In this 21 century, especially in third-world countries, all forms of technology are embraced without hesitation or making proper study to know if it stands to eliminate a level of difficulty that comes with the traditional way of doing things.
The purpose of e-commerce is to help solve the challenges encountered in the traditional way of buying and selling, and I will list some of them below.
1)Physical Store: the traditional way of buying and selling requires you to have a physical store whereas e-commerce provides you with the opportunity to have a website where people will view the catalogue of your goods and services.
2)Reduced expenses: having a physical store means you are obliged to house rent, electricity bill, security bill, etc but e-commerce gives you the opportunity to own a website(you are paying for it), then upload all your products and services for your target audience to see.
3)Wide Audience: e-commerce gives you the opportunity to have customers from all around the world, they can purchase what you are selling from the comfort of their homes. This is not possible with the physical store, since only those who are willing to visit your store are your potential customers.
4:Proper Records: you might make mistakes trying to balance the records of transactions from your physical store but your online store has the records of everything being sold and you can always access it anytime, anyway.
5)Store Expansion: as your business is expanding, you will definitely need more space for your physical store, but your online store grows as your business is growing, without you spending extra money for space.
The beautiful thing is, e-commerce has come to stay. Move your business online and enjoy endless possibilities.
