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Advantages Of E-commerce
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Published: October 3, 2006
"Money moves faster with e-commerce." That's what experts at one British e-commerce website say about the industry. Aside from fast money, what are some of the other advantages of an online store? The results are numerous.
The basic benefits to an online business are in terms of location. Your store is online in cyberspace twenty-four hours a day, seven days a week. You never close. It is an online store; therefore it can be accessed globally, not just in your neighborhood. This will increase sales as well as reduce operating costs by using an electronic purchase order over a paper purchase order. Finally, electronic selling is better because it eliminates mistakes in merchandise processing. This makes e-selling faster and more convenient.
Experts say that e-commerce affects all industries. Also, the development of e-commerce is better than that in Europe because of the expensive telecommunications costs overseas. Successful e-businesses such as Amazon.com can operate at a lower cost. Amazon does not have any physical stores, no traditional infrastructure, nor does it have a typical value chain. Also, there is a "sense and respond" format used instead of a brick and mortar's "make and sell" philosophy. Online businesses sense what their customers want and react. Physical stores make the products, ship them to stores, inventory them, sell them, and restock what is needed.
Online research is another convenience factor. Customers don't have to go very far for research. Travel websites allow customers to search for the lowest airline fares and provide weekly email alerts of new low airfare prices. Amazon.com provides product reviews from previous customers in order to get recommendations on what to buy.
Other advantages to an e-commerce store are the ability to make fast changes to your site. If sellers wanted to add or eliminate a product, change prices, add or change photos, changes can be made easily. Lastly, because the site is online rather than brick and mortar, a lot of the responsibilities of an employer are eliminated. Employee salary and benefits, as well as your total number of employees, physical inventory, office tasks, and other items are at a minimum when someone is not operating a typical company.
There are a lot of advantages to running an e-commerce website as opposed to a physical store. If you're thinking of starting your own online business, it is important to weigh the plusses and minuses of e-commerce.
Eservices. "E-Commerce/ Benefits." Hanovia World Class UV. Copyright 2001. ims-eservices. October 3, 2006. http://www.ims-eservices.com/e-commerceBenefits.as p
Bradley, Stephen. "The Advantages of E-Commerce." Media Mente. September 30, 1999. RAI Educational. October 3, 2006. http://www.mediamente.rai.it/mmold/english/bibliot e/intervis/b/bradley.htm#alto
Musco, Taj Jenkins. "E-Commerce Advantages." Taj's Weblog. Hampshire College, Amherst, Massachusetts. October 3, 2006. http://hamp.hampshire.edu/~tjm99/advantages.html
E-Commerce: Advantages of E-Business Applications." iSoS Software. Copyright 2000. October 3, 2006. http://www.isos.com.my/ecommerce/advantages.htm
The basic benefits to an online business are in terms of location. Your store is online in cyberspace twenty-four hours a day, seven days a week. You never close. It is an online store; therefore it can be accessed globally, not just in your neighborhood. This will increase sales as well as reduce operating costs by using an electronic purchase order over a paper purchase order. Finally, electronic selling is better because it eliminates mistakes in merchandise processing. This makes e-selling faster and more convenient.
Experts say that e-commerce affects all industries. Also, the development of e-commerce is better than that in Europe because of the expensive telecommunications costs overseas. Successful e-businesses such as Amazon.com can operate at a lower cost. Amazon does not have any physical stores, no traditional infrastructure, nor does it have a typical value chain. Also, there is a "sense and respond" format used instead of a brick and mortar's "make and sell" philosophy. Online businesses sense what their customers want and react. Physical stores make the products, ship them to stores, inventory them, sell them, and restock what is needed.
Online research is another convenience factor. Customers don't have to go very far for research. Travel websites allow customers to search for the lowest airline fares and provide weekly email alerts of new low airfare prices. Amazon.com provides product reviews from previous customers in order to get recommendations on what to buy.
Other advantages to an e-commerce store are the ability to make fast changes to your site. If sellers wanted to add or eliminate a product, change prices, add or change photos, changes can be made easily. Lastly, because the site is online rather than brick and mortar, a lot of the responsibilities of an employer are eliminated. Employee salary and benefits, as well as your total number of employees, physical inventory, office tasks, and other items are at a minimum when someone is not operating a typical company.
There are a lot of advantages to running an e-commerce website as opposed to a physical store. If you're thinking of starting your own online business, it is important to weigh the plusses and minuses of e-commerce.
Eservices. "E-Commerce/ Benefits." Hanovia World Class UV. Copyright 2001. ims-eservices. October 3, 2006. http://www.ims-eservices.com/e-commerceBenefits.as p
Bradley, Stephen. "The Advantages of E-Commerce." Media Mente. September 30, 1999. RAI Educational. October 3, 2006. http://www.mediamente.rai.it/mmold/english/bibliot e/intervis/b/bradley.htm#alto
Musco, Taj Jenkins. "E-Commerce Advantages." Taj's Weblog. Hampshire College, Amherst, Massachusetts. October 3, 2006. http://hamp.hampshire.edu/~tjm99/advantages.html
E-Commerce: Advantages of E-Business Applications." iSoS Software. Copyright 2000. October 3, 2006. http://www.isos.com.my/ecommerce/advantages.htm
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