Today’s era is a period of technology. In today’s time, technology is dominant in every field. Actually, in today’s era, everyone’s routine has become very busy, and we are unable to make time for many tasks. In modern times, the internet has become a necessary necessity, so most of our work is dependent on the internet.
A few years ago, when we often would think that the house ration would come to the home, you could buy designer clothes sitting at home. It was a dream back then. But in today’s time, all these things are possible. At this time, you can buy anything from the country and abroad in a matter of seconds. The biggest contribution behind this is that of online stores; these days, we get to see countless online stores.
These online stores have created a stir in the wholesale and retail markets, and now it is also being seen that everyone has started doing business by creating their own online store. Anyway, due to COVID-19, people were reluctant to go to the market, and many businesses had also reached a state of loss, but due to the internet, many online stores came into circulation, and now many people have started doing their business online. Today, we will tell you about the advantages and disadvantages of these online stores.
What is an Online Store?
Actually, An Online Store is an online platform where you can easily connect with customers from India and abroad with the help of the internet and can give your products and services to them. When you set up your online store, the customer can order the products for himself by visiting your online store, and you deliver the product to the customer at the appointed time.
There are Several Types of Online Store
● You can create your own online store if you want.
● You can also sell products of another company through online stores such as Flipkart, Amazon, etc.
● You can sell someone else’s product without buying it, which is called dropshipping in common language.
How to Create an Online Store?
Whenever you want to create an online store, you have to decide which product you want to sell online. You can decide whether you want to sell your own product or do dropshipping. If you want to sell your own product, then first, you have to create a website of your own.
After that, give your online store a name that people can easily remember and is a little different, after that you should list your product on the website. For this you can use Online Store Builder, one thing to note here is that if you want to start your online store in India, then you must also have a GST number. After completing all these steps, your online store is ready, and you can now reach your customers sitting at home.
Types of Online Stores
You also need to know how many types of online stores are there. In fact, not only can you sell your products to general customers, but there are also many online stores that do not sell their goods to the customers directly, and companies sell. Let’s learn about some of the main online stores.
● B2B Online Store
Such online stores mainly involve business between two companies, such as producers selling their goods directly to the company. Apart from this, a wholesaler sells his goods to Retailer.
● B2C Online Store
In such online stores, the companies sell their products directly to the customers so that the customers have to pay a lower price for the product, which avoids the brokers between the company and the customer.
● C2C Online Store
When customers want to sell goods directly to the customer, then such online stores are called C2C, for example when we want to sell our old goods there are many such online stores.
Apart from the types of online stores mentioned above, there are more online stores, but the stores mentioned above are more prominent.
Benefits of Creating an Online Store
Let us now understand the advantages of creating an Online Store
● Low start
You do not need much money to start an online store, whereas if you start an offline store, then you may have to spend a lot of money on it.
● Reach worldwide
Through the online store, you can sell your product not only in your city but also in any corner of the country and abroad, and for this, you do not need to go anywhere.
● Connect with all types of customers
When you start the Online Store, any customer can easily access your product as these online stores can also be accessed on the smartphone with the help of the internet. Because of this, you can reach all types of customers.
● Time to send product
When you sell some goods in the online store, you have some time in which you can easily send the same to the customer at this or her given address, and you have enough time for that. But in the offline store, you have to give the item immediately.
Disadvantages of Creating an Online Store
Although there are many benefits of creating an online store, it also has some disadvantages. Let’s know about them.
● Product Return Threat
When you sell an item by creating an online store, there is a risk of returning the same goods too many times, and due to this, you have to pay heavy shipping charges. In fact, when the customer does not like the same, he returns it, and you have to bear all the expenses involved in it.
● Warehouse expenses
After creating an online store, you need a place where you can store your product so that it can be shipped in time and delivered to the customer at the right time when the customer orders. Such a place is called a warehouse, and you have to spend money to maintain the warehouse.
● Equal wear and tear
When you sell a product to the customer through your Online Store, it is your responsibility to deliver the same to the customer accurately and safely, in addition to the cost of the customer if the product ordered by him is damaged, you will have to bear the cost.
● Loss due to theft or any other reasons
After selling the same to the customer through the online store, you send the product to the address given by the shipping company to the customer, but sometimes, on the way, the parcel is stolen, or due to any other reasons such as flood, fire or any other reason, it is lost or destroyed. Because of this, your parcel neither reaches the customer nor you get back, then it also becomes a reason for the loss.
We hope you liked the information given by us.