People who want to start a retail business have a choice between traditional retail and e-commerce. Traditional retail means having a physical store, actual products on hand, stocks of those products, staffing, and logistics. E-commerce, on the other hand, allows entrepreneurs to do everything behind their work desk. This includes creating their very own website, doing marketing, buying and shipping products, and setting up a payment scheme. For entrepreneurs who haven’t made up their minds yet, here are some advantages e-commerce has over traditional retail.
Cost effective
Retail stores cost a lot of money. You have rent, employee salaries, utilities, taxes, and possible bank loans. You can eliminate most of these by doing everything online. Even if you hire people for your operations, you can still cut costs by letting your staff work from home. All they need is good internet connection.
Seamless transactions
E-commerce allows you to make transactions without ever having to talk to a customer in person or even touching the products you are selling. At the same time, customer feedback can be achieved through chat boxes or emails. Although it may seem impersonal, communicating online is still effective.
Ease of use
Because there are websites that help you make your own webpage, starting your very own e-commerce business is a breeze. Some e-commerce websites even let you host your store on their own domain, making setting up shop much easier. In fact, they even let you use their payment systems, which allow you to start selling and profiting on day one.
Founded in July 2001 by Brian Dougherty and his wife, Jenny, Dougherty Marketing offers mentorship and training services to people who aim to improve their entrepreneurial and leadership skills. The company has already helped hundreds of groups and individuals in starting their business and achieving success. Visit this website to learn more about the company.
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Image source: webdesigninghouse.com
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Retail stores cost a lot of money. You have rent, employee salaries, utilities, taxes, and possible bank loans. You can eliminate most of these by doing everything online. Even if you hire people for your operations, you can still cut costs by letting your staff work from home. All they need is good internet connection.
Seamless transactions
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Image source: buzlin.com
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E-commerce allows you to make transactions without ever having to talk to a customer in person or even touching the products you are selling. At the same time, customer feedback can be achieved through chat boxes or emails. Although it may seem impersonal, communicating online is still effective.
Ease of use
Because there are websites that help you make your own webpage, starting your very own e-commerce business is a breeze. Some e-commerce websites even let you host your store on their own domain, making setting up shop much easier. In fact, they even let you use their payment systems, which allow you to start selling and profiting on day one.
Founded in July 2001 by Brian Dougherty and his wife, Jenny, Dougherty Marketing offers mentorship and training services to people who aim to improve their entrepreneurial and leadership skills. The company has already helped hundreds of groups and individuals in starting their business and achieving success. Visit this website to learn more about the company.
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