what are the benefits of ecommerce

what are the benefits of  ecommerce 

Commerce

Commerce refers to all the activities in the purchase and sales of goods or services.The most effective means of selling the product as considerable demand exists of internet.

the most effective means of selling the product as considerable demand exists on the internet.

Read more: http://www.businessdictionary.com/definition/commerce.html

the most effective means of selling the product as considerable demand exists on the internet.

Read more: http://www.businessdictionary.com/definition/commerce.html

the most effective means of selling the product as considerable demand exists on the internet.

Read more: http://www.businessdictionary.com/definition/commerce.html

the most effective means of selling the product as considerable demand exists on the internet.

Read more: http://www.businessdictionary.com/definition/commerce.html

the most effective means of selling the product as considerable demand exists on the internet.

Read more: http://www.businessdictionary.com/definition/commerce.html

Marketing

    Marking a product to reach customers

Product display

    For selection of products by customers

what is E-Commerce

Electronic commerce is the process of buying and selling or exchanging of products, services, and information electronically via telecommunication network including the internet.

The product can be delivered online or physically delivered to location
The service can be provided online or in the physical world
It is not mandatory for a business to perform all of the commercial activities online.

what are the benefits of  e-commerce

1)Benefits To Businesses

• Low barriers to starting a business
• Wider reach of customers
• Reduction in business operating costs
• Reduced inventories cost
• A business can order product from a supplier when needed-automatically
• Collaborations between businesses
• Easy audit
• Easy to monitor electronic transactions
• Easy to establish trust, By customer ratings and reviews
• Better customer behavior analysis-personalization (consumer profiling)
• Companies sell customer data! (preferences/choices, purchases, locations, etc.)

Examples are personalization software used by marketers;

2)Benefits to consumers 

• Better shopping experience
• Lowered prices
• Time and cost saving (time and cost associated with traveling)
• Products comparison
• Product information
• Product reviews
• Product comparison websites
• Hassle free (secure) payment (online Bank to bank with no cash involment)
• Anytime buying from homeNo need to travel to get a product
• Home delivery
• Customised products