades within a hyper competitive global retail market. There are ample trends abound that will transform the retail industry. The retail industry will offer more direct-to-consumer brands that allow customers to avoid dealing with third party retailers, will offer more frictionless commerce to expedite retail transactions, and will also offer more social media commerce options to boost sales. Moreover, the future of the retail industry will offer faster delivery times to entice more sales, will offer more subscription commerce options to further boost sales, and the recommerce sector will grow. Additionally, augmented reality shopping experiences may become more prevalent in the coming decades and customers will have more payment plan options available for expensive purchases. It is also likely the e-commerce sector will grow to an unprecedented height as more and more customer become accustomed to shopping online. The future of the retail industry will be eminently data-driven. In other words, in the coming years, retailers will more efficaciously leverage customer drive data in order to enhance the shopping experience and draw forth more sales. It stands to reason that customer driven data is worth more than gold bullion since not only has data been commoditized and rendered sellable to third parties, but is also able to provide companies with valuable insights on how to streamline their websites, optimize their digital marketing campaigns, and improve their business models. Customer driven data can also be garnered through focus groups, customer surveys, product reviews, and even through comments on social media platforms. Customer driven data does not have to be passively collected through websites, social media platforms, nor mobile applications. Even though gold bullion is indeed deemed valuable since it has intrinsic value, it will unfortunately not provide companies with the invaluable insights necessary to streamline their websites, optimize their digital marketing campaigns, improve their business models, nor help them to compete more efficaciously in hyper competitive global markets. Customer driven data can also be collected through loyalty programs and these loyalty programs help companies create a unique profile of each customer. Additionally, once companies garner the email addresses of customers through loyalty program enrollments then they are able to directly reach out to the customers at no marketing costs on their end by dispensing promotional emails to them. Moreover, customer driven data helps companies develop product recommendations alogirisms which help to augment the online shopping experience. Furthermore, customer driven data helps companies identify areas for improvement on their websites, video content, and digital marketing campaigns. Customer driven data can be sold to third parties by companies in unlimited quantities since it is not finite and can constantly be generated. Additionally, customer driven data is deemed more valuable than gold bullion since the insights it offers can allow shrewd corporations to increase their profitability


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Product Details
  • ISBN-13: 9798633153446
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 84
  • Spine Width: 4 mm
  • Width: 203 mm
  • ISBN-10: 8633153440
  • Publisher Date: 01 Apr 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 186 gr


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Future Of The Retail Industry, How Technologies Will Transform The Retail Industry, The Benefits Of Integrating Robots Into The Retail Industry, And How To Earn Substantial Money Online So That You Afford To Launch Your Own Retail Business
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