It consists of the distribution, sale, purchase, marketing and supply of information
on products or services through the Internet. Basically, this network allows any potential customer to access your products and services from anywhere, at any time of the day. For this reason if it says that with its implementation, your sales grow and, therefore, your income too. Features 1. Ubiquity In traditional commerce, a market is a physical place we go to buy or sell. In electronic commerce we can do it from anywhere, at any time. 2. Global reach Technology extends beyond national boundaries, around the earth. 3. Standards Internet standards are worldwide. This decreases market entry costs for businesses and also reduces the search effort on the part of consumers. The ease of comparing prices, product descriptions, suppliers, delivery times is presented. 4. Multimedia On the Web Compared to traditional marketing, it is now possible to add more wealth to documents at a virtually no cost color, video, audio, text, images. 5. Interactivity Unlike most traditional media (except, to some extent, the telephone), electronic commerce allows both-way communication between the merchant and the consumer. 6. Density of information It is the quantity and quality of the information available to all market participants. In e-commerce it increases dramatically, there is an increase in real, effective competition. 7. Customization Electronic commerce allows you to customize the information to be displayed to the consumer, show your name, advertise items based on your interests or previous purchases, etc. Benefits for companies of having an online store Global reach: electronic commerce allows to eliminate geographical borders at low cost and quickly. Cost reduction: the implementation of an electronic store is much smaller than the implementation of a physical store. The business is always available: e-commerce solutions allow availability 7 days a week, 24 hours a day at a low cost Benefits for the ecommerce society Pollution decreases: e-commerce prevents consumers from traveling to physical stores, thereby reducing traffic and pollution. Increase coverage: virtual services allow more services to reach poor people. Improved standard of living: the purchase of products and services at a lower price generates a better standard of living in people. Increase access: it allows people in rural areas to have access to products that are not available in their geographical location. E-commerce systems E-commerce platforms unify, scale and maintain core business processes, such as the sale of products and services facing the front, and the background functions to manage the inventory and order history of customers. Depending on the need of the business, security and growth potential, an e-commerce platform can be open source or paid, and implemented either at the company's local facilities or in the cloud. Why use an e-commerce platform? Whether you are expanding a physical store, looking to change solutions, or even start a business from scratch, your choice of e-commerce platform has a great impact on the profitability and stability of your business. The only real alternatives to using an electronic commerce platform are: Build a system from scratch, which is out of the question for most companies, due to its cost. Outsource sales, which is not an option if you are looking to build and grow a scalable business, even a small one.
How will my business benefit?
In addition to the scalability and protection of your data safely, e- commerce platforms, whether hosted on the premises or in the cloud, offer a handful of operational benefits and commercial tools. These include: A product management package Commercialization Prices Promotions Search capabilities The ability to customize sales and services to your liking