Dynamics of E-commerce
The dynamics or the forces that governs the E-commerce are far better and faster as compared to its traditional counterpart. In order to understand the dynamics of E-commerce, it is necessary to know & understand the platform and medium on which E-commerce module runs. The medium thru which the E-Commerce module runs is the INTERNET and the Platform is the SERVICE PROVIDER of the E-Commerce, who provides hosting, design, delivery, pricing and payment options. Some of the prominent E-commerce service provider platforms are Shopify, BigCommerce, Wix, Weebly, Woocommerce, 3dcart, Magento etc.
In E-Commerce, there are no geographical limitations to sale & market your goods and services. With minimum time and efforts, your product will reach nationally or internationally. The cost incurred in the sale is comparatively low. You can provide a comparison chart to your customers, who can choose their product sitting in an arm chair at his residence or from the desk of his office.
You can keep marketing your E-commerce site in order to get new customers with the help of search engine visibility. You can give offers, bargain, off-season discounts, group discount etc from your E-commerce site. Your E-commerce site will remain open all the time (24 x 7). In fact you can expect a good sales over the weekend or a holiday.