1. Secure - More secure than a cheque.
2. Fast - The transactions take not more than a few seconds
3. Always on - The purchases can be made 24/7
4. Convenient - Ease of purchasing
5. Reduced cost price - Reduction of Marketing and Advertising Costs
1. Secure - More secure than a cheque.
2. Fast - The transactions take not more than a few seconds
3. Always on - The purchases can be made 24/7
4. Convenient - Ease of purchasing
5. Reduced cost price - Reduction of Marketing and Advertising Costs
In physical stores, many customers pay with currency notes. For a large multi-store retailer, this creates the need for careful cash management. For the tax authority, it creates a problem in being able to accurately evaluate a retailer's earnings. Electronic payments leave a stronger trail, and this helps the retailer as well as the tax authority.
There are tons of benefits of using an e-commerce store, some of the benefits which are very fruitful are:
1) Convenience & Easiness
2) Attract New Customers with Search Engine Visibility.
3) Low cost for inventory Management.
4) Keep Eye on Consumers’ Buying Habit.
5)Selling Products Across the World.
6) Stay open 24*7/365.
e-Commerce site is the best option. Just you will need to learn so many things to manage it. You should have the knowledge of web development and design. You will have to learn the integration of payment gateway as e-commerce site will need that. You should learn the security things for securing the all details which your customers used to share online. Those should not be disclosed or hacked as there are bank details, credit/debit card details etc.
You will need to introduce your website so you will get the visitors and your customers. SEO is the part of it, you will need to perform it to catch the new clients online. You will need to write the unique contents on your website.
So there are so many things which comes under single website design and development.
eCommerce sites avoid the security issues related to payments. You can select the payment gateway and can integrate it with you website. There are options to pay using button click but really not sure how safe they are for online transactions
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It is not unusual for customers to travel long distances to reach their preferred physical store. E-commerce allows them to visit the same store virtually, with just a few mouse clicks.
Store timings are now 24/7/365. E-commerce websites can run all the time. From the merchant's point of view, this increases the number of orders they receive. From the customer's point of view, an "always open" store is more convenient.
There are various benefits of E-commerce are given below.
1. Convenience and Easiness
2. Lower cost
3.Competence
4. Provide Comparison Shopping
5. Create Markets for Niche Products
1. Overcome Geographical Limitations
2. Gain New Customers With Search Engine Visibility
3. Lower Costs
4. Locate the Product Quicker
5. Eliminate Travel Time and Cost
6. Provide Comparison Shopping
7. Provide Abundant Information
8. Remain Open All the Time
9. Create Markets for Niche Products
Advantages of Ecommerce Business model
a) Faster buying & selling of Goods.
b) No Geographical limitations
c) Better quality of services
d) Easy to setup & manage business compare to physical store
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Everyone associated with Ecommerce is already aware of the benefits it has to provide us
Ecommerce has the following advantages
Faster buying/selling procedure, as well as easy to find products.
Buying/selling 24/7.
More reach to customers, there is no geographic limitations.
Low operational costs and better quality of services.
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