6 most Common Misconceptions About E-Commerce Development

Posted by Open Space on December 10th, 2020

Online shopping has transformed into a simple profitable way of transacting. Because of its enviable charm, it has managed to lure most businesses. For an entrepreneur creating a business online that is feasible, easy, trustworthy and most importantly, one that generates a good amount of revenue is not a cakewalk. Unfortunately, most start-ups fall for the online platform to generate revenue without understanding the online business's nitty-gritty. This thus leads to the closure of many businesses every year.

However, e-commerce solution services help in this ever-emerging and evolving business platform that can transform sales of businesses irrespective of the scale. Below are some most common misconceptions you need to know about e-commerce –

1. Revenue is the primary metric to measure

Your revenue alone cannot dictate your financial standing. Several web metrics like your search engine position, click-throughs, conversion rate, and bounce rate can paint a better picture of where your company will stand financially in the future.

An e-commerce solution service will make sure that a laravel developer helps you achieve your long term goal. Laravel (is a free, open-source PHP web framework. It is created by Taylor Otwell and intended to develop web applications following the model view controller (MVC) architectural pattern. A laravel development company will help you to keep your metrics in check.

2. Low Prices attain more customers

The common psychology of paying less and getting more will ways exist. However, the final purchase in an online store is made by credibility, loyalty, brand popularity, availability of the product, and customer support. So price your products based on the quality and service you deliver. Because good quality and service, even if priced more, will always find its own set of customers and built a market.

3. All E-commerce platforms are the same

Every product or service is unique and has its way of selling itself. No two purchases can be similar. The time, energy, and money spent on two products of a different category cannot be the same. Example- The time, energy, and money spent on a Television will be more than a product of daily use like soap. E-commerce solution services have hired laravel developer who understands your product's mechanisms and creates a feasible site for selling it online.

4. Once the website is live, it will start generating traffic

Successful e-commerce ventures use various professional techniques like SEM, SEO, SMM, PPC advertising, etc., and actively promote their brand to build a market place. It is the sum of all activities that will drive traffic to your online store.

5. You don't need to have business experience for a successful E-commerce site

Building a business online is the same as buying a physical store and selling your goods or services. However, running your business online comes with its own set of advantages, not to take it for granted. It has its own hustle. Having a laid back attitude of not knowing your business can cost you. Factors like the goal, business plan, product knowledge, customer base, and most importantly,the experience will lay your website's success. 

6. Product Data is Effortless

The more the products,the harder it is to handle them. Putting extensive information without a layout can confuse the user. A PHP laravel developer will arrange for conversion, have outstanding visibility, ensure the appealing call to action, and plan a hassle-free layout.

Bottom Line

Here were a few misconceptions of e-commerce that are often interpreted. To start your own e-commerce venture with professional help, you can seek guidance from Open Space services, an ideal destination for e-commerce solution service. To know more about them, visit them at https://www.openspaceservices.com/