Ecommerce will become an essential business plan for a
company to survive & stay competitive.

Released on = October 3, 2005, 6:07 am

Press Release Author = Shalini Mehra

Industry = Internet & Online

Press Release Summary = Thus in the near future E-commerce will certainly continue to mature in the global market and eventually, it will become an essential business plan for a company in order to survive and stay competitive in the ever-changing market.

Press Release Body = Electronic commerce, or E-commerce , means the buying, selling, marketing of products or services over the internet, It has been around since mid 90s.

However the real power of e-commerce has only be realized recently. E-commerce is gaining more and more prominence recently. Merchant sites like ebay.com, yahoo, amazon etc are generating more and more revenues, thanks to their ever increasing popularity.

E-commerce today is important for not only bigger companies, but it is the smaller ones that stand to gain the maximum by e-commerce enabling their websites. Studies indicate an upward swing in the sales pattern of different companies upon the introduction of ecommerce platform.

For instance, a banking transaction can be completed through the Internet within a few minutes compared to the traditional banking method, which may take up to hours due to queuing and the processing of the transactions. This fact obviously proves that E-commerce is beneficial to both business and consumer wise as payment and documentations can be completed with greater efficiency.

From the business viewpoint, E-commerce is much more cost effective compared to traditional commerce method.

E-commerce can attract more potential customers, thus eliminating the limits of geographical location.

For the customer, E-commerce is much more convenient as they can browse through a whole directories of catalogues without any hassle, compare prices between products.

Thus in the near future E-commerce will certainly continue to mature in the global market and eventually, it will become an essential business plan for a company in order to survive and stay competitive in the ever-changing market.

-|About Cibol|-
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