What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

Today I’m going to tell about E-COMMERCE Industry and what are the profit and loss of E-COMMERCE ? Should a E-commerce Business or not ? If you want to start your own E-commerce Business then read these points and follow then start your business.😊

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

If you have to buy a new mobile or buy some new clothes then I think you will buy from Amazon or Flipkart first. As you know these are very popular E-commerce websites. What is E-COMMERCE and why do you like shopping online and what are its Benefits ? Today I’m going to tell about E-COMMERCE Industry and what are the profit and loss of E-COMMERCE ? Should a E-commerce Business or not ? If you want to start your own E-commerce Business then read these points and follow then start your business.😊

What Is E-COMMERCE Business ?

E-commerce is the activity of buying or selling of products on online services or over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

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As you know, nowadays mobile is used by everyone. With the increasing use of mobile Internet users have also been growing very fast. India is world’s Top 3rd Country of E-commerce Economy. People do not want to buy any goods from the physical store, but rather they want to buy from the online store. E-Commerce increases 47% of electronic goods every year.📱📸

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

People buy every electronic item from online store like- Mobile, Laptop, Smartwatch etc. And on the other hand, clothing sales increase 37% every year. People like to buy clothes from the Online store more than the Physical store Like- Shirts, T-shirts, Jeans, Shoes etc.👕👖

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?
In the E-commerce you do not do business at any one place but you do your business all over the world without highest Investment and more Manpower.👬

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Advantage Of E-COMMERCE Business

Now I will tell you why E-commerce business is important for you and what are its benefits ?🤷

  • Customer can purchase your product at anytime and from anywhere from your E-commerce Websites.👨‍👨‍👦
  • In the physical store, only those people come who know you and only they buy your products. But in E-commerce Websites, Customer will enter on your website Globally and suddenly they will Buy your products without knowing you.🕴️🚶
  • E-commerce have Web Base Management and you will get Automated Inventory Calculator and you will decrease Manpower Cost, Office Rent, Electricity Bill, Water Bills, Security Cost and then you can save money.👨

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

  • You can track your customer’s buying behavior habit and then you can sell your other same exclusive products easily. You will get some other options to make Relationship with Customer like- Email Address, Phone Number, Billing Address etc, and then you can make that customer loyal for you.🤓
  • Digital Branding is very fast and Cost Effective you can save lots of money with digital marketing and increase your Income. Traditional TV Ads and Print Ads are very costly and you can’t get more results from them. But you can get a large scale results with digital marketing with very low cost.😬

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

  • Their is time bonding limitations in physical store you can’t work many hours countinue then you can’t get regular income but in the E-commerce Business you haven’t Time Limitations Bonding, customer will purchase your product at their country timezone and you will get your income.😳

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

  • In the physical store you can’t handle 10 peoples at one time, you can handle only one customer at one time. But you can provide your service & handle 1000 & more customers at same time in E-commerce Business.😰

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

Challenges/Disadvantage In E-commerce

E-commerce is the best option for your any type of business, you need to pay highest amount for this business and you can grow easily but here is some challenges in E-commerce which are you need to face then you will be definitely get success in E-commerce.🤑

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  • Whenever your website will get lots of traffic and it can’t handle then your website can Crash easily, then it may reduce your sales. You need to prepare to fix any technical issue otherwise your Customer can be Overwhelmed by You.😱

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

  • You need a best team of Graphics Designers & Animators for attract your customers to but your products without take a trail. Because Customer first tends to buy goods. In such a situation, you may also get loss.👮

 

  • Provide products maximum information instantly. If you unable to provide products information instantly then customer can’t buy your products instantly. You can Develope an Artificial intelligence Chat Bots for help customer or you can create a chat forum to solve customer’s problem.💻

 

  • Don’t delay in Products delivery, it can be a lot of trouble for your sales. Try to deliver your products faster to your customers. Those products should be available before you get a product order.😎

What Is E-commerce ? What Are Benefits And Challenges In E-commerce Business ?

Conclusion – In this article I have researched top best topic for E-commerce if you have other important topics for E-commerce then tell us by dropping your comments here. If you want grow your E-commerce Business then I recommend to you, make a best team with some Graphics Designers, Animators and some Digital Marketing Experts. You will easily grow on E-commerce with these steps.😉

So guys if you like our topic on E-commerce then share this with your family and friends. Give feedback us if you want other articles on How To Create E-commerce Website. Thanks & stay blessed TechnoRelate. 😂😍

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