Main advantages and disadvantages of e commerce business
Buying and selling of products are possible in many ways and there are manifold methods that have evolved in the last three decades and of late, the kind of commerce that is largely in vogue is E commerce the other name for electronic commerce. E commerce is the method of selling and buying of products over the different types of electronic media like the internet. As the amelioration of the internet has developed over the years it has also proven to be a wondrous approach to use it for the development of the business whether the business is in rfid solutions
, online travel or electronics. There are many e commerce websites where one can buy and sell their various products and one can build a website for free today. These e commerce websites and e commerce software act as the building blocks to the e commerce business. We have special recruiting software
that works upon making your managerial work easier that supports you in your ecommerce business. Though the field of e commerce business and e commerce solutions has far been on a high, there is an equal share of advantages and disadvantages of e commerce. There are several websites that offer Microsoft excel online training
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The electronic commerce has everything that can be bought online where the consumer can buy the things of his or her choice. The only thing that the consumer has to keep in mind while shopping is to make sure that the e commerce websites they are about to shop on are trustworthy and legitimate ones.
Advantages of e commerce
- The predominant advantage of e commerce over the other means of commerce is that it overcomes the barriers of time and distance thus making it a hit over the global market.
- The cost of having commerce over the electronic media is comparatively lesser than the other ways of business promotion. This is the same for the inventory management, marketing, promotion and customer care too. These are possible with the efficient e commerce software that, to a great extent aids in elevating your standard of trade overseas. This cost efficiency makes it a boon for the merchants and vendors.
- This, for the consumers is more befitting when they find less time for shopping. There is least requirement for moving out of the houses and there are no restrictions and limitations of time for you to shop.
- Many favorable deals are available for the consumers who shop on the internet, webhostinghub review whereas there is a lesser possibility of discounts and deals when the shopping is done in the shops.
- As for the business entrepreneurs, the e commerce solutions provide real time communication with the consumers and the facility of data exchange with the internal departments thus increasing the efficiency of supply chain process.
- There is a better visibility of the supply chain and the supplies being more predictable, the inventory levels of the company can be vastly reduced. This again results in the decreased costs.
- There is a great flexibility in the target market segmentation. This permits the companies to concentrate on a particular group of customers and thereby concentrate on the satisfaction of that group of customers by tending to their unique needs.
- With the development of e commerce websites, the exchanging of information between different organizations becomes simpler and easier.
- There is much saving of time with the e commerce quality management software and e commerce websites as there is not much to maintain unlike the real time shops and also in the adjudication of the invoices and orders.
Advantages of some of the e commerce software for setting up e commerce websites or shops online
Magento - This is one of the fastest growing platforms in the e commerce and is one of the free-to-use software and can be readied according to the stipulations of the entrepreneur and has all the powerful features that can make the e commerce business a successful one. It is largely flexible for the merchants and vendors.
Freeway - Freeway is another one of the top e commerce software which is an open source e commerce platform that has an extensive array of features that are not available in most other e commerce software.
osCommerce - This is another open source online shop e commerce solution and has a different online shopping cart function that enables the vendors set up and maintain the online shops with ease. The most beneficial part of thins software is that it is available for free under the GNU General Public License.
Zen Cart - This e commerce solution is quite user friendly and is an open source shopping cart software. It is different from the other conventional e commerce software and solutions.
Disadvantages of e commerce
Though e commerce solutions and e commerce websites are found beneficial, there is a fair share of disadvantages too. Before one enters the e commerce business, it is important to understand the disadvantages of the e commerce business along with the benefits.
- The time of delivery of the products plays an important part in the disadvantages of the e commerce solutions. It is unlike walking out of the store with the desired product and it takes a lot of time to get delivered and in some cases also needs a special amount for the delivery.
- The e commerce business functions purely on trust. You don't know the exact kind of item you are purchasing and the quality of the item and the condition as well. The consumers don't even know if the e commerce businesses they are involved in are legitimate.
- There is a limitation in the things you order online. For example you cannot think of ordering a plate of pasta from Italy staying in Japan. Thus the perishable goods are better avoided while buying things through the e commerce websites.
- Though there is a certain amount of interaction between the consumer and the merchant that takes place through the e commerce websites, there is a lack of personal service that makes the consumer feel more comfortable.
- While the payment comes into question, the consumer is deprived of the security of the information regarding the credit cards. This may give rise to the theft along with other ways of misusing them.