eCommerce website allows selling your products and services online. Users can easily browse your products and buy them online. Multiple payment gateways are integrated to provide instant payment options. All these without any physical presence or meet up. Here are some facts to prove the competitive edge of eCommerce development:
- Around 67% of millennials prefer online purchasing.
- eCommerce has grown by 300% over the last few years
- The revenue generated by eCommerce in the US last year was approx. $600–700 billion
- Global B2B sales are expected to reach over $6.6 trillion by 2021
- eCommerce sales are predicted to hit $4.48 trillion by 2021
- By 2040, approx. 95% of shopping will be facilitated by eCommerce
Now, let’s explore the major benefits of going online
1. Global Presence
Unlike those brick and mortar shops that are bound to a single location, your ecommerce store is way beyond geographical limitations. You can sell your products or services to anyone across the globe. Consider Amazon, an eCommerce store that allows people in Australia as well as in Canada to buy the spices from Indian merchants. While Amazon is a marketplace, you can have an estore with just your products and services and sell according to your shipping capabilities.
2. Enhanced Customer Experience
The best part of eCommerce development is customer experience. You can provide them with all the support and details without having to actually interact in person. On the other hand, customers can simply buy/order the product or service from the comfort of their home.
3. Detailed Information
Do you recall explaining each and every customer about the product, its details, price, expiry, or other attributes?
The daunting task!
With eCommerce web development, you can provide all the necessary information about the products to your customers via the product detail page. With details about products, their specifications, images, attributes, customers can select the best-suited product/service. And you won’t have to act like a recorder that keeps repeating the same details.
4. No Time Constraints
You can sell your products 24*7. With eCommerce stores, there’s nothing like opening or closing a shop. You can run your business through your mobile phones or laptops even while relaxing on a beach or on a vacation on some isolated island.
And for customers, they can search for the product whenever they want — @ 3 am or 3 pm. Doesn’t matter!
You don’t have to attend them physically and that’s amazing.
5. Inventory Management
Management of orders, stocks, inventory, and customer data gets easy with eCommerce development. You can get rid of those manual billing and bulk files. Instant notifications and alerts with backend database support can help you track and save every detail online, which can be accessed from anywhere anytime.
6. Cost Saving
Spending on renting a place and its maintenance with staff costs too much. Whereas, a monthly or annual subscription, or opting for eCommerce development services would cost way less than a brick and mortar.
In simple terms, it’s less risky and effective to go for an eCommerce web development whether you have a brick or mortar store or not. But planning wisely and choosing the right eCommerce development company is a must. After all, it has a lot of potential and ROI in the long term.
Written by Saurabh Diwate