E-commerce Business: 7 Advantages to register as E-commerce business - PowerPoint PPT Presentation

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E-commerce Business: 7 Advantages to register as E-commerce business

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The term “ecommerce” (Electronic Commerce) refers to businesses and individuals that purchase and resell goods and services online. E-commerce Businesses can be done on computers, tablets, cellphones, and other smart devices, and it works in a variety of market categories. – PowerPoint PPT presentation

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Title: E-commerce Business: 7 Advantages to register as E-commerce business


1
E-commerce Business 7 Advantages to register as
E-commerce business
2
  • Introduction
  • E-commerce is a great platform for entrepreneurs
    to start a business. Through this platform,
    businesses may communicate with customers
    directly. There are several advantages of
    e-commerce for both businesses and consumers.
    Global e-commerce has been growing every year.
    Because it is easier and more convenient, people
    choose to shop online over in stores. The
    information and advantages of E-commerce
    businesses is described in this article.
  • What are E-commerce Businesses?
  • The term ecommerce (Electronic Commerce) refers
    to businesses and individuals that purchase and
    resell goods and services online. E-commerce
    Businesses can be done on computers, tablets,
    cellphones, and other smart devices, and it works
    in a variety of market categories. By offering
    less expensive and more effective channels of
    distribution for their goods or services,
    ecommerce has assisted businesses (especially
    those with a limited market reach like small
    businesses) in expanding their reach and
    establishing a stronger market presence.

3
  • What are the types of E-commerce businesses?
  • There are different types of e-commerce
    business-to-consumer (B2C), business-to-business
    (B2B), consumer-to-business (C2B), and
    consumer-to-consumer (C2C). Generally, when
    people think of e-commerce, they picture
    business-to-consumer (B2C) transactions.
  • B2C e-commerce B2C process takes place when a
    company sells a good to a customer directly over
    the internet. For example If you have purchased
    a shirt from Amazon.
  • B2B e-commerce   B2B process is the selling of a
    goods or services between two businesses, such as
    cloud or web services like Wix.com.
  • C2B e-commerce C2B process takes place when an
    individual sells goods or services to a company.
    For example A small business in need of a press
    release can hire a freelancer who creates
    promotional content and press releases for
    various clients and companies.
  • C2C e-commerce C2C e-commerce is the selling of
    goods or services from one person to another.
    This frequently occurs on websites like eBay and
    Facebook Marketplace. For example, you are buying
    a chair online.

4
  • 7 Advantages of starting an E commerce business
    The obvious benefit of an E-commerce business is
    that it allows companies to operate globally. We
    have compiled a list of advantages of E-Commerce
    that you should be aware of. Advantages of
    starting an E-commerce business are-A quicker
    purchase process  Customers can shop more
    quickly and easily for what they desire. They can
    quickly go over a variety of items at once and
    purchase. Customers can purchase goods online
    that are unavailable in their area or are only
    sold in distant physical stores.
  • Begin with less expenses  E-commerce enables you
    to avoid the significant up-front costs of
    running stores, including those associated with
    inventory, design, and rent. Most of these
    expenses can be avoided by ecommerce companies.
    An eCommerce website often requires less time to
    set up than a non-eCommerce website.
  • Low-cost marketing and advertising  Promoting a
    sellers goods does not cost a lot of money.
    There are various quick and inexpensive ways to
    market online in the world of ecommerce.
    Ecommerce marketplaces are visual platforms where
    sellers can effectively display their goods. For
    example, Amazon sellers can add videos,
    infographics, and high-resolution photographs
    using the promotional strategies.

5
  • Customer flexibility  Giving clients flexibility
    is one of e-key commerces benefits for
    businesses. One advantage is that the goods and
    services are available 247. The vendor can
    provide his product whenever and wherever the
    customer wants. Customers are more active on
    e-commerce sites, and because of the conveniences
    they enjoy, they frequently make further
    purchases there. Free shipping (typically based
    on a minimum cart value), expedited order
    delivery, promotions and discounts, and
    subscription benefits are a few of these
    conveniences. They also discuss reviews of the
    products they purchase. Positive ratings lead to
    two more advantages. The number of favorable
    reviews influences customers perceptions of your
    store. It can help you identify your best-selling
    items.
  • Comparison of products and prices  Online stores
    have the option of comparing products. The
    customer can have a clear sense of the product
    alternatives and standard prices that are
    offered. Online comparisons are quicker and cover
    more products available on the shopping
    website.   This provides the customer with
    another advantage. People are more willing to
    spend money when they see a lot of available
    goods.

6
  • No limitations on reach  Only a specific number
    of customers maybe reachable to a seller with a
    physical store. Although there are distance
    restrictions, they can deliver to clients
    residences. Many online platforms for commerce
    have their own delivery and logistics network.
    Reaching out to more customers This is helpful
    for sellers who need to widen their audience in
    order to gain more customers.
  • Facilitates easy exporting  E-commerce exports
    help sellers to reach beyond national borders and
    grow internationally by enabling them to sell
    directly to clients in other countries on
    international marketplaces. Vendors may reach
    clients without spending money on a physical
    infrastructure with E-commerce business.  They
    can easily find new customers abroad by using
    appealing product listings on websites.
    E-commerce exports can be a very profitable
    business model to implement for international
    growth and higher revenue for startups and
    expanding companies.

7
  • Building a brand requires constant hard work and
    ongoing market analysis to enhance your business
    strategy. Choose an E-Commerce platform, build
    your website, add your products to the site,
    launch your brand and youre ready to go!
    Research and choose your business name. Register
    your business with the government. Ecommerce
    marketing is important for launching and
    expanding your business. Regardless of the
    selling platform you choose, executing marketing
    and promotional activities will help you reach a
    wider audience.
  • Conclusion In general, starting an E-commerce
    business is probably less risky for
    entrepreneurs, it just requires fewer resources.
    E-commerce businesses are good for expanding and
    capturing your targeted market audience online.
    If you own a business, you may use E-Commerce to
    adopt a hybrid strategy by letting users to shop
    both in-store and online. The hybrid method can
    be equally profitable for your company if used
    properly.
  • Tags Government Policy
  • https//taxguru.in/corporate-law/e-commerce-busine
    ss-7-advantages-register-e-commerce-business.html
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