So you've been thinking about starting your own online business that's great. But, perhaps you are still unsure whether an e-commerce business is a right option for you. Don't worry now I will inform you about the advantages and the disadvantages of the e-commerce business. In the last of the post, you'll have all the information you need to make the best decision for you and your future business.
Advantages of eCommerce
- Faster buying/selling procedure, as well as easy to find products.
- Buying/selling 24/7.
- More reach to customers, there are no theoretical geographic limitations.
- Low operational costs and better quality of services.
- No need for physical company set-ups.
- Easy to start and manage a business.
- Customers can easily select products from different providers without moving around physically.
Disadvantages of Ecommerce
- Anyone, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money.
- There is no guarantee of product quality.
- Mechanical failures can cause unpredictable effects on total processes.
- As there is a minimum chance of direct customer to company interactions, customer loyalty is always on a check.
- There are many hackers who look for opportunities, and thus an eCommerce site, service, payment gateways, all are always prone to attack.
