Why Electronic Component Distributors Need to Foray Into E-Commerce?
In order to preserve their reputation as great product suppliers, the electronic component distributors need to go online. Because for prevailing in the digital era, they need something more than great products – they need to make buying easier for their customers. People no longer have the time to hear a sales call or flip through a thick paper catalog. Instead, they are preferring to perform their own research and buy online at their own convenience. Hence, e-commerce is the gateway to faster success.
The following are some of the key factors for which the electronic component distributors should think for adopting e-commerce.
Attracting new customers with Search Engine visibility
Physical stores are run by branding and relationships. But, e-stores’ business is driven by the traffic that comes from search engines. Generally, customers tend to consider as a good seller or distributor to the one whose link they see on the top of their search engine result even if they don’t know the distributor personally.
Selling products across the globe
The geographical area that an electronic component distributor can serve is limited, but with an e-commerce website, they can sell across the world. Delivering products to distant places is quite costly for the distributors, but through e-commerce, they can ship the product from their outlet that is nearest to the customer.
Keeping eye on consumers’ buying habits
One of the biggest advantages of e-commerce to any firm is that they can track the buying habits of their customers, which helps them modify their offerings to make it best suit the customer demands. In B2B e-commerce, distributors can build long-lasting relationships by satisfying the demand of their customers constantly.
Lower cost of inventory management
In e-commerce, the suppliers can reduce the cost of inventory managment by automating the system using the latest web-based management system. It will indirectly cut their operational costs.
E-commerce has been proved as an efficient and competent method for effective business transactions. Setting-up cost is very low compared to expanding the business with more physical locations. A lot of money can be saved as e-commerce doesn’t require extra manpower for billing and updating inventory.
In the online age, e-store is becoming a must-have for most of the businesses to retain their customers regardless of how niche a manufacturer or distributor they are. Today’s buyers have become smarter and prefer having detailed information on everything starting from product availability & pricing to location of their orders’ precise. Anything less is dis-satisfactory for them. To better satisfy its smart customers, V5 semiconductors have made its services smarter by going online.