Did you know that the value of the e-commerce market is expected to reach $200 billion by 2026?
It is a really large number that will spark your curiosity to know more about this field that is increasing in popularity and growth with each passing day, and even if you do not know what exactly the concept of e-commerce means, there is no doubt that you hear about it from time to time.
From small businesses to market giants, everyone is benefiting from the e-commerce industry, and there is no turning back. Are you interested in selling products online and earning large sums of money in return? If you do, then you are in the right place, because today we will introduce you to everything related to e-commerce, its concept, types and features.
Advantages of e-commerce websites!
1- Low material cost
One of the most important pros and cons of e-commerce is the low start-up costs. Traditional stores require thousands of dollars to rent a space, in addition to many other upfront costs such as frontage, store design, purchasing inventory, vending equipment, and more.
Without forgetting also that the store owner will sooner or later have to hire a number of individuals to ensure the workflow, especially if the store has several branches in multiple locations.
In e-commerce, you will not need any of that, as you do not have to rent any real site on the ground to start your business in selling, and designing a website will undoubtedly be less expensive than designing a real store, and you will not need any employees to manage your store, where you can Do it on your own while sitting on the comfy couch in your home!
2- Continuous income around the clock
Another advantage of e-commerce is that e-stores remain open around the clock! Through your store ads on Facebook or Google, you can attract new customers after midnight or after four in the morning! And from anywhere in the world.
In contrast to traditional stores, whose working hours are usually limited between nine in the morning and ten at night? By keeping the online store open around the clock, it will undoubtedly attract those who cannot go to traditional stores during their opening hours or who do not prefer traditional shopping and spend a lot of time searching for the product they want.
3- Global Sales
Through e-commerce, you will transcend geographical barriers and take your project to the global level. You may find your customers in the other part of the globe, or in neighboring countries and you will be able to provide your services to them easily, without having to be with them in the same country or city.
4- Ease of displaying the best-selling products
This feature allows e-store owners to display their merchandise to customers. While traditional merchants may have to spend a lot of effort and money designing the way the merchandise is presented in order to attract customers, the customer in the online store can find the best-selling products with ease and convenience.
Why would you want your customers to find these particular products? Simply because its quality is proven, other customers have bought it and tried it, satisfied and liked it. And you can easily show these particular products to your audience through sponsored messages via e-mail or through ads on Facebook or Google!
5- A great place for your introverted clients!
Some introverts loathe the idea of visiting a traditional store and engaging in discussions with the employees there in order to purchase a specific product, whether these discussions are inquiries about the nature of the product, negotiations over its price, or even answering sellers' questions about exactly what they want.
Such people will really be happy with the online shopping experience as it does not involve much interaction with others. And if a customer wants to communicate with the store owner, all he has to do is press the “instant chat” button or communicate by e-mail or message the store’s official page on Facebook, to get all the answers he is looking for!
6- Ease of accessing and benefiting from customer data
One of the main advantages of e-commerce is that you can easily access and analyze your customers' data. Many customers do not mind sharing their email, address, or even some personal information about them when purchasing products online. Contrary to what their reaction would be if a traditional store salesman asked them to do the same.
By analyzing this data, you will undoubtedly be able to better serve your customers, build a stronger relationship with them, and even customize the way you market your products based on their needs and desires.