The fact of the matter is that almost 46 percent of current Internet companies flip away international orders because they don’t have processes in place to fill them. As a prospective e-commerce business entrepreneur, you should first decide in your business model that best suits your need and budget. You possibly can either sell your products solely on your online store, or you possibly can sell your merchandise on marketplaces like Amazon, eBay, Etsy, etc. If you happen to decide on the latter, there isn’t any need for you to build your own website. All you need to do is to sign-up for an account and list your merchandise at its marketplace and begin selling. You can too choose to sell your products on both the platforms in parallel.
Probably the most tough challenge companies face in the international market is the technical side of the e-commerce site. Software compatibility is a major technical issue that has not yet been resolved. Countries vary in terms of how they handle e-commerce and these varied technologies must be merged into one system. Data Technology (IT) people should be involved in every step of an internationalization process.
The process of selling and buying merchandise over the Internet is just called E-Commerce. However, E-Business shouldn’t be confined to only the selling and shopping for process. Any business that’s conducted over the Internet is considered as E-Business. For instance, the info and communication technologies used in upgrading one’s business. Mainly, E-Commerce becomes a part of E-Business.
Sri Lanka does not have a greying inhabitants unlike most developed countries. That is another alternative for the nation to adapt to new trends. It’s relatively onerous for elderly people to adapt to new trends. Youngsters are instinctively inclined in the direction of adapting to new trends. Since the Sri Lankan inhabitants consists a larger proportion of youngsters, it’s clearly visible that their fashion would change in the direction of an eCommerce market than a conventional shopping place. That is already happening in the nation, but not the eCommerce will not be perfect yet.
Aside from the convenience it offers to the customers, e-commerce is also hugely convenient to businesses. Here are some reasons why. Many eCommerce sites have the functionality of sending email notification of new listings of merchandise that a user is in search of. A superb idea is so as to add RSS notification means to enhance product information request service additionally.
B2B definitely deals with companies who are doing business with each other. An example of this is manufacturers who are selling their product to distributors, and the wholesalers are selling it to retailers. Thus, the pricing can be based on the number of orders and is frequently up for grabs.
A technology manager’s job will always change while he absorbs new technologies available. One of the biggest obstacles is attempting to entice your target consumer to use your site. An example of this could be present in an article from Design Suggestions magazine in Might 2008. The article focuses on teenagers and online shopping. Even though they don’t have their own credit cards they still shop online. Teenagers are more plugged in to the net than we realize. As a technology manager you have to try to keep the interest of the teen consumers to your website. Teenagers are attracted to sites that are hip looking and offer slicing edge graphics, but in the end they need things done.