ECommerce just isn’t new to the world but it is relatively new to Sri Lanka. Third, each site should establish some manner for customers to make payments for the issues they purchase. For consumers, this normally is a credit card system. For business to business operations, payments are normally made via a voucher system. In other situations, a invoice is generated or a computerized billing system is used so that the invoice goes directly to the buyer. In more trusting relationships, the invoice is added to the customer’s records with out a bodily bill ever being mailed.
This refers to any type of electronic transactions of products or services that take place between the seller and the customer. By far, this is a very frequent type of E-Commerce. A lot of the E-Commerce businesses online at the moment are mainly small “Ma and Pa” home based businesses. Yes, that’s proper, the American dream of “Business Opportunities from Home” have skyrocketed and placed a heat glow into the hearts of every entrepreneur.
As a prospective e-commerce business entrepreneur, you need to first decide in your business model that best suits your need and budget. You may either sell your products solely on your online store, or you can sell your products on marketplaces like Amazon, eBay, Etsy, etc. In case you decide on the latter, there isn’t any need so that you can build your personal website. All you need to do is to sign-up for an account and list your merchandise at its marketplace and start selling. You may also choose to sell your merchandise on both the platforms in parallel.
If one’s market is education, consider that the majority universities already offer Internet accesses to their students and most K-12’s will be on the Internet within the next few years. Books, athletic shoes, research courses, youth trend and anything else that will wish to reach these overlapping markets needs to be on the WWW. Even with the coming of the commercial on-line services and their somewhat older populations there will be nothing however progress in the percentage of the under 25 market that may be on-line.
Therefore, it’s highly necessary to set it up properly before the launch of the website; this manner, visitors mechanically learn that ought to they choose to go beyond “looking” and make a purchase, they can easily do so, wherever they may be in the world. Integrating software for e-commerce, expert online marketing agencies declare, is easy enough, but there are strategic methods to make it furthermore advantageous for the business. The digital agencies that the majority businesses flip to can be relied on for best methods of transforming a website into an attractive digital store where all products are displayed beautifully and properly, and buying transactions can be completed with great ease no matter what sort of Web-connecting gadget people are using.
The term E-Commerce, is an acronym referring to “Electronic ‘Commerce” and it is the process of selling and buying of products through an online store. Unlike a “brick and mortar” store, there is no face to face interfacing between the seller and the buyer in order for the transaction to take place.
three. Consumer to Consumer (C2C) – It facilitates the online transaction of products or services between two people. Though there isn’t any visible intermediary involved however the parties cannot carry out the transactions without the platform which is provided by the online market maker akin to eBay.