E-commerce web trends are emerging as online growth continues in response to more people accessing the internet and transacting in goods and services. 3D video tours are another vital matter to be considered. Most hotel sites, cruise lines and many university campuses use this software to help the consumer in visualizing their environment. This is becoming a typical in the selection phase of hotel comparisons. By offering a 3D video tour hotels can show of their best features while the consumer sits back and watches in the comfort of their personal home. This may also work for businesses trying to offer new products into the procurement process. The business can use video streaming to point out high quality control, as well as, the overall operation of the company. This can be a good strategy to get a foot in the door while consumers compare products offered on the internet.
1. Business to Consumer (B2C) – As the name suggests, it is the model involving businesses and consumers. This is the most common e-commerce segment. On this model, online businesses sell to individual consumers. When B2C started, it had a small share in the market but after 1995 its progress was exponential. The basic concept behind this type is that the online retailers and marketers can sell their merchandise to the online consumer through the use of crystal clear information which is made available through various online marketing instruments. E.g. An online pharmacy giving free medical consultation and selling medicines to patients is following B2C model.
Two necessary components to consider when considering good e-commerce practices are useful requirements and non functional requirements. Each of these affects the each day operation of the online procurement system. The consumer interacts with each item and their sub compartments throughout each purchase. Functional requirements are the expected services provided by procurement systems. Non purposeful requirements deal with how well the systems work. The difference between the two is vital, however they can not operate fluidly with out each other.
E-commerce helps external business communications. The Internet is comparable to a warehouse of the future where one can find all the necessary information about items wanted and then order them online. New markets – The internet has the potential to expand business right into a wider geographical locations.
One of the other major reasons why eCommerce goes to skyrocket in Sri Lanka in the coming years is that the businesses of the country which have developed enough to contribute new merchandise 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 merchandise in the market with quite a few successful business stories.
The success of e-commerce businesses has been so impactful that many individuals have started selling online utilizing social media platforms reminiscent of Facebook, Snapchat, Instagram or Tik Tok. But the more enterprising ones are seeking to dive into e-commerce in a bigger method instead of just using the social media platform. However first, to start out an e-commerce business, it’s necessary to construct an e-commerce website for a begin.
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 Money on Delivery payment mode. The website contains all the items we would expect in a typical Grocery store record except perishable food. It’s indeed a luxurious shopping for 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 merchandise ordered. The necessary point 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.