2017 will see physical markets disappear

We know it’s hard to believe, but it’s 2017 already. And whether you like it or not, the future is now. We live in a world where in our pockets lies a computer more powerful than the one that landed the man on the moon. And with a growing presence of mobile phones, tablets, laptops, computers and other devices, the potential only keeps on increasing.
The biggest change that the realm of technology has brought about in the world is the way business is carried out. In the first couple of decades, we’ve seen physical markets get overshadowed by the online marketplace. Big players like Amazon, Flipkart, Alibaba, etc. have simply transformed the way people run business. It is easier to reach more people online via the internet than it is to get people to physically come to your shops.
You can get everything from a needle to a car online and have it delivered right to your doorstep.

Such is the power of social media that physicals market are set to shrink down even more by the end of 2017. Trends indicate that heavy industries such as electronics (mobiles, laptops, computers, etc.) is set to go up to 87% online only. Other items such as fashion & clothing have moved 79% online courtesy of the services that these online marketplaces provide. Trends also show that by the end of 2017 a majority of multiple markets will move 100% online as there is much more potential and scope for business online.

However, this does not mean that the shrinking of the physical marketplaces will lead to a downfall and decrease in the livelihood of the people. What these online marketplaces and social media platforms have done is that they have made it possible for people to participate and make use of their services to reach out to the maximum number of people and grow their potential customer base by up to tenfolds. They provide several benefits to the businesses and are helping businesses grow all across.
Global connectivity has been mad possible with the advent of online marketplaces and social media platforms. And if you are still in doubt about the potential of online markets, what you need is to hire a professional Social Media Marketing firms that does a thorough analysis of your capabilities and customises a plan that will prove best to you.

Shamoor is one of India’s leading digital marketing firms that has already helped hundreds of businesses grow using social media. And you can check out our services here and get in touch with us to help your business reach it’s best potential and audience