In this article, I will elaborate on 8 ways digitalization benefits startups and small businesses to grow and achieve the height of success.
India in its 75th year of Independence is now home to as many as 75,000 startups, these words came from Union Minister Piyush Goyal.
E-commerce is absolutely empowering our businesses, and opening new doors for native entrepreneurs, startups, and SMEs.
With the emergence of e-commerce, SMEs will leverage the net e-platform for change into additional competition and property development. For this, industries and governments have to collaborate to maximize the impact of electronic commerce within the impact of electronic commerce in the countries.
Now Asian countries’ e-commerce can reach US$99 billion by 2024, growing at a twenty-seventh CAGR over 2019-24, with grocery and fashion/ attire probably to be the key drivers of progressive growth.
8 Ways Online Business Benefiting Startups In India
E-commerce is understood as net commerce or electronic commerce that performs for purchasing and mercantilism of merchandise or services, transfer of payment, and transfer of information to execute these transactions.
A company like Amazon INC, eBay, Flipkart, etc measure a lot of popularised and created straightforward ways to shop for and sell products or services as per customers’ comfortability.
1) Increasing business reach
E-commerce is useful in increasing the business reach and ascent the business on multiple incomes.
Small businesses quickly increase their business reach and increase their turnover.
Small businesses obtain additional sales through mercantilism products or services on over one platform and remain profitable during this COVID-19 pandemic.
2) Increasing business revenue
E-commerce is unbeatable and an incredible platform for tiny businesses to extend their reach and business revenue.
Many types of small businesses and medium-sized achieve a global customer base and popularity and fame because of their organic features and uniqueness in business.
Businesses like toy producing, handcrafted products, and alternative native unfamed businesses became internationally famous owing to e-commerce.
3) Automated product delivery solutions
Automated product delivery solutions potential owing to e-commerce and following products in any part of the planet that builds dependableness and trust in commerce operations.
A company like Amazon Inc. or Flipkart has set the example of supply chain management and the vision of e-commerce by delivering materials in remote areas of India and even the world.
4) Reviews and measurement
Reviewing and measuring eCommerce business with clear objectives and analysis.
Reviews and measurement methods give small businesses the motivation and courage to work hard and set a benchmark in their routine business operations.
Small businesses can measure their performance and understand the areas where they can improve to achieve the targeted results.
5) Flexible timing
E-commerce has given flexible business operation timings to run and operate 24×7 or as per requirement.
E-commerce has dramatically changed the business compulsion and business format and given a flexible business work culture that can a small business design as per their requirements.
Flexibility in timing motivates others to start their small business as per their expertise and area of interest.
Now India has registered historical startups in the previous couple of years and the numbers go on.
The government of India’s flagship program startup India is now achieving the height of success, e-commerce contributed a lot to this success.
6) Reputation and brand building
E-commerce is far more useful in name and whole building to little businesses and earns a worldwide image and name.
E-Commerce is a valuable platform for Small businesses and startups to grow their businesses and build reputations and brand image.
Building trust, reputation, and brand image requires your startup, an umbrella that gives protection and assurance to you and your customers.
Your place on an e-commerce website counts a lot and it shows that trust in your business and protecting your business in difficulties.
7) Low Operating cost
E-commerce has no issues with location and premium building and it made the world a global village which is why the operating cost is low and serves customers anywhere in the world.
Small businesses do not want exquisite locations and fascinating sales departments that dominate the price of operation.
8) Search engine traffic
Small businesses obtain computer program traffic on their websites thanks to client analysis and clicks of users.
Small businesses and startups benefit from e-commerce in terms of traffic and visitors.
Search engine traffic is very effective in business generation and trust building.
Growing Startups In India
Now India is achieving heights in startups and the government is promoting and motivating young India to come and start their dream business and create employment along with contributing to the Indian economy.
The government of India’s flagship program startup India ( started on 15 August 2015) is achieving the height of success, and e-commerce contributed a lot to this success.
Still, much to achieve, and innovation and creativity have no limit so India will keep performing with the same passion.
Wrapping Up
E-commerce is a productive and efficient platform for doing business with low capital, without the premium location and intensive labor.
India in its 75th year of Independence is now home to as many as 75,000 startups, these words came from Union Minister Piyush Goyal.
We are experiencing companies like Amazon Inc., Flipkart, Misho, eBay, etc easily tap the untouched geographical locations.
