E-commerce is an integral a part of the internet at this time and has created an entirely new manner of shopping for and selling. Businesses selling to the general public usually through catalogues utilising shopping cart software. The basic model is to sell the product online to consumers. B2C is the indirect trade between the company any consumers and it provides direct selling via online.
eCommerce is safe! The fears that many people continue to harbour in regards to the security of their data are unfounded in the majority of cases. With its prominence, it would certainly do good for a business to start expanding market through the internet. However, e-commerce can do as a lot good as bad. Expertise for online business transactions are also needed for it to be a success.
1) Merchandise can be of inferior quality or not the same as was advertised or promoted on the seller’s web site. If the high quality is sub-commonplace, the transaction might be considered a “bait and change” which means that what was offered is different from what the customer receives.
When you begin selling products in your e-commerce website, you need to ship the products to your customers utilizing delivery companies. You could choose those reliable ones that have good monitor records in fulfilling shipments within agreed durations and at the lowest available delivery price, as a way to give your customers the best deal as well as maximize your revenue.
In conducting my research, I have researched extensively on the Internet for resources. I chose the Internet as my major research medium because e-commerce is still a fairly new technology. Since it’s technology related, the Internet will provide the most recent information available. Printed publications won’t be able to adapt to changes as quick and efficient as electronic publications. I researched many e-commerce related web sites along with some companies that conduct statistical studies. Some of the e-commerce web sites that I looked into are E-Commerce Times, eRetail, and eMarketer. The statistical research companies that I researched are Forrester Research and Jupiter Communication. Each firms provided valuable statistical information that reveals the rise of consumers shopping on-line and the predicted dollar quantity that can be spent in the coming years.
The rapid expansion of the internet industry brings with it the onslaught of tens of millions of internet users. Different sources contend that there will quickly be over 100 million people utilizing the World Wide Web. About 25% of them are Internet shoppers. To the businessman, the internet is obviously a vital place for potential customers. Not solely can it cater to more customers, it can additionally expand to areas not within immediate reach of the business.