Hello guy!!! Now a day’s people give more importance to the internet. E-commerce is growing rapidly around the world. Many people like to shop online to avoid traveling time and traffic while enjoying the comfort of their own home. With increasing demand for online purchasing more and more business are moving to e-store. Rising internet penetration is expected to lead to growth in e-commerce.
Nowadays India’s e-Commerce revenue is expected to jump from $30 billion at present to $120 billion in 2020, growing at an annual rate of 51%, the highest in the world.
E-commerce has enveloped our lives in such a way that it has become a necessity rather than a passion or striking the technology. Mainly e-commerce deals with the buying and selling of goods and services, or the transmitting of funds or data, over an electronic platform, mainly the internet.
E-commerce is generally used for the buying and selling of goods and service or the transmitting of fund or data over an electronic network primarily the internet. These business transactions occur either as business to business, business to consumer, consumer to consumer or consumer to business. The consumer can now purchase an endless amount of items online using tools such as a digital coupon, social media marketing, and targeted advertisement.
Online retailers have greater visibility to a wider audience. Whereas a physical store may only be known to passersby, an e-commerce store can be accessed and viewed by an unbounded number of internet users. Some of the best ways to attract new customers by using the power of the internet. Every people want to increase their business they do not want to sell a product in limited are only they want to reach in a wider range.
E-commerce help in business to reduce less paper of work. It is a major problem a store is not open 24hours but your e-commerce store offering great products and service 24hours a day along with online customer service, blog, and social media, no longer is your business one singular store with an online presence your business can be the home of your products without having to worry about moving location. You can save lots of money by using fewer employees to perform operations like billing customers, managing inventory and more.
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How and why India to see a high rise in e-commerce soon:
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Attract new customer with search engine visibility:
Everybody well knows that physical retail shop run by branding and relationships but if you have an E-commerce portal for your business then the online customer is also driving by traffic that comes from Search Engine.
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Decrease Costs:
One of the most positive things about eCommerce is that you can decrease the costs of your business. Below are some of the costs that you can reduce by opting for e-commerce:
A. Advertising & Marketing Cost:
If you opt for e-commerce, you don’t have to spend your money on advertising and marketing. However, organic search engine traffic, social media traffic, and pay-per-click are some of the advertising channels that are cost-effective.
B. Personnel:
A complete automation of check-out, billing, inventory management, payments and another type of operational costs lower the total number of employees that you require to run your e-commerce business.
C. Eliminate Travel Cost:
Now, customers do not have to travel long distances to reach their desired stores as e-commerce allows them to visit the e-store anytime without traveling. With a few mouse clicks, customers can make their purchase and have a wonderful shopping experience.
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Contact people not only limited area but across the world:
if you are running a physical store then are you sell your product only in the limited area. but with an e-Commerce website, you can sell your products and services across the world. Electronic commerce through the internet enables customers to choose a product or service of their choice from any vendor anywhere in the world. Customers can buy any product from anywhere in the world without moving away from their workplace or home through the internet
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Comprehensive descriptions of products
An e-commerce site provides its customers with data sheets that contain all the features and characteristics of products. This datasheet can also contain ratings given by other customers who have already bought this product. Also known as a product catalog, this document gives the customers all the information they need about the products that they want to buy. Armed with this knowledge, the customers can make informed decisions as they buy products. The customers can also go through the details of each product before they buy it.
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Record and refer to the buying habits of your customers
The website is able to record the activities of each person who visits it. The website can record the items that were viewed, the pages that were visited as well as all the items that were bought. By using this information, the owners of the online store can learn what their customers desire most then provide it.
Conclusion:
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