“If you are a new business or have been in action for a while, you cannot afford to not have an internet presence in this day and era.”
WHAT IS ECOMMERCE? WHY IS IT IMPORTANT?
In its earliest type, e-commerce was launched about 40 years ago. Since then, electronic commerce has assisted countless companies in growing with the use of emerging technology. Accounting for 21.3 percent of overall retail revenues in 2020, e-Commerce is the future of retail sales.
From startups to small companies to large corporations, a wide variety of businesses may profit from their own e-commerce platform. In today’s dynamic and convenience-focused world, customers tend to shop from the comfort of their own homes rather than head to the high street. This makes e-commerce a convenient option for both companies and buyers.
If you’re still on the fence about starting an e-commerce shop, here are the top reasons why it’s so important for your business:
The cost to build an eCommerce website is less than that of establishing an offline company. Your company’s entire distribution system is automated online. As a result, you can save money on workers, salaries, and other company expenses such as power, leasing, and heating. The money you’ve saved can then be used to improve your e-commerce website and product line. E-commerce websites can also allow you to extend your product range more quickly than is usually possible in a traditional business setting
SHOPPERS BEGIN ONLINE
Digital networks have seen an increase in popularity. 87 percent of shoppers begin their product quest on digital platforms, up from 71 percent in 2017. Even if they end up purchasing from a physical store, shoppers are more likely to launch their quest online. This clearly shows that a growing number of customers are involved in making transactions online.
GET NEW CUSTOMERS
Because of the internet’s availability, thousands of people all over the world can visit the website at any time, which means that those looking to grow their companies and reach a wider audience have far more options. When you equate the number of people you could reach through a website to the number of people you can reach via a high street shop or local ads, there’s no reason you shouldn’t consider putting your company online if you want to extend your scope.
TARGET NEW MARKETS
Having an e-commerce platform opens up a world of possibilities for retailers. How likely is it that a potential client would call you from a different location and order something you sell over the phone? Not at all possibly. However, with a web store, the same person might easily locate you and place an order.
SCALE-UP IS EASIER
Scaling up or extending a physical store necessitates more floor area (and the related costs), staff, and retail space. In comparison, one of the less apparent advantages of e-commerce for companies is the ease with which an online store can be extended.
You only need more stock, a few digital changes, and probably more storage capacity. Being online removes the need to open a new store in a different location since the internet is a global marketplace.
Your company will benefit from the ease that the internet offers in terms of sales. Use our services to build an eCommerce website. Mejix’s team will help you get started in E-commerce and on the way to grow your income. We’ll work with you to decide exactly what you want, and then we’ll take the required steps to build the appropriate E-commerce website.