Since the advent of internet, dictionary has been changed a lot. The term E-Commerce, is an acronym referring to “Electronic ‘Commerce” and it is the process of selling and shopping for of products by an online store. Unlike a “brick and mortar” store, there is not any face to face interfacing between the seller and the buyer in order for the transaction to take place.
These challenges have been bothering the sellers since the beginning. Thus, integrating Blockchain Technology to e-commerce sector can definitely be an excellent idea for the whole system. Here comes the need of Blockchain technology for e-commerce industry which is capable of resolving all the challenges alone.
The market has not been reached in full because most of the internal players are beginners and have no sufficient funds to meet a bigger portion of the market. Apart from the financial concerns, the local eCommerce businesses don’t have enough experience to learn from and then adapt to new techniques. Despite lack of adaptation from the local eCommerce businesses, the customers do change their service providers. This is one of the indications that not all the customers are satisfied with just one such service provider. It is common for almost all Sri Lankan eCommerce businesses because they are indigenous and have no place to build a business model based upon. They can not simply copy the international businesses and their business models because the circumstances on the ground are not just like what existed while the international players started their businesses.
When you search the Internet, you’d have come throughout many e-commerce websites selling a variety of merchandise. However, there are also many similar websites focusing on selling a specific line of products or services equivalent to apparel, pet accessories, vogue wears, shoes or travel packages. Besides, there are some other e-commerce websites that sell many different merchandise akin to smartphones, cameras, home appliances, household items, sports activities and health items, lamps, laptops, books, and so forth. The latter is something much like a hypermarket where you will discover almost any stuff – you name it, they have it.
So, for example, say have get the idea for creating a eCommerce site that imitates a more well-known eCommerce website akin to (not stealing the site’s structure or format naturally!). In this case, you could locate a turnkey eCommerce company, tell them as to what your needs are (with some helpful examples), have them set up the site to your specifications, pay them, and receive the proverbial keys to your set up eCommerce site that can sell your own niche merchandise. You possibly can even have them help you to set up a url and a domain internet hosting service for a small fee (when it’s not included) for those who need it.
1. Updated website to Website builder, domain name and internet hosting all for one low monthly fee at StoreSecured previously had been hosted by means of , which isn’t a nasty place to start out. Though there was a ton of downtime, and they had glitches like charging customers the improper quantity on their credit 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 again.
The impact of e-commerce has affected everything from the value of doing business to the level of service companies are capable of providing to the methods through which marketing occurs. These changes are not going to disappear; if anything, the challenge will be to stay a step ahead of the shifting nature of technology in order to take advantage of the power and reach afforded by these new marketing venues.