The process of buying and selling of merchandise or services online is termed as Electronic commerce generally known as E-Commerce. The disadvantages of e-commerce are in truth simple – you don’t see the customer, money is transacted by unsecured processes at times, refunds can be complicated at first, and most of all, online business is only a different language to most people with traditional business experience.
1) Products can be of inferior high quality or not the same as was advertised or promoted on the seller’s web site. If the high quality is sub-normal, the transaction may be considered a “bait and change” which means that what was offered is different from what the customer receives.
All E-Commerce sites have three components. The first is some type of catalog. A catalog can differ from just a few items to a complex presentation of 1000’s of merchandise. The nature of the agency’s operation determines the type of catalog required. In every case, customers should be able to seek out the merchandise of interest. Images and product information are important in creating appealing online catalogs.
Money being allocated for the development of internet security systems is to facilitate the rising volume of online transactions and to counteract fraud. As more organizations shift to doing business online, this trend in e-commerce will continue. Banking systems, government transactions and retail storefronts get fixed attention from hackers with malicious intent. The security initiatives are a natural response to counteract this and to increase consumer confidence in online banking and credit card processing systems.
As a prospective e-commerce business entrepreneur, it is best to first decide on your business model that best suits your need and budget. You possibly can either sell your products solely on your online store, or you may sell your merchandise on marketplaces like Amazon, eBay, Etsy, etc. For those who decide on the latter, there is no need for you to build your personal website. All you need to do is to signal-up for an account and checklist your products at its marketplace and start selling. It’s also possible to choose to sell your merchandise on both the platforms in parallel.
E-commerce can be mentioned to represent the overall business capabilities that are conducted electronically. This will be by the phone, fax, emails and electronic fund transfers. With this definition of e-commerce, it means most business have embraced some type of e-commerce. The problem is that the businesses have embraced the idea at very low scales that they are not reaping enough benefits from it. To make the best out of this relatively new business phenomenon, you need to take it a step ahead by taking all or most of the business functions online. This is possible with a well designed website.
However, I feel we all have to admit that there are plenty of benefits for consumers when it comes to e-commerce. Mainly, no matter where you happen to live the internet permits you the opportunity to purchase what you want or need. It will probably be paid for online and then shipped to you. This is very convenient as you do not have to leave your home to shop. You additionally don’t have to settle for the limited selection of items regionally. If you wish to give a gift that’s very unique you will certainly be able to search out it online.