What is e-commerce?
E-commerce is quite simply the purchases of goods and/or services by the Internet to date over 40% of all Internet users have made an online purchase spending almost 1.5 trillion dollars a year in commerce is split into four categories business-to-consumer b2c is what most people think of when they hear eCommerce remember when you bought that new t-shirt about Google from Amazon
Top of the list of advantages of eCommerce
is the low financial cost, but other pros include selling internationally, retargeting customers, personalization of the buying experience, etc. These benefits of e-commerce will help you determine if starting an online store is right for you. If your target is to earn a lot of income, eCommerce is probably not the right solution. On the other hand, if your objective is to sell a product or service locally, eCommerce maybe your best option. Let us examine each advantage in turn.
Low Financial Cost
If you are selling a product or a service locally (i.e. selling a locally-produced widget) you probably won’t need to have your own website. For businesses with online store solutions, it is a requirement. This means that your business will only require your time in setting it up.
If you have an online store solution, you can also sell your products or services internationally (or sell to businesses in multiple countries) since your store will be accessible through the internet. Your online store solution will also have an international directory of all countries that you are willing to do business with. This makes it easier for you to locate potential customers in where you are located. You probably won’t need a website since this task is done by your online store solution.
Customers usually come across your website through search engines such as Yahoo and Google. This means that they are automatically brought to your site. This feature is an advantage of eCommerce- it is automated and thus reduces the chance of errors. It also allows you to serve your customer better. For example, if you are selling a widget and a buyer tells your system that he needs a pair of those widgets in two weeks, you can immediately send it to him. You can also offer the buyer some discount in the probability of him ordering it in future. It also lets you provide customer better support.
Online shopping is a great boon for people who are interested in making money online. With a good eCommerce platform, you can make your life easier and your business profitable. The eCommerce platform will also allow you to serve customers better. If you’re interested in earning a lot of money online, you may want to check out the benefits of shopping online.
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