No one can deny the strong effect that e-commerce has had on our every day lives. In this type of e-commerce business, a consumer posts his project with a set budget online and inside some hours companies reviews the consumer’s requirements and bid on the project. The consumer will then review the bids and select the company that will complete the project. An example of such a company involved in this type of business is Elance.
The anonymity of internet buying and selling creates many dangers of e-commerce and lots of times those who have cheated on a purchase are never found to be prosecuted. Buying on the large auction sites on the internet is somewhat safer as they offer buyer protection for many of the transactions handled through their site. However the outdated expression “let the buyer beware” has never been more relevant than with internet purchases. The dangers of e-commerce can involve the merchandise themselves as well as the electronic transaction. Take a look at it from the perspective of the buyer.
Many people are moving towards online shopping more than the bodily one because it is more convenient, and the prices are often cheaper too, even with shipping price. Another plus point is most online stores may even offer free shipping for purchases exceeding a certain quantity.
It is quite true that the market has not been reached by the native players. In fact not even five percent of the market has been reached by all native players combined. Within the reached market, round ten percent is covered by the international players. What this means is that though the international companies are not giving considerable effort to keep targeting the Sri Lankan market, they still have an influence on it. One reason for this trend may be the spreading of Sri Lankans who live throughout the world. These people have a worldwide presence in order that makes them to order products by means of internationally recognized eCommerce businesses to be sent to their friends and household back in Sri Lanka. This in flip gives exposure to the locally residing people who then begin persevering with.
I started with WP E-Commerce and was incredibly pleased with how easy it was to enter my product categories and merchandise (complete with variations that was overly complicated in the other open source applications I’d tried.) It took a little work to get the checkout exactly how I wanted it, however it wasn’t very troublesome.
Know what you’re on the lookout for before you begin. This could only really be accomplished by grabbing a couple free themes and attempting to set up your site with them. It is solely via doing that you just realize what you really need and what is not as necessary. When doing this, make sure you have one of the e-commerce plug-ins enabled with some merchandise loaded – otherwise you’re not going to get an excellent feel for the theme and how it integrates with e-commerce.
Blockchain technology is transforming the ecommerce industry by decentralizing the control and reducing the existence of middleman from the landscape. But, before exploring the potential of Blockchain technology for e-commerce industry, let’s dig into the current challenges that the e-commerce industry is dealing with.