Bangladesh is a developing nation where the number of internet users is increasing rapidly. Stats suggest internet users in Bangladesh increased by 7.7 million (+19%) between 2020 and 2021. This also depicts the flourishing prospects for online business both in e-commerce sites and f-commerce sites. The e-commerce sector of the nation has seen a hefty growth of 166% in 2020 only. Stats suggest the market size is expected to be somewhere around $3 billion by the year 2023. Among the active online users (approx. 36 million) of the country, the f-commerce sector has achieved a market size of TK 312 crore. Even though there are plenty of dissatisfied customers, the market size of both sectors continues to grow.

We need a lot more entrepreneurs with proper knowledge on running an online business that is both profitable and customer retaining.

Moreover, the ongoing pandemic has devastated the livelihood of many entrepreneurs of different levels. However, every dark cloud has a silver lining. With the lockdowns and shutdowns, down went the traditional shopping methods paving the path for the new normal of online shopping. Among many other perks of this method, the most important right now is its compliance with social distancing. Therefore, all the more reasons for online entrepreneurs to capitalize on this opportunity. All that is needed is the right skill set and a pious mindset to serve value to the customers.

In order to harness and capitalize on the high potentiality of this industry, we need a lot more entrepreneurs with proper knowledge on running an online business that is both profitable and customer retaining. Selopia recognizes this opportunity and we are working actively to build a better online business industry for the nation and its people.