ECommerce solution from WebBazaar, Designed for Indians

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What is E-Commerce?
E-commerce is a term for any kind of business, or commercial transaction, that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods or services between corporations.

E-commerce allows consumers to electronically exchange of goods and services with no barriers of time or distance.

Advantages and Disadvantages of Electronic-commerce

Advantages of Electronic-commerce
1. Enhances convenience: Consumers can make orders for goods at their own convenience and from the comfort of their homes without having to travel to the business premise. Orders are also delivered to their most ideal locations. It is the best shopping option for people .
2. Allows for product and price comparison: When making purchases, customers want to get the best deals. This kind of business model allows product and price comparison by customers so that the best products are bought at the affordable prices. They can get extra benefits like discounts, coupons, items on sale and also get the best deals.
3. Easy fundraising for startups ventures: Many people have the desire to venture into business but lack of sufficient funds to set up shop.. E-commerce makes easier to start-up the business and grow well.
4. Efficient: Resources which are used efficiently since most of the business services are automated. Business owners sometimes spend a lot of resources meeting business needs. E-commerce thrives on efficiency.
5. Customer reach: It is easier to reach many consumers on the internet. Using social media links and good search engine optimization strategies, an internet business can increase brand awareness and grow its customer base.
6. Prompt payments: Payments are fast since online stores ,like electronic or mobile transactions payment methods. The mobile wallet system for merchant accounts drive up sales and increase revenue generation.
7. Ability to sell different products: The flexibility of conducting business over the internet makes it possible for entrepreneurs to display and sell several products and cater to a wider demographic.

Disadvantages of Electronic-Commerce.
1. Poor quality products: Physically you don’t see and inspect whatever you are paying for before it’s delivered, Therefore, the risk of falling victim to the false marketing of buying poor quality products from the virtual shop.
2. Impulsive purchases: Online stores display a large number of products and due to the convenience of shopping, consumers can find themselves making bad financial decisions through impulsive purchases.
3. Internet scammers: The internet is a good thing but often some people have used it for all the wrong reasons.This type of business model are unattractive for some customers.
4. Lack of after sales support: Lack of physical premises, customers find it hard to access after sales support.
5. Fast changing business environment: Technology is improving day by day.. Some entrepreneurs find it hard to keep up and lose a lot of business in the process. This may make business growth unattainable.
6. Loss of personal touch:Business model erodes the personal touch between a customer and the business owner. Cultivating loyalty can thus be a problem since there are many such businesses that provide different options.
7. Delivery of goods can get delayed :Sometimes the delivery delays and this inconveniences the customer. This is different from physical business premises where customers walk out with the products bought.
 

Type of Electronic-Commerce Solution

  • Business-to-Consumer (B2C)
  • Hosted Solution

What is 'Business To Consumer - B To C'
The Business-to-Consumer is a type of E-commerce or electronic commerce is distinguished by the establishment of electronic business relationships between businesses and final customers. It is corresponds to the retail section of E-commerce, where traditional retail trade normally operates.

What is Hosted E-Commerce?
Hosted E-commerce means the provider themselves will host your store. Your website will be live on their servers and they technical support, uptime and performance within agreed parameters. The downside to doing things this way is that you’ll be paying a monthly fee, because your site’s functionality is being provided to you as a service. This fee can sometimes run quite high, and you will also have less control over how your site looks and behaves than some other hosting methods would provide.

OpenCart is secure, adaptable, include rich, trustworthy and can do all that you have to maintain an effective E-commerce business on the web. The choices are numerous when you are hoping to build up an E-commerce site and settling on OpenCart is a choice that you will love. In the event that you are searching for a trusted and experienced OpenCart advancement organization to assist you with your eCommerce business needs, please don't hesitate to connect with the group at Web Bazaar for all your improvement or computerized showcasing needs. We can offer you the administrations that you have to ensure your business is online successful regardless of what measure you are.

 

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