Benefits of e-commerce in today’s market environmentadvantages of e-commerce, benefits of e commerce to organization, benefits of e-commerce site, benefits of e-commerce to customers, what is e-business and its benefits
The world is not getting away anytime soon from the internet because of its countless advantages and benefits. Most of the businesses are already on one or the other e-commerce site and expanding whereas the ones left have got to adapt to E-Commerce for this is the way the future is going to be. The sale rate is growing at a pace of 19% each year.
There is more than 80% of the total population worldwide purchasing online. The customers expect you to be available 24*7*365, and this presence allows you to keep up with the competition.
For customers, shopping online saves time as there is no Standing in Queues, offers a wide variety of product line and allows for cost savings in terms of taxes. It reduces traffic and air pollution and contributes to lessening global warming. For any business, the benefits are no less.
The business can actually cut down the operational cost of a physical store. The cost of marketing online across the globe is peanuts when compared to the actual cost of marketing in the traditional way.Everything gets automated, thus decreasing the associated costs to it. Also, you can keep a track of the buying behavior of customers which helps you serve them better.Your website you use everyday collect tons of data about what of sites we visit, what kinds of things we purchase, how long the customers stay on your site, what they look at, etc. To drive traffic to your website, you can optimize the content on it and you can develop more web pagesso that the search engines can index them and boost your placement.
It’s important to use good keywords in your content that are optimized for your audience, as this is what will drive traffic to your site. You can provide more and more information about your product/ service so that it becomes easy for them to make a choice. As your site gets more visibility, people will become familiar with your brand and reputation.Other advantages may include: extremely low risk,increased ability to measure and collect data,opens the possibility to a market of one through personalization,increased interactivity.
An e-commerce business reaches people worldwide unlike the physical store which is restricted to a very few. Rather than being a luxury, it is more of a necessity for a business to the E-Commerce way.
There are certain advantages to the nation also viz. Reduces regional imbalances, Reduces unemployment, Economic development, Availability of goods, etc. The E-commerce is beneficial to all B to B, B to C and C to C businesses. The way it is developing and growing and giving its impact in the future, the business will only be carried forward this way and all business, small or big has no choice but to jump on to the E-Commerce. All you need is to be responsive to the needs of your business and your customers and you will thrive like anything.
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