Sunday, 19 June 2016

How pharmaceutical companies do eCommerce with the best and simplest web design.


The pharmaceutical business is the best and booming business in the world. They never run out of clients, referrals or products and as such maintain a very healthy flow of business.

A lot of people are joining in on the financial gains as the best Pharmaceutical companies are allowing everyday people to come on board and sell their exclusive product for them. Some of the best brands like Absorb Health.

According to WHO, "The global pharmaceuticals market is worth US$300 billion a year, a figure expected to rise to US$400 billion within three years. The 10 largest drugs companies control over one-third of this market, several with sales of more than US$10 billion a year and profit margins of about 30%. Six are based in the United States and four in Europe. It is predicted that North and South America, Europe and Japan will continue to account for a full 85% of the global pharmaceuticals market well into the 21st century. Companies currently spend one-third of all sales revenue on marketing their products - roughly twice what they spend on research and development."

E-commerce allows companies to boost revenues by direct sales to customers. Manufacturers and wholesalers/distributors that do not have direct contact with customers in traditional retail channels can use the Internet to shrink the supply chain by bypassing retailers and selling directly to customers.

Furthermore, the iniquitousness of the Internet permits access at any time from any place interms of order placement to online drug stores. Customers that are often busy at work and, thus, not be able to place orders during regular business hours can place orders at night when most physical retail stores are closed.
Another benefit of e-commerce is how it annihilates almost completely the factor of geographical location. For example, customers in Abuja can visit the online store of a wholesale pharmacy located in Lagos, go through the product catalog and price list, put orders and make payments in real time.
E-commerce can also speedup revenue collection. When one considers the amount of time and effort taken in processing payments by checks which usually takes up to 48 hours, online payments either by bank wire transfer or credit/debit cards which is processed instantaneously becomes much more appealing.
BigCommerce makes it easy to sell online. You get a website, shopping cart, SEO, design, hosting and more. Try it for free! And if you are worried about how to design the site and begin the process you can work with 99Designs: Professional design for business & advertising. The world wide web is seriously plagued with millions of ways to design an ecommerce website but non as affordable and simple as you will get Everything you need to get your business online from 99Designs!  

Keep up with this post for more updated information!