E-commerce is a new way of doing business. It is very changing and influence all the way to international trade. Nations need to integrate this technology in order to compete and ensure their survival in the international market. In connection with the integration of e-commerce is a huge gap called digital divide as part nations come in two categories. First developed nations, with high E-commerce and information and communication technology (ICT) integration therefore get tremendous benefits of global competition, and others are developing countries with little integration E-commerce and lose the benefits of global competition.
definition of e-commerce in our context is broader that that involves doing business on the Internet. These activities may include browsing information, e-mail, selling and buying goods and services over the internet.
Adoption of E-commerce in developing countries is essential and should in fact. This article will discuss the process to adopt e-commerce in these countries. First, let’s see how E-commerce benefits them.
1. Availability of useful information
The Internet is a vast resource center for business information; suppliers, resellers, distributors, importers, exporters, products, service, you name it. Businesses can get any information about companies from all over the world right from the desktop. The Internet reached fast, safe and useful access information. Today, information has to be the power in the business environment, the integration of information technology and electronic commerce is an important step for every developing nation.
2. Reduced cost to advertise products and services
Reduced advertising cost is one of the main advantages of e-commerce provider for companies. Websites operate 24 hours a day and 7 days a week worldwide. In addition, the cost of owning a website is much less compared to the benefits they provide.
3. Fast and efficient supply chain management
People buy and sell online in the simplest and easiest ways. Buyers have what they need right on the desktop and sellers can reach their customers wherever they are just right from their tables. In addition, the process of buying and selling products especially digital products is a matter of minutes, no matter where sellers or buyers are located. There are no middle men required, limit or border. The process will end between the seller and the buyer just minutes saving a lot of time and energy.
4. Greater market reach
E-commerce knows no boundaries. Geographical boundaries do not seem to. Companies can reach markets that can be found in the opposite corner of the world in no time. This is a feature of the E-commerce; make our world a very small village.
5. Increase customer care
customers are treated well enough through company websites. They can get all the information they need, see the products of their choice, compare prices, get in touch with suppliers and purchase simple and easy.