Small businesses and entrepreneurs - PowerPoint PPT Presentation

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Small businesses and entrepreneurs

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Small businesses and entrepreneurs are rushing to the internet to do the business and new reach markets. The expansion of the internet has contributed to rampant growth in the e-commerce development. While the e-commerce is used for advertising, business-to-consumer and business –to-business transactions, small businesses and entrepreneurs encounter several challenges. – PowerPoint PPT presentation

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Title: Small businesses and entrepreneurs


1
E-Commerce Small Businesses and Entrepreneurs
Small businesses and entrepreneurs are rushing to
the internet to do the business and new reach
markets. The expansion of the internet has
contributed to rampant growth in the e-commerce
development. While the e-commerce is used for
advertising, business-to-consumer and business
to-business transactions, small businesses and
entrepreneurs encounter several challenges. Also
known as an online store, an e-commerce website
has features that make it easy for the customers
to browse for the products, pick them out, put
them on a cart and then pay for them at the
checkout. At the beginning of the 21st century,
we saw a huge surge in the way that the internet
was used with regards to buyer seller
interactions for hard goods. Companies like
Amazon, eBay, and Alibaba have flourished,
offering the cheap quality goods and prompt
delivery services. It has become easier than ever
to integrate a workable solution that will work
for many people. The big question remains what
are the benefits of e-commerce for the small
businesses and entrepreneurs?
2
  • Here are some of the advantages of the
    integrating an E-Commerce system
  • Increase in sales There has been to a tremendous
    increase in online sales over a couple of years.
    This attributed to the fact that most people
    prefer the ease of access and convenience that
    comes with the E-Commerce platforms.
  • Increase in Customer It is clear that an
    e-commerce development service brings a lot of
    convenience in terms of payments. This therefore
    automatically invites more customers and also
    impulse buyers. The online payment system may
    accept the different modes of payments, this
    makes it easier for small companies to get the
    customer diverse background.
  • Ability to be open 24/7 Many small businesses
    that do not use
  • e-commerce may find it difficult to be open 24/7
    due to multiple overheads that come with it in
    terms of staff and utility payments. On the other
    hand e-commerce website Development Company
    makes it possible for a business to be open and
    accessible round the clock without any increase
    in overheads.
  • Transactions and payments can continue being made
    automatically, without any supervision. If the
    small business is dealing in the digital goods,
    the business can become automatic totally- full
    transactions, including purchase and delivery,
    will be automatically carried out the outline.
  • Instant processing of transactions This platform
    enables the business to transact instantly. This
    process takes away all the aggravations that come
    with the other modes of payment that may require
    the merchant to wait up 30 days or even more
    sometimes, but the e -commerce transactions clear
    in seconds and merchants can either receive
    funds immediately or wait for only 2-3 days to
    get cash in their accounts.

3
  • Increase Business reach A business operating
    offline may challenge in reaching the wide scope
    of customers. On the other hand E-commerce
    development has enabled local small businesses to
    reach the international masses. There is no
    limit of internet reach, so through the
    e-commerce platforms people can pay for goods
    and services from any corner of the world.
  • Product tracking Since the purchase of your
    product is happening online, you can easily send
    that order to Fulfilment Company or track where
    that product is in the fulfillment process as
    its being shipped out to the customer.
  • Automated customer feedback and support Every
    business must deal with the customer feedback,
    questions and issues. No customer wants to go to
    the physical store location and then search for
    the manual support or fill a survey card.
  • Ironically, many online customers are more than
    willing to search an online support forum, fill
    out a customer survey or take advantage of a
    businesss 24- hour telephonic service.
  • The online business offers many advantages. The
    young entrepreneurs and small businesses can
    save on the cost of running a traditional
  • brick-and-mortar store, can accept the online
    payments, ship products with the logistics
    support and can reach customers all over the
    globe. The cost of setting up the website is
    low, but it establishes a strong foothold in the
    industry and it also stimulates the public
    interest by the medium of social media, videos,
    e-mailers, online advertisements, etc.

4
481 University Avenue, Suite 305 Toronto,
Ontario M5G 2E9, CANADA 1-416-
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