After the Indian economy became global in 1992, the next biggest move in the consumer industry is the e-commerce industry. Considering the world market for eCommerce , the Sri Lankan market is pretty small. This 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 local players would have been taken away by the international players. However, the reality is that the Sri Lankan eCommerce market continues to be considered by many international players.
Is it price to have Ecommerce for all the businesses? No, this is not true. Ecommerce is only viable for those businesses, which are willing to cross the boundaries and are not limited to a specific native area. This may be a small retail store selling sweets to a huge multinational company selling medicines.
Many of the buyers for corporate organizations are younger and have a vast exposure to computers. This consumer will need to explore websites that are interesting as well as informative. Some of the key rules listed include: show prices upfront, allow sort preference, offer want lists, do not require registrations and a speedy checkout. With any procurement system the easier the product is to understand the better the consumer can make their decision. If the information in the description won’t answer the consumer’s inquiry then the product will be over looked. Many merchandise sold business to business must be specific in their description. There is a fine line between fulfilling the basic info and flourishing the description with too much technical info.
One of the other main reasons why eCommerce goes 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 country 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 products in the market with quite a few successful business stories.
Buying and selling platforms are a so-called territory where people conduct transactions. They enable unite a number of sellers and buyers. It helps to improve trade efficiency and lessen costs. There are customer-driven, seller-driven (or supplier-driven) and third-celebration-driven buying and selling platforms. They additionally differ in their type of group.
The anonymity of internet shopping for and selling creates many dangers of e-commerce and lots of times those who have cheated on a purchase are never discovered to be prosecuted. Shopping for on the large auction sites on the internet is somewhat safer as they offer buyer protection for a lot of of the transactions handled via their site. But the outdated expression “let the buyer beware” has never been more relevant than with internet purchases. The dangers of e-commerce can involve the products themselves as well as the electronic transaction. Take a look at it from the perspective of the buyer.
On technical grounds, we can consider M-commerce as part of E-commerce marketplace as it gives authority to the user to do transactions utilizing his mobile phone. The best example is companies involved in outsourcing businesses make use of customized software development and contact the client by B2B E-commerce. The more common B2B examples and best practice models are IBM, Hewlett Packard (HP), Cisco and Dell. Cisco, for instance, receives over 90% of its product orders over the Internet.