The essential needs of human beings, such as food, shelter, and clothing, force them to work and make money. It is widely advocated that money should not be one’s sole concern. It should not define you or control you. However, money holds significant importance at the same time as one cannot acquire anything without money.

Following that, individuals do jobs and chores to earn a gainful livelihood. They work their heart out and execute substantive hard work to make cash and grow rich. The ever-growing competition in the commercial world makes it even more challenging to obtain a productive job and then prove yourself primarily. It is evident that many exhaust themselves to their total capacity and still end up making less money which is not worth their expertise. This exploits their talents and skillset.

American sociologist James W. Loewen has rightfully worded that,

“It is always useful to think badly about people one has exploited or plans to exploit.”

Having said that, it is a need of today’s age and time to decipher your true worth to earn a justified amount for your many skills. One should think smartly and kickstart ventures where they can acquire the actual gains of their intelligence, smart work and hard work as what is the use of working if an individual is not gaining the actual value of their work.

Many individuals exhibit the exciting pursuit of entrepreneurship which grants exceptional results. Owning and running your own business is better than working for someone else in multiple ways. You are not answerable to anyone else as you are your own boss.

Your employer will not exploit your worth or pay you less as it is you who decide how much money you make. In addition to that, an important factor in running your personal business includes that your profits or income depends on how much you work. The more efforts you execute, the higher the gains.

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What is e-business?

Moving on, the recent paradigm shift into the digital age has made entrepreneurship even easier. The emergence of e-businesses has made it possible for many to set up their own online stores on the web by sitting anywhere in the world. Their processes include production-, customer-, and internal- or management-focused business processes. In plain words, e-business is the pursuit of buying and selling products and services over a computer-mediated network.

An evident spike is visible in e-commerce. Many people worldwide are substantively engaged in jumpstarting e-businesses and becoming big and notable brands in no time. Keeping in view, the outbreak of the novel coronavirus, which has forced humanity to stay indoors, has further added to the rise in online buying and selling activity. The UN trade and development experts UNCTAD revealed that the e-commerce sector saw a “dramatic” rise in its share of all retail sales, from 16 per cent to 19 per cent in 2020. In addition to that, online business-to-consumer (B2C) sales for the world’s top 13 companies stood at $2.9 trillion in 2020.

Which countries have the highest e-business rates

Since the start of times, the world is in constant evolution. Countries pay special heed to up their economic game and increase their GDP. A constructive way to do this is through the rip-roaring venture of e-businesses which ensures higher sales and higher profits. Let’s have a look at some of the worlds top countries which have an exceptionally high rate of e-businesses which is continuing to grow;

E-business in Mexico

Located in North America, Mexico is a country filled with passionate entrepreneurs and business personalities. They are substantially active in the e-commerce business and are making a groundbreaking place in the online commerce world. There has been an evident spike in the e-commerce business in the world’s most exotic country. Mexico is the 17th largest market for eCommerce with a revenue of US$20 billion in 2020, placing it ahead of Poland and behind the Netherlands.

Many passionate young Mexican entrepreneurs started their small-scale businesses through e-commerce websites, and through consistent hard work and smart work, they turned into notable brands in no time. The country encompasses welcoming business laws that help entrepreneurs to grow and expand themselves. This way, young entrepreneurs can practice businesses throughout the world by sitting in their own company.

E-commerce does help not only the person who is in business but also the state. This is because there is an evident flow of foreign exchange in the country as buyers from other countries shop on Mexican e-commerce websites. This helps to promote the economy by bringing in money and increasing the value of their own currency.

The thrilling industry of E-business has also helped make a constructive representation of Mexico in the international market due to its top-tier e-business websites, which provide world-class customer service globally. Evident is the actuality that online buyers rely on reviews and ratings. They confirm the quality and service of different products through prior customer opinions about the relevant website. Mexican websites are stacked with honest and excellent reviews by satisfied customers. This substantively attracts many other buyers and customers, thereby bringing productive traffic to e-business websites.

What is e-business websites?

One may wonder that how can one pull off a business across the world by just sitting in one place? This is made possible through high powered e-business websites, making it possible for vendors and buyers to conduct transactions. These websites manage everything, ranging from searching and selecting products, adding them to the cart, placing personal delivery and payment details, placing an order and checking out. They encompass high-tech software and IT gear to ensure an effective service.

Alibaba

Whenever one hears the name of an e-commerce website, the name of the thrilling and ever-growing online business platform, Alibaba, comes to mind. Launched in 1999, Alibaba is China’s and the world’s largest e-commerce website by some measures. Its three important sites include Taobao, Tmall and Alibaba.com. This e-business company comprises millions of users who do business and make substantive cash. On the other hand, numerous customers also use this safe and secure website to shop their hearts out and acquire their essentials and luxuries.

There are on a constructive mission to make it easy to do business anywhere. They do this by giving suppliers the tools necessary to reach a global audience for their products and helping buyers find products and suppliers quickly and efficiently. Alibaba.com brings millions of products in over 40 different major categories, including consumer electronics, machinery and apparel. Buyers for these products are located in 190+ countries and regions and exchange hundreds of thousands of messages with suppliers on the platform each day. This fast and effective website is growing at an unprecedented rate.

Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group said,

“Alibaba achieved a historic milestone of one billion annual active consumers globally in the fiscal year ended March 2021. Our overall business delivered strong growth on a healthy foundation, with the Alibaba Ecosystem generating a record US$1.2 trillion in GMV during this fiscal year. Such achievements were built on top of clear value propositions that we offer to consumers and merchants. We remain very excited about the growth of China’s consumption economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. We will continue to focus on customer experience and value creation through innovation as we pursue our mission to make it easy to do business anywhere in the digital era.”

Alibaba in Mexico

The enormous e-commerce website is operative in almost throughput the world covering major countries of the world. It comprises sellers from Mexico who sells Mexican products and other products and services from different countries. Numerous Mexican citizens are working on Alibaba and setting up their online stores and business, making an up-and-coming career.

Websites like Alibaba in Mexico

The enormous and ever-growing success of Alibaba has attracted many to set up their own e-commerce websites in Mexico. Let’s have a quick look at five of the most unique and excelling e-commerce websites in Mexico:

1. eWorldTrade

The online B2B marketplace which connects buyers and sellers continues to expand its horizon around the world. It has entered the US and Canadian markets, and now brushing about Mexico. The North American market continues to see eWorldTrade as an attractive domain where Mexican customers enjoy a shopping experience.

A market like Mexico has outstanding potential, which is why it remains an attractive choice for the like. eWorldTrade’s global influence brings trusted buyers and sellers to reap benefits of a large category of products.

2. Coppel

Founded in 1941, Coppel is a nationwide store in Mexico that was primarily a physical store and did not have any web presence. However, now the phenomenal store has a constructive online presence that rivals the American online stores.

Coppel today is a megamarket, both online and in-store. It offers a broad range of goods from prominent brands across categories like electronics, home and furniture, fashion, automotive, sports, and travel. According to Deloitte, Coppel is ranked 156th-largest retailer globally with sales in the fiscal year 2015 of 6,156 million USD.

3. Liverpool

Having an estimated 21.81 million monthly visitors, Liverpool is one of the most efficient and fast-delivery online retail stores in Mexico. It encompasses chains of department stores of the nation. Founded by El Puerto de Liverpool Limited, Liverpool combines a wide commercial offering, an exciting shopping experience, a solid infrastructure and a profitability approach that allows us to serve the customer and thus have their preference. It rivals America’s famous Walmart.

4. Amazon Mexico

Similar to Alibaba, Amazon is also one of the worlds leading e-commerce websites which has operations in numerous cities of the world. Founded in the 90s, Amazon Mexico comprises the most extensive range of products across almost every category that one could think of; Amazon Mexico customers lean on the site most for consumer electronics and technology, followed by software and games.

Amazon also offers digital products like Prime Video, Amazon Music, ebooks, and more. This American company has suppliers and buyers in almost every country, which helps them pull of exceptional efficiency and productivity.

5. Sears Mexico

Although set up by the Americans, Sears Mexico is owned and operated by Grupo Carso in the country. They were also primarily a physical store in the US but now have a constructive web presence throughout Mexico. They offer quality brands across departments like home, fashion, electronics, sports, and beauty. Headquartered in the country, Sears Mexico has 95 stores and has a stock of goods and services for nearly every category.

6. Mercado Libre Mexico

Reaching upto almost 170 million consumers, Mercado Libre is a leading e-commerce platform in Mexico. Founded by the Argentinians, this phenomenal hub of online business allows individuals and businesses to sell products across a range of categories, including automotive, technology, home and appliance, fashion, beauty, personal care, supermarket, and more. With Mercado Pago, pay by card, debit or cash. One can also pay in up to 12 monthly instalments without a card with Mercado Crédito. In addition to that, just by being registered in Mercado Libre, you can have free shipping on millions of selected products.

Conclusively, the above information is a close analysis of how the Mexican e-business industry is working and growing at a high pace. It should be noted that the online business venture substantively contributes to the wellbeing of the country through buying and selling across the world and bringing substantive cash and profits to the country.

It is evident that the Mexican e-business industry is elevating at an unprecedented rate. We have mentioned five of the many online websites in the article above. Noteworthy is the actuality that there are far more e-business websites like Alibaba, operating in Mexico and providing goods and services throughout the world.

The Mexican e-commerce market is projected to expand at a compound annual growth rate of 12.6 per cent by 2021. An apparent increase in the e-commerce venture will continue in the flourishing country of Mexico as the world is not making a colossal shift to online measures of business and work.

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