Read Before Investing in Ecommerce Web Development – a SWOT Analysis

All about Ecommerce:

Ecommerce or electronic commerce is nothingness but doing business by selling and purchasing of various articles online throughout the computer and the Internet. Business households all over the world are spending on ecommerce website development for the extension for their businesses. This is an immense thought, and top most experts are engaging themselves on finding the best ecommerce shopping cart solutions. Nevertheless, in this blog our extent is only to talk about that e-commerce which can be completed by working from home and with a remarkably little investment.
SWOT Analysis of EcommerceEcommerce Strength:
  • It will be started by a very small investment
  • Your business will operate in 24 hours and 7 days in a week
  • Get the global presence and do your business just sitting at your home or office
  • Customer can get the benefit of low-priced products as it directly attained from a manufacturer
  • Compared to the traditional business system, the advertising of the product will be cost effective
  • You have secured and fast payment procedures and can do it from any part of the world
  • Low maintenance and staff cost
  • Customer gets directly informed by the discounts and other offering from the ecommerce site
Ecommerce Weaknesses:
  • Lack of direct interaction between retailer and consumer, the scope of convincing the consumers does not exist
  • Most of the people have a habit Split infinitive the product rather than buying from the internet
  • Sometimes shipping cost increases the product cost due to far away areas
  • It does not have enough no. of potential buyers who prefer the internet for shopping
  • No market presence
Ecommerce Opportunities:
  • Increasing internet users in a rapid way are the best for ecommerce development
  • Ecommerce has the bright future as the people feel more comfortable to buying products from online shopping stores
  • Many giant companies have already entered into the ecommerce; therefore, it will be great opportunities of gathering people and make them habitual and confident about buying a product through the internet
  • Competitor slow to adapt new technology
Ecommerce Threats:
  • Everyday something new in the technology of ecommerce introduced; if your competitor has implemented it, then it could be big threat to your ecommerce business
  • Increasing use of Smartphone like iPhone, Android and its applications may decrease the no. of desktop internet users and finally the most ecommerce users will be diverting to M-Commerce
  • Changing customer taste
  • Closing of geographical market
  • Changing in government policies
  • Tax increases
Hope, you get the answers of all your queries with regard to e-commerce and its strengths, weaknesses, opportunities and threats! You can discuss your thoughts on SWOT analysis of Ecommerce, if you supposed to have something that is missing out here!

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