E-commerce shopping cart is helping small business recover from the deep recession of 2008-2009, by helping them sell products through e-commerce websites and reduce the overhead costs resulting in extracting healthy profit margins. The crash of 2009 saw almost $44 billion spent on e-commerce shopping carts. And this astonishing figure is still growing at a rapid pace. The success of e-commerce as a business model can be attributed to the efficiency and convenience in buying online.
Increasing number of businesses are launching e-commerce websites as the internet is an ideal sales channel requiring no administrative staff, real estate or sales personnel. E-commerce web hosting services take away the IT overhead by offering pay as you go services for data storage and management while e-commerce shopping cart solutions handle transactions and payments.
E-commerce websites work perfectly in all markets
Most businesses have suffered the consequences of the economic crisis and are running low on funds and resources. It is to the business’ advantage to save on infrastructure and administrative costs. The internet has made the market global and competition is fierce. Businesses are compelled to tighten profit margins to stay in the market. E-commerce websites offer the perfect solution for businesses to increase sales while reducing costs. E-commerce solutions allows businesses to be flexible where they can alter the offers, product combinations, and advertising strategies on the website at the drop of a hat. E-commerce hosted solutions help internet businesses take advantage of evolving technology and changing internet models with minimal investment.
Hosted e-commerce solutions offer holistic e-commerce services
E-commerce website design is critical as it is the gateway through which customers can access business products and services. E-commerce companies work with businesses to create a professional website design. Apart from providing online advertising services and designing the structure of the web outlet, e-commerce hosting providers:
- take over IT and administrative operations
- deal with warehousing and inventory management
- offer afforable web design quotes
- search engine optimization tips
- search engine optimization pricing
E-commerce companies allow businesses to focus their time, effort and money on the improvement of their goods and services.
Maturing of e-commerce business models
E-commerce businesses have shown remarkable strength in the global economic slowdown. E-commerce websites have supported businesses by ensuring a revenue stream at a time when funds are low and costs are high. Web outlets help save further by taking away IT and administrative overheads.
Customers turn to e-commerce websites looking for competitive rates. E-commerce outlets are cheaper as they offer more compelling bargains than their retail counterparts do. Customers also save on the time and cost of driving to retail store fronts.
The upward swing in e-commerce shopping during the 2009 slowdown is an indication of the success of e-commerce solutions and their arrival in the market. At a time when many businesses are bearing the brunt of the credit squeeze, e-commerce businesses are growing at around 15%, a figure that promises to keep going up.