E-Commerce has been growing leaps-and-bounds as a result becoming a threat to Retail Business. The Indian market is now filled with a variety of E-Commerce portals. E-Commerce business offers a great amount of flexibility for customers. Apart from that, introduces a number of employment opportunities as well. E-commerce business is cheaper than other forms of retail business. As retail businesses require a larger amount of setting up cost. It includes rent, electricity, maintenance, employee salaries, and wholesalers etc. requires a lot of expenses as compared to e-commerce where there is no such fixed setting up cost. In E-Commerce business almost the complete business can be managed by a small team and from a small place.
How E-Commerce Businesses work?
Normally a retail business needs to mark its presence and is used to define its limited market. However, an E-Commerce business doesn’t limit into a specific location or a city. It is very important to learn about how E-Commerce businesses work and how they come up to earn so much profit.
Amazon or Flipkart portals provide a great number of variety and brands at a single platform. From there customer makes order and these orders are forwarded to the respective brand store. Then, these brand stores make the product available to the nearest E-Commerce distribution hub. Along with all the price tags and instructions. Then, the product gets packaged with the details like product information and the delivery address and invoice too. After that, the packed product gets delivered to the customers assigned address.
With this simple service the E-Commerce companies make huge profits. For being a bridge between the buyer and the seller, these portals charge a great amount of profit percentage or overall percentage over selling price. However, the service is available at everyone’s personal place and at their convenient time as well. Due to which E-Commerce is greatly accepted among the users because it can easy gel-up with the busy schedule of every individual’s life-style.
Apart from that, these E-Commerce sites also generates a great number of employment. It requires a great team for Customer Service, Distribution Centre, Delivery Boys, Business Management, Marketing, Branding , and other services.
E-Commerce: Threat to Retail Business
Today, a great amount of buying and selling is done through online. Now it is reflecting over the retail business. How it is getting affected due to the increasing demand of online business? Due to increasing demand the retail stores, shops, and showrooms quite become like a trial room for customers or they usually opt for window shopping only. This became the biggest reason for the retail business downfall and effecting the daily like of small retailers.
The expense of owning a business in the form of retail business or in the form of bricks and mortar costs a lot for the owner. However, with the declining business of retail stores it becomes very difficult for the owner to go with the retail business or hold the same business for a long-period of time.
Therefore, E-Commerce businesses are becoming a great life-threat for the small or the retail business owners.
Hence, the retail business needs a renovation in their business and marketing strategies. It is recommended to follow the technology trends instead of going traditional. Opting the new technologies to take the retail business ahead prove to be a new life to the retail business owner. As a matter of fact, the customers also becoming a great follower of new and enhanced technology.
This new life for the retail business can be easily achieved by “BS PLUS Retail” business software.
How BS PLUS Retail could be a new life to Retail Businesses?
BS PLUS Retail works as a new life to the retail business and a great support to the owner in order to enhance their business and earn growth. It can easily convert a retail business into an E-Commerce portal. As well as, doesn’t charge any commission or profit percentage over selling any particular product of any brand.
It is the latest trend and an intelligent initiative by any retail business owner. Which take their business online at a minimum expense and make good profit. Hence, following the trend and going with flow along with fulfilling the customer expectation can rejuvenate the business. For such business growth, BS PLUS Retail could prove to be a great boon to each retail business.