The impression of e-commerce on the world economy is far-reaching. Website with e-commerce that involves search engine optimization will help the website to improve its rating in most of the search engines. This helps to increase the popularity of the company’s website and thus get to draw more customers. Existing brick and mortar sellers can be limited by their location. Customers should travel to go to your store. With E-Commerce, you may sell to customers anywhere, anytime. This lets you serve customers throughout or internationally.
They need to explore the product site and the feel a sense of accomplishment at the end. This also is essential for business to business procurement. The consumers’ equipment and speed of data exchange should also be considered. The customer might not have the newest equipment and best connection while surfing your site. This is referenced from a quote within the article which states “Teens often use outdated equipment, including donated equipment at schools and libraries. Even if their parents have the latest gear, teens are often working with hand-me-down equipment.” Not having adequate equipment shouldn’t be often a problem in businesses, however is there equipment better or less operational than yours? By not having a superb grasp on your consumers’ abilities and needs then you could lose their interest even before you possibly can present them a product.
The market has not been reached in full because most of the internal players are beginners and have no sufficient funds to meet a bigger portion of the market. Apart from the monetary concerns, the local eCommerce businesses do not have enough experience to learn from and then adapt to new tactics. Despite lack of adaptation from the native eCommerce businesses, the customers do change their service providers. This is one of the indications that not all the customers are satisfied with simply one such service provider. It is not uncommon for almost all Sri Lankan eCommerce businesses because they are indigenous and have no place to build a business model based upon. They can not merely copy the international businesses and their business models because the conditions on the floor are not similar to what existed while the international players started their businesses.
Internet sales are increasing rapidly as consumers take advantage of lower prices offer by wholesalers retailing their products. This trend is set to strengthen as web sites address consumer security and privacy concerns. Besides, with E-Commerce, your online store is reachable using smartphones and other mobile devices. This means that people can buy your products from anywhere while on the move.
Using M-commerce, users can guide movie tickets on their phones by accessing the Internet on their phones and also can receive tickets send by the cinema people utilizing different e-commerce technologies to their phones. This helps the users to escape from the rush at the movie ticket window and may show these tickets at the entrance of cinema. In the same manner, people can receive coupons, discount offers, and loyalty cards on their mobile phones and can get these offers at retail outlets by displaying their phones. A very good example of M-commerce is mobile banking and shopping online where a client can access his account by way of mobile phone and may conduct the shopping transactions.
Considering the world market for eCommerce , the Sri Lankan market is pretty small. This is one of the major details that are in favor of the native players. If it were something like the Indian market with several millions of customers for eCommerce , the local 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.
Is it price to have Ecommerce for all the businesses? No, this isn’t true. Ecommerce is simply viable for those businesses, which are keen to cross the boundaries and are not limited to a specific native area. This can be a small retail store selling sweets to a huge multinational company selling medicines.