E-commerce means doing online business using the net. E-commerce solutions allow the website to offer online shopping services so as to sell services and products. E-commerce sites should have shopping cart facilities and secure payment gateways to collect payments.
E-commerce can be defined as a procedure to experiment with the retail world with no standard upfront investment required in establishing a physical store. It avoids the cost and time in training the salespeople, by choosing an e-Commerce solution with planned stock. E-commerce templates are easily available for standard online shopping transactions. Purchasing solutions means managing the whole online shopping requirement as eBay requires no online expertise to execute the solution.
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It gives direct access to clients without middlemen. Direct interaction with clients provides a chance to tune the goods to client requirements. Higher profit on every trade and direct interaction with the clients are direct advantages of e-Commerce websites.
It provides exposure to more sales prospects. Though, existing channels of distribution stop stepping aggressively on the revenue prospects, approaching a distinct market segment is a possibility as the internet provides an opportunity for international business. E-commerce stems opportunities for innovation. The Exposure provides a chance to explore the thoughts of a better product and showcasing it to get better sales.
It introduces new clients with many needs of the worldwide market. A presence in the international market provides opportunities to transfer goods depending on the requirements across continents. E-commerce streamlines the internal procedure by a decrease in the procedures involved in a sale and hence efficient cost saving on a permanent basis.