In E-commerce most of the time and money can be saved in spending on traveling and selecting the goods. The payments can be made in any form of digital modes such as Credit Card, Debit Card, Digital Wallets or Net Banking. In E-Commerce, the goods can be bought round the clock without any hassles during our free time. E-Commerce provides greater benefits in buying goods and services easily.
Traditional Commerce began at the time of the barter system which was introduced in the early millions of years ago. The barter system defines the exchange of goods with other goods instead of money where money was not available during those days. This is where Traditional Commerce began and has been continuing till today in the form of exchanging money rather than with only goods. Nowadays Traditional Commerce lost its popularity and got reduced due to the E-commerce introduction in the early 20th century .
Exactly! Also online business makes it an attractive option for start-ups. Overall, online business is much simpler and less expensive, and you'll have a lot less to lose with an online business that fails compared with running the same business as an offline venture. We are into spinning cans manufacturing but still uses various online platforms to reach target audience.
@jumaccans I agree. In the age of digitization, having an online presence is a must if we all want to succeed. Yet having a physical or traditional business has its advantages as well. But having an online business is much more cost effective than maintaining your physical or traditional business and you can branch out into multiple categories as well.
Certainly! One of the best reasons to open an online website is because it requires a low investment as compared to a physical store. To cut down the prices for your online (e-commerce) website, you can make use of the best marketing strategy involving organic search, pay per click or social media traffic.