The internet facilitates open and easy communication across the globe, and has made e-commerce possible. One of the other major reasons why eCommerce is going to skyrocket in Sri Lanka in the coming years is that the businesses of the nation which have developed enough to contribute new merchandise to the local market. There have been many restrictions in the last decade for imports. Now that the nation 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 products in the market with quite a few successful business stories.
On 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 disadvantages of e-commerce are actually simple – you don’t see the customer, money is transacted by unsecured processes at times, refunds can be complicated at first, and most of all, online business is only a different language to most people with conventional business experience.
First of all, you need an action plan – which can in all probability change many times if you happen to are just beginning. Additionally, you will need the potential to have prompt access to produce the demand. You need to supply the market you are marketing in the direction of with fixed products to give you fixed revenue and to give your customers constant satisfaction.
1. Updated website to Website builder, area name and internet hosting all for one low monthly fee at StoreSecured previously had been hosted by way of , which is not a foul place to begin. Though there was a ton of downtime, and they had glitches like charging customers the wrong amount on their credit playing cards. I had put up with them for four years, two on my previous e-commerce site. The remaining straw came when I could no longer have access to customer’s credit card numbers for partial refunds and would have to name them to get their number once more.
Another issue seems to be rising confidence that consumers have when it comes to purchasing online. At one time people were nearly scared to enter their credit card details into a computer, however now this is frequent practice for most people. This refers to any electronic transaction of products or services between one customer and another customer. Generally, this could take place with the help of a third-celebration, for instance, Amazon, eBay or Etsy as a marketplace for online selling and buying.