eCommerce Benefits for Businesses
1. Lower Telecommunications Cost
The internet is a lot cheaper compared to value-added networks which are depend on leasing telephone lines only for the use of organizations and authorized partners.
2. Digitization of Processes and Products
Specifically in the case of video/music and software products, these can be emailed directly, or downloaded online in electronic format. An ebook is also a common example of a digital product.
3.No more 24-hour Constraints
Work with a reliable ecommerce website design company in Malaysia (or anywhere you are in the world) to experience this amazing benefit. Through ecommerce, businesses can be contacted by suppliers or customers anytime, anywhere.
4. International Marketplace
There is no need to set up a physical store located in just one specific geographical area. eCommerce allows businesses to have access to their target customers all over the world. It’s now possible to have a virtual multinational corporation!
5. Operational Cost Savings
Putting up an ecommerce business decreases the overall costs of building, processing, storing and distributing paper-based details.
6. Mass Customization
eCommerce has revolutionized the manner people purchase goods and services. The processing allows the products and services to be personalized depending on the customers’ requirements.
eCommerce Benefits for Consumers
1. 24/7 Access
Online transactions can take place 24 hours day, and all year round.
2. More Options
Customers can be offered a wide range of choices, even from international suppliers.
3. Price Comparisons
Because of ecommerce, it’s no longer difficult to compare product prices. All you need to do is visit websites, and search for product information.
4. Improved Delivery Processes
Delivery processes can range from instant delivery of electronic goods to online monitoring of package progresses delivered by couriers.