Nowadays, more and more small businesses are incorporating e-commerce platforms as part of their business systems. With the advent of the internet and smartphones, it is now easier than ever to integrate a workable solution that will work for many people. The big question remains; How is E-commerce used in business?
A business operating purely offline may have challenges in reaching a wide scope of customers. On the other hand, e-commerce has enabled local small businesses to reach international masses. There are no limits to where the internet can reach, therefore through e-commerce platforms, people can pay for goods and services from literally any corner of the world.
Many businesses that do not use e-commerce may find it difficult to be open 24/7 due to the multiple overheads that come with it in terms of staff and utility payments. On the other hand, e-commerce makes it possible for a business to be open and easily accessible round the clock without any increase in overheads.
It is clear that e-commerce brings in a lot of convenience in terms of payments. This therefore automatically invites more customers and also impulse buyers. The fact that the online payment system may accept different modes of payments makes it easier for the small business to get customers of diverse backgrounds.
According to reliable statistics, there has been a tremendous increase in online sales over the last couple of years. It is estimated that the revenue of a business that incorporates an ecommerce platform can increase by up to 250%. This is attributed to the fact that most people prefer the ease of access and convenience that comes with an ecommerce platform. This is especially true for those systems that are able to process credit card payments together with payments from top online processors like PayPal.
E-commerce enables businesses to transact instantly. This takes away the hassles that come with other modes of payment that may require the merchant to wait up to 30 days (sometimes more) to access their payments. E-commerce transactions clear in seconds and merchants can either receive funds immediately or wait for only 2 or 3 days to get the cash in their bank accounts.
For more information regarding E-commerce business development, leave us a message at [email protected] or visit Webnexs E-commerce Solution.
