Ecommerce Solutions for Retails
In 2018, e-commerce retail trade sales in Canada amounted to almost 1.6 billion CAD, and revenue generated within the retail e-commerce market is expected to surpass 55 billion CAD by 2023 and is up from 40 billion in 2018. If you have not jumped on this band-wagon yet, now will be a good time to do so.
What is e-commerce?
Essentially, ecommerce (or electronic commerce) is the buying and selling of goods (or services) on the internet. From mobile shopping to online payment encryption and beyond, ecommerce consists of a wide variety of data, systems, and tools for both online buyers and sellers. Most businesses with an ecommerce presence use an ecommerce store and/or an ecommerce platform to conduct both online marketing and sales activities and to oversee logistics and fulfillment. Ecommerce has a few different spelling variations. All of these are synonymous and correct an their use is largely preference-based such as:
- E-Commerce | eCommerce | Ecommerce | e-commerce | e commerce.
Responsive Ecommerce Website Design
For those unfamiliar with responsive design, it refers to a website that’s been designed to adjust to various screen sizes and resolutions. How does a responsive ecommerce design make more people buy your product? According to a study conducted by the Aberdeen Group, websites featuring a responsive design are rewarded with a 10.9 percent increase in visitor to buyer conversion rates year-over-year. A responsive ecommerce design also provides a constant browsing experience for users who are using multiple mobile devices. Instead of having them zoom more or pinch their screens to see what your site offers, you’re giving them a website and its products that make them feel more like they are using their desktop.
Business Benefit of Ecommerce Design
The benefit of e-commerce is it allows businesses to expand in the global market while maintaining cost-effectiveness. The market segments are successfully narrowed down and connecting with target customers all over the world becomes easier. With the aid of e-commerce, the vendor can reach potential customers all across the globe in a very short period of time. Without traveling expenses, it becomes a cost-effective method to market and generate business on an international scale. However, you may want to exclude certain areas of the world that have higher levels of fraud.Also, because of lower overhead cost, ecommerce web products cost are lower, therefore, enticing buyers more.
Consumer Benefit from Ecommerce Design
Online stores not only benefit businesses but also the consumers. Most people already have a full schedule without having to check off a to-do list of errands and stores to drive to. With services and products available online, consumers can avoid traffic jams, save on gas money, and have more free time in an already hectic schedule. So long as the product descriptions and specifications are clear and concise on the website, consumers can do their research and be confident in their decision. In addition to that, consumers are well protected by the money-back guarantee, which is endorsed by the bank or payment gateway to ensure customer satisfaction.
The business activities, sales, and purchases of items through the internet all fall under the much broader category of e-commerce. The extent of the gigantic rise of ecommerce can easily be determined from the fact that the total revenue in the year 2010- 2011 was nearly $170 billion, while it was projected to reach $200 billion in 2011- 2012.
Plan In Advance
You should surf through some e-commerce sites in your area of interest to get the design idea. Then you must prepare well with a detailed plan for your website or you will be wasting time and money during the development phase. Just starting an e-commerce site in a big rush without a clear goal or concept might prove counterproductive, and you don’t want to end up losing money instead of making it. So when you have your goal set and a concept ready let our Web Ecommerce Developers help you realize it.