Today, e-Commerce has revolutionized and enhanced the way organizations and companies do business. With e-Commerce, consumers can purchase almost anything online at any given point in time, and still get an ultimate shopping experience. With the increasing demand of e-commerce, every business is looking to have an online store where they can sell their range of products and services.
In the US, more than 60% of people purchase goods online from the comfort of their home and this figure is increasing constantly. By considering this percentage, we can say that e-commerce is expanding tremendously because of its complete range of benefits that any industry can enjoy.
What exactly is e-commerce?
The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, usually the internet, is referred to as ‘e-commerce’. The term E-commerce is short for ‘electronic commerce’ and is also called EC.
E-commerce transactions occur either from business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. E-commerce can be conducted using a variety of applications, such as email, online catalogs and shopping carts, EDI, File Transfer Protocol, and web services. Over the years, more companies have tried to entice consumers directly online, using tools such as digital coupons, social media marketing and targeted advertisements.
Benefits of e-commerce
The benefits of e-commerce include the following;
Convenience & Easiness:
For many people in the world, e-Commerce has become the preferred way of shopping as they enjoy it because of its easiness and convenience. They are allowed to buy products or services from their home at any time of the day or night.
E-commerce offers buying options that are quick, convenient and user-friendly with the ability to transfer funds online. Because of its convenience, consumers can save lots of time as well as money by searching their products easily and making purchases online.
Businesses that run a physical store, are usually limited to the geographical area they can service, but with an e-Commerce website, businesses can sell products and services across the world.
For effective business transactions, e-commerce is an efficient and competent method. Setting-up cost is extremely low as compared to expanding your business with more physical locations. Very few licenses and permits are required to start-up an online business unlike the physical store, and you can save lots of money by using fewer employees to perform operations such as billing customers, managing inventory and more.
On an e-commerce store, consumers can get description and details from an online product catalog. For your customers, it is very important to get information about the product no matter the time of the day, or the day of the week.
Keep Eye on Consumers’ Buying Habit:
Businesses that use e-commerce can easily keep a constant eye on consumers’ buying habits and interests to tailor their offers to meet consumers’ requirements. By satisfying their needs constantly, you can improve your ongoing relationship with them and build long-lasting relationships.
What We Offer
With increasing demand for online purchasing, more and more businesses are moving towards e-commerce and getting e-stores. TopTeqs provide you with excellent e-commerce solutions. Whether your organization is just starting up or is a large one, our professionals would build and manage your e-commerce stores.