Why is e-commerce important for business?
Introduction
E-commerce is best known for the sale and purchase of products or services through the World Wide Web. A medium that allows the buyer and the seller to connect with each other anywhere in the world. This industry has progressed so much in the last 5 years that more than 300 million shoppers are shopping online. E-commerce these days has become one of the simplest, safest and fastest ways to sell or buy products. An industry that has empowered sellers to easily find more customers, sell products, and get paid online. Business models around the world also continue to change dramatically with the advent of e-commerce and this change is not limited to the US alone. Many countries are contributing and helping the e-commerce industry to grow, bringing more business opportunities and employment. .
Advantages of electronic commerce
A retail company always wants to attract more customers to sell its products and increase revenue. This has become very simple to achieve through electronic commerce. Selling products online attracts more customers with a higher profit margin, better customer support, and a managed process. Running a retail business involves teamwork, manpower and investment where as running the same business through eCommerce website to sell products, you need less manpower and investment. Ecommerce is a profitable and easy tool to track orders, customers, sales, products and many more. It is not a major need but a basic need to turn a small business into a big business. Ecommerce helps target new customers through search engine visibility, displaying products that provide all the relevant information, maintaining product quality by reviewing customer feedback, building trust, and being open all the time.
What a customer needs is a computer and a convenient mode of payment to order any product around the world. Online stores offer many payment methods where a customer can order an item by paying with their credit card or debit card, internet banking, gift cards, bank transfer. If none of the payment options are available to the customer, they can always search for COD (Cash on Delivery). This is a feature that helps online stores increase their sales by almost 45%.
Who should be online?
Any company or individual that sells a physical or digital product can have an eCommerce website. It doesn’t matter if you are a retailer or a wholesaler, all you need is an eCommerce website to increase your sales and productivity. We see today that companies that sell toys, shoes, clothes, software, sporting goods, jewelry or any other products are building a good customer base and compared to their physical stores, they have captured the market worldwide at through their websites.
How to put your store online?
People think that developing an eCommerce website is a difficult task, which is actually not true. All you need to do is find the best eCommerce development company in your area and apply for the solution that best suits your business. The most important thing is to choose the right company to develop a website for you. Selecting a company requires looking at experience, websites developed in the past, and knowledge about your industry. A company that is good with custom eCommerce development should be your first choice.
How much does it cost to get an ecommerce website?
These days, getting an eCommerce website is easier because of the pre-built CMS (Content Management System) that all website development companies use. The CMS that are mainly used for eCommerce websites are Magento, Zencart, Opencart and many more. A company building your website on any of the CMS should cost you between $1000 and $2000. Many companies offer eCommerce packages which are better for price comparison.