eCommerce enables the organization to improve its competitiveness. It crosses geographic boundaries and saves time and cost. There are many positive impacts of e-commerce on many areas and disciplines of business management studies, such as marketing, finance, accounting, production, and operation management.
The role of e-commerce in business is the aim of business is to create a customer. Electronic means allow enterprises to reach the customer at a wider base. Another major aim of the business is profitability; e-commerce ensures very high efficiency in supply chain management.
eCommerce has transformed the way businesses; much growth in the industry has been triggered by increasing internet and smartphone penetration. There are several most important aspects of eCommerce.
eCommerce Features Include:
- Content management capabilities
- Promotion and discount code tools
- An easy-to-use checkout
- Search engine-optimized code and layout
- Reporting tools
- An integrated blog or articles section
- Email marketing integration
- Multiple payment options (Credit card, PayPal, PO, Terms, etc.)
- The ability to scale up with your platform
Importance of eCommerce:
5 Reasons Why eCommerce is So Important for your business.
1- Can Broaden Your Brand
2- It’s More Convenient
3- Increase Your Reach
4- Gives You Marketing Opportunities
5- Scalable
e-Commerce Benefits:
- Much faster transactions are available 24/7.
- Products and services are easy to find.
- Easier time managing a business.
- Doesn’t require much (if at all) physical space.
- No geographical limitations translate into a bigger customer reach.
- Higher quality of services and lower operational costs.
Conclusion:
eCommerce is an evolution” By using electronic technology through the internet, it achieved more competition, more marketplaces, faster transactions, and more advanced technologies, to make activities between customers and producers more active.
