DAY27 - The Benefits of E-commerce

Passage 27

There is a reason why E-commerce has demonstrated such explosive growth in the past couple of years.

 

Indeed, with the internet becoming an essential requirement of everyday life, businesses are learning to take advantage of the numerous benefits of E-commerce, the most notable of which include:

 

Global market. 

A physical store will always be limited by a geographical area it can serve.

An online store has the whole world as its market.

Going from a local customer base to a global market at no additional cost is really one of the greatest advantages of trading online.

 

Around-the-clock availability.

Another great benefit of running an online business is that it is always open.

For a merchant, it's a dramatic increase in sales opportunities; for a customer, it's a convenient and immediately available option.

 

Reduced costs.

E-commerce businesses benefit from significantly lower running costs.

As there's no need to hire sales staff or maintain a physical storefront, the merchants are able to save on operational costs and they can offer better deals and discounts to their customers.

 

Inventory management.

E-commerce businesses can automate their inventory management by using electronic tools to accelerate ordering, delivery and payment procedures.

 

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