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E commerce- small businesses and entrepreneurs-imediadesign


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Small businesses and entrepreneurs are rushing to the internet to do the business and new reach markets. The expansion of the internet has contributed to rampant growth in the e-commerce development. While the e-commerce is used for advertising, business-to-consumer and business –to-business transactions, small businesses and entrepreneurs encounter several challenges.

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E commerce- small businesses and entrepreneurs-imediadesign

  1. 1. E-Commerce:​ ​Small​ ​Businesses​ ​and​ ​Entrepreneurs Small​ ​businesses​ ​and​ ​entrepreneurs​ ​are​ ​rushing​ ​to​ ​the​ ​internet​ ​to​ ​do​ ​the​ ​business and​ ​new​ ​reach​ ​markets.​ ​The​ ​expansion​ ​of​ ​the​ ​internet​ ​has​ ​contributed​ ​to rampant​ ​growth​ ​in​ ​the​ ​​e-commerce​ ​development​.​ ​​While​ ​the​ ​e-commerce​ ​is​ ​used for​ ​advertising,​ ​business-to-consumer​ ​and​ ​business​ ​–to-business​ ​transactions, small​ ​businesses​ ​and​ ​entrepreneurs​ ​encounter​ ​several​ ​challenges. ​ ​Also​ ​known​ ​as​ ​an​ ​online​ ​store,​ ​an​ ​​e-commerce​ ​website​​ ​has​ ​features​ ​that​ ​make​ ​it easy​ ​for​ ​the​ ​customers​ ​to​ ​browse​ ​for​ ​the​ ​products,​ ​pick​ ​them​ ​out,​ ​put​ ​them​ ​on​ ​a cart​ ​and​ ​then​ ​pay​ ​for​ ​them​ ​at​ ​the​ ​checkout. At​ ​the​ ​beginning​ ​of​ ​the​ ​21​st​ ​ ​century,​ ​we​ ​saw​ ​a​ ​huge​ ​surge​ ​in​ ​the​ ​way​ ​that​ ​the internet​ ​was​ ​used​ ​with​ ​regards​ ​to​ ​buyer​ ​–​ ​seller​ ​interactions​ ​for​ ​hard​ ​goods. Companies​ ​like​ ​Amazon,​ ​eBay,​ ​and​ ​Alibaba​ ​have​ ​flourished,​ ​offering​ ​the​ ​cheap quality​ ​goods​ ​and​ ​prompt​ ​delivery​ ​services. It​ ​has​ ​become​ ​easier​ ​than​ ​ever​ ​to​ ​integrate​ ​a​ ​workable​ ​solution​ ​that​ ​will​ ​work​ ​for many​ ​people.​ ​​ ​The​ ​big​ ​question​ ​remains:​ ​what​ ​are​ ​the​ ​benefits​ ​of​ ​e-commerce​ ​for the​ ​small​ ​businesses​ ​and​ ​entrepreneurs?
  2. 2. Here​ ​are​ ​some​ ​of​ ​the​ ​advantages​ ​of​ ​the​ ​integrating​ ​an​ ​​E-Commerce​ ​system​: ● Increase​ ​in​ ​sales:​​ ​There​ ​has​ ​been​ ​to​ ​a​ ​tremendous​ ​increase​ ​in​ ​online​ ​sales over​ ​a​ ​couple​ ​of​ ​years.​ ​This​ ​attributed​ ​to​ ​the​ ​fact​ ​that​ ​most​ ​people​ ​prefer the​ ​ease​ ​of​ ​access​ ​and​ ​convenience​ ​that​ ​comes​ ​with​ ​the​ ​​E-Commerce platforms​. ● Increase​ ​in​ ​Customer:​​ ​It​ ​is​ ​clear​ ​that​ ​​an​ ​e-commerce​ ​development​ ​service brings​ ​a​ ​lot​ ​of​ ​convenience​ ​in​ ​terms​ ​of​ ​payments.​ ​This​ ​therefore automatically​ ​invites​ ​more​ ​customers​ ​and​ ​also​ ​impulse​ ​buyers.​ ​The​ ​online payment​ ​system​ ​may​ ​accept​ ​the​ ​different​ ​modes​ ​of​ ​payments,​ ​this​ ​makes​ ​it easier​ ​for​ ​small​ ​companies​ ​to​ ​get​ ​the​ ​customer​ ​diverse​ ​background. ● Ability​ ​to​ ​be​ ​open​ ​24/7:​​ ​Many​ ​small​ ​businesses​ ​that​ ​do​ ​not​ ​use e-commerce​ ​may​ ​find​ ​it​ ​difficult​ ​to​ ​be​ ​open​ ​24/7​ ​due​ ​to​ ​multiple​ ​overheads that​ ​come​ ​with​ ​it​ ​in​ ​terms​ ​of​ ​staff​ ​and​ ​utility​ ​payments.​ ​On​ ​the​ ​other​ ​hand e-commerce​ ​website​ ​Development​ ​Company​​ ​makes​ ​it​ ​possible​ ​for​ ​a business​ ​to​ ​be​ ​open​ ​and​ ​accessible​ ​round​ ​the​ ​clock​ ​without​ ​any​ ​increase​ ​in overheads. Transactions​ ​and​ ​payments​ ​can​ ​continue​ ​being​ ​made​ ​automatically, without​ ​any​ ​supervision.​ ​If​ ​the​ ​small​ ​business​ ​is​ ​dealing​ ​in​ ​the​ ​digital​ ​goods, the​ ​business​ ​can​ ​become​ ​automatic​ ​totally-​ ​full​ ​transactions,​ ​including purchase​ ​and​ ​delivery,​ ​will​ ​be​ ​automatically​ ​carried​ ​out​ ​the​ ​outline. ● Instant​ ​processing​ ​of​ ​transactions​:​ ​This​ ​platform​ ​enables​ ​the​ ​business​ ​to transact​ ​instantly.​ ​This​ ​process​ ​takes​ ​away​ ​all​ ​the​ ​aggravations​ ​that​ ​come with​ ​the​ ​other​ ​modes​ ​of​ ​payment​ ​that​ ​may​ ​require​ ​the​ ​merchant​ ​to​ ​wait​ ​up 30​ ​days​ ​or​ ​even​ ​more​ ​sometimes,​ ​but​ ​the​ ​​e​ ​-commerce​ ​transactions​​ ​clear in​ ​seconds​ ​and​ ​merchants​ ​can​ ​either​ ​receive​ ​funds​ ​immediately​ ​or​ ​wait​ ​for only​ ​2-3​ ​days​ ​to​ ​get​ ​cash​ ​in​ ​their​ ​accounts.
  3. 3. ● Increase​ ​Business​ ​reach:​​ ​​ ​A​ ​business​ ​operating​ ​offline​ ​may​ ​challenge​ ​in reaching​ ​the​ ​wide​ ​scope​ ​of​ ​customers.​ ​On​ ​the​ ​other​ ​hand​ ​​E-commerce development​​ ​has​ ​enabled​ ​local​ ​small​ ​businesses​ ​to​ ​reach​ ​the​ ​international masses.​ ​There​ ​is​ ​no​ ​limit​ ​of​ ​internet​ ​reach,​ ​so​ ​through​ ​the​ ​e-commerce platforms;​ ​people​ ​can​ ​pay​ ​for​ ​goods​ ​and​ ​services​ ​from​ ​any​ ​corner​ ​of​ ​the world. ● Product​ ​tracking:​​ ​Since​ ​the​ ​purchase​ ​of​ ​your​ ​product​ ​is​ ​happening​ ​online, you​ ​can​ ​easily​ ​send​ ​that​ ​order​ ​to​ ​Fulfilment​ ​Company​ ​or​ ​track​ ​where​ ​that product​ ​is​ ​in​ ​the​ ​fulfillment​ ​process​ ​as​ ​its​ ​being​ ​shipped​ ​out​ ​to​ ​the customer. ● Automated​ ​customer​ ​feedback​ ​and​ ​support:​​ ​Every​ ​business​ ​must​ ​deal​ ​with the​ ​customer​ ​feedback,​ ​questions​ ​and​ ​issues.​ ​No​ ​customer​ ​wants​ ​to​ ​go​ ​to the​ ​physical​ ​store​ ​location​ ​and​ ​then​ ​search​ ​for​ ​the​ ​manual​ ​support​ ​or​ ​fill​ ​a survey​ ​card. Ironically,​ ​many​ ​online​ ​customers​ ​are​ ​more​ ​than​ ​willing​ ​to​ ​search​ ​an​ ​online support​ ​forum,​ ​fill​ ​out​ ​a​ ​customer​ ​survey​ ​or​ ​take​ ​advantage​ ​of​ ​a​ ​business’s 24-​ ​hour​ ​telephonic​ ​service. The​ ​​online​ ​business​​ ​offers​ ​many​ ​advantages.​ ​The​ ​young​ ​entrepreneurs​ ​and small​ ​businesses​ ​can​ ​save​ ​on​ ​the​ ​cost​ ​of​ ​running​ ​a​ ​traditional brick-and-mortar​ ​store,​ ​can​ ​accept​ ​the​ ​online​ ​payments,​ ​ship​ ​products​ ​with the​ ​logistics​ ​support​ ​and​ ​can​ ​reach​ ​customers​ ​all​ ​over​ ​the​ ​globe.​ ​The​ ​cost​ ​of setting​ ​up​ ​the​ ​website​ ​is​ ​low,​ ​but​ ​it​ ​establishes​ ​a​ ​strong​ ​foothold​ ​in​ ​the industry​ ​and​ ​it​ ​also​ ​stimulates​ ​the​ ​public​ ​interest​ ​by​ ​the​ ​medium​ ​of​ ​social media,​ ​videos,​ ​e-mailers,​ ​online​ ​advertisements,​ ​etc.
  4. 4. 481​​ ​​​ ​University​​ ​​​ ​Avenue,​​ ​​​ ​Suite​​ ​​​ ​305 Toronto,​​ ​​​ ​Ontario​​ ​​​ ​M5G​​ ​​​ ​2E9,​​ ​​​ ​CANADA +1-416-​ ​901-6025​ Montreal​​ ​​​ ​1396​​ ​​​ ​st​​ ​​​ ​Catherine Montreal,​​ ​​​ ​Quebec,​​ ​​​ ​H3G​​ ​​​ ​2B7,​​ ​​​ ​CANADA +1-514-​ ​900-3599 E-Mail​ ​-​ ​​MEET@IMEDIADESIGNS.CA