- What is eCommerce?
eCommerce refers to any form of business transaction conducted online.The most popular example of eCommerce is online shopping and trading through the Internet, which is defined as buying and selling of goods via the internet on any device. However, it also includes other types of activities, such as online auctions, payment gateways, online ticketing, and internet banking or even more.
From startups to small businesses right through to huge brands, many companies can benefit from having their own eCommerce site, where they can sell their own products or services effectively. eCommerce also helps a retail store owner to sell stuff from a particular area to different geo-location, this definitely helps seller to earn more.
eCommerce is a flexible solution for both businesses and buyers. In todays competitive and convenience focused society, very few people have the time and patience to hit the high street to buy items. Most of us just prefer to shop online because of its convenience. eCommerce can solve the problems like limited amount of stock, heavy price, and many more for consumer. Furthermore, consumer can buy stuff at a much cheaper price than a retail store and have variety of options to buy from ranging from different categories.
- What are The Benefits of eCommerce?
Here’s the top 5 reasons why ecommerce and moving online are so important for your business:
Broaden Your Brand
Ecommerce is an ideal way to innovate your brand from a traditional brick and mortar store into well loved brand. By offering great products 24 hours a day long and providing tools like online customer services, blogs and social media, eCommerce allows you to give a character and personality to your business. You can fully expand your product ranges without having to worry about moving locations or worrying about not being able to expand your business.
An online store is available all day, every day which means your customers can visit your store at all times, no matter what their schedule might be. Nowadays, people don’t always have the time to physically go shopping, instead more and more people are choosing to shop online to find the items they want or need. If your business can answer your customer’s need, you should obviously appeal to a wider range of customers all looking for a convenient and flexible experience.
Increase Your Outreach
Due to the internet’s accessibility, millions of people across the world can view your website at any time, you have many opportunities to expand their businesses and reach out to a larger audience. Compare the amount of people you can reach through a website to the amount you can reach through a high street store or local advertising, there’s no doubt you shouldn’t look at taking your business online if you’re looking to improve your reach.
Better Marketing Opportunities
Your online store is the best marketing tool that your business would ever have. Most small businessmen cannot afford the services of a traditional marketing agency, however, thanks to the internet, now anyone can market through online tools on the social media. A huge number of marketing techniques like email marketing, pay per click advertising and social media marketing can help you build very useful links and contacts.
If you want to grow your product range and your target audience, as well as develop your business for customer requirements and consumer demand, an ecommerce site is an ideal solution. It let’s you scale your business accordingly, allowing you to add more lines, add more payment options and even grow when you choose to ship to, without having to worry about changing your location or moving to a larger premises like you might with a brick and mortar store. In fact, you may have to rent a store in an up market location to attract high-end clientele in conventional business. However, in ecommerce, you can simply make your online store more visible to your target audience by altering keywords and some internet marketing.
eCommerce offers business a whole range of opportunities, if you are still not present online, it is high time you took a decisive step forward.