Electronic commerce has definitely changed the habits of consumers. 5. m-Commerce – It refers to the use of mobile devices for conducting the transactions. The mobile device holders can contact each other and can conduct the business. Even the web design and development companies optimize the websites to be viewed correctly on mobile devices.
When you are operating a store, it will be bounded to the geographical region for which you’ll be able to provide service, however on the other hand with an E-Commerce website, you possibly can sell your goods and services globally. Additionally, the remaining limitation of geography has dissolved by m-commerce that is often known as mobile commerce.
2. Began a rewards program that customers might join and earn 5% toward future purchases. Not solely did this reward best customers whom I wanted to do something for, however it made so-so customers store with us first, to build up their rewards. An unscientific sampling showed better than 50% choose to enroll in the program, Those are customers who I don’t have to re-claim, they will come back with out PPC advertising expense.
In the event you are planning to start a new online business or upgrade your existing eCommerce site, you need to consider utilizing some of the innovative ideas related to Web 2.0 concept. Three years in the past in the event you would have searched the phrase “Web 2.0”, you most likely wouldn’t have discovered any mention of this term on the Internet. Now, at the last depend, Google showed close to 60 million results relevant to this search. Wonderful! First time this term was coined by ‘Reilly Media to vaguely define a concept of second generation websites which were emerging after the dot com crush. Since their first use of this phrase to promote conferences organized by ‘Reilly Media and MediaLive International, the idea of Web 2.0 has become immensely standard in web development sector.
Website with e-commerce that involves search engine optimization will help the website to improve its ranking in most of the search engines. This helps to increase the recognition of the company’s website and thus get to draw more customers. Existing brick and mortar sellers can be limited by their location. Customers should travel to go to your store. With E-Commerce, you possibly can sell to customers anywhere, anytime. This allows you to serve customers across or internationally.
The scope of e-commerce is really what makes every business go for it. Distance isn’t the issue since customers can at all times check and get items by online order processing. Business owners, on the other hand can easily contact and get in contact with their customers by means of the internet, thus transactions are processed easily and in a very timely manner. E-commerce is really the business trend of this generation. It accomplishes so much for enterprises that choose to use it in increasing model awareness, generating more income, and boosting their chances for bigger success in their respective industries.
1. Business to Consumer (B2C) – As the name suggests, it’s the model involving businesses and consumers. This is the most typical e-commerce segment. In 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 products to the online consumer by utilizing crystal clear knowledge which is made available through various online marketing tools. E.g. An online pharmacy giving free medical consultation and selling medicines to patients is following B2C model.