No one can deny the sturdy effect that e-commerce has had on our daily lives. The term E-Business is an acronym referring to “Electronic Business,” and its business is conducted with the use of the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit similar to E-Commerce, however it’s more than simply selling and shopping for products or services online.
Many people are shifting toward online shopping more than the physical one because it is more convenient, and the prices are usually cheaper too, even with delivery cost. Another plus point is most online stores may even offer free shipping for purchases exceeding a certain quantity.
E-commerce helps external business communications. The Internet is comparable to a warehouse of the future where one can discover all the necessary details about goods wanted and then order them online. New markets – The internet has the potential to expand business right into a wider geographical locations.
For all websites that transfer data online, especially relating to payment, you should ensure that the network connection is protected by a Secured Security Layer (SSL). The SSL certificate keeps your website secure from website hackers and can help to construct trust amongst your customers.
Potential customers want to see detailed descriptions and pictures about the products they are considering buying. Since your customer won’t be able to actually view the item, it’s a good idea to provide as much data as possible. However, it’s essential to be careful to not overwhelm your audience with a plethora of technical info. A great technique is to provide an additional information or product specification page for each item.
One option to measure the impact of e-commerce on the international economy is to realize the way it has affected conventional brick and mortar businesses. There isn’t any potential for conventional brick and mortar businesses to stay out of e-commerce; the business merely won’t thrive with out a web-based component.
Third, each site should establish some means for customers to make payments for the things they purchase. For consumers, this usually is a credit card system. For business to business operations, payments are normally made by a voucher system. In other situations, a invoice is generated or a computerized billing system is used in order that the invoice goes directly to the buyer. In more trusting relationships, the invoice is added to the customer’s records with no bodily bill ever being mailed.