Some field experts would consider all business deals and activities that are being conducted utilizing modern Telecommunication and Information Technology methods as E-commerce. 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, study courses, youth fashion and anything else that would need 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 growth in the percentage of the under 25 market that can be on-line.
There is another form of ecommerce which is the B2E or Business-to-Employee ecommerce. Here, companies are using internal networks to offer their employees merchandise and services online. It might not be necessarily online on the Web. On the flipside, however, companies who DO NOT adapt to the e-commerce revolution end up wanting small and irrelevant – regardless of how huge they are.
To your online store, you must have a few payment options in place in your customers. Most e-commerce store builder platforms already have features to let you easily set up the payment gateway. The customer ought to have choices to make payments through PayPal, credit card, debit card, online wallets, Internet banking, etc.
Quick processing- Blockchain technology for e-commerce is removing the dependency of middleman, manpower and third party organizations from the e-commerce model. It saves numerous time consumed in the overall process starting from inventory managing, to order putting to delivering at users door step.
Unlike regular stores where in customers have to exhaustively stroll, or drive to, and is just limited to people inside the vicinity, online stores can be visited in the comfort of your personal home by people anywhere and everywhere. Online stores are a great means of reaching a whole lot of potential customers, especially now with the rapidly rising Internet usage. Now that more and more people are going online, more and more are buying off the Internet.
I’ve talked about the power to serve the world with a e-commerce resolution. How about one’s neighborhood? If one is located in San Francisco Bay Area, the Raleigh NC area, Boston or New York, there is probably enough local customers with Internet access to make it price one’s while to consider Web marketing. A neighborhood Palo Alto, CA restaurant even takes lunch orders by means of the Internet! However no matter where one is, if the huge client has Internet access, one should be there too.
Considering the world market for eCommerce , the Sri Lankan market is pretty small. That is one of the main information that are in favor of the local players. If it were something like the Indian market with several hundreds of thousands of customers for eCommerce , the local players would have been taken away by the international players. However, the reality is that the Sri Lankan eCommerce market remains to be considered by many international players.