The clothing industry on this modern age has changed to where the click of a mouse is king. A recent example of how eCommerce portals are increasingly accepted in the market is of- A management graduate from EDI, Shikha Agarwal who has launched online Grocery store with Cash on Delivery payment mode. The website accommodates all the items we would expect in a typical Grocery store listing except perishable meals. It’s indeed a luxurious buying from this website because it allows buyers to remain in their cozy houses and make purchase at discounted rates and get home delivery of the products ordered. The necessary level of view she had not getting into Lifestyle or the Electronic sector. Instead by hitting the FMCG market, her website has recurrent and loyal customers who purchase from the website every month.

Considering the world market for eCommerce , the Sri Lankan market is pretty small. That is one of the major facts that are in favor of the local players. If it were something like the Indian market with several hundreds of thousands of customers for eCommerce , the native players would have been taken away by the international players. However, the fact is that the Sri Lankan eCommerce market remains to be considered by many international players.

2) Items sold on the internet could require an electronic transaction to complete the purchase. When the seller receives the buyer’s credit card info, they can then use that to their advantage. If they have intentions of committing a criminal act, they can use the card information to make other purchases for themselves.

Online auctions offer sellers a place where they can put up trade inventory for buyers to make stakes. The goods here, as a rule, are cheaper as the identical itemsin the retailers. However, there is one predominant advantage, the time of inventory turnover shortens thereby offering sellers access to new markets. Its key difference with digital catalogue is in the price: it is not fixed and is determined during the auction. Sources of income are the same.

The process of selling and shopping for merchandise over the Internet is just called E-Commerce. However, E-Business isn’t confined to simply the selling and buying process. Any business that’s conducted over the Internet is considered as E-Business. For instance, the data and communication technologies used in upgrading one’s business. Basically, E-Commerce becomes a part of E-Business.

When you start selling merchandise on your e-commerce website, you need to ship the merchandise to your customers using transport companies. You should choose those reliable ones that have good track records in fulfilling shipments within agreed durations and at the lowest available shipping cost, so that you could give your customers the best deal as well as maximize your revenue.

In all probability the most troublesome challenge companies face in the international market is the technical side of the e-commerce site. Software compatibility is a significant technical issue that has not yet been resolved. Countries range in terms of how they handle e-commerce and these numerous technologies must be merged into one system. Information Technology (IT) people must be involved in every step of an internationalization process.

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