E-commerce Resources - What is ecommerce?

What is Ecommerce?


[Wikipedia] Electronic commerce, commonly known as e-commerce or e-comm, is the buying and selling of products or services over electronic systems such as the Internet and other computer networks. Electronic commerce draws on such technologies as electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well.


Benefits of E-Commerce and Online Shop

  1. Low Cost -Low startup and operational cost are the most amazing advantages of Ecommerce website. With S.E Singapore Ecommerce, you can start your online shop @ S$1,599.

  2. Business Run 24/7 - Your customers are able to access your website, view your products and buy from you anytime.

  3. Expands Geographical or Customer Reach - You can sell your products not only at Singapore, but to anyone around the world with internet access anytime!

  4. Increases Brand or Product Awareness- Having an online shop means that you can easily reach out to millions of consumers looking for what you are sell anywhere in the world.

  5. Customer Loyalty - Another advantage of ecommerce is that it creates a market where customers can purchase the items you sell, and view the unique ways on how it is displayed. Ecommerce can help to describe your product in an informative, visual and interactive way. So what happens is that customer will be loyal shopper by buying from you; making ecommerce a great simple tool for customer satisfaction.

Increasing Business Sales, Company Profits and decreasing Cost

 

Since ecommerce is a business that is sans a physical entity, the cost of running, marketing, and selling products reduces great extend. With the purchase and marketing tactics being reduced; it leads to increasing the sales to a great extent. Naturally the margin of profit will increase, giving you the eternal satisfaction of running the business.

 

 

 



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