What are the major benefits of E-commerce?

Electronic Commerce is also known as e-commerce that consists of the purchasing and selling of products or services through electronic systems like computer networks and the Internet. read more

Major benefits of E-commerce according to me : It provides online marketplaces for third-party business-to-business(BuildaBazaar, Shopify) , business-to-consumer(Amazon , flipkart , Infibeam) and consumer-to-consumer sales( Social media (e.g. Facebook), Advertisement websites (e.g. Craigslist) and Online auction sites (e.g. eBay). read more

Among the top advantages for starting an e-commerce business are eliminating geographical limitations, gaining new customers with search engine visibility, lower costs for maintenance and rent, and higher capacity for goods and deliveries while the core disadvantages of starting an e-commerce business include losing the personal touch of physical retailers, delaying goods or services deliveries, and limiting availability of merchandise as some goods cannot be sold online. read more

When you read the following list of advantages of e-commerce for businesses and customers, you will get the sense that e-commerce is the holy grail of retail. To see the other side of the coin, do not miss out on my article about the disadvantages of e-commerce. read more