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What Are The Benefits Of eCommerce For Your Online Business?

E-commerce has many benefits for the national economy both for developed countries and least developed countries.

1. Low cost search information where buyers search directly for suppliers, 7 Figure Cycle products and prices which matter in saving effort and money.

2. The low cost of transactions and transactions, including invoices, purchase orders, payment method and collection, which led to an increase in the efficiency and speed of transactions.

3. Lower costs resulting from increased inventory management efficiency.

4. High ability of suppliers to deal directly with buyers until intermediaries are eliminated and distributors reduce costs.

5. Achieves transparency in pricing processes. The combination of a large number of sellers and buyers in one electronic network over the Internet provides a lot of information about prices to all customers and this contributes to the overall price of the decline and increase the degree of competition.

6. The rapid growth of e-commerce between companies leads each other to generate size-related advantages as the number of sellers and buyers increases and the volume of online transactions increases.

7 Figure Cycle
7 Figure Cycle

Effects of eCommerce

E-commerce affects productivity, e-commerce and income distribution.

Impact on productivity:

E-commerce has achieved many productivity gains by reducing transaction costs. The rapid spread of information and the replacement of digital and digital transactions with paper transactions have led to a reduction in administrative expenses. The expansion of electronic networks also improves the flexibility and responsiveness of exchanges and reduces the time, effort and money required for exchange.

Improved procurement and inventory management system:

E-commerce reduces the expenses of the use of intermediate goods and expenses, and the preservation and storage of information as the Internet reduces the handling of papers, which reduces the expenses of operations by saving time and effort and speed up operations and reduce human errors associated with operations and provide the expenses of the training and processing team and marketing and facilitate competition In auctions, relying on the electronic storage system and relying on the direct retrieval and conversion of information to provide the shortfall in the requirements required by the consumer at the earliest time will reduce the time spent in the conversion process For developing countries, production and operation are slow and labor-intensive compared with industrialized countries, so it is expected that the shift to electronic systems in production management processes will save working capital with high expenditure.

Reducing expenses Brokers:

E-commerce helps direct contact between the seller and the buyer and between the seller and the supplier. This reduces or eliminates marketing and distribution expenses. Trade through the Internet helps to reduce transport and communication expenses, and reducing or eliminating the brokerage between the seller and the buyer will enable developing countries to enter foreign markets.

Reduce retail expenses:

E-commerce helps to achieve more effective marketing and less maintenance compared to the traditional trading system where the provision of information to the consumer and reduce the cost of providing services to increase the productivity of the sales team, which helps to expand the circle of permanent sale and achieve more profits This feature is less important in developing countries compared to countries Due to lower wages paid in developing countries.

Knowledge acquisition and transfer of technology to the consumer:

Easy access to the ID through the Internet will accelerate the transfer of technology, which plays an important role in improving productivity, where we note the following:

1. Availability of product price information is intended to increase the bargaining power of small sellers or producers where they will be able to check prices at the nearest market before determining the sale decision at home and abroad.

2. The Internet helps to provide the product with the best information about 7 Figure Cycle & the prices of the two inputs and the best means of training on the production processes and helps the company to improve its position.

3. Electronic commerce helps to reduce the costs of research, marketing and consumer exchange and reduces the prices of the final product.

4. E-commerce and information-based products contribute to reducing communication costs between partners in different geographic regions.

5. The Internet is the best means of communication through a central network, which allows for the exchange of information faster and easier than telephone and fax communication, enabling the state to attract foreign technology.

Impact on the volume of international trade

E-commerce tends to open up markets permanently to sellers and buyers, thus achieving a larger and more diversified trade volume. The following are the main channels of e-commerce impact on international trade.

1. The use of the Internet helps reduce barriers to selling high-skilled services such as insurance and banking services.

2. The Internet helps companies to become multinational companies. Increasing information about companies can enable them to offer in several countries and become multinational. However, this requires providing exhibitors with devices, technologies and communication capabilities that enable them to compete with highly qualified companies in this field. .

3. 7 Figure Cycle Reviews Online Training helps the consumer or seller diversify their needs and help the seller to diversify the product.

Impact on income distribution:

Electronic commerce, through improved flow and use of information, helps to improve capital productivity, which increases the return on capital of labor. The expansion of electronic commerce leads to increased demand for skilled labor to spread information technology and low demand for unskilled labor. Increased regional disparities where Internet services are often concentrated in developing countries in urban areas.

How To Choose a Profitable Niche?

How To Choose a Profitable Niche? Niche is a term used to express specialization. For example, if you are thinking of setting up an electronics shop that specializes in selling electrical appliances, this is not a niche. If you are thinking of setting up an electronics shop that specializes in selling air conditioners only, this is the NIC. Niche can be more specialized when you create An electronic shop specializing in selling Samsung air conditioners only, and you can make the NIC very special if you set up an electronic shop specialized in Samsung air conditioners or any of them, this is the concept of Niche brief.

7 Figure Cycle
7 Figure Cycle

How to Choose a Winning Nitech

Of course, in order to be able to choose a profitable niche, you should study the market and know the interests of the customer who will be looking for your 7 Figure Cycle Review online product. Not only the interests, but the size of the audience you will be building a profitable project for you,

1. Determine the target of the Niche

You must determine exactly why you are setting up a specialized site in this field and how you will profit from it, whether by advertising or by selling products or through commission marketing and then drawing up a clear plan to work on the site serving your goals from this niche.

2. Measuring the size of the audience

Before anything you have to study the size of the audience to know whether the net is profitable or not. For example, based on the above example, you decided to specialize in the sale of Samsung air conditioners only and found that the number of potential customers is 100 customers per month, but when I did a search for the public interested in air conditioners found The number of potential customers is 120 per month. When you search for the number of potential customers interested in buying Samsung air conditioners, it is 90 customers per month. Here is the best choice for you. The first result in Google A chance to appear on the first page first result in Nitesh conditioners Samsung air conditioners or Amta.

3 – Find the source of profit

After determining the size of the audience you should search for the best way to benefit from your site when it appeared on the front page in the search engines, for example if you are interested in commission marketing you should make sure that the niche you searched for products that can market commission, or that the Put advertisements for those who like it.

An example of an Arabic nich

On the first page here you can put ads on the site for teeth whitening products or put a banner banner for a hospital or a dispensary by directly communicating with clinics or doctors … etc – there are many similar ideas that

4 – measuring the strength of competition on the keyword

Your main goal is to appear on the front page due to the difficulty of getting to the front page. If you choose the general area of ​​”air conditioners” and build it, you should study the competition for other sites specialized in the same niche that will specialize in identifying the strengths and weaknesses in their positions so that they easily overcome them No. 1 in Google and thus achieve more profits.

Note: All the above steps need SEO tools and complete analysis tools that we will not discuss in this article but in the next lesson we will explain everything in detail in separate articles. You can check the section to learn more about these steps.

5. Create a website and work on improving it
After you have done a full study of your project, you need to create a specialized site. This requires an experience in SEO and an analysis experience in order to improve your site to appear on the front page of Google.

Niche relationship with Seo

Of course, the display of the seo procedures in your site is intended to appear on the first page and in the first result in Google, and until you reach your site on the front page in Google, you need time, effort and great experience if the competition on keywords is difficult, It reduces the competition because of course the specialized sites in the niche less than the public sites and therefore the opportunity to appear and competition on the keyword better because you are basically creating a full site focuses on that word is known as long tail keyword.

 Steps to search for niche

Do a keyword search for the long tail keyword, niche using google keyword planer, kwfinder, semruch, or ahrefs. There are many other tools, including free and paid.

Look for the keyword that has a monthly search rate of more than 2000 searches.

You should look for the strength of the difficulty of the key competition and choose the best result that has a difficulty score of less than 30 mm. There are many tools you can identify here Compare all the words you searched for in terms of the number of monthly searches and the average difficulty of competition and chose the best word with a high monthly search rate and less difficult.
Try to extract more than one word the same way and compile them in a table.

Start by searching for the way you will benefit from your site if you have the first page and choose the best word to achieve the best profit.

Never set up your site in the way that suits you, provided that the terms of the seo are taken into account so that it reaches the first page in less than 3 months and this is done by studying the competition sites first to know how to excel at those sites.