How to get GDPR Compliant Privacy Policy

general-data-protection-regulation-2018

Getting your GDPR Compliant Privacy Policy, you must start to work on making changes on your website to comply with the GDPR (General Data Protection Regulation). It will take effect this coming May 25, 2018. To get your privacy policy effective according to the EU standards. Check out this free tool I found online to generate your own privacy policy. This is a German company called DGD. Use the free tool as a guide. I would suggest you read the privacy policy before applying it to your own store.

They assure that their privacy policy has been adapted to the provisions of the General Data Protection Regulation. You can tailor the policy according to your needs. They provide German and English as the main languages.

In my own point of view, their GDPR Compliant Privacy Policy is easy and quick to use. They have data services to offer. Though I am not suggesting to use them.

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How Amazon Makes A Strong E-commerce Business

amazon

Amazon seems to stay one step ahead in the online retail industry, with a market value of $427 billion. How do they do it? How do they increase their revenue for past several years?

According to a Sellbrite infographic, the company, Amazon focuses on customer service and development than emphasizing on sales and profits.  The reason why 35% of the company’s revenue stems comes from purchases and upsells on the online store.

What’s making money is the retail sales, which describes for two-thirds of the company’s revenue stream. In the second place, the third-party retail sellers which are 17% of the revenue.

The infographic noted that Amazon is expected to grow and hit 50% of its e-commerce domination by 2021.

news source: www.techrepublic.com

 

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2018: Predictions of Retail Selling

retail selling

Retailers are dramatically changing the current state of retail selling.  While e-commerce online stores rapidly increasing. More brick-and-mortar stores are closing.  People are making their buying decisions on e-commerce stores quickly.

E-commerce is expected to change faster as its current retail trends show that 51% of Americans prefer online shopping.  At least 23% year-over-year is growing and expectations of using voice assistants are already being used.  40% of millennials used voice assistants to make purchases online.  This will continue to grow as more consumers integrate digital phones and devices into their shopping habits.

With the retail closures, eight e-commerce experts share their thoughts on the future of e-commerce in 2018 and beyond. Here are the trends to be aware of.

From Tomas Slimas – Co-founder and CMO, Oberlo.

It’s never been easier to launch your own online store, find a product to sell, or start an advertising campaign. In the near future, we’ll see even more aspiring entrepreneurs breaking through into the world of e-commerce, who may not have had the means to do so previously.”

From James Gurd – Owner, DigitalJuggler.

In 2018 we’ll see more companies investing in chatbot services to automate part of their customer service process. The market for chatbots and automated customer service is growing; a Business Insider survey reported that 80% businesses expect to have chatbot automation implemented to some extent by 2020. A LivePerson survey of 5,000 consumers showed that 67% had used a chatbot for customer support in the last 12 months.”

From Visakan Veerasamy, Content Strategist, CandyBar.

I think the ‘ nobody is 100% offline anymore’ is the critical part. That and tech is getting more user-friendly & the users are getting more tech-savvy, which means there’s a whole new area between ‘ traditional e-commerce’ and ‘ traditional offline retail’ opening up — it will be an exciting space that rewards bold new entrants.”

From William Harris – E-commerce Expert – Elumynt

In 2018, e-commerce will see much better 1:1 personalization. It’s going beyond just‘recommended products’ based on everyone else’s buying habits, and instead, giving catered recommendations based on your individual preferences.

The times are changing and we’ll see more subscription-based products. Retailers must realize that they have to compete with online subscriptions to survive in the business.

Both brands and customers should be advised to take a different strategy and look at the future of online retail if they want to succeed and compete in the retail sector.

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