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Brick and Mortar or E-commerce Store? Why e-commerce is the Future?
Brick and Mortar or E-commerce Store? Why e-commerce is the Future?
By Lukash
July 26, 2022
TECH
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The world of retail has changed dramatically over the last few years. Consumers are now able to shop online and have their items delivered to their homes. This means that they can purchase items at any time of day and from any location. This convenience is one of the main reasons e-commerce store is so popular with shoppers today.
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Convenience
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Ecommerce is a convenient way to shop. You can sit in your pajamas and order anything you want, any time of the day or night, without having to drive anywhere. Customers have more control over their shopping experience on e-commerce websites. They can search for exactly what they want and make purchases.
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When it comes to convenience, there are multiple benefits for retailers as well; An online store has lower overhead costs than a brick-and-mortar business. You don’t have to pay for rent or employees’ salaries. Therefore, margins are higher than those of traditional stores. It also saves time by not having to deal with customers physically visiting your store in person. You can ship products directly from your warehouse to customers’ homes. Moreover, you can deal with customer complaints over email instead of processing returns at the front counter. During off hours when no one else is around, you can still remain open 24/7 if needed! Lastly, there’s no need for physical inventory management. All products exist digitally through code instead. So this allows them greater flexibility in terms of price fluctuations without having too much excess stock lying around somewhere else waiting until someone buys them out.
Minimal Overhead Costs A brick and mortar store requires you to invest in a physical space, hire staff to run your store, pay for rent and utilities, as well as advertise yourself. You also need to carry inventory. The costs associated with owning a physical location can be high. Particularly for new businesses with no revenue stream or an established brand name. On top of this is the risk that comes from opening a physical location; there is always an element of uncertainty when it comes to predicting how many customers will show up at your store on any given day or month. In contrast, operating an e-commerce business has minimal overhead costs because there are no physical locations to maintain or staff members who need salaries paid every week (or month). An online retailer only needs enough inventory to fulfil orders placed by consumers. This usually takes one shipment per order instead of stocking items in multiple locations at once for maximum efficiency!
Broader Market Base and Reach You can reach a wider market base with the help of an online store. You can access your e-commerce store anywhere, even if you are not physically present. You can also target customers who are not able to visit your brick-and-mortar store. It is easier to track sales as well as customer feedback when using an e-commerce cart service.
Easy to Measure Your Business’s Success
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One of the biggest benefits of an online store is that it allows you to track and measure your success. You can see how many visitors you get on your website, how much time they spend on it, and what products they like most. This makes it easy for you to make decisions about your business based on data rather than gut instinct.
Return on Investment An e-commerce store is more than a website. It’s an additional way to build your brand and reach out to customers. Having an online store allows you to sell products through social media. Moreover, you can drive traffic from other websites to sell more products. You can even create branded YouTube channels to market your products.
E-commerce is the Future of Retail If you haven’t heard, e-commerce is the future of retail. Well, actually, it has been for some time now. The numbers don’t lie. According to one study, millennials are more likely to shop online than in stores. Further, older adults prefer shopping online over brick-and-mortar stores. Moreover, parents with young children are more apt to make online purchases than those without children. Overall, e-commerce accounts for 10% of all retail sales. This figure is expected to increase by 30% by 2020. It’s clear that e-commerce isn’t going anywhere anytime soon—so why should your business get on board?
Creating a Free Online Store with Website Builder As I’m sure you know by now, e-commerce stores are the future of business. You can use a website builder to create a free online store and start selling your products online. They are much easier to manage than traditional brick-and-mortar stores. You don’t have to set up shop in an expensive location or hire staff. You can also open an e-commerce store from anywhere in the world! Do you already have an existing business or product line but want to expand into ecommerce? Plenty of tools will make this process as easy as possible for you. Some websites offer free online store templates, so anyone can build their own site without design skills. Others provide ready made templates that are professionally designed with all sorts of features. These features include drop down menus and Google Analytics integration built right in!
Get Your E-Commerce Store Today As you can see, e-commerce has many benefits for a business. It is convenient and allows customers to shop from anywhere at any time. It saves you from having to pay rent on a storefront, and it also allows you to reach more people across the world. The only thing holding back this trend is traditional brick-and-mortar stores. They are reluctant to embrace technology because they fear it will take away their profits or customers. However, as time goes on and e-commerce continues to grow in popularity, these fears will be put aside. People will soon realize how much easier it is than driving all around town looking for what they need! If you are on the lookout for a sales-driven free online store, 3SCart can help. 3SCart is one of the leading online store builders that can help you create a customized store for free. So, build your online store with 3SCart today and take your business to new heights. Tags: e-commerce store, free online store, online store
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