The prevalence of ecommerce is continuously growing and there is no sign of slowing down. The National Retail Federation expects retail to grow from 8% to 12% in 2018. With promising numbers like these, there are many retailers who consider e-commerce business in today’s’ scenario. With an increase in need of e-commerce, every business person is looking to have their online store where they can sell their services or products.
E-commerce is the commonly used word that defines any kind of business that deals in selling & purchasing of products or services through electronic systems like computer networks and the Internet. Since, past few decades, e-commerce has been growing at a very fast pace and attracting offline retailers to create their presence online too. So, it is a very common question which sellers frequently ask that what are the benefits of E-commerce to an organization?
To ease your trouble we are highlighting a few major benefits of E-commerce to an organization in this article. The advantages are:-
E business provides you an opportunity to reach more and new customers. In a traditional market, retailers run a majority of their business with personal relations, branding & references. While because of SEO, it is quite common for any e-commerce portal to get unique visitors landing on their page just because they were searching for some specific product or service online not because they were especially browsing that website.
Availability is another important benefit of having an e-commerce website. For many people in the world, e-commerce becomes one of the most preferred ways of shopping as they enjoy their shopping due to its easiness and convince. The best thing that caters to e-commerce is buying options which are quick, user-friendly, and convenient. So if you are not present online you will miss those potential customers who want to shop but can’t go to the market because of their busy schedule or time constraint.
E-commerce traders effortlessly keep an eye on the behavior of their buyer's habit and customize their offerings to suit the buyer's requirement. They can retarget their customers online with the same products or new products with the help of their past browsing history. By satisfying their needs instantly, one can build a strong & long-term relationship with their customers.
Benefits of Ecommerce
Online stores are not restricted to geographical boundaries like a physical store and so it gives you a platform to sell your product & services across the globe and target your customers without any location limit & restriction.
E-commerce provides an opportunity to the retailers to get real-time feedback, suggestions & testimonials of their customers. Positive reviews will create a strong brand image of the brand and will build trust in more customers to buy that product while negative reviews will help you to understand the areas of improvement and satisfy your customers in a better way.
One of the most important benefits of e-business is the availability of the products for 24*7/365. By this way, the seller can increase their sales by boosting numbers of orders. However, this will be beneficial for the customer’s also, as they can purchase their products whenever they need, no matter whether it is early morning or mid-night and they can make the purchase from anywhere be it their office or their home.
Last but not the least is its cost efficiency. Creating & managing an online store is much more cost effective in comparison to a physical store as it optimizes the cost of land, rent, water, electricity etc. An online store also eliminates the travel cost of a customer and provides ease full shopping experience both to the customers as well as the seller.
Though the benefits of E-commerce are many but creating a right user-friendly e-commerce portal is also an art. Tekshapers can ease your trouble with its product buyyourkart, specially designed for sellers looking to create an e-commerce portal for their products & services.