Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. We do this with a custom ecommerce site.
Many people are moving from physical stores to buy goods and services on the Internet. Today, 60% of shoppers in developed countries go to the Internet to buy goods and services. This method of shopping is loved because it is convenient. People can shop from the comfort of their houses.
Unlike a regular brick and mortar store, an Ecommerce store stays up and running 24/7. Customers can get online and buy products at any time of the day. There are many benefits that ecommerce gives businesses. Read on to learn more.
Your ecommerce site is able to manage its own inventory. Moreover, the cost of starting one of these stores on the internet is quite low when compared to the cost of building a physical store. You need minimal licenses or permits to get your online store up and running. Plus, you do not have to rent a space for your store.
Very few employees are needed. They are required for jobs that the computers can't do on their own, like answering questions that have been asked by customers. Usually, an online store is easier and cheaper to run than a physical store.