Category: Technology

E-commerce Statistics tips for Strategic Planning in 2019

Posted on by JAYDIP

Owning your own eCommerce business? Then this is a must-read article for you.

Whether you own your an online business or in-store one, you should be aware of the current e-commerce trend and where the market is going in-order to expand your business and get more sales.

The below-mentioned points will update your pre-existing knowledge on e-commerce and will remove the pre-existing notions that you have.

On the whole, it will help strengthen your strategies for e-commerce marketing and in expanding your business.

E-commerce Statistics Tips

In order to study the E-commerce trend and get your business going accordingly, you should have knowledge about the following points

  • General Facts
  • Online Shopping trend
  • Mobile-based e-commerce statistics review
  • Behavioral study of the shopper

General facts

Here are a few general facts that you should take into consideration while developing e-commerce strategies for your business.

  • The total value of global retail e-commerce sales
  • More than 10% of global retail sales will be covered by e-commerce
  • There are about 12-24 million global e-commerce sites
  • Credit cards are the most preferred form of payment

The total value of Global retail e-commerce sales

World wide E-commerce sales from 2014 to 2021 - Statista
Image source: Statista

E-commerce statistics report a steady rise in global e-commerce sales. And this rise is speculated to reach over $4878 billion in 2019. (Source: Statista)

More than 10% of global retail sales will be covered by e-commerce

There is constant and steady growth in the field of e-commerce retail sales.

While e-commerce accounted for only 7.4% of total retail sales in the year 2015, it has shown a remarkable increase and accounted for more than 10% of e-commerce sales in the year 2019.

More than 12-24 million global e-commerce sites

There are a huge number of e-commerce companies in the world. Actually, there is no particular definition of an e-commerce company.

There are companies which have a business online and sell their products on their website.

There are other e-commerce companies like Amazon, Flipkart, Alibaba, etc. and companies who have their site but do not really sell anything online.

All these companies altogether account for about 12-24 million global e-commerce sites.

Credit cards are the most preferred form of payment

According to a survey most of the online shoppers prefer credit cards as their mode of online payment.

This is followed by electronic payment with sites like PayTM and then follows payment with Debit cards and cash on delivery.

Online shopping trend

As per the notice, here are the few shopping trends that are observed in the shoppers throughout the world.

  • Men shop more from e-commerce sites than women
  • The most active online shoppers

Men shop more from e-commerce sites than women

Shopping n E-commerce Sites

Generally, it is observed that 65% of males shop more from e-commerce sites as compared to their female counterparts which are 58%.

The main reason behind this being the products preferred by men like luxury goods and electronic items are on high value and the goods preferred by women like cosmetics, jewelry and cooking items are listed as low-value items. (Source: Adglow)

The most active online shoppers

Opposite to the popular belief, it is observed that not the Millennial generation ( people born between 1982-2000) but Generation X (people born in between 1966-1981) are more frequent online shoppers.

The main reason behind this is that these people have become financially stable by now and are more stable in their income.

Mobile-based e-commerce statistics review

Nowadays the mobile versions of the e-commerce sites are also available. People download these apps on their mobile phones and then do shopping from them.

This is called m-commerce. Here are the m-commerce statistics that a businessman should consider.

  • Increase of mobile e-commerce
  • Global mobile shopping highest in the Asia-Pacific region
  • The rise in online shopping mobile

Increase in mobile e-commerce

Interestingly shopping on mobile has become the most important part of e-commerce. Do you know that by 2021 m-commerce will have a share of almost 73% in the e-commerce market?  This is a massive rise in itself. China being the major country behind this, India and other countries follow close behind. (Source: Statista)

Global mobile shopping highest in the Asia Pacific region.

The improved economics and infrastructure in mobile shopping have made Asia Pacific region for m-commerce. Big e-commerce brands are getting very good opportunities from the Asia-Pacific market.

The rise in online shopping from mobile

Between the years 2016 and 2017 the US market so a recorded rise in online shopping with the help of smartphones.

The increase ranged from 8% to 15%. While there was a drop in online shopping from desktops from 78% to 63%. Which shows that m-commerce is becoming an integral part of e-commerce share. (Source: Statista)

Behavioral study of the shopper

In order to expand your business through e-commerce and planning business strategies, you should also need to track the behavior patterns of the shopper. Here are a few pointers to follow

  • The percentage of conversions for potential customers
  • Global cart abandonment rate
  • The effect of a slow website

The percentage of conversions for potential customers

According to observed trends, only 2% to 3% of e-commerce website visit convert into a purchase. In order to improve your business, you need to have good content on your site and smooth check out process.

Global cart abandonment rate

Many times it is observed that people add the product to the shopping cart of an e-commerce site and then drop out at the end moment.

The statistical study shows that about 75% of shoppers drop out at the time of purchase. The main reason behind this is the added shipping cost, the unclear payment instructions, and unresponsive payment gateway sites.

The effect of a slow website

The loading time of your website pages plays an important role in retaining the potential customer on your site. If your site is slow you may lose the customer and he or she will drop out.

These are the e-commerce statistical analysis tips that help you in building your business strategies.

How You Can Reduce Shopping Cart Abandonment?

Posted on by Peter Page

While setting up an e-commerce website, one of the most predictable fears is the shopping cart abandonment.

The event where the customers move products into their cart and then leave it there is quite a possibility.

Most of the e-commerce sellers face this challenge.

According to research, the average shopping cart abandonment in 2018, was up to 69.2%.

Even though it may seem like a dead end, there are many ways you can overcome and reduce this phenomenon.

Below mentioned are some proven and practical techniques to help you out and beat all your cart abandonment blues.

What is cart abandonment all about?

It is extremely essential to understand what we are dealing with before we begin discussing the various techniques.

When a potential customer browses your e-commerce website, and keeps on adding products in the cart, but eventually leaves without making a purchase, this entire phenomenon is known as cart abandonment.

Now imagine when you go shopping in a brick and mortar store and select an item of particular clothing, then try it on, but eventually decide to come and buy it later or not at all.

Cart abandonment rate shows, that how many of the items that are finally added in a shopping cart are abandoned.

Cart abandonment determines the overall success of your purchase and, gives you an idea of the possible revenue that you can generate, by implementing the required optimization.

A study found out that, more than 65% of e-commerce stores have cart abandonment rates higher than 50%.

This is a revelatory phenomenon, wherein you have a chance to maximize the profits, but instead, you are left with depleting revenues and unachieved business goals.

By evaluating the final cart abandonment rate, you can implement the required changes in your website and can access your sales accordingly.

Reasons for cart abandonment

A recent study pointed out that almost 58.6% shopping cart abandonment is done by customers who are merely browsing and comparing the prices.

Below mentioned are the abandonment you have no control over, but the rest of them are due to some specific reason, which can be tackled.   

  • Delayed delivery
  • Confusing check-out process
  • Additional costs
  • Necessary account creation
  • Limited payment option

Techniques to reduce cart abandonment

  • Upfront display of all the cost

Including all the taxes and shipping fees in the displayed product cost on your website is a smart technique, and try to provide a discount on the same displayed cost during the check-out process.

Following this practice leaves a positive impact on the customer’s mind when compared to a greater value of the product during the check-out.

  • Simple check-out process

Once the user has added products to his cart, ensure that the road after that is free from any hurdles.

Asking the customers to fill in their shipping details and directly proceed to the payment gateway, without demanding any unnecessary detail, is another effective technique to avoid cart abandonment.

Demanding more information than required, kills the enthusiasm of the customers and forces them to leave the online shopping process midway. 

  • Including product image throughout the process

Ensuring that the image of the product, that the customer has finalized, is always visible throughout the check-out process.

The reason behind this technique is that an image stays in mind longer than text, and hence registers well with the customers.    

  • Provide them quick delivery

Customers are always attracted to an e-commerce portal that provides them quick delivery options.

One of the best e-commerce portals like WAKI, even provide the customers with 30 to 90 mins delivery facility, to generate a potential customer base and avoid cart abandonment by the users.

Following this technique to curb the cart abandonment rates is recommended.       

  • Focus on product images and descriptions

One of the most important technique to avoid cart abandonment is to keep the product description crisp and proper and try to stick with the most realistic product images.

Including all the critical details about handing and usage and any other essential product information, in the product description help you to overcome cart abandonment.

Such practices instill trust in potential customers and give them the required satisfaction about the product they are purchasing.

  • Intent pop-ups

Using a creative and attractive pop-up to connect with the user, right before he exits the page, captures his attention right then and there.

Cart abandonment pop-ups increase the chances of the sale of that product by up to 10%. You need to ensure that you keep the content of that pop-up, direct and concise.

The pop-up needs to stand out and must not look too compelling.   

Conclusion

Implementation of these methods can help you to minimize the cart abandonment rate of your e-commerce portal.

How IoT Creates An Impact On Mobile App Development

Posted on by Anurag Pattnaik

A digital system record adjusts all your interactions and monitors the connected physical items. By 2025, forecasts suggest that there are going to be more than 75 billion Internet of things (IoT) connected devices to be used.

We will get more connected devices than the total number of Earth’s inhabitants. This whole phenomenon is known as the Internet of things or IoT. It refers to the ecosystem that comprises physical objects that are accessed through the internet.

As the Internet of Things (IoT) continues evolving, the concept of smart homes would thrive.

In this era, mobile devices function as the main interface through which we could interact with IoT-enabled devices. Here, I’ll explain how IoT making impacts mobile app development. So let’s move inside;

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Today, we are living in a world where mobile apps have been dominating daily life routines. Mobile apps are the key to those organizations that create smart devices to enhance every aspect of people’s lives.  

It’s said that mobile apps are the reason behind the rise of the Internet of Things (IoT). Mobile application development isn’t only a preferable option for business, but it also provides support to people from all sectors of life. 

But What Exactly IoT Is?

IoT or the Internet of Things refers to a connected network of devices. The inherent connection between these physical devices can be created anywhere, in your home or at your workplace like a retail store, a manufacturing unit, etc.

These devices may include smart gadgets that can be easily accessed as well as controlled from any remote location. It benefits users from a variety of industries.

IoT has seen a significant rush in the technical era.

When it is powered by the proper capabilities of mobility, technology seems to create new milestones in the forms of innovation, user experience, and business performance.

The sensor collects the data and transmits it to the cloud, these can be accessed using the smartphone app. The IoT application development allows data acquisition that enables us to implement data analysis to predict the result and make decisions accordingly. It has the potential to improve the productivity and efficiency of its managing process.

Application Development (Source: Polyuno)

Many industries have started to build the best apps that are easy and helpful to users.

According to Smart Insights, 90% of people spent time on mobile devices for mobile apps. No wonder, mobile apps have grown quite powerful and popular over the last few years, and with time have started to influence the growth of the Internet of Things (IoT).

It’s not a nebulous statement on how IoT has impacted the mobile industry. By 2021, the number of mobile devices integrated by IoT is expected to exceed 1.5 billion.

IOT Impact on Mobile App Development(Source: Finoit)

Now let’s know how IoT creates an impact on mobile app development

  • Centralized App:

IoT has several opportunities and possibilities with its services in the market.

It is focused on providing one centralized platform to the end-users to manage multiple devices.

This has improved the management process and cost-effectiveness for the end-users as well as the app developers.  

  • Provide Hybrid Apps:

Who wouldn’t want to give try to new ideas these days? Almost everyone is looking for a solution that improves the way we interact today.

Mobile app development companies have started using the current technical UI/UX with advanced codes to come up with hybrid apps. 

  • Decreased Human Effort:

IoT sets multiple devices, apps, and functions as one system managing all. Mobile devices with IoT allow you to track cab locations, switch on the light, check security cameras, and more.

Hence, it has made life easier for both the developers and end-users. When users can manage all from a single device, ultimately it reduces the amount of effort being put in by developers while building an app. 

  • High-End Security:

IoT allows an unmatched amount of entry points that can be a big threat to the security of the apps.

Ultimately, it becomes easier for cyber-criminals to exploit the data. App developers need to be focused on cyber-security to eradicate any cybercrime. 

It’s vital to focus on IoT application development for mobile that is safe and secure.

Users’ privacy must not be hampered at any stage. Industries have started to run IoT-enabled devices to put an extra layer of security.

So these are the IoT impacts on mobile application development. Rather than all of the above, it’s also vital to carry in-depth knowledge in IoT app development.

Benefits Of Mobile App Development With IoT:

Valuable Insights:

As IoT is the network of several interconnected devices, servers, sensors, and many other digital items, access, and store sensitive information, and personal information regarding the users. 

The most important advantage of mobile applications with IoT you can use that information to create accurate decisions related to consumers’ behavior and buying patterns in real time and tweak your business process accordingly.

You can create all the necessary changes in inventory and overhaul the marketing strategy in your IoT apps. You can create many differences with customer-driven data and get a personalized and more effective customer experience.

Flexible Accessibility:

Your customers can enjoy accessibility. The integration of IoT and mobile application development, enables users to access any interconnected physical objects from any part of the world with a single touch on their smartphones.

Your IoT application development company needs to ensure your IoT-enabled mobile app will scale with the IoT platforms that enhance functionality and increase the user’s network usage.

Niche Market Entry:

The benefits of IoT are uncountable, most business still avoids using IoT app services that help to get the technology’s full potential. 

I’ve worked with the team at Andolasoft on multiple websites. They are professional, responsive, & easy to work with. I’ve had great experiences & would recommend their services to anyone.

Ruthie Miller, Sr. Mktg. Specialist

Salesforce, Houston, Texas

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They don’t identify that not developing custom IoT mobile apps will give them a competitive edge and address a niche market that is already developed with IoT-based mobile applications.

So here’re the factors to keep in mind for IoT App Development;

  • Strictly adherence to the license agreements
  • Connectivity mode
  • hardware capabilities
  • Programming protocols

Over To You

The future of the mobile app seems challenging and bright with enticing and innovative possibilities.

Whether you are an owner of a business, a designer, a quality analyst, or an app developer, great times lie ahead in the busy mobile app development world.

With the constant development in the IoT, mobile apps can lead to a better-connected world.

We are recognized as a top California Mobile App Development Company on DesignRush!

Considering all the points, it’s apparent that IoT is one of the biggest digital revolutions in the technology industry.

It is an advanced technology that understands their needs and increases its convenience. And there is no doubt that the IoT in mobile apps has seen a rise in all sectors.

If you want to develop your IoT apps, then contact us, we will be happy to help you in your IoT app development.

How To Minimize Cloud Security Risks For SaaS Application

Posted on by Kallala

Software as a Service (SaaS) has grown to become the world’s most popular software delivery model and is showing no sign of slowing down.

Most modern businesses want to work with a set of applications that don’t require them to have their own storage, backups, and server rooms on site.

As a SaaS provider, you need to store plenty of sensitive data for both information and customer-related as well.

In this complex world that seems to see new cyber-attacks and data breaches every week, all SaaS apps and businesses must take measures to keep their internal as well as customer data safe and secure and need to learn on how to minimize cloud security risks for SaaS application.

SaaS Security - Andolasoft

As security technologies are changing fast and hackers inventing new ideas, how can SaaS companies keep up?

SaaS is literally taking over the cloud computing market.

So, it is no surprise to find that the global public cloud service market is projected to grow to more than $200 billion in 2019, up from $175.8 billion in 2018, according to Gartner.

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For medium-size organizations, SaaS is primarily a hassle-free and cost-effective alternative that offers new possibilities, flexible costs, as well as easy maintenance and deployment.

In case, if you have been running with a limited budget there are still many free and open-source tools are available to execute your security strategy.

Now before we get into the best practices for securing SaaS application, let’s discuss the security challenges.

Security Challenges For SaaS:

Today, enterprises are focusing on data and business processes like records, pricing information, transactions, etc.

If your SaaS provider is leveraging a public cloud computing service, all the data is possibly being stored with other SaaS applications.

So here’s the list of 9 common SaaS security challenges;

  • Data access risk
  • Instability
  • Lack of transparency
  • Identity theft
  • Uncertainty of your data location
  • Paying upfront and long-term
  • Not sure what you agreed to
  • How your data is actually secured
  • No direct control over your own data

The study says, “By 2021, 27% of corporate data traffic will bypass perimeter security, up from 10% today.”

Data stored in the SaaS application needs careful analysis of the security controls and processes in each platform for efficient protection. However, as the huge number of SaaS apps are being used, SaaS App Security is what needed the most.

Securing SaaS Applications:

Cloud-based SaaS security is more manageable.

Cloud-based security makes it easier for you to manage 4 major components of securing SaaS applications like; visibility, control, threat protection, and data governance.

The following key security elements should be carefully considered as an integral part of the SaaS application development and deployment process:

1. SaaS Deployment Model:

Today, product leaders are rushing to meet the market release deadlines.

That’s why product security often takes a backseat. The SaaS security challenges vary according to the deployment model by the vendors.

SaaS vendors may choose to deploy the solution either by using a public cloud vendor or host it themselves.

Dedicated public cloud providers help to build secure SaaS solutions by implementing infrastructure services that help in ensuring security.

2. Data Security:

To ensure a high level of security, all interaction with servers must happen over SSL termination.

In a traditional on-premise application deployment model, the sensitive data of each enterprise continues to reside within the enterprise boundary and is subject to its physical, logical and personnel security and access control policies.

However, in the SaaS model, the enterprise data is stored outside the enterprise boundary, at the SaaS vendor end.

Consequently, the SaaS vendor must adopt additional security checks to ensure data security and prevent breaches due to security vulnerabilities in the application or through malicious users.

This involves the use of strong encryption techniques for data security and fine-grained authorization to control access to data.

 3. Network Security:

In a SaaS deployment model, sensitive data is obtained from the enterprises, processed by the SaaS application, and stored at the SaaS vendor end.

All data flow over the network needs to be secured in order to prevent leakage of sensitive information.

 4. Data Backup:

The SaaS vendor needs to ensure that all sensitive enterprise data is regularly backed up to help quick recovery in case of failures.

In the case of cloud vendors, the data is not encrypted automatically. The users need to separately encrypt their data and backups so that it cannot be accessed or tampered with by unauthorized parties.

I’ve worked with the team at AndolaSoft on multiple websites. They are professional, responsive, & easy to work with. I’ve had great experiences & would recommend their services to anyone.

Ruthie Miller, Sr. Mktg. Specialist

Salesforce, Houston, Texas

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Conclusion:

The major benefits offered by the SaaS model, such as improved operational efficiency and reduced costs are reason enough to adopt this powerful model.

However, to overcome your fear about SaaS application security, ensure the vendor you go with.

These measures will help identify any security issues upfront and ensure the safety of your data.

To Build a Risk-free SaaS Application, let’s discuss!

Why to Choose Microsoft Dynamics AX for the Business

Posted on by James Warner

As a significant member of Microsoft’s family, Microsoft Dynamics AX offers a powerful Enterprise Resource Planning (ERP) solution suitable for all kinds of organizations from mid-scale to large enterprises.

Ideal for both on-premise and cloud-based platforms, this solution not only strengthen the manufacturing as well as distribution operations but also, serves well across various industry verticals.

The solution assists the organizations in organizing, automating, and optimizing their processes by means of effective functionalities meant for warehouse management, inventory control, transportation management, production management, demand and supply chain planning, production management, material management, product lifecycle management, quality assurance, asset management, as well as business intelligence.

In addition to this, multi-currency and multi-language are some of the additional features that make Dynamics AX an appropriate option for the organizations which operates worldwide.

Considered as one of the simples to install the applications, Microsoft Dynamics AX supports easy assembly, repetitive process, make-to-order, and make-to-stock processes, while its industry-specific specifications make it apt for the manufacturers associated with electronics, industrial machinery, metals, aerospace, medical devices, as well as consumer products.

Now, as part of the Dynamics 365 Platform, this application supports the building of a comprehensive and sophisticated Enterprise Resource Planning (ERP) and further offers quickest ROI following the installation.

Here, the list of the most common ways by means of which the Microsoft Dynamics AX solution can enhance the efficiency of various business processes.

Boost the organization’s performance with respect to finance

Dynamics AX assists you to leverage the complete advantage of newer opportunities related to the business globally with the help of embedded analytics and business intelligence for finance.

Also, it helps organizations to meet the regulations of various countries by providing country-specific localization, even including the countries with the highest growth rates within a universal solution.

Enhance the employee’s productivity at the workplace

Dynamics AX enables the employees to make proactive and smart decisions with the help of intelligent and targeted systems.

The key feature of this application, RoleTailored unify the valuable information, assignments, and insights associated with specific tasks.

By means of automating, task prioritizing, and integrating the capabilities, this application puts each and every resource at the employee’s fingertips and empower them to perform in a smarter and quicker way.

Scale up the organization’s capabilities smoothly

Dynamics AX’s quick installation ability and advanced features support the organization’s specific business requirements as it attempts to scale up its capabilities in a smooth way.

The model-driven and layered architecture of this application help in developing as well as maintaining the business processes and upgrading of the systems with the latest releases easily.

Furthermore, to meet the dynamic requirements of the organization, the application’s deployment can be simplified and accelerated with the help of the instant-on feature.

As the architecture of this application is much more flexible, the organization can execute Dynamics AX at once and/or system-by-system, which reduces the overall implementation time and its associated cost.

Increase the organization’s supply chain visibility

Dynamics AX effectively tracks down the assets of the organizations and helps to reduce the amount of error reporting.

The valuable data collection and associated predictive analytics offer productive insights related to every part of the supply chain.

Improve customer service rate in an effective manner

Dynamics AX, with the help of advanced logistics management, optimizes the flow of materials that makes it easier and faster to reach the desired products into the customer’s hands.

In addition, it assists in the improvement of product quality through real-time insights as well as customer response time with combined order processes.

Minimize the organization’s overall operational costs

Dynamics AX assists in minimizing the organization’s overall expenditure associated with operations with the support of encumbrance, 3-way matching, budget planning & controlling, and automating the financial process.

Moreover, the automation of all the processes across the supply chain helps in the reduction of costs related to procurement.

Leverage the additional products of Microsoft Family

Dynamics AX provides access to additional software of Microsoft.

The organizations can leverage the maximum advantage of this application by connecting it with various enterprise applications and communication platforms, including on-premise and cloud-based applications.

This kind of connectivity improves communication as well as collaboration across various departments of the organizations.

Offers industry-specific feasible solutions

Dynamics AX features in-built industry-specific competencies for the various processes of the organization, including manufacturing, retail, distribution, services, and much more. Below are some of the examples.

Manufacturing – Dynamics AX offers a complete solution for manufacturing by providing efficient solutions related to operations as well as customer service processes. These solutions enable the organizations –

  • To address the ever-changing customer requirements by providing a flexible and scalable platform.
  • To enhance efficiency by increasing the speed of time-to-market and customer responsiveness by streamlining the internal processes.
  • To empower the employees to do their jobs in the best way by providing them with a customized ERP solution which suits their work requirements.

Retail and Distribution – Dynamics AX offers a delightful user experience for both the organizations and their customers by ensuring the smooth running of multichannel management, financial processing, merchandising, and store management. With the help of it, the organizations can –

  • Easily reach their customers and deliver excellent customer service by promoting effective customer engagement as well as productivity programs by means of relevant insights and comprehensive order management.
  • Scale up the capabilities of business processes seamlessly and adopt an efficient omni-channel strategy.

Final Thoughts

The most-advanced Microsoft Dynamics AX offers a feasible solution to improve the organization’s financial performance by reducing the operating costs and increasing the revenue.

By leveraging the features of Microsoft Dynamics AX, the organizations can achieve a competitive edge and improve the experience associated with security, manufacturing, retail & distribution, and customer experience.

How Magento Ultimate B2B eCommerce Partner for Success?

Posted on by Meshur Ahir

A business of any kind nowadays needs to have a presence on online platforms. It can be a large scale production company or a small scale trading business; it will flourish in all directions only if it gets a popular place on digital media.

The B2B Commerce space has come up with exciting developments in both selling and buying products online.

From the seller’s end, they have arranged to keep an efficient online front, all the products and services are listed, and their bulk rates are mentioned on request by the buyers.

Likewise, from the buyer’s end, a list of genuine sellers is listed along with their products in a filtered manner selected by buyers. Both the purposes should get a satisfactory experience to continue trading without any errors.

When it comes to handling large orders and huge payouts, people tend to trust a Magento Development Company. They allow their users to have a well-defined order and payout structure.

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Their CRM and SEO related services are impeccable in the market. Magento comes with bearing hands of simplicity and healthy trust levels. Not sure in enlisting your name on the online portal? Are afraid of entering into a fraudulent scheme? Having any sorts of second thoughts?

Let me brief you with the benefits of using Magento:

  1. Everything in One Place

    From making a buyers profile to listing products of your choice, one has everything available at one place. You can buy from multiple businesses and compare their rates beforehand. You will rest assured for the quality of your products. Integrating it with ERP or CRM is very simple, and you can enjoy services like online tracking of bought goods, order history, and keep a track on your bills and credit options.

  2. Quick Responsive Outline

    Though B2B clients are buying products in bulk, they need a proper presentation for the entire product range, appropriate bucket list column, a secured payout panel, and much more. With Magento support providers, you will have access to various designs and outlines for your business portal from where buyers can order from any place and any device they want.

  3. Managing Order Pipeline

    Through Magento designing portal, buyers can have access to the entire range of products available online. They can put filters and price range constraints to find what they are looking for. They can buy them immediately or can save it for further purchase. They can create a bucket list of their own and order after deciding what’s best for them. The exit payment portal is entirely secure and straightforward to operate.

  4. Credit Facility

    Magento Support Providers have come up with a unique solution. Generally, buyers get credit from their sellers when they are in a B2B relationship over a long period. Trust has built up in their trading relationships and hence, buyers with bulk quantity pickup of several products from one seller get this added perk.

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    Now, what to do when you are buying online? Well, after establishing a good relationship in trading goods, sellers can give this ‘credit on account’ facility to their regular buyers. On buyers end, they will have a credit option, which they can check now and then to know their status.

  5. Inventory Management

    In building a business empire-wide and large, sellers introduce new products now and then to keep their feet high in the market. Magento Development Company allows you to alter your product list anytime you want. Sellers can deduct products that are not available and add new ones. Buyers can put a notification tab on their favorite sellers. By this, they will get notified every time the respective seller changes or adds anything to the product list.

  6. Buyer/Seller Profiling

    In business, one can sell everything. There can be a need for raw materials or aiding products or spare parts or anything that a seller might need to buy from someone else. This portal allows you to have the same profile for both of your needs. Under this profile, one gets the privilege to sell their products and buy their necessities from other sellers. This way you can build business relationships online and expand your empire.

Key Takeaways

Thus, with an end-to-end solution from sellers to buyers, B2B Commerce is developed. It has joined the bridges for sellers and buyers regionally as well as globally.

If you want to buy from a person sitting in London and get it delivered to someone operating in Japan, you can enjoy the commission of being a middle man and run the process on your goodwill even.

This way, without investing a penny, you might end up earning loads of money. Span your business worldwide and not limit it to a mere regional level. Magento Development Company is your one-stop solution for boosting your business in the online marketplace.