Five Predictions on E-Commerce in The Brand New Year

E-commerce is the use of Internet and the web to transact business however when we focus on digitally enabled commercial transactions between and among organizations and people involving information systems under the control of the firm it takes the type of e-business. Two essential components to consider when considering good e-commerce practices are functional requirements and non purposeful requirements. Each of these affects the daily operation of the online procurement system. The consumer interacts with each item and their sub compartments throughout each purchase. Purposeful requirements are the expected services provided by procurement systems. Non useful requirements deal with how well the systems work. The difference between the two is important, but they can not operate fluidly with out each other.

The Internet can also be able to chop across all time zones as well as connect people worldwide. With a retail outlet, customers will be constrained by its proximity to where they live and also the hours of operation. Let’s take a look at the first phrase, Focus. Any successful business person, whether it be brick and mortar, or E-Commerce, relied on being actually focused on his or her desires to perform their goals.

The affect of e-commerce has affected everything from the cost of doing business to the level of service companies are capable of providing to the ways by which marketing happens. These changes are not going to disappear; if anything, the challenge will be to remain 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.

On this type of e-commerce business, a consumer posts his project with a set budget online and inside some hours companies reviews the consumer’s requirements and bid on the project. The consumer will then review the bids and select the company that may complete the project. An example of such a company involved on this type of business is Elance.

A technology manager’s job will at all times change while he absorbs new technologies available. One of the biggest obstacles is attempting to entice your target consumer to use your site. An example of this could be present in an article from Design Suggestions magazine in Could 2008. The article focuses on teenagers and online shopping. Even though they don’t have their personal credit cards they nonetheless store online. Teenagers are more plugged in to the net than we realize. As a technology manager you should attempt to keep the interest of the teen consumers to your website. Teenagers are attracted to sites that are hip wanting and offer chopping edge graphics, but in the end they want issues done.

three. Consumer to Consumer (C2C) – It facilitates the online transaction of goods or services between two people. Although there is not any visible intermediary involved however the parties cannot carry out the transactions without the platform which is provided by the online market maker similar to eBay.

For all websites that transfer information online, especially relating to payment, you will need to ensure that the network connection is protected by a Secured Security Layer (SSL). The SSL certificate keeps your website secure from website hackers and will help to construct trust amongst your customers.