E commerce is the process that involves buying and selling of commodities by use of electronic means. This can only be successful if one has good Internet and a mobile phone. E commerce entails both selling of goods online and payment through electrical methods. The traditional trading stores are facing a great competition from the e-commerce venture. When a person considers the merits of E-commerce venture and ignore the demerits one will always settle for it. The the greatest privilege of an E-commerce venture is that one has a global market. When one has a physical store he can only sell goods to people of the same locality and neighboring market. Having an e-commerce venture enables one to market their goods worldwide and can make sales at any place and any time.
E commerce ventures are open at all times. Physical stores have time limitations and one has set time for opening and closing. This is not the case in e-commerce business since one is able to sell their commodities 24 hours a day. In E-commerce one is able to save on cost. One does not have to experience high cost as a result of paying employees and house rent. The operation of the business is not only made cheap but also easy. The another benefit of E-commerce is that its inventory management is automated.
This has helped to reduce the cost that would alternatively be used to operate manual inventories and managing the business. The another merit of E-commerce is having a laser targeted group. E Commerce has the benefit of getting clients to feedbacks as well as the commodities they want. This gives them the benefit of not stocking unnecessary commodities. A market dominance is established Due to the gap that existed before in that field of E-commerce. Due to low operation costs that arise due to E-commerce, the seller is able to address the clients issues globally and therefore have a considerable large profit margins. A laptop and the good Internet is all that is needed when one wants to locate E-commerce anywhere.
Before venturing in the e-commerce business one should put into consideration different factors. One major factor is that E-commerce business should be kept simple. The seller should begin with one product at a time then consequently assess the marketability of each product before selecting what to settle for. Competition is a factor to put into thought before beginning an E-commerce venture. Young ventures can collapse since E-commerce is very competitive. Before an E-commerce business is wholly established one is given the choice to go for products that are facing less competition. One is able to save on time and cost that would have been incurred if a person went to the market physically,this is a great benefit to customers.