To survive in E-commerce segment requires cutting-edge technology such as mobile commerce, electronic funds, supply chain management, internet marketing, online transaction processing, electronic data interchange, inventory management system, and automated data collection.
Benefits of eCommerce :
- The long billing queues can be avoided.
- Prices of the various products can be compared easily.
- A physical place to run and showcase your product is not required.
- One can avail various deals and offers.
- Availability of choices for various products.
- Has business-to-business buying and selling.
- Gathering and using the demographic data through the web contacts and social media.
- Can also be used as a launch pad to showcase new products and will be available only via e-commerce.
- The consumers can directly connect with the retail stores.
- You have the convenience of shopping 24/7.
- You can have a lot of space to demonstrate your products.
- Can have easy policies for exchange and returns