E-Commerce is a boom in the need of every company in today’s competitive world. Companies acquiring E-Commerce have experienced over a thousand percent increase in their sales and profits just by offering their products on Internet.
If you are a decision maker at your company, you are bound to wonder what your company should do about e-business now. Technology has changed the way companies used to sell their products. The Internet has forever altered how customers want to interact with you. They want every interaction, every communication, and every transaction to be streamlined and enhanced through Internet technology. Customers don't necessarily want you to replace existing processes. Rather, they want improvement over entrenched processes.
The main advantages of E-Commerce are:
Globally introducing your product, i.e. you can capture markets not only locally but from all around the world.
Increasing the sales by addressing the customer needs and providing them more options, by keeping everything in transparent.
Cutting the cost of sales force and reducing expenses of keeping and managing the outlets.
Increasing the credibility of your company by adding improvement over the entrenched process