For the last few years, there is rapid growth in online ordering online pattern. Today, we order almost everything we need through e-commerce stores. Nowadays, you can see a lot of retailers and restaurant owners have shifted to new business models after the emergence of e-commerce.
When the businesses realized that online shopping is beyond ordering things online, they switched to the quick commerce model which is the advanced version of e-commerce.
Today, speed is the name of the game and with increasing demands of customers and expectations of faster delivery, businesses should focus on fast services. For this, it is important to focus on Quick commerce along with e-commerce web development solutions. This blog would help you understand the benefits of Quick Commerce for your business.
Quick Commerce - What is the concept all about?
It can be defined as the advanced version of e-commerce and the name itself talk about speed. Here, the consumers can get speedy delivery – delivery in an hour after the order is placed.
It may sound like quick delivery, but it is for small orders processed through quick commerce. It means consumers can order a single item they might not have in stock at home to prepare their favorite dish.
Most retailers prefer online systems, nearby warehouses, and delivery staff to deliver orders faster.
Well, quick commerce is not a new concept. It exists in the food industry for a long time now. When e-commerce stores are reducing the delivery times, consumers can get the orders delivered on time at their doorsteps.
What are the advantages of Quick commerce for your business?
When e-commerce website development is trending and quick commerce stays a step ahead to offer super-fast delivery service to consumers, it brings in several benefits for e-commerce brands who can leverage this opportunity. Below listed are a few advantages of quick commerce for businesses.
Round-the-clock availability of service
Quick commerce helps you operate round the clock. You can offer services 24X7 without any hassles. Customers can simply pick up their smartphones to place orders almost anytime and anywhere. With the quick commerce feature, customers can schedule the order delivery according to their convenient timings
It means customers do not have to visit the online store only within a specific time. Also, customers can get their orders delivered in as short as 10 to 30 minutes after they place the order.
Offer excellent customer experience
With the increase in consumer demands, quick commerce helps online retailers cater to their changing demands. It will help them gain customer loyalty.
Quick commerce identifies the challenges and demands of the customers and helps them stock the food they need. It also helps people who cannot visit the shop to purchase essentials.
So, you will find a lot of stances where quick commerce helps reduce hassles that may turn out to be worrisome.
Scope to earn high profits
With quick commerce, you can expect high-profit margins. As quick commerce is about small purchases, most retailers leverage this idea to boost sales to earn more profits.
Helps extend supplier and dealer network
When it comes to the quick commerce pattern, it covers the small warehouses and sets up micro warehouses in several places to facilitate faster delivery.
Q-Commerce businesses can collaborate with new shop owners in new locations and direct the orders received from the customers to the nearest shop owner. Reaching out to new markets becomes easy and it can automatically boost the quick commerce growth.
How to integrate the Quick Commerce concept?
A lot of brands are moving towards quick commerce to target busy professionals and senior citizens.
For brands selling consumer packaged goods, it is indeed a perfect idea to meet the customer demands. Also, in the coming years, most consumers would prefer the fastest delivery, so you can think of integrating quick commerce today.
Let us learn about the vital steps to integrate quick commerce into your business.
Establish local hubs
If you are planning for the fastest deliveries within an hour, you should be located at the nearest customers’ location. Hence, for quick commerce, it is crucial to set up local warehouses or tie up with stores location nearest to customers’ locations to offer super-fast deliveries.
A lot of quick commerce brands' delivery services are limited to cities wherein they hire delivery staff for product delivery. Businesses can collaborate with 3rd party services or local services as well to offer speedy services.
Choose your quick commerce stock wisely
Currently, quick commerce is an ideal choice for certain product lines. For instance, quick delivery for cosmetics, food, drinks, and many other CPG products used by consumers daily. Medicines and gifts are also among the perfect product lines for quick commerce business.
A lot of businesses are stocking the products used by consumers on daily basis, so you need to identify them and choose the essential products wisely.
Also, try to find out the items that are in demand and consumers prefer to order online so that you can stock them to gain more customers and profits.
Choose the right inventory management tool
If you want to run a successful quick commerce business, you need to have perfect inventory management software. It will help you improve productivity and speed. Also, it will send out real-time updates on stock details.
With smart software, you won’t face stockout issues that can hamper sales or deadstock which can increase storage costs for warehouses located in urban areas.
With a great tool, you can manage the retailer network to re-order or redistribute on time. The software helps logistic staff to get an idea of the best-selling products coming through quick commerce. This helps retailers maximize their services.
Final words
Quick commerce is an updated version of e-commerce. With the increasing demands of customers, quick commerce is helping them meet their needs that too faster than ever.
Well, you need to find out if quick commerce is the best fit for your business. So, you can simply try to test it before investing a considerable amount. You can try to integrate it for a single location and check the response.
Once you identify that quick commerce is the perfect business model for you, you can integrate the quick commerce feature into your business module. WebFox, a leading website design, and development can help you integrate the quick commerce features into your business to help you offer faster delivery for the products.
Our team of website designers and developers are aware of the tools and techniques that help you take your e-commerce business to the next level with super-fast deliveries. Connect with us to discuss your quick commerce website development requirements.