The technological advancement has reshaped the retail industry. Today retail markets are moving towards online business.
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2. The technological advancement has reshaped the retail industry.
Today retail markets are moving towards online business.
Customers find much comfortable with online shopping as it is
much convenient and offers huge collections and choices. Above all
running online store is much beneficial in terms of cost when
compared to managing a physical store. For running e/ store you
don’t require any physical location, salesman, cashiers, labours
and other miscellaneous expenses.
Despite e/ store uses less resource when compared to physical
store. For customers, they can shop from anywhere any time saving
3. their time and efforts. It enables them to make cheap and easy
shopping, avoiding all other expenses. This in turn will increase
your revenue. For your website make yearly payment instead of
monthly payment that will save significant amount on your online
store. Buying goods for your online store involve high cost. So
spend some time on finding best manufacturers, suppliers, pricing
and shipping rates for your online store.
In this competitive market you will get wide choice and offers
make better use of those services for reducing your transaction
cost.
4. Maintain loyal relationship with business partners which will also
help you to reduce cost. By managing your e/ store on your own
you can save cost on maintenance. Running online store reduce
much your business cost when compared to running a retail store.
It reduces cost and manual work in many aspects. It helps to
manage all your cost and ensure lucrative business.