Ecommerce or electronic commerce is transactions or other terms of sale that are performed electronically. Considering the world market for eCommerce , the Sri Lankan market is pretty small. This is one of the main info that are in favor of the local players. If it were something like the Indian market with several thousands and thousands of customers for eCommerce , the native players would have been taken away by the international players. However, the fact is that the Sri Lankan eCommerce market remains to be considered by many international players.
Lots of the buyers for corporate organizations are young and have a vast exposure to computers. This consumer will want to explore websites that are interesting as well as informative. Some of the key rules listed include: show prices upfront, permit sort preference, offer wish lists, do not require registrations and a speedy checkout. With any procurement system the easier the product is to understand the better the consumer can make their decision. If the data in the description will not answer the consumer’s inquiry then the product will be over looked. Many products sold business to business must be specific in their description. There is a fine line between fulfilling the basic info and flourishing the description with too much technical info.
As a prospective e-commerce business entrepreneur, it is best to first decide in your business model that best fits your need and budget. You may either sell your merchandise solely in your online store, or you possibly can sell your merchandise on marketplaces like Amazon, eBay, Etsy, etc. When you decide on the latter, there isn’t any need so that you can construct your personal website. All you need to do is to sign-up for an account and checklist your merchandise at its marketplace and start selling. You too can choose to sell your products on both the platforms in parallel.
Fortunately, there is a structured process in constructing an e-commerce website. Though a website developer is normally engaged in such a process, having some relevant knowledge may additionally help you in building a website on your online business. This refers to a company that solely operates over the Internet and offers solely one explicit type of product or service in order to realize a larger market share.
For a begin, it’s significant to decide on the niche or type of services you want to sell or provide on your website. In your decision, you need to find out the native demand for certain products relating to the niche or certain high-demand services you are interested in. Be mindful that buyers would normally prefer to buy products or get hold of services from an area vendor whether online or offline. The local vendor would normally provide easy payment methods, faster deliveries, and faster replacements in case of the wrong or defective items.
all the potential international markets, however with a e-commerce answer, one can open up a dialogue with international markets as easily as with the company across the street. As a matter-of-truth, before one goes onto the Web, one ought to decide how one desires to handle the international business that may come one’s manner, because one’s postings are certain to bring international opportunities to one’s way, whether it is a part of one’s plan or not. Another added benefit; if one’s company has offices overseas, they can access the home offices info for the price of a neighborhood phone call.
Online auctions offer sellers a place where they can put up trade inventory for buyers to make stakes. The items here, as a rule, are cheaper as the identical itemsin the retailers. However, there is one major advantage, the time of stock turnover shortens thereby providing sellers access to new markets. Its key difference with virtual catalogue is in the price: it is not fixed and is determined during the public sale. Sources of income are the same.