Online buying and selling or in other words we spell E commerce have many advantages and disadvantages. Due to the world’s current situation online buying and selling industry is growing up very fast and everything is available to your doorstep with just one click. You are a newbie to internet and online business and want to start an E-commerce business then you must read all the Advantages and Disadvantages of E Commerce in Points. These pros and cons might help you to make better decisions in future. We must read a little introduction of the Ecommerce Industry before going towards the Benefits and Drawbacks of E commerce.
What is E-Commerce?
Before going toward advantages and disadvantages we must know what is Commerce? So friends Commerce is basically exchange of Goods or services, buying and selling of goods or services are called Commerce. And when we attach the word “E” before it, then it becomes “Electronic Commerce” . It is basically a transaction of buying and selling of goods and services on the internet. It is also known by another name “e-business”. There are many advantages and disadvantages of E-commerce but you i will write some main types of E-Commerce.
Main Types of E Commerce
Every person that is going to start their new business on the internet must read the major types of e-business that take place between the buyer and seller. There are four major types of E-commerce that are easy to understand.
- B2C (Business to Consumer)
- B2C is the first term and connection between business and consumer. That means simply if you buy clothes from an online store.
- B2B (Business to Business)
- B2B is the second term of online business and connection between one business with another business. The simple example is a business creating special software and selling this software to another business for use.
- C2C (Consumer to Consumer)
- C2C is the third term and very easy to understand it’s transaction between one consumer to another consumer. For example a person wants to sell his old mobile ad to online buying and selling platforms like OLX.
- C2B (Consumer to Business)
- C2B is the fourth and the last term of E-Business that is the connection between consumer and business. In this type consumers sell their services or goods to an organization or Business. For example a graphic designer creates a logo for a company.
We cover our two parts of our essay. Now in the third step we’ll read some major advantages of E commerce and in the fourth step read major disadvantages of E commerce in points. So what are you waiting for let’s read Benefits of E-commerce;
What are the Benefits or Advantages of eCommerce?
Here are many much more amazing benefits and pros of doing online business on the internet that are unstoppable and leverage them to your advantages.
- Global Market
The first good point about the ecommerce business is the global and wide range of markets. It means there is no end to your sales, Your customers have advantages to buy your product while sitting at home, office, park, hotel either in the city, in the country or out of the country. Doing online business gives you the name in the global market, that is also called the global village.
- Easy To Start
What you think that online business needs to start months and years, no no my friends just click and click in 10 to 40 minutes your e-store is ready and you are also ready to start selling your products.
- Easy to Find Products
If you are new to the ecommerce business there are many options and ideas to find new products and sell these easily.
- Fastest Way of Buying and Selling
E-commerce is the fastest way of buying and selling. Because every company tries to provide their best services at less price and in less time.
- Low Operational Cast
Good point and in the list of advantages of E commerce that we can operate and start new electronic stores with very low budget. If you have not enough money to buy and start a business just create a website and from the market capture some product photos and upload them to your own store and sell them with profit.
- Easily Selection for Customers
This benefit of e-store is for the customers that they are able to easily select the products. For example you want to buy a watch so you will find many watch companies. And then you visit the specific company website there you will find single products in multi colors and multi functions.
- No Need of Duty
Once your Ecommerce stores run and you have a large number of customers then you have no need to go duty. Your sales would auto increase if you are providing the good products and your customers are satisfied.
- Personal Online Experience
While starting and doing online business you also learn many more things. Like operating the back-end of a website, adding products, adding images, price, writing about products, customer relations etc.
- Affordable Employees
You can also hire the person for your Ecommerce stores, you may hire these people online on a monthly and project basis. These are called virtual assistants that run and keep eyes on your ecommerce business.
What are the Limitations and Disadvantages of eCommerce?
There are a lot of more disadvantages and cons of doing e-commerce business on the internet that are unstoppable and leverage them to your Disadvantages.
- Bad Companies
There are many frauds and bad companies on the internet that take money from you and do not deliver the products. You must have to do complete research and background history of the website before purchasing anything online.
- Product Quality
The biggest drawback of e-commerce is we don’t know about the quality of the products. Many online companies upload HD images that are edited in designing software. In the pictures we find that the product is very high quality but sometimes in reality they are totally different from each other.
- Physical Inspection
Another demerit in the list of Disadvantages of eCommerce is the physical Inspection. It means we are buying something from an online store without touching or blindly.
- Site Crash
The negative point of Electronic Commerce is only for the site owners or Ecommerce owners that run their online business. Sometimes the server goes down and other issues in your hosting and domain may affect your site ranking in google search engine.
- Can’t Try Before Buy
We must have to buy something then try to know the quality and the taste of the product.
- High Competition In Search
E-Commerce stores have always tuff competition among each other because there are many people that are working on the same products. Like most trendy things that every person wants to sell are “Buy Online Clothes, Buy Jewelry, Dresses and there is high competition between products.
- Tax Issues
There are not only the Cons of e-commerce for buyers and sellers, we found many disadvantages of electronic commerce to the government. Because if the buyer sends direct money to the seller, and the seller directly sends the product to the buyer then there is the question of who would pay the government taxes.
- Credit Card issues
As we all know that there are many advantages and disadvantages of credit cards. Credit cards are mostly used for online shoppings and purchasing. But during purchase online there are many issues regarding credit card privacy and information.
- Security Issues
The last drawback in the list of Disadvantages of Ecommerce is the security about the personal and financial information that we provide to the particular company or website, where we purchase something.
- Stay Online
You must need to stay online for customer support and answer to your visitors. In the beginning you may do double duty or if you have a good enough budget then hire the virtual assistant for day and night both.
I hope you find my essay “Advantages and Disadvantages of eCommerce” helpful. If you have any opinion or suggestions please feel free to tell us in the comment box or by contact us page. Please share this topic with your other ecommerce friends.
3 Ways to Attract More Local Customers to Your Cell Phone Repair Shop
For most small business owners, 2020 was an extraordinarily difficult year. But although this health crisis continues on, consumers and business owners alike are eager for a return to normalcy.
If the pandemic has taught us anything, it’s the power of community. When individuals and organizations have found themselves in trouble, others in the area have rallied together to lift them up and show their support.
Still, independent businesses and local franchises need to make a concerted effort to reach customers within a close proximity. And since we know that 93% of customers used the internet to find local businesses in 2020, the most effective way to reach local consumers is to meet them where they already are: online.
Of course, smartphone use has reached new heights – and with that comes along the need for repair services. So how do you ensure that local customers find you? You need to engage in targeted digital marketing efforts for your cell phone repair shop.
If you’re looking to increase brand awareness and ensure customers in your area can easily locate your business, here are just three local marketing techniques you should consider.
Claim Your Google My Business Page
One of the most important steps you can take to reach local customers is to take full advantage of the Google My Business platform.
GMB, as it’s often called, is a free service that essentially highlights your business in relevant web searches. Google My Business is what drives the organic promotion of specific kinds of search results.
If you’ve ever seen an outlined section on the side of a search results page when you type in the name of a business or the “map pack” when you look for specific kinds of services in your immediate area, you’ve noticed GMB at work.
GMB is an incredibly powerful tool for small businesses, as the platform allows you to list a wealth of information that appears in search results. Your hours of operation, location, contact information, products and services, images, and relevant updates will appear when a user tries to find businesses like yours in their area.
The perk for web visitors is that they won’t ever have to go to your website to find out the information they need. While this might seem like a drawback at first, it can actually be to your benefit. Visitors want to find nearby information quickly – and if they do, they’ll be more likely to take immediate action with an in-person visit or purchase.
If you want customers to easily find you online, you’ll want to claim your GMB and fill it out completely (and accurately). You’ll increase your ability to appear in relevant searches and will add to your brand’s legitimacy in the process.
Optimize With Long-Tail Keywords
As a small business owner, it’s tough to compete with larger corporations and retail chains. But you actually shouldn’t be competing with these corporations when it comes to your keyword usage.
Optimizing your site with relevant keywords will make it more likely for web users to find you when they’re looking for cell phone repair services or even cell phone accessories. If you’re overly broad in your keyword selection, however, you may struggle to appear in searches because large companies (with even larger budgets) are dominating the SERPs.
As a result, you may want to get hyper-specific with the keywords you add to your product pages and other website content. While you’ll still want to ensure the keywords you use have ample search volume, targeting slightly less competitive keywords can yield better results.
Instead of trying to appear in searches for “cell phone repair,” you might target terms like “cell phone repair services in Charleston SC” or “cell phone repair shops in Little Rock AR.” Of course, the location you target should align with the area you serve.
Because most local customers are going to use their smartphones to conduct searches, they’re also more likely to use voice search technology. Optimizing with long-tail keywords and conversational phrases can increase your chances of appearing in those searches. Longer keywords are also a better match for user intent, which means your site will actually be more relevant to your customers’ needs – and they’ll be more likely to make a purchase.
Generate More Online Reviews
Online reviews are more important for small businesses than ever before. Most people aren’t willing to take a chance on a brand they’ve never heard of before, even if it’s close by. But if they see that other customers have had an awesome experience with you, they’ll be more comfortable taking a leap of faith.
Online reviews are now considered to be just as important as personal recommendations from friends and family. If you want to boost your brand perception and your website traffic, you’ll need to learn how to generate online reviews for your business and respond to the reviews that come in.
In general, you should make it easy for customers to leave you a review. You’ll probably need to remind them to do so, as most of us are inclined to remember only if we have a poor experience. Send out a direct link in your newsletters and put it on social media and your website for starters.
Once you start receiving reviews, remember to respond to each one with compassion. This is your chance to showcase what makes your customer service so great. You can cement your good reputation or even save a future sale if you remain calm, lead with your values, and make sure the customer feels heard. Even if you get a bad review, your response to it will matter more to other potential customers than the review itself.
Since online reviews can drive customers to your website and build trust, focusing on this area of your reputation management can also improve your marketing and sales as they pertain to local customers.
Local Marketing Can Increase Your Local Reach
It’s likely that your cell phone repair shop mainly serves customers within your community. As such, you need to find a way to reach these local customers on a consistent basis. By optimizing for long-tail keywords, harnessing the power of Google My Business, and increasing the number of online reviews for your business, you can more effectively connect with nearby consumers who are in need of your services.
Top 5 Collaboration Tools for Remote Teams
According to Global Workplace Analytics, up to 30% of the US workforce will still work from home at least some of the time during 2021.
That means we’ll still need remote work management tools for many months to come. Foremost of these are those that allow us to interact closely with our fellow workers even when we’re apart.
Find out more about collaboration tools for remote teams and how to manage remote workers by using them.
Why We Need Collaboration Tools for Remote Teams
Although each team member can work independently and communicate only via traditional means like phone and email, these are no substitutes for dedicated online collaboration tools.
These helpful apps can help connect teams regardless of their work setup or location. According to setapp.com, you won’t even experience problems screen sharing between Mac and Windows-based computers.
These innovative tools for remote workers, help teams accomplish the following:
- Share designs and documents easily in one place
- Reach out for help with screen sharing
- Contact team members on one platform
- Check on project progress quickly, without calling or emailing
- Ensure clients receive prompt responses to queries or orders
When you have a single communication tool, you needn’t worry about remote workers missing important messages or being unable to access documents. You can pin important documents, like style guides, to these platforms so everyone can access them easily when needed.
These are some of the best collaboration tools available at the moment:
- Cloud Storage and Sharing
Cloud-storage makes it easy to access shared documents without going back into your email to search for them. You can create various folders for different types of files or projects and manage who has access to them.
Most of these platforms allow you to grant view-only or edit access as required, and you can also set up version control enabling you to go back to the original version if needed.
That way, you can enjoy real-time collaboration without the worry of overwriting important information.
You can use cloud-sharing for the following:
- Allowing editor access for written work
- Sharing large complex spreadsheets
- Keeping style guides, logos, and standard artwork together
The best cloud-sharing apps include Dropbox, Google Drive, and One Drive.
- Project Management Platforms
Project management platforms take most of the guesswork out of managing remote teams. They help you assist remote workers to manage their deadlines using structured procedures.
You can assign deadlines to individual tasks, add comments, and mark items as complete. The platforms allow you to manage an entire project at a glance from one dashboard highlighting all the relevant tasks and sub-tasks involved.
They’re an excellent tool for ensuring that everyone knows when they need to complete their tasks and stay on track with the progress of the project.
Some of these platforms let you customize your workflow to suit unique tasks or situations, too.
The most popular project management tools include Wrike, GamePlan, and Active Colab.
- Messaging Apps
Messaging apps allow for instant messaging between colleagues without resorting to tedious emails or telephone calls. Instant messaging applications work well when it comes to sharing tips for remote workers, asking quick general questions, or general chit-chat.
These casual chats throughout the day help alleviate the loneliness of remote work, help foster a good team spirit, and cut down on idle banter during work meetings.
You can use messaging apps for things like:
- General questions like, ‘what time is the Zoom meeting?’
- Team bonding and social chatting
- Asking for help with a simple task
- Checking if someone’s free to chat more fully about an issue
These apps instantly gain the attention of the recipient by popping up on their screen, but they can also mute them when they want to concentrate on something else.
Skype, Slack, and Flock are some of the messaging apps that work well for remote teams.
- Video Meeting Tools
Who will ever forget the era of Zoom meetings? While teleconferences offered an early way to host meetings remotely, they’re a poor substitute for the face-to-face interactions we’re used to in an office environment.
A shortage of in-person interactions is one of the biggest drawbacks of remote teams. Video conferencing makes up for this by allowing screen sharing, updates, and social interactions.
You can edit your work while you’re talking and share your progress on important projects with more than one person at a time.
Nothing is more time-consuming than the backward and forward involved when many people offer input on a project. With video meetings, you can thrash out all your ideas in one place and reach a mutual agreement much faster.
Some uses for these tools include:
- Company-wide or departmental meetings
- One-on-one interactions between staff and management
- Remote social gathering for team bonding activities like after-work drinks
- Client meetings with your teams
Some of the best ones include Microsoft Teams, Google Meet, and, of course, Zoom.
- Design Tools
File sharing works well for text-based aspects, but what about more creative tasks? Collaborative design tools, like Figma, Vectorly, and InVision allow for all the following interactive work:
- Two or more designers working on one project
- Using pre-existing libraries to share templates or images
- Editing work in real-time, rather than taking notes for later
You can use these tools across a wide range of collaborative projects like UX design, interactive marketing pages, and wireframing.
Is Remote Work the Right Choice for Your Business?
Collaboration tools for remote teams help streamline the process of managing remote teams, so you can make the most of work-from-home efforts.
In many cases, remote work is a cheaper and more effective option for businesses that saves you all the expenses related to running a brick-and-mortar office.
It’s not appropriate for every industry though, so consider your aims and operations carefully before you opt for remote work as a permanent solution.
Browse our blog for more information about the pros and cons of most things.
What Is the Relationship Between Data Mining and Data Analysis?
Analyzing data is one of the best ways for businesses to generate new opportunities and make future predictions. However, this process is almost impossible without data mining and data analysis. This article delves into the terms individually to understand the relationship between the two.
Data Mining Defined
The volume of information produced each day ranges into the quintillions. But these data sets are only codified zeros and ones which have very little meaning to most people.
Data, just like gold, needs to be mined, cleaned, refined, and turned into something useful. With this scenario as a premise, the next question to answer is “what is data mining?” The term data mining, also known as knowledge discovery in data, has been a buzzword since the early 1990s. It comprises any effort aimed at turning raw data into identifiable information.
The more the data volume, the harder it can be to find the right data or fish out irrelevant ones and other data vulnerabilities. That’s where the data mining process comes in. It uses important patterns, deep learning, and standard algorithms to find anomalies and establish correlations. Depending on the data mining project’s scale, you may either need a data mining specialist or an entire data mining team to manage your company’s processes.
Data mining specialists combine several types of data mining tools and data mining techniques. What’s more, the results of data mining can be used in many different ways, including sorting out the opinion of customers, database management, fraud detection, anomaly detection, and spam email filtering. Today, the use of data mining applications cuts across almost all areas of business. From financial institutions to advertising agencies, they all use data mining models for creating effective marketing strategies and making business decisions.
Data Analysis Defined
In data management, data analysis acts as a superset of data mining. It’s only when data has been extracted from its raw sources that actionable information can be generated to solve complex problems. Data analysis involves using data for business intelligence and making effective decisions. Additionally, data analysts use data cleaning and various modeling techniques to inform conclusions. The results of data analysis are comprehensive information presented to business stakeholders and specific individuals using a visualization dashboard.
Data analysis come in four broad types including the following:
- Descriptive Analysis
Descriptive analysis establishes connections between several data points for businesses to draw conclusions. It uses historical data to describe how a business has evolved over the years.
- Predictive Analysis
Predictive analysis uses statistical models, machine learning techniques, and predictive models to predict the probability of future events. Businesses can use predictive analysis to predict the future behavior of their customers and tailor their offerings in effect.
Many online retailers in the U.S also leverage product recommendations and tailored ads.
- Prescriptive Analysis
When there is a business problem, “what can be done?” is often the best query. That is where prescriptive models come in handy. Prescriptive analysis uses neural networks and recommendation engines to generate suggestions that can help solve the problem.
- Diagnostic Analysis
Diagnostic analysis helps data professionals to deduce reasons for the occurrence of events. Data mining is an attribute of diagnostic analysis in addition to several others, like correlations.
The Relationship Between the Two
Firstly, the output of data mining is an input for the data analysis stage. Also, while data mining is a preferred term for knowledge discovery in database management, data analysis plays an important role in data exploration after the data has been discovered. Additionally, data mining only involves scientific and mathematical models, whereas data analysis works best with artificial intelligence models.
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