Shops Basket Stands with SMEs in India
Shops Basket Stands with SMEs in India
Small & Medium Enterprises can take advantage of the e-commerce sector to mitigate their challenges, foster growth, and increase competitiveness. With the help of e-commerce, SMEs can expand its reach to acquire new customers. E-commerce also enhances the speed of sale and adds flexibility to one’s business.
At Shops Basket, we educate small businesses about how information technology can play the role of a game-changer. Businesses that have been operating in a traditional manner can greatly benefit from our online marketplace. The domestic traders and sellers can quickly add their products to our marketplace and can witness business transactions from the day one.
Here are the potential benefits that SMEs can get from our online marketplace.
- Increase in revenue: If you are still doing business offline, your business will remain limited to particular geography only. Shops Basket allows SMEs to go online without investing an upfront cost. When your business is available online means you can sell your products nationwide. An SME can significantly boost its sale by partnering with us and uploading its products on our marketplace.
- Zero marketing cost: Since today, there is a sharp competition in the market; a business has to invest significantly in the marketing initiatives. At Shops Basket, we spend heavily on digital marketing efforts on a regular basis, with an aim to lure new customers. Thus, due to our sales optimization techniques, our registered sellers witness a brisk business, without spending a single penny on advertisements and marketing.
- A bigger profit margin: Our online marketplace allows SMEs to sell products through e-commerce methods, instead of selling at their brick-and-mortar shops. An online storefront reduces many types of overhead costs, such as rental cost, manpower, electricity, and other costs. With the cost reduction, a business can not only increase its profit margin but can also go for a better competitive pricing strategy.
- Better accessibility: Shops Basket is open 24/7, and thus business transactions can happen at any time day or night. Customers can pick items from our online store even at midnight and can pay using a payment gateway. Everything takes place in an automated manner, and your business keeps growing even if you are in deep sleep. This type of accessibility for your customers is not possible if you are operating your business from a physical store.
- Faster approach to the market: When you are registered in our online marketplace, you can introduce your new products to customers before your competitors can do. We provide SMEs with the ability to approach the market at a quicker pace and tap new customers. We also maintain a streamlined supply chain process, in order to ensure faster delivery of products at the customer’s doorstep.
- A better shopping experience: We have designed our web store in a manner that guarantees a pleasant shopping experience to every customer. At Shops Basket, we have adopted a Customer First Policy and our customers always hold the center stage. Our backend team ensures quick responses to inquiries and makes sure customers purchase items in an informed manner. This is the reason why we have a large pool of returned customers, and SMEs registered with us can rest assured of fast sales of their products from loyal customers.
Today, an SME cannot ignore the significance and usefulness of e-commerce. If you don’t have a virtual presence or operating from a poorly designed web store, you are losing a huge business opportunity on a daily basis. At Shops Basket, we showcase your products in a prolific manner to give your business a competitive edge. More importantly, we don’t charge anything for creating an account and uploading your items on our marketplace.