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What is an ecommerce?

Ecommerce
Blog

What is an ecommerce?

What is an ecommerce?

Ecommerce refers to buying and selling of goods and services via the internet including the transfer of money and data to execute these transaction. It is also known as electronic commerce or internet commerce. There are six major types of ecommerce: Business-to-Business which are conducted between companies and include conventional wholesalers and producers dealing with retailers, Business-to-Consumer which is related to the transactions and relationship between businesses and the end customers, Consumer-to-Consumer which consists of electronic transactions of products and services between two customers, Consumer-to-Business where individuals make their items or services and sell them to companies,Business-to-Administration which deals between companies and public administration, and Consumer-to-Administration which electronic transactions are carried between individuals and public administration.

What are the advantages of ecommerce?
1. Online stores are always open for business which means customers can shop to your ecommerce site anytime and anywhere.
2. Your company doesn’t need a physical store.
3. With ecommerce, your site can grow organic traffic and sales with ecommerce blogging.
4. A customer can place orders on his or her own schedule with no delays allowing you to accept a high number of orders.
5. You can easily gain access to data analysis about your customer.
6. Hiring employees is affordable. A huge advantage of ecommerce is you don’t need to hire employees at launch. You can start and run an ecommerce business all by yourself.
7. Website personalization, one of the online business advantages, can enhance the online shopping experience.
8. You can feature almost any brand or item a customer looks for.
9. Cheap deals and better prices are available online because products come to you direct from the manufacturer or seller without involving middlemen.
10. Your business is operating 365 days a year, 24 hours a day.

Ecommerce is so popular nowadays. Some of the biggest ecommerce site are Lazada, eBay, Shopee, and etc. Do you want to own a store that requires minimal effort to manage? Do you want to build a store online? Call Mindweb eSolutions at +63 32 462-2197 now! We, at Mindweb eSolutions, offers ecommerce website development services at a lower price. Visit our site at http://mindweb.com.ph.

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