The transformation from traditional to e-commerce business, has left a powerful impact on the local vendors. Each and every seller is expanding its business and spreading its roots, when it comes to e-commerce industry. The only reason behind this is that, online business has paved a gateway for the vendors to sell their goods and services on a larger scale. One can fetch a lot of benefits by switching to online shopping portal, as it offers a comprehensive range of advantages.
Electronic commerce consists of buying and selling of goods and services, online. In this modern world of innovative technologies, online business is the one that is becoming extremely significant. More and more traditional vendors are joining it, in order to expand their business.
With increasing demand of online shopping, many vendors are shifting their businesses to e-commerce portals from brick-and-mortar stores. A large population of people now buy goods and services, only from those portals. From the home decors to day-to-day groceries, everything is just one click away. It is easy to understand its impact on the world. And it is expanding tremendously because of its huge range of benefits, that any industry vertical can relish.
Today e-commerce business has revolutionized the traditional way of business. Now, vendors are able to sell their products, irrespective of the time. Below mentioned are some benefits of e-commerce business, that every seller can experience after joining it.
1. EASE AND CONVENIENCE
In this hectic life style, online shopping is the best and preferred option. It allows customers to buy products and services, irrespective of the location and the time. Since time and place are no longer a boundation for the customers, vendors can sell their products 24*7 on the portal. This enables them to generate revenue even when they are sleeping.
When vendors join online store, they are exposed to the large customer base from all over the world. Users save a lot of time and money by searching the goods and services of favourite local vendor online.
2. DESCRIPTION
After joining an e-commerce portal, sellers can provide detailed description of their offered goods and services, right next to the image of the product. Because through product description, customers make their final decision, to purchase the product. Providing an effective description helps buyers to understand even the minute details of the product. Through which buyers can carefully evaluate and shop according to their requirements.
It is very important to provide information about the product, irrespective of time, and sellers can easily do the same after joining an online shopping store.
3. ATTRACT LARGER AUDIENCE WITH SEARCH ENGINE VISIBILITY
It is a common fact that traditional business has a limited approach. But, online business is successfully shattering all those limitations, by fetching business from each and every direction. So vendors after joining the portal can increase their search engine visibility, and sell their goods and services to a larger audience.
4. CAN SHARE IMPORTANT INFORMATION
Vendors after joining the online portal can provide a detailed information, about all their goods and services. For example, providing warranty details of a product. This can be included in the product description or in datasheets. Vendors can make sure, that each and every important information, related to the goods and services, is provided to the buyer.
5. REDUCED INVENTORY MANAGEMENT COST
E-commerce stores help sellers to decrease their inventory management cost. That includes managing:
• Store
• Goods
• Quality
• Staff
• Buyers
• Added cost
E-commerce stores allow vendors to manage their inventory of goods and services, by automating the entire process using the web-based management system. Therefore, vendors can indirectly save their operational cost by joining an online store.
6. OBSERVE CUSTOMER BEHAVIOUR
One of the greatest advantages of joining an e-commerce portal, is that the sellers can keep an eye on buyers' shopping habits and interests. The platforms provide details to the sellers, about the buyers' buying habits, using the data. Vendors can therefore, improve and strengthen their relationship with them, by satisfying their needs. This helps to build long lasting relationships.
7. COMPETENCE
In order to achieve effective business transactions, e-commerce is a competent and efficient method. The setting up cost is very low, when compared to expanding the business with several brick-and-mortar store locations. Very few permits and licenses are required, before starting an online business, in comparison to physical store. Sellers can also save a lot of money, as they do not need to employ people, for different tasks like, managing inventory, billing customers, etc.
8. SELLING ALL OVER THE WORLD
Geographical limitations cannot be ignored when it comes to running a physical store. But after joining the e-commerce website, sellers can easily curb that limitation, because they can sell their goods and services all over the world. Then the website becomes the shop, and the entire world is transformed into a potential customer base.
9. 24*7*365
One of the most important advantages that sellers can enjoy after joining an e-commerce website is that, their store timings are now 24*7*365. Since they can run their business all the time, they can further increase their sales, by multiplying the number of orders. It is also beneficial for the buyers as they can shop for the products of their favourite seller, whenever they want. Time is no longer a constraint.
10. ECONOMY
Local vendors don't need to invest their money into a physical store, its maintenance, insurance, infrastructure or decor, instead all they need is an amazing idea and unique products. This makes the e-commerce business a lot more reasonable and economical.
11. BRAND AWARENESS
Once the seller starts selling the products on a website, a large number of customers can relish their goods and services. Larger audience leads to elevated brand awareness in the market. Creating pages that can be indexed by the search engine crawlers, is the best technique to enhance the e-commerce portal's search engine optimization. This leads to amplification of target audience.
12. DECREASED COST
Another added benefit of the e-commerce business is that it can easily lower down the cost of the business. Below mentioned are a few costs that can be easily reduced.
• Inventory Management Cost
• Advertising and Marketing Cost
• Traveling Cost
CONCLUSION
These are only a few of the advantages that vendors can relish after joining an e-commerce platform. But finding a perfect platform is not a simple task for vendors. One of the best platforms that satisfies all the requirements of local vendors is WAKI.
Based in Saudi Arabia, WAKI is an online shopping store that provides local vendors an opportunity to sell their goods and services online, and hence expand their customer base. WAKI helps them to generate a larger revenue. But that is not it, WAKI also provides its customers with a huge range of goods and services to choose from.
For more information, get in touch today!
