Category: Tips and Tricks
March 15, 2019
The Importance of Ecommerce for Retail Businesses
Ecommerce has grown dramatically in its importance and its ability to be the deciding factor between whether a business is a success or not.
This was more clearer than ever from the findings in the 2019 PwC Irish Retail & Consumer Report which provides a vast array of interesting insights about consumers and the current state of the retail sector in 2019.
One of the prevailing recurring themes of the report was the need for retail businesses in this day and age to not only have a website but an Ecommerce website where customers can purchase products online.
Two key insights found in the report in relation to Ecommerce was that 20% of Irish consumers shop online weekly or more often via their mobile devices and also 30% of consumers purchased online weekly or more often in 2018, compared to 24% in 2017.
There are many reasons why you should consider having an Ecommerce website for your business if you haven’t already. Here are 3 great reasons why you should have an Ecommerce website:
Better Customer Experience
By having an Ecommerce website it is extremely convenient and easy for customers to browse your online store and purchase a product whenever they wish. By having an online store you remove the need for the customer to make the journey to your bricks and mortar location and purchase their product of choice. By giving them the convenience to do this at home they will be more at eased and relaxed. A happy customer is a buying customer.
Reach a Broader Global Market
By bringing your retail business into the digital market you will open yourself up to a whole new market that can potentially have a global reach. When you are a bricks and mortar business your customers will be generally just those in the immediate area as it would be inconvenient for others from further afield to travel just to shop at your store. By restricting yourself to only the local populace you have not only greatly reduced your target market but also reduced your potential earnings. By having an Ecommerce website you remove this restriction and your market is virtually endless in its reach.
Passive Earnings
By having an online store you are always open for business 24/7! This is a great advantage over a traditional shop which is open for a certain amount of hours and usually only on certain days also. When your store is online and always open for business people can purchase off you any day at any time. By giving them this convenient option you have endless opportunities to earn money as you are no longer restricted by traditional business hours.
While there is and will always still be a place for traditional physical retail businesses it cannot be denied that those choosing to shop online are increasing and will continue to do so into the future. By not having an Ecommerce website you’re not only restricting your potential earnings but you are ignoring an ever growing and important part of the retail market.
If you would like more information or would like to inquire about getting an Ecommerce website created and developed please contact 2Cubed and get your business the traffic and success it deserves. You can call us on 01-9058114 or 051-440425, email hello@2cubed.ie or else get in touch using the live chat on our website!
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