We have 18 to 30 million e-commerce websites worldwide that have a lot of work to do every day. The reason is simple – people worldwide are moving quickly to online shopping. Even if we consider the e-commerce sector more competitive, you should not miss the opportunities it offers for your business. Let’s look at some interesting facts before moving on to some of the vast benefits it offers small businesses.
Interesting statistics for a thriving e-commerce sector
- 95% of all purchases will be made e-commerce by 2040.
- 93.5% of Internet users buy the product online worldwide
- The eCommerce sector is growing by 23% year on year, but 46% of small businesses in the United States do not yet have a website.
- 46% of SMEs believe that offering free transport will increase their income
Benefits of E-commerce Development for Small Businesses
Now you need to build an online presence to attract technology customers and increase sales. A custom eCommerce development services can help you effectively serve this purpose.
Here are the main business benefits of eCommerce growth.
Reduced Operating Costs
The most significant benefit of eCommerce solutions is the reduction of business costs. There is no need to build brick-and-mortar stores everywhere because you can manage your business through the eStore. It will save a lot of money such as rent, electricity and other expenses. This benefit also makes it easier for you to eliminate more people who stay in your stores, and you can focus on strengthening your transportation network.
SEO Benefits
Web eCommerce is environmentally friendly to SEO and organic SEO efforts. You can make the most of the names and descriptions of your products based on keywords. Compulsive content will attract more people to your business and increase sales. Still, it will also improve the ranking of your website, and your e-commerce website can achieve the highest SERPs (search engine results pages). This can further enhance your online business.
High Revenue
With expanded reach and more sales over time, your online store can generate a higher revenue than traditional physical retail. Your customer base will expand, which will be directly reflected in your income. Simply put, you can expect a high ROI (return on investment) through a hassle-free and user-friendly e-commerce website.
Extending the Reach
Another great advantage of e-commerce is pushing the borders of states and countries. It brings your business to a broad audience worldwide, and you can sell different products or services to many people in one place. Whether you want to expand your business nationally or internationally, a magento eCommerce development company in Jaipur can help you build a robust eCommerce business.
Build a Reputation
Reputation is still one of the most effective marketing methods that can help any brand become viral in a short time. In the competitive part of retail, customer reviews and evaluations of specific sellers and products are the most important. You can ask customers to post reviews online and build a reputation on various social media platforms.
Shop 24/7
Unlike a stone retail store, your e-shop is open 24 hours a day, seven days a week. Existing and future customers can visit your online store, view various products and order any of them at any time. The support point can also help customers, and visitors get answers to their questions 24/7. In general, an e-commerce website can promote your online retail business and help you build a loyal customer base over time.
Improve customer service
A website development company in Jaipur can develop a helpdesk for customers, visitors, and chatbots who can talk to them 24*7, solve questions, and get feedback. The eCommerce Web site may also record customer shopping behavior data, and you may use this information to send personalized recommendations to your customers. In a way, eCommerce helps you improve customer service and your overall shopping experience.
Automated Delivery Solution
Online retailers are concerned about managing the shipping process for customers in different parts of the world. Thanks to technological progress, this process can be automated using customized eCommerce solutions. Your products can be delivered to any part of the world from anywhere according to customer orders. You must consult a reputable eCommerce application development company and integrate the automated delivery solution into your existing eCommerce site as a new one.
Real-time Monitoring
Real-time tracking is helpful for retailers and customers. One of the key benefits of a multifunctional e-commerce site is that your customers can quickly track their orders and know the estimated delivery time. You, as a retailer, can soon check inventory by monitoring products. In a way, it’s easy to find product placement, and the time it takes for your customers to get their hands on it. By tracking products in real-time, you can also avoid out-of-stock situations.
Concluding Lines
Ecommerce with the features you need can take your business to a new level by bringing changes to core processes. It can keep your retail in line with other small and medium-sized retailers while allowing you to expand it online. In addition to attracting customers worldwide, e-commerce solutions can help you gain a loyal customer base over time.
