Key Differences Between E-Commerce Website and Traditional Commerce
The growth of e-commerce website development has totally changed the way businesses operate today. In this article, we will discuss the key differences between e-commerce and traditional commerce. Gone are the days when business activities such as exchanging services and goods for money. Between different parties, were done in a single way. With the advent of e-commerce. People can now purchase products, pay bills, or transfer money in just a few clicks.
Before we discuss the key differences between the development of e-commerce and traditional commerce. Let us first understand what they are. Traditional commerce refers to the face-to-face process of buying and selling goods in a physical store space, exchanging goods for monetary gains. E-commerce is an abbreviation for “electronic commerce” and broadly refers to transactions conducted over the internet. Ask ecommerce development in Dubai for more information.
In recent years, e-commerce has seen significant growth thanks to increased internet access around the world and offering more personalized products or services.
So, what are the key differences between e-commerce website and traditional commerce?
Key differences:
Both e-commerce website and traditional commerce are popular options in the market. But let us discuss some of their key differences:
Communication:
Ecommerce development Dubai is completely digital and online where communication is through electronic. Means while traditional commerce is completely offline. In person or face to face.
Connectivity:
E-commerce website is accessible worldwide and has more connectivity whereas traditional commerce is limited to a particular geographical area especially smaller.
Typically, in traditional commerce, transactions are only possible during business hours which is usually between 9 am and 6 pm and also on business days. However, in the ecommerce development in Dubai, transactions can be done at any time of the day.
Advertising in e-commerce website:
E-commerce advertising is carried out in different forms, either through digital ads or emails, etc. While in traditional commerce it commonly occurs in the form of billboards. Distribution of flyers, or through any physical mode of exchange.
However, due to the rise in popularity of digital media. Traditional businesses have also chosen to start including digital advertising within their strategy.
Payment Methods:
E-commerce offers multiple payment options to its customers. However, in traditional commerce, not all organizations offer this facility.
Most establishments only accept cash or credit cards. On the contrary, an ecommerce development company in Dubai offers online wallet payments along with other common payment methods.
Delivery:
In traditional commerce, products are delivered to the consumer almost instantly. However, in e-commerce development, the customer will always have to wait for some time. It can be a few hours, days, or even weeks. It can be further delay due to bad weather, demand, etc.
Operating costs:
Compared to traditional retail establishments, e-commerce websites have minimal overhead costs. E-commerce development requires very few employees and can save on premises rental. Not only rental but also energy, decoration, utilities and display. On the other hand, operating costs and overhead costs in traditional retail are very high: large staff, high rents, etc.