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Faster buying/selling procedure, as well as easy to find products.

Buying/selling 24/7.

Low operational costs and better quality of services

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- fast buying and selling procedure
- more reach to customer
- no geographical limitation
- low operation cost and high quality

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Advantages

-Using e-commerce, organizations can expand their market to national and international markets with minimum capital investment. An organization can easily locate more customers, best suppliers, and suitable business partners across the globe.

-E-commerce helps organizations to reduce the cost to create process, distribute, retrieve and manage the paper based information by digitizing the information.

-E-commerce application provides users with more options and quicker delivery of products.

-E-commerce application provides users with more options to compare and select the cheaper and better options.

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Ecommerce Advantage #1: Low Financial Cost

One of the ecommerce benefits is that it has a lower startup cost. Physical retail stores have to pay up to thousands of dollars to rent one of their store locations. Also, they have several upfront costs such as store signs, store design, buying inventory, sales equipment, and more. Physical retail stores also have to pay staff to work and run each location. They may also need to hire security staff depending on the product value in the store.

However, ecommerce stores only pay $3192 a year on Shopify at most for virtual ‘rent’ which also includes an easy to use ecommerce platform, hosting, free Shopify themes, great apps like Oberlo, and a few other great perks. Depending on what type of ecommerce business you run, you may only need to hire employees when you grow to a certain level. If you choose to dropship, you won’t need to buy bulk inventory saving you a lot of money. Your store logo is often more affordable than a store sign. Your business expenses are generally much lower in ecommerce. This is one of the most attractive ecommerce benefits for new entrepreneurs looking to keep their costs low.

Advantages of Ecommerce #2: 24/7 Potential Income

One of the advantages of ecommerce is that online stores are always open for business. With your Facebook ads, you can attract someone at 11 p.m. or 4 a.m.. Most physical location stores are open between 9 a.m. to 9 p.m. By being available at all hours, you can attract people who would normally pick up a product in stores, if the store were open. You can also attract those who may have odd work schedules or who don’t have time to shop in-person. For a customer to order at night, you don’t need to have employees working the night shift to ensure all orders get processed. You’ll never need to hire a security guard.

Ecommerce Advantage #3: Sell Internationally

Next on the list of ecommerce benefits is that a new brand can sell to customers around the world easily. You have the ability to discover your audience whether they’re in the U.K., South America, or neighboring countries. If you choose to dropship from AliExpress, many products offer affordable ePacket shipping or free shipping. This allows you to price and ship your products competitively to a worldwide audience.

Advantages of Ecommerce #4: Easy to Showcase Bestsellers

Ecommerce benefits like being able to easily display best-sellers makes it easier to show off products to customers. While you can design a brick and mortar store to sway people to buy certain products, it’s easier for a customer to find the best-sellers in an online store. The reason why you want customers to buy your best-sellers is because they’re proven. Other customers have already bought them and are happy with their purchase. If you want to showcase new products to customers you can include them in your upsell, email marketing or retargeting ads.

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1. Wide range of products and services

2. Convenience

3. Saves money

4. Saves time

5. Adequate information

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There is a lot of advantage of e-commerce such as:

Faster buying/selling procedure, as well as easy to find products.

Buying/selling 24/7.

More reach to customers, there is no theoretical geographic limitations.

Low operational costs and better quality of services.

No need of physical company set-ups.

Easy to start and manage a business.

Customers can easily select products from different providers without moving around physically.

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The advantages of e-commerce:
a) E-commerce increase sales and decreases costs
b) Provides faster transmission
c) Lower cost to issues and secure which electronic payments of tax refunds, public retirement and  welfare support

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ADVANTAGES OF ECOMMERCE

Faster buying/selling procedure, as well as easy to find products.

Buying/selling 24/7.

More reach to customers, there is no theoretical geographic limitations.

Low operational costs and better quality of services.

No need of physical company set-ups.

Easy to start and manage a business.

Customers can easily select products from different providers without moving around physically.

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Faster buying/selling procedure, as well as easy to find products.

Buying/selling 24/7.

More reach to customers, there is no theoretical geographic limitations.

Low operational costs and better quality of services.

No need of physical company set-ups.

Easy to start and manage a business.

Customers can easily select products from different providers without moving around physically.

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5. Advantages of Electronic Commerce:

·         Electronic commerce can increase sales and decrease costs.

·         Web advertising reaches a large amount of potential customers throughout the world.

·         The Web creates virtual communities for specific products or services.

·         A business can reduce its costs by using electronic commerce in its sales support and order-taking processes.

·         Electronic commerce increases sale opportunities for the seller.

·         Electronic commerce increases purchasing opportunities for the buyer.

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Faster buying/selling procedure, as well as easy to find products.

Buying/selling 24/7.

More reach to customers, there is no theoretical geographic limitations.

Low operational costs and better quality of services.

No need of physical company set-ups.

Easy to start and manage a business.

Customers can easily select products from different providers without moving around physically.

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Reach out to more customers. For example, some products are only available in US. With e-commerce, it enables the customer to interact with the seller in US to purchase that certain product.
Rely lesser on business intermediaries. Businesses can save the cost on intermediaries like wholesaler and retailers and straight interact with customers.

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First, it tend to general society welfare such like lower costs to issue and others.
Lower costs to issues - public retirement and welfare support
Secure and quick internet transmission also available through e-commerce and fraud as theft loss protection. Electronic payments easier to audit and monitor. At the same time, it able to reduce commuter-caused traffic, pollution due to telecommuting. Not only that, products and services available in remote areas.

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- Faster buying/selling procedure, as well as easy to find products.
- Buying/selling 24/7.
- More reach to customers, there is no theoretical geographic limitations.
- Low operational costs and better quality of services.

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-Create a virtual community by gathering of people online
-To sellers, e-commerce increases their profits and sales as well as decreases costs.
To buyers:
-increases purchasing opportunities
-identifies new suppliers and business partners
-easier negotiating price and delivery terms
-increase speed, information exchange accuracy
-wide ranges of choices
-customizes prospective purchase information details
-better customer service
-quick comparison shopping

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Faster buying/selling procedure, as well as easy to find products.

Buying/selling 24/7.

More reach to customers, there is no theoretical geographic limitations.

Low operational costs and better quality of services.

No need of physical company set-ups.

Easy to start and manage a business.

Customers can easily select products from different providers without moving around physically.

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-Seller can increases profits and sales, decreases costs
-Buyer able to increase purchase opportunities, identify new suppliers,easier negotiating, wider range of choices
-Low finacial cost
-Potential income
-Able to sell internationally
-Easy to showcase bestseller products

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1. Increase profits and sales, decreases costs for seller
2. Increase purchasing opportunities for buyers
3. Buyers can identifies new suppliers and business partners
4. Buyers have wider range of choices

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In this section, you’ll learn what are the advantages of ecommerce. From the low financial cost to passive income, there are a lot of great reasons to start an online store. These benefits of ecommerce will help you determine if starting an online store is right for you.
One of the e-commerce benefits is that it has a lower startup cost. Physical retail stores have to pay up to thousands of dollars to rent one of their store locations. Also, they have several upfront costs such as store signs, store design, buying inventory, sales equipment, and more. Physical retail stores also have to pay staff to work and run each location. They may also need to hire security staff depending on the product value in the store.
One of the advantages of e-commerce is that online stores are always open for business. With your Facebook ads, you can attract someone at 11 p.m. or 4 a.m.. Most physical location stores are open between 9 a.m. to 9 p.m. By being available at all hours, you can attract people who would normally pick up a product in stores, if the store were open. You can also attract those who may have odd work schedules or who don’t have time to shop in-person. For a customer to order at night, you don’t need to have employees working the night shift to ensure all orders get processed. You’ll never need to hire a security guard.
Next on the list of e-commerce benefits is that a new brand can sell to customers around the world easily. You have the ability to discover your audience whether they’re in the U.K., South America, or neighboring countries. If you choose to drop ship from AliExpress, many products offer affordable ePacket shipping or free shipping. This allows you to price and ship your products competitively to a worldwide audience.
E-commerce benefits like being able to easily display best-sellers makes it easier to show off products to customers. While you can design a brick and mortar store to sway people to buy certain products, it’s easier for a customer to find the best-sellers in an online store. The reason why you want customers to buy your best-sellers is because they’re proven. Other customers have already bought them and are happy with their purchase. If you want to showcase new products to customers you can include them in your upsell, email marketing or retargeting ads.

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1) Low Financial Cost -   lower startup cost
2) 24/7 potential income -  online stores are always open for business
3) Sell Internationally -  new brand can sell to customers around the world easily
4) Easy to showcase Bestsellers -  able to easily display best-sellers makes it easier to show off products to customers
5) Personalized online experience -  enhance the online shopping experience

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To seller: Increased profits and sales, decrease costs
To buyer: Increased purchasing opportunities, identifies new suppliers and business , increased speed, information exchange accuracy, wider range of choices, customizes prospective purchase information detail, secure and quick internet transmission, reduces commuter-caused traffic, pollution due to telecommuting, products and services available in remote areas

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Nurul Ammelia Binti Mustpha Kamal 1121116210

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Nurul Ammelia Binti Mustpha Kamal 1121116210

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Ecommerce is a system that gather people online. For the seller, it increases the profit and sales. But for the buyer it increases the purchasing opportunities and easy for the buyer to negotiate price. It is also secure and quick internet transmission.