EVERYTHING YOU SHOULD KNOW ABOUT E-COMMERCE WEBSITE BEFORE INVESTING IN IT

EVERYTHING YOU SHOULD KNOW ABOUT E-COMMERCE WEBSITE BEFORE INVESTING IN IT

What is E-commerce?

E-commerce or simply electronic commerce is defined as using an electronic network like the internet for the buying and selling of goods and services, or the transmitting of funds or data. In other words, it is a business that electronically manages both the collections and payments providing an ease and reliability for both the parties.

There is a very common misunderstanding that, E-commerce is often confused with E-business. But it is pretty obvious, E-commerce only refers to the goods and services transaction between a seller and a consumer, whereas E-business refers to the whole process required to manage an online business.


Advantages of having an E-commerce website:

There are various advantages of consulting an E-commerce website design company in Uk for your business. A few of them are mentioned below:

  • A wider range of clients

Being on the internet provides you the biggest platform for E-commerce business. Today millions of users access the internet for various purposes throughout the day. They use the internet for searching, browsing, writing & communication, listening, watching the news, videos, publishing copying, printing, discussions, trading, and selling etc. Such a huge exposure for your business is very beneficial as more & more people are getting aware of your product. By using the internet as a medium you can have the run your business on an international scale thus a wider range of clients is available.

  • 24/7 availability

Handling your business as an E-commerce website releases you for any time foundation. Websites are open all day long and clients can buy whatever they want whenever they want it and additionally you can easily manage international customers also. 24/7 availability also helps the customer to seek the product as per their convenience which in turn makes them satisfied. It is practically impossible to manage a store with 24 hours availability as it would cost you a lot of money and effort so it is preferable to use E-commerce website instead.

  • Increased profit

A market extension simply means that, even with lower prices, a bigger profit margin can be easily obtained. Since there is a hike in the number of customers which in turn will increase your profit. There is a much better probability of an easy expansion of your business using this E-commerce platform.

  • Easy set-up and handling

Setting up and handling a website is just a one-time investment that will provide you benefits for a lifetime. Setting up an E-commerce business is a lot much easier than setting a store and a showroom. There are various E-commerce website design companies that will do all the work for you and provide you with an E-commerce website of your choice. The handling of an E-commerce website is very easy as the E-commerce website designing companies will provide you with a very user-friendly platform for any sort of handling required.

  • Cheap and affordable

There are many good website development and management platforms which can easily do this task for you at reasonable rates. It is not just easier but also a lot cheaper to manage a business online rather than the traditional way. If you are using E-commerce platform for your all you need to worry about is maintaining the inventory and shipping process, the rest is taken care online. This, in turn, reduces the money spent in managing the shop and salary of all the people working to maintain it.

  • Better conversion rate

An E-commerce platform helps you to improve your conversion rate since people get a chance to immediately buy from you rather than wait to visit the store. The popularity of a brand is irrelevant if your conversion rate is low. So it is advisable to take your business online rather than just following the traditional trend.

Classification of E-Commerce Websites:

Various E-commerce website design company in the Uk are classified further, based on the function they fulfill.

  • Business-to-Business (BtB): Electronic transactions of goods and services between two or more companies.
  • Business-to-Consumer (BTC): Electronic transactions of goods and services between companies and consumers.
  • Business-to-Administration (BtA): Electronic transactions of goods and services between companies and administrations.
  • Consumer-to-Consumer (CtC): Electronic transactions of goods and services between consumers, mostly through another consumer who is considered as a third party.
  • Consumer-to-Administration (CtA): Electronic transactions of goods and services between various individuals and administrations representing the public.
  • Consumer-to-Business (CtB): Electronic transactions of goods and services where individuals deal directly with the companies and offer products or services.

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