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The Importance of E-commerce in Modern Business

1st Sep 2017 / Sheree Krause / eCommerce

E-commerce has become an integral part of business in the modern world. It is generally associated with buying or selling a product by using the Internet as the platform. Information and communications technology (ICT) is used in e-commerce marketing to create and add to relationships among organizations and between an individual and an organization. At present, about half of the world prefers purchasing items online at their convenience. Business-to-business (B2B), business-to-consumer (B2C), and business-to-government (B2G) are some of the types of e-commerce marketing.

How to do e-commerce marketing:

➢Planning a Content Marketing Strategy

Every e-commerce business must have a plan to follow through. Make a note of what strategies are to be used in the near future to attract customers (blogs, infographics or videos). Embarking on an e-commerce marketing project does not only mean planning a strategy and then following it blindly. Regular revisions are required to keep up with the latest trends.

➢Automated Email Marketing Campaign

Email is still one of the best methods to send notifications and updates about any offers or discounts. Moreover, customers and potential clients are more likely to check their email notifications rather than click on a random ad.

➢Diversification via Social Media

E-commerce through social media is the best way to gauge choices and behavior of customers. Facebook, Twitter, Google+ and Pinterest are some of the social networking channels that anyone can access from their smartphone or personal computer.

➢Personalization Strategy

If automated emails are used to notify customers and potential customers then make sure that their names are addressed. If these emails are personalized then the customers have the feeling that the offer is especially for them.

➢Original Content

Original content is a must in e-commerce marketing services. Original content will gain a larger response than unoriginal content. That way the customers will get to know more about the marketing site then.

These are some infallible e-commerce marketing tactics that you should utilize in order to benefit from e-commerce marketing services.

Advantages of E-commerce Marketing:

➢Convenience and Ease

The best advantage of e-commerce marketing is convenience. The procedure is user friendly and the customer is just a click away from getting any information. The e-commerce marketing site operates round-the-clock. A person can buy products from anywhere in the world at any time.

➢Offer Product Datasheets

Most e-commerce websites have detailed descriptions of their products along with images. In this way, the customers don’t have to judge the quality of a product from the image alone.

➢Search Engine Visibility

As numerous e-commerce websites are in the market these days, increasing search engine visibility will attract more customers to your website.

➢Comprise Warranty Information

Before purchasing anything online, a customer generally checks its authenticity and warranty. Therefore, mentioning the warranty or guarantee period in e-commerce marketing is beneficial. The physical stores do not always mention them.

➢Decreased Cost of Inventory Management

If the inventory of goods is an automated process, then not only is there a reduction of costs, but also of risks.

➢Competence

The setting-up cost of an e-commerce business is extremely low compared to setting up a physical shop. Moreover, it is easier to get a license and permit for an e-commerce marketing site. Billing customers and inventory management are usually automated. This reduces labor costs. Therefore, e-commerce in modern business is much more efficient.

➢Selling Products all around the World

In the case of physical stores, the geographical area is limited. Moreover, small business stores cannot compete in the larger world of business, but with the help of sound e-commerce marketing strategies, even a small business can overtake a larger business.

➢Economy

As no investment is required in infrastructure or insurance in e-commerce business more money can be invested on the products and ideas. It will boost your marketing strategies and increase traffic to your e-commerce website.

➢Multi-site

E-commerce marketing provides an easy option to branch out. Unlike establishment costs involved in new stores, this business does not have those expenses. Another advantage is that it enables the business owner to provide co-brand websites to special customers.
Here we list most of the e-commerce marketing services payment options.

➢Cash on delivery

The retail e-commerce websites offer this traditional method of payment. The customers can make the final payment from their home or the receiving address after the product has been delivered.

➢Bank Payments

In some cases, like government transactions, payment through “challan” method is also applicable. Otherwise, payment through net banking, debit cards and credit cards are also available.

➢Other options

Digital wallet is a new method when compared to the other methods.

Hence, e-commerce marketing is the new and progressive direction of business that is sure to last..

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