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What does e-commerce mean? Is it crucial for rising the business globally?
In short, e-commerce is simply the process of buying and selling products through electronic means such as mobile applications and the Internet. Electronic commerce refers to both online commerce and electronic transactions. Over the past decades, the popularity of e-commerce has increased significantly, and in a sense, it replaces traditional brick and mortar stores. If you ask the ecommerce experts they will simply ask you to take professional ecommerce consulting before taking any further steps. It is a system that needs strategy, guidance and digital platforms.
Ecommerce overview
Most of the people consider e-commerce as a consumer-to-business (B2C) business, there are many other types of e-commerce, including online auctions, online banking, ticketing and booking. Operating costs - this makes e-commerce stores extremely competitive in price, which usually dramatically increases market share.
Why this growth is necessary?
Why has explosive growth in e-commerce over the past decade? As the Internet becomes entrenched in our daily lives, the adoption of e-commerce continues to grow, and businesses are taking advantage of this. Online retailers can collect a huge amount of consumer data to ensure that they choose the right people for their products.
What are the benefits of e-commerce?
Starting an e-commerce business has never been easier. Gone are the days when hiring a designer and Web Developer to get your business off the ground are necessary. Currently, the design and system templates allow people to launch an online store in minutes. As a result, people reap the full benefits of online shopping.
Global reach
With a physical brick and mortar store, you are limited to geographically neighboring markets, i.e. if you have a store in New York and you want to sell in New Jersey, you need to open another physical location. Easier to automate inventory management through the use of electronic online tools and third-party suppliers. This allowed e-commerce businesses to save billions of dollars in inventory and maintenance costs.
Inventory management is also becoming more sophisticated. Now you can easily manage your stocks across multiple channels. In this way, you can sell and control your stocks in your own store, as well as on marketplaces like eBay, Amazon or physical store.
Always open
Physical enterprises usually have a limited number of hours, but an e-commerce online store remains “open” 24 hours a day, seven days a week, 365 days a year. It is very convenient for the customer and a great opportunity for sellers. There is no rent, no staff to hire and pay, and very little in terms of fixed. This reduces the cost of attracting customers and allows online e-commerce businesses to remain extremely flexible. This is laser marketing for you - you will never get it just by having a physical store.
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About SIMBAA:-
We are a full-service digital agency based in Sydney comprising Data-driven Digital Marketing Specialists, Internet Consultants, Web / App Developers, Strategists, Growth Hackers and Creative Designers.
We’re the round pegs in the square holes.
The new web business models entering the market are born from simple ideas. We are ready to implement and give them commercial value. Our laboratory is always at your disposal. At the core of schemes, we are Artists’ and we make some best-looking websites, web / mobile apps and impactful online growth strategies.
We are a bunch of 20 odd geeks with the help of some of the coolest partners are ready and set to change the world’s perception of the internet. Our goal is to implement innovative ideas in the world of internet communication via websites, growth marketing, software, web and mobile (iPhone/Android) applications.
The secret ingredient to the SIMBAA’s lab is fun ideas and entrepreneurial thinking – but it’s secret so don’t tell anyone.
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