Advantages Of E-Commerce To Consumers

Advantages of E-commerce to Consumers

Faster buying/selling procedure, as well as easy to find products of the No:1 Digital Marketing Company More reach to customers, there is no theoretical geographic limitations. Low operational costs and better quality of services.

1. WIDE RANGE OF PRODUCTS AND SERVICES:

Electronic commerce through the internet enables the customers to choose a product or service of their choice from any vendor anywhere in the world. Due to space constraint, a vendor can stock only a minimum amount of goods in the physical store.

A virtual store enables a business organization to stock a lot of goods without considering the inventory cost. Hence, a business also provides a lot of choice to consumers to choose a product

SAVES MONEY:

The cost incurred by the business on the middlemen generally falls on the consumer. Since the middlemen are eliminated, the customer is free from bearing the cost of the middlemen. To attract customers and to combat competitors, several business organizations offer product and services at a cheaper price. Certain goods like e-books, music audio clips, software can be purchased and delivered through the internet. It saves cost for the buyers.

4. SAVES TIME:

Time-saving is one of the prime benefits of online shopping. Time taken for selection, buying and paying for an online product may not take more than 15 minutes. The products are delivered to customer's doorsteps within a week. It saves delivery time for the buyers.

5. ADEQUATE INFORMATION:

The Internet is used as the main vehicle to conduct transactions in e-business. The Internet allows customers to search for product information, compare the prices and benefits and finally evaluate its value before committing purchase. Through the internet, customers can get their queries clarified and track their delivery status when the goods are being sent to them.

8.E-COMMERCE PAYMENTS:

Last year saw a successful ApplePay launch supported by a wide range of merchant banks, however, this so-far has been limited to in-app and in-store purchases. This year it has been rumored that ApplePay will be extended to support browser-based purchases, with high hopes of streamlining the checkout process and conversion rates even more so than with ‘wallet’ system such as PayPal and SagePay.

Another key commerce conversion factor is having a range of payment gateways for your customers to choose from. We also hope to see increased uptake of localized payment methods, such as Karma invoice payments, and Short bank transfer payments that are very popular in Europe.

It is very important to research the markets you are launching in, or are already live in as you may be missing out on vital sales from international customers expecting payment methods that you are not providing.

9.CONTENT AND PRODUCT