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What is the importance of eCommerce ??

ankit007ankit007 subscriber Posts: 238 Silver Level Member
edited November 2018 in E-Commerce
Please share your views on Ecommerce


  • Jeff MarlonJeff Marlon subscriber Posts: 71 Bronze Level Member
    E Commerce is basically business trading on internet. Its very convenient for people to trade online because boundaries doesn't exit on internet. You can offer your product to any target market and can enjoy profit share from the entire world.
  • sashwatmeghsashwatmegh subscriber Posts: 38
    Ecommerce functionality to your website helps you and your customer to use your service in much better way. Ecommerce gives you a platform to provide your customer a facility to pay in an online platform.
  • RH-CalvinRH-Calvin subscriber Posts: 59 Bronze Level Member
    E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds 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.
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  • graysongrayson subscriber Posts: 12 Bronze Level Member
    1. Ecommerce websites give customers information

    Not everyone is comfortable with buying something without knowing if it is worth their hard-earned money. While the best source of product information in a regular bricks-and-mortar store comes from whatever is printed on the back of a package (and sometimes store’s employees), a website can give customers images, videos, brand descriptions, promotions, product details, reviews, and more. According to Adweek, 81% of shoppers conduct online research before making purchase decisions. Whether customers are buying online or in store, displaying relevant information plays a vital role in persuading them that your product is what they are looking for.

    2. Location and time flexibility

    As long as shipping and specific countries’ regulations are not a problem, ecommerce business makes tapping regional and international market possible. A website also runs 24/7, making opening hours and time zones irrelevant. It is good to know that sales increases even when you are asleep. Additionally, by having a store online, you help (prospective) customers avoid miscellaneous costs like gas, parking and commuting time.

    3. Relatively lower costs and competitive pricing

    Depends on the size of your business and how much you are willing to invest in your website, the costs to run an online business can be relatively lower than a physical store. Overhead expenses like rent, water, electricity, and repairs either become non-existent or minimized, and thus you are able to offer competitive prices. Should there be such a reduction, make sure to mention that in your product page in order to encourage customers to buy.

    4. Ecommerce websites go hand in hand with social media

    There is a good chance that you and your (prospective) customers are already frequent social media users. While your website is where products are stored, social media (Facebook, Twitter, Instagram, etc.) is where products are marketed. Only owning a physical store limits the ability to connect your product’s value with that of customers, but well-thought and engaging stories and images of your product on their news feed does. Plus, convenient use of the message/comment function equals real-time customer service. Determine the time that customers are most active online and which social media platforms drive the most sales to build and maintain your unique relationship with customers.
  • nadynnnadynn subscriber Posts: 18 Bronze Level Member
    Ecommerce is a must! No business can be successful without a website
  • euruseurus subscriber Posts: 17 Bronze Level Member

    When it comes to E-commerce most of the information you will be able to find online is marketing related. Because marketing is the easy part. That’s why almost everybody assumes that all it takes to build an E-commerce operation is good marketing.

    1. Suppliers and supply chain management

    You are or plan to be a retailer in an increasingly competitive market. It means a lotto come up with a great idea, drive good traffic and convert it to sales but you can’t do that without the right products, delivered at the right time, with a price the market is willing to pay.

    2. Warehouse operations

    Seal the dealwith the suppliers and it’s off to the Warehouse, thatmagical place where online retailers pick products from the shelf, pack themneatly and prepare those products to be delivered.

    3. Shipping and returns

    Shipping isusually an outsourced service. The best thing to do,unless you’re swimming in cash and you want to start competing the likes ofFedEx and DHL, is employ one of the shippingproviders andnegotiate your way to a marketable shipping cost.

    6. Marketing and loyalty programs

    Loyaltyis really hard to acquire these days. Especiallywhen it comes to ecommerce. Most users will be searching for the lowest priceand buy from whomever the seller is. But you can fight the trend with loyaltyprograms .

    These are the most important component of successful E-commerce companies.

  • Adam JonesAdam Jones subscriber Posts: 124 Silver Level Member
    As well as selling a physical product, eCommerce can be used to sell digital products, consultations or appointments, or intangibles, making it a flexible solution for all kinds of businesses.
  • CarlbrewsterCarlbrewster subscriber Posts: 160 Silver Level Member
    An Online E-commerce store is same like an normal street shop where you can buy most of your desired products at your door steps!
  • MariyaMariya subscriber Posts: 2 Member
    edited April 2017
    measure importance of eCommerce is, customer buy anything from online websites.
  • charucharu subscriber Posts: 27 Bronze Level Member
    E-commerce is expanding brands and influencing customers for online shopping. E-commerce is influencing purchase decision and providing excellent customer service.
  • rhinestonesuperstorerhinestonesuperstore subscriber Posts: 1 Member
    edited September 2017
    It would be easier for the customers to buy products through online. But
    E-commerce is just setting up your online business as if after you launched your store, you're done. No, you are just about to start your online business, what you need to do after you launch it is to introduce it to Google. Google should recognize it in order to make it visible to viewers. It needs SEO.
  • Md. Yousuf HossainMd. Yousuf Hossain subscriber Posts: 2 Member
    This first thing is creating a attractive ecommerce site. The more attractive sites means more customer will visit your site and purchase.
  • seodevelop1seodevelop1 subscriber Posts: 24 Bronze Level Member
    Electronic commerce, or Ecommerce, which literally means business trading through the Internet, has been around the globe since mid 90s. However, until the recent few years, Ecommerce is getting more and more attention from entrepreneur and consumers, both local and international. One of the main reasons is due to the highly successful operations of some well known names on the Internet, such as eBay, Yahoo and Dell. The sales revenue these companies shown in their annual reports are without doubt, one of the biggest factors why Ecommerce is important in the commercial market nowadays.
  • Jenifer DuranJenifer Duran subscriber Posts: 1 Member
    E-commerce website allows your business to sell you’re offered products and services to your online customers all over the world. These websites smash the barrier of geographical location of business also gives you a enormous spectrum of viewers and therefore possibility of better overall sales.
  • saravanansaravanan subscriber Posts: 389 Silver Level Member
    E-commerce website allows your business to sell you’re offered products and services to your online customers all over the world. These websites smash the barrier of geographical location of business also gives you a enormous spectrum of viewers and therefore possibility of better overall sales.
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