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What is e-commerce? The importance and future of e-commerce in Bangladesh!
This corona period has taught the people of the country that rice and pulses can also be bought online. Now most of the people are doing raw market online, buying medicines. Buying electronics products, clothing, household appliances. Even those who used to go to the cow market to see the horns, see the teeth, and buy a cow by eating a lump or two, some of them have started seeing cows online. He likes the cows in the farm sitting at home.
More and more people are turning to online shopping and becoming online dependent. The habit of buying and trading online has become possible due to the revolution of e-commerce. For example, a businessman is now selling products through e-commerce i.e. online even after having his own shop or shopping mall.
E-commerce has become a must for all businessmen. During the Corona period, where many youths lost their jobs or were unemployed, this e-commerce has created employment for them. But the question may come in your mind, the importance of e-commerce is wide but what is the future of this e-commerce?
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In E-Commerce, the medium of buying/buying and selling is generally known as E-Commerce. E-commerce is a modern and digital business method. Here all business activities are conducted through online/website. Despite the skepticism and success of many on the Internet, the reality is that the potential of e-commerce here is far-reaching.
The coming days are very promising for e-commerce. It can be said that most of the retail business in this country will come under e-commerce, and even a lot of corporate business. It is not that anyone is entering the world of e-commerce unknowingly and achieving success.
There are some doubts that are having a negative impact, but if these can be overcome and this stage of success can be improved through proper steps, then e-commerce will move towards more success in the future. Dear readers, if you want to know more details, you can read the complete article –
What is e-commerce?
The medium of online shopping/buying and selling is generally known as e-commerce. E-commerce is a modern and digital business method. Here all business activities are conducted through online/website. Through the Internet, the customer can know the quality of any product, the price of the product and all the details about the product and can also purchase it by placing an order through the website. In case of e-commerce business you can use credit card and debit card during transaction.
The history of the origin of e-commerce business
In 1979, a man named Michael Eldrich first launched a system called telescoping, which aimed to advertise any product or salable item on TV and sell it to customers online. But it is better to say that online does not mean website here.
And based on this telescoping system, e-commerce first emerged online in 1991. And since then it has changed a lot over time and improved a lot more than before.
Advantages of conducting business
1. Convenience of conducting business from anywhere
E-commerce does not need a specific location, it is a ubiquitous business. It is readily available everywhere. If you have an internet connection on a mobile or laptop or any other device, you can buy and sell goods anywhere. E-commerce business is not governed by any fixed boundaries. If you want to start your online journey with few products then you need very little space which you can take in your house or any place of the house.
2. Doing small investment business
Many people think that doing business may require a lot of money. This is completely wrong. You can run your business with very little money. For example, suppose you do some book business. Suppose you buy ten books and each book costs Rs 40, then your total cost is Rs 400. Suppose you pay no cost for delivery. You are selling each book at 80 taka. The profit from each book is 40 taka. Then your total dividend is Rs.400. Hope you understand.
3. E-commerce business is easy to manage
First you need to understand what is e-commerce? By e-commerce we now mean business through online, which is conducted through website. The reason it is easy is because on the website you have to write the description of all your products in a neat way, which needs to be written once for each product. You will not need to talk about the product with the customer again and again. After seeing everything, the customer will confirm the order itself.
4. A business can be run with very few employees
If your business is small, you can manage everything yourself. Such as taking pictures of products, uploading them, updating product details, answering customer questions, etc. But if your business is a little big, in that case you can hire 2/3 staff so that your work pressure is a little less and you can focus well on your business. But if you do SIM business in the traditional way, you cannot manage the business properly with 2/3 employees.
5. Managing multiple e-commerce businesses simultaneously
Suppose you own a toy store. You want to add another new store with it. Think if you can spend time in 2 stores at the same time? Of course your answer would be no. On the other hand, you can manage 2/3 of your business through e-commerce. The reason for this, as discussed in a paragraph above, is that running an e-commerce business is easy.
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6. Facilitate easy payment of discounts or offers
If you pay a little attention, you can see that those who are doing business these days are sometimes giving discounts on their products. This increases the sales of the product. If the sales of the product increase, then the dividend will increase.
Similarly, if you run a business through e-commerce, you can display your offer beautifully at the beginning of the website, i.e. on the home page. In this way, you don’t have to tell all the customers about the discount again and again. They can visit the website and see it at the beginning.
Continue… (Part 2)
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