Some field experts would consider all business deals and activities that are being conducted utilizing modern Telecommunication and Information Technology methods as E-commerce. One of the other main reasons why eCommerce is going to skyrocket in Sri Lanka in the coming years is that the businesses of the nation which have developed enough to contribute new products to the native market. There have been many restrictions in the final decade for imports. Now that the nation has come out of the internal mess, the international businesses are more than welcome there. There have been many foreign business vendors who have placed their merchandise in the market with quite a few successful business stories.
Unlike regular stores where in customers have to exhaustively walk, or drive to, and is barely limited to people inside the neighborhood, online stores can be visited in the consolation of your personal home by people anywhere and everywhere. Online stores are a great method of reaching a lot of potential customers, especially now with the quickly rising Internet usage. Now that more and more people are going online, more and more are buying off the Internet.
One will not get Newsweek magazine to write up about one’s native store opening, however one may get them to write up one’s Web Page address if it is something new and interesting. Even if Newsweek would write about one’s native store opening, one wouldn’t benefit from someone in a distant city reading about it, unless of course, they were coming to one’s city sometime soon. With Web page data, anyone anywhere who can access the internet and hears about one’s site is a potential customer to one’s Web site and a potential customer for one’s information there.
Electronic commerce (E-commerce) is related to purchasing and selling of merchandise and services by way of electronic mode, reminiscent of Internet. Mobile Commerce (M-commerce) is related to transferring or accepting the items and services by using the mobile devices to computer networks or vice versa.
Shoppers ought to have the capacity to see thumbnail pictures of the merchandise inside the shopping cart. Technology as all the time meant considerable changes equivalent to when the Personal Computer (COMPUTER) altered the means that businesses now conduct their affairs. Editing and including products to the shopping cart ought to be done robotically with out reloading.
E-commerce permits company to promote merchandise or services provided by the company and thus able to get to more potential customers. With this E-commerce online, you get to reach out to customers worldwide and expand your business market regardless where the person is in the most cost effective method.
Many Obstacles to selling across nationwide boundaries exist. They include communication barriers, cultural differences, global transport problems due to a scarcity of sufficient infrastructure and ranging degrees of Internet functionality in countries. E-Commerce becomes one of the preferred methods of shopping as they enjoy they are online in as we speak’s the world, because of its easiness and convenience. They are allowed to purchase products or services from their home at any time of day or night.