E-commerce is one of the easiest and economical ways of getting a business going as quickly as possible. Companies utilizing Ecommerce have three distinct advantages. They are able to reach more customers, lower costs and increase profit. A great example of this is Amazon.com.
The company was founded in 1994 and run out of a garage. Now in 2010 it has locations in eight countries and is posting yearly profits of over nine hundred million dollars. The secret to their success is ecommerce. The company can offer more products to more people at a lower price. By selling only online, Amazon needs fewer employees and buildings. The only cost is the initial price of their website and its upkeep. The site also reaches far more customers than traditional stores. That gives it a greater customer base. With more customers and less costs, Amazon can undercut the prices of their competition. This business model gives companies a much faster return on their initial investment. Ecommerce turns an ordinary website into a 24/7 selling machine.
The embodiment of this is Apple’s Itunes.
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By selling online, companies can allow customers to share feedback about products. This provides valuable information for the company. Positive feedback from buyers also helps persuade potential customers to purchase a product. Any company can benefit from incorporating ecommerce into their website. It reduces costs, eliminates the need for things like cold calling and provides a faster return on the initial investment.
With a boost from ecommerce, companies can go global in seconds. It is the right step for anyone trying to grow their business and their wallet.
Ecommerce Experts Explain Future Web Trends
Written By: Brad Girtz - Mindshift Media Blogger
Blog Posting By: Tyler Griffin - Creative Director, Mindshift Media
1 comments:
I agree that ecommerce is the easy platform for online business. its one of best way to reach the markets and it can increase the business revenue. thanks for your wonderful sharing.
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