Live Business Media – III
Author: Andy Dicosta
Advantages of Electronic Commerce or E-commerce
1. Adaptable Catalog and Online revision
Direct link facility to content and visuals displayed on client web site is possible. E-catalogs can be updated, more often than not. New products, price adjustments can be incorporated as and when you intend to, sans the expense and time involved as with the conventional print catalog.
Wide spread search capabilities via item name, corporate name, division name, location, price, partner, manufacturer or any other specific need.
2. Plugging in the Competition Gap
* Cuts down marketing/advertising expenses; offers a level-playing field to both the Davids and Goalith of the industry; companies can effortlessly compete on quality, price, and accessibility on one platform.
3. Limitless Market Place Which Helps Expand Customer Base
* The Internet offers the customers with the opportunity to glance through and shop at their convenience. The best part being the customers can have access to your services from home, or office 24 *7 a week.
* The Internet helps connect with people all across the globe, providing your products to a global customer base.
4. A 24*7 Hour Store cuts Sale Cycle
* Brings down avoidable phone calls and mailings.
5. Cuts down Overhead Expenses
* Cuts down on inventory, employees, purchasing costs, processing costs connected with faxing, data entry, and phone calls and even get rid of physical stores. Also, brings down transaction costs.
6. Do away with Middlemen
* Deal directly with your customers.
7. Effortless Business Management
* Installation of right software, shipping and receiving logs, and other management responsibilities can be mechanically stored, classified and restructured in real-time, and accessed on demand.
8. Assists your workforce
* Takes off the pressure from customer service and sales support.
9. Competent Business Relationships
* Improved way to deal with dealers and suppliers.
10. Workflow Mechanization
* Putting in place shipping, and real time inventory accounting system.
* Automated registration verification, account entry and transaction authorization features.
* Automated Request for Proposal feature for seller bid development and selection.
* Banking and accounting features tailored for pre-approved third party direct sales, vendor, consignment or internal transfer transactions.
12. Safe and sound Payment Method
New development in payment technologies ensures secure payment online.About the Author:
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