Do you also have an ongoing routine of browsing the internet for new things on a regular basis and shopping at sites like Amazon and Flipkart? Are you also a frequent buyer from the online sector? There is enormous potential in the global e-commerce market, and new products are often being introduced to the market for sale on different websites and the internet. You can now get anything online, even groceries and appliances. The e-Commerce sector is predicted to grow considerably more in the years to come, according to reports. A b.com degree in this industry is a terrific method to succeed, especially with its incredible growth. Additionally, more and more consumers are making purchases online due to the explosion of digital advances.

To get started in this growing field, a Bachelor of Commerce degree is an excellent choice. Graduates with a B.com degree can contribute distinctive viewpoints to the industry and aid in the launch of new websites. Continue reading to learn more about e-commerce businesses and their potential to impact society.

E-Commerce – The Industry on the Rise

E-commerce has demonstrated to be one of the online industries with the most rapid pace of growth since the internet’s inception. All age groups are increasingly turning to shopping online. According to a survey, over half of those who responded over the age of 65 said they really enjoy doing their shopping online.

The rise in the growth of e-commerce is massive. And as a result of these incredible advances in the field, we could possibly move on to our next question.

The Innovations making E-Commerce a Sucess

The e-commerce business is not exempted to technology advancements that are altering all industries. The following market advancements have accelerated and improved process efficiency.

Social Marketplace

This is an e-commerce combo that takes benefit from social media’s marketing power. Many social media networks, such Facebook and Instagram, allow you to display items while also interacting with your customers in real time. You may also create brand-specific pages that send potential leads to your website.

Geotagging

With the use of a method called geotagging, e-commerce websites can keep track of all the merchants who are close to a customer’s location. They are able to significantly reduce their storage and transport expenses because to this technology.

Credit Purchase

It might be annoying to enter the card details every time you make an online transaction. For this reason, a lot of e-commerce companies have developed the idea of offering their users personalized accounts where they may keep track of their buy credits or balance. This removes the tiresome process of inputting data to complete online payments for every transaction.

B.Com Degree Grads: A Perfect Fit for E-Commerce Jobs

Graduates with a B.Com. has a solid grasp of the financial markets as well as extensive knowledge of a variety of sectors, including how trade, business, and commerce operate. Obtaining a Bachelor of Commerce degree can lead to several career options. These are the primary reasons for why e-commerce positions are the perfect fit for someone with a B.Com degree.

Basic Fundamentals

Economics, organizational behaviour, and strategic management are among the many of the fundamental business concepts covering in BCom degrees. Graduates are well-prepared to handle the intricacies of the e-commerce sector because of their thorough grasp of business dynamics.

Financial Intelligence

Financial management, accounting, and finance are the most common in B.Com courses. Those with this expertise in finance are able to handle transactions, manage budgets, and do financial analyses—all necessary abilities for jobs in e-commerce that include online transactions and revenue management.

Marketing Knowledge

The success of e-commerce greatly depends on efficient marketing techniques. Graduates with a BCom degree often acquire knowledge of marketing strategies, market segmentation, and customer behaviour. This information is crucial for creating and executing digital marketing plans that are specific to the difficulties presented by online sales.

Project Management 

B.Com students can handle business initiatives from start to end. They understand finances, market trends, and how sales ecosystems work. Accounting and taxes is the two essential core skills in a commerce degree, and graduates understand trade regulations, copyright, auditing, and banking concepts. All of these talents transfer into efficient project management, and with proper guidance, they may enable faster implementations and shorter time to market.

Legal and Regulatory Understanding

Laws and regulations set the framework under which e-commerce companies operate. Regulatory compliance, contract law, and company law are frequently covered in BCom programs. Graduates protect the e-commerce business from legal difficulties since they are skilled in negotiating legal complexity.

Analytical and Critical Thinking Skills

Problem-solving and analytical thinking is the priority in B.Com programs. Graduates get training in the analysis of company KPIs, customer data, and market trends. These analytical and critical thinking abilities are essential for making wise judgments and adjusting to shifting market conditions in the fast-paced, data-driven world of e-commerce.

Job opportunities in e-commerce having a B.Com degree

Here are a few of the many decent paying jobs that a B.Com. Graduate can apply for following graduation.

E-Commerce Operations Manager

Marketing, operations, financial management, and third-party fulfilment are all within the purview of e-commerce operations managers. They manage daily operations, collaborate with a group of people, and frequently operate in tandem with other company departments.

E-Commerce Analyst

E-commerce analysts examine the goals and requirements of the business, lay out milestones in documentation, and assist teams in making sure the firm is on track and meeting its objectives.

Product Manager

To make sure customers are happy, a product manager determines what features they need and integrates them into business components. For the benefit of the business, they take visions and make them come true. Among their various duties include developing plans, scheduling product releases, coordinating feature releases, product launches, updates, and project status reports.

Inventory Manager

Inventory managers oversee the tracking of the company inventory, the analysis of suppliers, and the assessment of shipments. Essentially, manages and handles all of the inventory-related tasks.

Sales and Business Development Manager

These experts are responsible for the expansion of the business, developing and executing fresh target market strategies, and optimizing sales cycles.

Logistics Coordinator

They are important for delivering the goods in a timely manner from the company’s base to the clients. This individual is in charge of overseeing and coordinating the whole logistical process.

Supply Chain Manager

Managing the organization’s storage needs falls within the purview of the supply chain manager. They are in charge of deliveries, reverse logistics, warehouse inventory management, and cultivating a solid rapport with suppliers.

Conclusion

Having an online Bachelor of Commerce degree is an essential step towards launching an exciting profession in the e-commerce sector. This is your chance to fulfil your goals of working in dynamic workplaces and collaborating with globally recognized businesses if you have always had those desires. Gaining fundamental knowledge in a variety of commerce and finance-related topics with a B.Com degree might be helpful if you decide to pursue a career in the industry. This course will assist you in understanding the workings of contemporary e-commerce companies and in analyzing various business insights to help your organization make highly profitable decisions.