Benefits Of Ecommerce
Ecommerce is one of the most important facets of the Internet to have emerged in the recent times. Ecommerce or electronic commerce involves carrying out business over the Internet with the assistance of computers, which are linked to each other forming a network.To be specific ecommerce would be buying and selling of goods and services and transfer of funds through digital communications. Nielsen a well known researcher has published new statistics on the overall online shopping trends – Over 875 Million Consumers Have Shopped Online – the Number of Internet Shoppers Up 40% in Two Years. The market of buying online is to soar in the next 5 years.
The benefits of Ecommerce:
a. Ecommerce allows people to carry out businesses without the barriers of time or distance.One can log on to the Internet at any point of time, be it day or night and purchase or sell anything one desires at a single click of the mouse.
b. The direct cost-of-sale for an order taken from a web site is lower than through traditional means (retail, paper based), as there is no human interaction during the on-line electronic purchase order process. Also, electronic selling virtually eliminates processing errors, as well as being faster and more convenient for the visitor.
c. Web design Companies describe how ecommerce is ideal for niche products.Customers for such products are usually few. But in the vast market place i.e. the Internet, even niche products could generate viable volumes.
d. Another important benefit of Ecommerce is that it is the cheapest means of doing business.
e. From the buyer’s perspective also ecommerce offers a lot of tangible advantages.
1. Reduction in buyer’s sorting out time.
2. Better buyer decisions
3. Less time is spent in resolving invoice and order discrepancies.
4. Increased opportunities for buying alternative products.
The strategic benefit of making a business “ecommerce enabled” is that it helps reduce the delivery time, labour cost and the cost incurred in the following areas:
1. Document preparation
2. Error detection and correction
4. Mail preparation
5. Telephone calling
6. Data entry
8. Supervision expenses