E-commerce

Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.

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E-commerce gives your customers the ability to buy from you without having any limitations imposed by time or distance.

This shows why there has been such a rapid expansion of e-commerce over the last 10 years and why it shows no signs of slowing down. Businesses worldwide are racing to conquer the e-commerce landscape, but with virtually limitless potential for sales there is plenty of room for everybody.

Advantages and Disadvantages of Starting up an E-commerce Shop

Advantages

    • More Clients. There is no local store or company with sufficient offices in different cities that compares with e-commerce’s reach.

 

    • No Schedule. E-commerce does not run on schedules, whereas it is nearly impossible to find a traditional store that is open 24/7. Websites are open all day long

 

    • Less Costs.not needing a physical store reduces the costs of running a traditional business. In addition, when e-commerce brings suppliers together with consumers there are not even production costs.

 

    • Bigger Profit Margin.Cost reduction and market extension mean that, even with lower prices, a bigger profit margin can be obtained than with a traditional store. More products are sold and more money is made.

 

  • Scalability.This means that you can sell to either one or to a thousand people at the same time. In a physical store there is always a limit to the number of clients that you can assist at the same time. On the other hand, with e-commerce, the only limit is your ability to attract clients.

Disadvantages

    • Lack Of Trust. Although payment platforms have evolved to the point of being as secure as any physical business, a lot of people still think that less payment security, lack of trust. This means mistrust. We can help solve it by adding an SSL (https) certificate that encrypts the transferred information as well as by adding other stamps that transmit the necessary trust.

 

    • Products and services that “cannot be seen or touched”. Everyone likes the feeling of making a good investment. A way of making that feeling real is by seeing and touching the products with our hands. That tangible feeling is missing in an e-commerce shop. How can we solve it? With very thorough product cards and by adding images, videos, and very detailed descriptions of the products.

 

  • It takes time to get results: When a physical store is opened, the products are being shown to potential clients right from the very first minute. For an e-commerce, gaining visibility is more difficult than most people may think. You could have a great product and a great platform, but if you don’t work on your visibility, nobody will see them.