beprofit logo
ProductExpand more icon
profit calc image
Profit Simulators
Tweak your numbers to lift profits up
action card image

Demo Store

Want to see our
dashboard in action?
ResourcesExpand more icon
CompanyExpand more icon
Want to see our dashboard in action?
you can try it here with theDemo Store!

How does e-commerce increase market share?

Asked 2 years ago

What factors in e-commerce increase the market share? How would this impact the business profits?

Marty Wagner

Wednesday, April 20, 2022

Increased market share leads to the growth of a business which can further improve its profitability. Below are the top 5 strategies used by e-commerce stores to increase their market share:

  1. The use of innovative technology to build a loyal customer base.
  2. Building and reinforcing healthy relationships with customers to capture a more significant market share.
  3. Attractive marketing strategies to push the competitors out of business.
  4. Attractive prices can capture more customers.
  5. To win a more significant market share, eCommerce stores can also go for acquisition—Take over your competitors to gain more market share.

Write an answer...


Please follow our  Community Guidelines

Can't find what you're looking for?