The Right Process in Ecommerce Now
In a nutshell, Ecommerce is just the process of buying and selling products by electronic means cordless vacuum cleaner malaysia review, such as mobile applications and the Internet. E-commerce refers to retail and online shopping, as well as electronic transactions. E-commerce has vastly increased its popularity in recent decades and, in a way, is replacing traditional brick and mortar stores.
Ecommerce allows you to buy and sell products on a global scale , twenty-four hours a day, without incurring the same expenses as you would run a brick and mortar store . For the best marketing mix and conversion rate, an e-commerce venture must also have a physical presence; this is better known as a click and mortar store.
What does e-commerce mean?
- Although most people think of ecommerce as business to consumer (B2C), there are many other types of e – shop. These include online auction sites, Internet banking, ticketing and online and company-to-company Transactions (B2B) reservations.
- Recently, the growth of e-commerce has expanded to sales using mobile devices, which is commonly known as ‘m-commerce’ and is simply a subset of e-commerce.
- Why has e-commerce experienced explosive growth in the past decade? As the internet becomes ingrained in our daily lives, e-commerce acceptance continues to grow, and companies are taking advantage of it.
In the early 2000s, many people were skeptical about handing over the card details to an online retailer. Virtual store transactions are now second nature. SSL certificates Encryption and reliable external payment systems, such as Paypal, Worldpay and Skrill, have helped to improve people’s confidence in e-commerce.
But before that, here are our top rated e-commerce platforms that we think are the best fit for any need.
Starting an e-commerce business has never been easier
Solutions like Shopify and WooCommerce allow even less tech savvy people to create a store. Gone are the days when hiring a designer and a Web Developer to get your ecommerce business off the ground is needed. Currently, design templates and WYSIWYG systems allow people to start an e-commerce store in minutes.
As a result, people are reaping all the benefits that e-commerce stores have to offer.
Below are seven reasons why e-commerce is such an attractive option for business owners:
Locations – With a brick and mortar physical store, you are geographically limited to nearby markets, that is, if you have a store in New York and want to sell in New Jersey as well, you will need to open another physical location. E-commerce does not have this limitation. Instead, you can sell to anyone, anywhere in the world, through your digital e-commerce business.
Always open – Physical businesses often have limited hours, but an online e-commerce store remains “open” 24 hours a day, seven days a week, 365 days a year. This is extremely convenient for the customer and an excellent opportunity for merchants.
Cost Savings – E-commerce companies have significantly lower operating costs compared to physical stores. There is no rent, no staff to hire and pay, and very little in terms of fixed operating costs. This makes e-commerce stores extremely competitive in price, which generally drastically increases market share.