lectronic commerce or e-Commerce is a term used for any type of business, or commercial transaction, that involves the transfer of information across the Internet. And to do so e-Commerce Websites are build/used. So basically, online shopping is the biggest example of e-Commerce.After surveying, e-Commerce can provide the following benefits
ver non-electronic commerce:
educed costs by reducing labour, reduced paper work, reduced errors in keying in data, reduce post costs, reduced time. Shorter lead times for payment and return on investment in advertising, faster delivery of product, flexibility with efficiency. The ability to handle complex situations, product ranges and customer profiles without the situation becoming unmanageable. Improved relationships with trading partners. Improved communication between trading partners leads to enhanced long-term relationships.Lock in Customers. The closer you are to your customer and the more you work with them to change from normal business practices to best practice e-Commerce the harder it is for a competitor to upset your customer relationship.
he Internet has the potential to expand your business into wider geographical locations.According to reliable statistics, "there has been a tremendous increase in online sales over the last couple of years.It is estimated that the revenue of a business that incorporates an e-commerce platform can increase by up to 250%." This says that now, most of the people with their busy schedules relay on e-Commerce to buy their daily needs, which won't take up much of their time and people are more flexible with making payment via credit cards or debit cards as compared to cash.