E-Commerce Business Is In Demand

Ecommerce, also referred to as electronic commerce or internet commerce, refers to the buying and selling of products or services using the web , and therefore the transfer of cash and data to execute these transactions. Ecommerce is usually wont to ask the sale of physical products online, but it also can describe any quite commercial transaction that’s facilitated through the web .

In these times of crisis, e-commerce is in high demand and it has its importance. E-commerce is one of the most convenient ways of shopping, it is a store with all items you could think of at your fingertips, a store which is open 24 hours, a store where you can buy all you may need with having it delivered at your doorstep,

doesn’t that sound awesome? These are the main reasons why e-commerce is in demand or is so successful. ICT usages in business has enhanced productivity and enabled mass customization, besides reducing costs. With developments within the Internet and Web-based technologies, distinctions between traditional markets and therefore the global electronic

The few main reasons for the demand are as follows:-

1. In small cities or villages, people have to compromise due to the small shops and a limited variety of products and services available locally. Traditional brick and mortar shops and traditional commerce isn’t ready to satisfy customers in terms of variety. Normally people need to visit 5 to six shoe stores in 1 market to shop for 1 pair of shoes thanks to size, color, price or design problem, etc. And it’s tough for retailers to provide all the variations. That’s why ecommerce is important. It brings in additional variety by expanding the boundaries of traditional commerce. People can visit quite 5 websites to shop for shoes during a jiffy , which is way more convenient than visiting 5 different shops. They can check colors, offers, sizes, models, and various details associated with shoes. And it takes 20 to half-hour to make a decision .

2. Selling products and services online is less costly than traditional methods. Recurring expenses like store management cost, counter cost, inventory cost, security cost, transportation cost, Shop rent, and salary, etc. So the retailers cannot afford to sell the products at a low cost. Hence online commerce is much more efficient and cost-effective.

3. Traditionally people don’t know what’s new (shoes, clothes, cosmetics, electronics) in tier 2 and tier 3 cities, village shops, local markets, or even shopping malls until they don’t visit. Even local retailers don’t know what’s hot in the international market. That’s why in the past you found that there was a difference in the thinking, personality, appearance, and habits of people from metros and those from villages, etc. But owing to the unprecedented development in ecommerce and communication technology, now people from even the most far-flung areas such as Leh and Ladakh get notifications and messages from sellers about existing Diwali and Navratri discount offers.

4. During this COVID-19 crisis, when people are urged to stay home, E-commerce plays a great role in providing the people with essential items that are delivered to their doorstep, minimizing the risk of the spread of this deadly disease. E-commerce ensures customer satisfaction as well as safety and containing the spread of the disease during this pandemic.

Overall, E-commerce is a great way of retail, establishing a safe link between the consumer and the retailer during these times of crisis. E-commerce is one of the greatest way of keeping safe while shopping for all your heart desires.