Consumers are no longer limited to buying from shops in their local vicinity. Global ecommerce has made it possible for them to buy almost anything from anywhere, presenting an exciting opportunity for brands all over the world.
According to Insider Intelligence, the global ecommerce market hit $5.7 trillion in 2022, and a study by PayPal revealed that 57% of consumers currently shop internationally.
But, while expanding into international markets can present many unique opportunities to ecommerce brands, it can also create a fresh set of challenges. From logistics to pricing, payment options, and cultural differences, it can be tricky trying to figure out if global expansion is right for you.
This post will examine the concept of international ecommerce and explore the biggest challenges and opportunities to help you make the best choices for the greatest impact.
The Challenges of Expanding Into International Markets
Going global isn’t as simple as opening your checkout to new locations. Every location is different in terms of preferred payment options, currencies, language, cultural barriers, and logistics. Here are some of the most common challenges ecommerce brands face when looking to expand.
Cultural and Language Barriers
Just because a product sells well in your existing market doesn’t mean it’ll thrive somewhere else. For example, if your bestseller is a product related to a pop culture show in the U.K. and you plan to take it abroad to Europe, Latin America, or India, it might not have the same impact.
Language barriers are also a huge sticking point. Translating your entire website and product line is no easy task — especially if you’re planning to venture into multiple regions that speak various dialects.
Image Source: Uniqlo
Image Source: Uniqlo
Uniqlo shares different collections on its homepage depending on where the consumer is based.
Regulatory and Legal Requirements
Different markets have different rules when it…
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