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Friday, September 1, 2017

4 Ways That E-Commerce Has Changed the World

The introduction of a globally interconnected network to the world, more popularly known as the Internet, has tremendously shifted the entire paradigm of everyday business. With the rise of personal computers and smart devices, commerce has transformed into a more efficient and convenient platform for commercial transactions. Also with the fast, reliable, and widespread internet connectivity from our homes to public places like cafes and shopping malls, the world has witnessed the emergence of electronic commerce or e-commerce.

Online businesses with high online presence and appeal and those that are also engineered to cater to mobile customers benefit the most from the ecommerce industry. This is particularly how digital agencies like Bing Digital are able to provide growth for both local and multinational companies in terms of development, web user experience, and marketing. Visit them at bingdigital.com and explore the wide range of options for your business now.

E-commerce has greatly revolutionized the way we handle business now. With its continued expansion and evolution, it will still be a top and globally competitive face of modern business in the future. Here are some ways that e-commerce has transformed business transactions all over the world and, perhaps, that it will continue to remodel the future of commerce.

1. Easy Transaction
Fast, safe, and reliable mobile transactions through handy smartphones and devices particularly propelled e-commerce to its present development. It basically liberates the consumers from the hassle and time-consuming methods of traditional transactions. It also provides a better fit of the consumer’s preference and experience through data gathered from past transactions.

2. Global Marketability
Normal retail is limited to its local reach and is therefore disadvantageous both to the consumer and the retailer. E-commerce provides a virtual marketplace which lets consumers buy even from distances away while also giving companies a wide global reach. Since e-commerce primarily relies on stable internet connectivity, businesses can, therefore, be accessed by a wider audience within just a few clicks. This again makes transactions easier due to the ease of using smart devices and the widely available internet connectivity, allowing us to transact at any location and practically at any time.

3. Security
Although the internet may pose security risks to its consumers through phishing, frauds, and identity thefts, web developers of companies also level their competence against these security threats. Certain measures like authentication and bank-company partnerships provide consumers a safe and secure way to pay online, and to transfer money as well. Even with these measures, being a smart and skeptic online user is still the best way to avoid these threats.

4. Availability and Provided Opportunities
Just like how local company opening provides employment to local workers, the dawn of e-commerce has provided opportunities for millions of people; from billionaires who own big online companies down to the regular employees. With the power of e-commerce, even those with little capital can aspire to start up his or her own business online. Outside the consumer-seller interface, e-commerce has also provided opportunities to banks even to customer service representatives. The limits to opportunities in e-commerce are immeasurable, and it has only been a few decades since its inception.

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