By 2040, around 95% of all purchases are expected to be via eCommerce.
eCommerce is opening the doors of opportunity to uncounted entrepreneurs. If you are serious entrepreneurs then you can easily to set up an eCommerce business with your limited capital. With consumers increasingly relying on online shopping — In this tutorial, you can know What are the Benefits of eCommerce?
According to thebalancesmb.com
Among the top benefits for starting an e–commerce business are eliminating geographical limitations, gaining new customers with search engine visibility, lower costs for maintenance and rent, and higher capacity for goods and deliveries
Fast buying process and save time
Traditionally, If any customer wants to buy a specific thing then He has to pre-plan his shopping trip. He has to rearrange his schedule and go to the outlet to make the purchase.
In this era, we are so busy and everyone is careful about time. No one wants to waste time.
So here are the main benefit of eCommerce is that it save customers time speeds up the buying process. You need to pre-plan for a shopping trip and rearrange your schedule and go to the outlet to make the purchase.
This is the prime advantage of online shopping than traditional shopping.
You can buy anything from anywhere at any time without any re-plan. Even you no need to carry your product you get your product at your home or where you like to ship.
No Geographical Limitations
An eCommerce business is able to sell products and services worldwide to the targeted location and at targeted customers, eCommerce help you explore new markets and reach globally at a lower cost using technology power. There are no limitations to business. eCommerce business is not restricted to geographical boundaries like a traditional store or physical store.
It’s very easy to run and manage your online business from anywhere in the world. If you have access to the internet, your email, and maybe phone service, you can administer your store from wherever you are: be that in your home. office, or on holiday, at Starbucks, or on the beach.
It’s only possible by eCommerce or Online Store to get an unlimited customer. Think about Amazon or Alibaba if they didn’t start their business online and plan for eCommerce business then traditional business. Jeff Bezos now one of millionaire among world top 10 millionaire. He is the founder, chairman, CEO, and president of Amazon.com
Every month more than 197 million people around the world visit Amazon.com to purchase their products That’s more than the entire population of Russia.
So get Unlimited Customer is one of the most benefits of eCommerce business
Open All the Time 24*7/365:
Think about the physical store. Is it possible to open your store all the time? Of Course, the answer is NO. But eCommerce can your business run all the time. You’re literally always open. A potential customer can buy anytime from your website. You don’t have to pay for the resources to physically keep a store open 24 hours a day.
Stay open 24*7/365 is one of the most important benefits eCommerce
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 advantageous.
Offer detailed Information:
Customers want to know a comprehensive description of the products before purchase products. In a physical store, it is quite difficult to equip employees to respond to customers who are looking for information on different product lines.
eCommerce provides a comprehensive description of products to their customers without any hassle and it is one of the major benefits of eCommerce. Customers can get huge information that is not possible in a physical store.
An eCommerce website can offer its customers a product catalog that has datasheets featuring all the useful information about its products and services.
Products are listed or display base on characteristics, its usefulness, and specifications
Customers can know about the ingredients of edible products and collect background information before buy which is not possible in retail outlets or physical stores.
Reviews is another advantage of eCommerce business for buyer and seller. It helps in a big way to increase sells and customers get the best benefit of products. 70% of customers consult reviews or ratings before making a final purchase. Intelligent shoppers never purchase a product without knowing characteristics, its usefulness.
Also, Reviews can make your future customers feel that much more confident. The more reviews you have, the more convinced a shopper will be that they’re making the right decision.
Best Customer support
Can you imagine 24 hours of customer support from a physical store and if there are unlimited customers buying products at the same time? No, it’s never possible from a physical store but eCommerce can give effective customer service at 24 hours. No matter what is the number of customers is there. Customers can call at any time of the day and night as it is open 24*7.
Create Markets for Niche Products
It is difficult to locate each other in the physical world for niche products. Using the power of internet and search engine Google customer can easily find the desired products.
So there is a big opportunity to create an eCommerce website for niche products.
Google Keyword Planner is an awesome tool to get an idea about keywords.
Less store setup cost and quick ROI (Return of investments)
There are day-night differences between Physical Store and eCommerce on the base of the store setup cost and quick ROI. Specifically, If you want to know the most tangible benefits of eCommerce then low cost and quick ROI (Return of investments)
You can set up your eCommerce Business and Website with paid marketing within $5000 then is less than 2 months the rent of stockroom in UK or USA
Low maintenance costs
How much you have to pay for monthly maintenance in a physical store?
But in the eCommerce business, the maintenance costs are very very low. You can automate business management using a web-based management system. Hiring a remote virtual assistant from a freelance market place like Upwork, freelancer. Create a chatbot that fully makes automate eCommerce business and marketing.
Avoid human error while dealing with customers.
eCommerce business is fully technology-dependent and computer and software base. So there is no way to make any mistake while dealing with customers.
Compare product and price
The customer always wants to buy the best product with less price. It’s so hard to compare product and price in a physical store but eCommerce business offer option to Compare product and price before buy. Also customer manually cad do this searching by Google.
Easy way to reach the targeted customer
We already know that there is no restriction or geographical limitations in the eCommerce business. So businessmen easily reach the targeted customer. They can create a marketing plan on the base of the targeted customer.
Facebook Ad and Google Ads is the most popular, easy and cheapest way to reach your targeted customer