E-commerce is the future of commercial transactions between individuals, companies, institutions, and society in general. It is one of the most important modern electronic means that facilitated many troubles and difficulties for people, in addition to saving time and effort.
In this article, we will discuss the benefits of e-commerce in the following categories:
- The benefit of e-commerce for consumers.
- The benefit of e-commerce for companies and institutions.
- The benefit of e-commerce to society.
Benefits of e-commerce for consumers
- E-commerce gives the consumer the option to shop or complete his transactions 24 hours a day. On any given day of the year and from anywhere on Earth.
- E-commerce offers a lot of choices to the consumer due to the accessibility of products and companies that were not available near the consumer.
- In many cases, e-commerce is one of the cheapest places to shop because the seller can shop on many sites on the Internet and compare the goods of each company with another easily. So, in the end, he will be able to get the best offer, while it is more difficult if he has to visit every different geographic location just to compare each company's merchandise.
- In some cases, especially with digital products such as an e-book, e-commerce enables the buyer to send the goods quickly and easily to the seller.
- Customers can obtain the necessary information within seconds or minutes through electronic commerce. Conversely, it can take days and weeks to get a response if you request information from a concrete site.
- E-commerce allows participating in virtual auctions.
- Electronic commerce enables the buyer to send the goods quickly and easily to the seller.
Benefits of e-commerce for companies and institutions
- Cost reduction is an important feature of electronic commerce, which allows companies to increase profits while reducing exchange costs through electronic data operation.
- E-commerce offers companies several advantages to take advantage of:
- The most effective marketing and great profit in the adoption of companies on the Internet in marketing allow the presentation of their products and services in the world, which provides a great opportunity to obtain profits.
- Reduce administrative costs as well as costs for shipping, advertising, design, and manufacturing information and reduce corporate expenses.
- Creation of international companies specialization.
- Gives product manufacturers a competitive advantage through a typical process that allows for the additional drawing of special specifications on products.
- Reducing the time between spending capital and receiving products and services.
Benefits of e-commerce to society:
- E-commerce allows the individual to work at home and reduces the time available for shopping, which means less traffic congestion on the streets, which leads to a reduction in air pollution.
- E-commerce allows some of the goods to be sold at low prices, and thus individuals whose financial income is not high can buy these goods, which means an increase in the standard of living for society as a whole.
- E-commerce allows people living in third-world countries to own products and merchandise that are not available in their home countries.
- E-commerce facilitates the distribution of public services such as health, education, and social services at a lower price and with higher efficiency.
- E-commerce creates opportunities for self-employment and works in small and medium enterprises that connect to global markets at the lowest investment cost.
- Increasing the number of people who work from home, and reducing the need to go out for shopping, which leads to a reduction in the number of cars on the roads.
- The possibility of benefiting from the products and services of developing countries that were not available to them before.
