The Benefits of Having Online Ecommerce Store
With billions of smartphone users increasing every year, e-commerce has become a feasible solution for all kind of businesses. Many surveys have been conducted to prove that customers are more comfortable while shopping online from their homes.
Physical store vs. an online ecommerce store #
There is a win-win situation for opening an online store for your existing physical business or starting a new company altogether. You only need to develop an ecommerce website that will feature your products and facilitate your customers in buying, reviewing and making transactions.
It is the most feasible option if you want to start an online business from scratch. Starting a business online will save you a lot of money that you will otherwise be spending on rents, utility expenses and other miscellaneous expenditures.
While, it is costly to start a physical store because the expenses begin before the start of the business, while in the e-commerce business, you can start off with a minimum of investment.
Advantages of the online stores #
There are numerous benefits associated by having an online store like Lower startup costs, more clients can approach you and no geographical restrictions, etc. Let’s discussed them briefly;
Round the clock services #
The online presence will enable you to be available to the customers round the clock. Whether you are a service provider or selling the products, your e-commerce website will start delivering even when you are asleep. Your customers will not go unattended even if someone approaches you at midnight. Customers can buy their products and make payments with a few clicks. You can maintain a log to keep track of the visitors to your website and approach them later with a personalized approach.
Ease of managing the ecommerce website/store #
There are routine business activities that are quite easy to perform on your business website. You can make all kinds of changes by just using your keyboard. On the other hand, it is a hectic job to change the items in a physical store.
No geographical restrictions #
If you have a physical store in Dubai, you are approachable to only 2.8 million people in the best case scenario since Dubai’s population is just 2.8 million. Having an online store gives you a global reach, and customers from all over the globe can access you. Your business flourishes by having access to more clients.
Less investment and effort in making an ecommerce website #
You don’t need to have a warehouse to store your stock. You only require an e-commerce website to start the business. You can start with a meagre investment.
For example, if you don’t have the investment to buy the stock, you can make a deal with a wholesaler and sell his products under your brand name. You can take your profit margin and start earning without having to make any investment in buying the products.