3. Why is it Important
Ecommerce offers business a range of opportunities,
from marketing opportunities to increasing your
products ranges to getting more sales and with an
enhanced and well developed website you can not only
achieve these goals but also offer your customers a
round the clock, convenient service, that can boost
your business.
5. Benefits
One of the ecommerce benefits is that it has
a lower startup cost. Physical retail stores have to pay
up to thousands of dollars to rent one of their store
locations.
24/7 potential income
Sell internationally
Personalized online experience
Affordable employees
6. Disadvantages
No one can buy during a site crash
Consumers cant try before they buy
Customers can be impatient
You need to find a way to ship your product
7. Stats
Responsible for 2.3 trillion dollars in sales
Accounts for ten percent of retail sales
Sixty-Seven percent of millennials prefer ecommerce
United states is the second largest ecommerce market
with three hundred forty billon
8. Predictions
By 2021 ninety-five of purchases will be made online by
2040
Sales are supposed to nearly double from 2.3 trillion to
4.5 trillion .
In the U.S. alone, online shopping already accounts for
10% of retail sales and is expected to grow at a year-on-
year rate of 15%