what are the 10 advantages of e-commerce?
Answers
Explanation:
What are the Benefits of E-commerce over Traditional Commerce?
2) Easy way to gain customer by search engine visibility. ...
3) Lower cost/investment. ...
4) Locate product quickly. ...
5) Save travel time and cost. ...
6) Enables deal, bargain, coupons and group buying. ...
7) Abundance of information. ...
8) Remains open all the time.
With the proliferation of the internet and technology, the e-commerce sector has completely revolutionized the principles of buying and selling. By acquiring enormous popularity over social media, news portals, and search engines, e-commerce websites have been highly preferred by most of the customers over traditional offline retail shopping.
When you are running a business in an era where changes are happening on a daily basis, you do not understand which bandwagon to hop on or which can be a risky deal. Although traditional commerce has its advantages, thousands of businesses rely on e-commerce as it decreases investment and increases the convenience of the customers.
For those planning to start a business, an e-commerce website can help you deploy an impeccable money-making strategy without experiencing the stresses and limitations that arise with a brick and mortar business. And for those already running a standard business, it’s time to future-proof your business against the advancement of the internet with a fully-functional e-commerce website.
Why Traditional Commerce Retailers should Embrace Ecommerce?
With technological advancements, the shopping trends among the customers have radically transformed over the past few years. Also, the soaring popularity of online shopping has completely integrated into our lives and imagining a day without it seems to be a daunting task. As per Statista, there has been a tremendous rise in the sales of e-commerce websites every year. With a whopping amount of $2.8 billion in the last year, retail e-commerce sales are expected to reach $4.88 billion by 2021.