27 May 5 Top benefits of owning an E-commerce business
Do you want to start an e-commerce business? Well, the great news is, according to various studies, the worldwide e-commerce sales are expected to grow to 4 trillion by 2020. That is a huge chunk of a pie and by building an e-commerce website, you will be able to have a piece of it!
There’s no doubt that e-commerce have helped many businesses to grow. And like other businesses, it also has its fair share of advantages and disadvantages. However, discussing both of them in a single blog will be difficult. So today we are going to only talk about the advantages. So without wasting your precious time, let’s begin:
Less expensive: Everyone knows that opening a physical store is expensive, so does the process of maintaining it. You have to pay the premise rent, utility bill, furniture expenses, security expenses and many more each month.
Opening an online business, however, reduces these expenses drastically. If you already have a loyal customer base, you only need to spend on coding and development of the website. If you are a startup, besides development costs, you have to spend a little bit more on the advertisement to drive customers and profit.
In both of the situations, you will have to spend less than building or renting a traditional brick and mortar business place. After the initiation of the website to operate smoothly, you can expect to pay as low as 30 USD/month.
Always open for business: If you have an e-commerce website, you won’t have to put a “Closed” sign again. You are ready to serve your customers 24/7/365. With the help of e-commerce, now you can sell your product & services even when you are on holidays and your customers can order their favourite product at their convenience.
Global reach: Unlike a local physical store, you are not stuck with a single zone if you have an e-commerce website. E-commerce enables you to reach clients beyond any physical boundary. Your loyal customers can buy products or services anywhere, any place at any time.
Convenience to your customer: Before the internet revolution, people used to travel a long distance to buy their favourite products and services. With e-commerce in the place, now customers can reach their favourite store with a few clicks and touches without getting off from their comfort zone.
Unlimited space: The growth of an e-commerce business doesn’t depend on the availability of the physical space. E-commerce business owners can add more products to the shelf or reduce the numbers according to their needs.
These are only a handful of advantages to owning e-commerce. We will talk about the rest of the advantages soon. In the meantime, if you have any questions, related building or updating your existing e-commerce website, feel free to contact us. We are Elvirainfotech, one of the best e-commerce website development company, serving to fulfil our client’s digital needs.