Sunday, April 22, 2018

e commerce etics

 
Same as what every business needs - greater reach, expanding customer base, be ahead of your competitors and diversify (in time and if needed).
Objectives
e-commerce means business over internet, in the most layman-est of terms.
So you harvest all the benefits internet has to offer, some being:
1. Reach out to a larger audience - internet access is becoming so mainstream now that your product/service can reach almost everyone on the planet with a internet-enabled device.
2. Your virtual shop remains open and operational 24x7 even if you/your staff are not working- this might not be wholly true if your product is a service-which requires immediate human-intervention
3.  In most cases; you need not maintain the whole stock of products - again this varies for different business models and will work greatly if you have a good supplier who does not defaults on supplies and a good shipping partner/team who work in sync for delivery
4. You build your brand more quickly - as more people will know and talk and post and blog about you on social networks - duh! :)
5. Once your brand is build you can diversify easily and also pull out of a certain segment if that does not works out for you with minimal losses -
typical example will be Flipkart's music(tunes) store which closed off even being a great initiative.
6. For most part; setting up a website and maintaining it is lots cheaper given the plethora of hosting services available.
7. Also with the new crop of 3PL partners (within India) like Aramex, Delhivery etc your shipping can also be outsourced

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e commerce etics

  Same as what every business needs - greater reach, expanding customer base, be ahead of your competitors and diversify (in time and if...