The impact of e-commerce on the global economy is far-reaching. Considering the world market for eCommerce , the Sri Lankan market is pretty small. This is one of the major facts that are in favor of the native players. If it were something like the Indian market with several thousands and thousands of customers for eCommerce , the native players would have been taken away by the international players. However, the reality is that the Sri Lankan eCommerce market continues to be considered by many international players.
Third, each site must establish some means for customers to make payments for the things they purchase. For consumers, this usually is a credit card system. For business to business operations, payments are normally made by way of a voucher system. In other situations, a invoice is generated or a computerized billing system is used in order that the invoice goes directly to the buyer. In more trusting relationships, the invoice is added to the customer’s records and not using a bodily bill ever being mailed.
There is another type of ecommerce which is the B2E or Business-to-Employee ecommerce. Here, companies are utilizing internal networks to offer their employees merchandise and services online. It could not be necessarily online on the Web. On the flipside, however, companies who DO NOT adapt to the e-commerce revolution end up trying small and irrelevant – regardless of how huge they are.
2) Items offered on the internet might require an electronic transaction to complete the purchase. When the seller receives the buyer’s credit card info, they can then use that to their advantage. If they have intentions of committing a prison act, they can use the card info to make other purchases for themselves.
Another factor seems to be rising confidence that consumers have when it comes to purchasing online. At one time people were nearly scared to enter their credit card details into a computer, however now this is common practice for many people. It isn’t necessary for any E-Business to be bodily present in the business world. If a company has an office, along with its bodily presence and conducting its business activities over the Internet, then it could be termed as E-Commerce.
When one goes out to the supermarket or store to purchase an item, many other prices are really shouldered aside from the cost of the item. First among them is the value of travel from the home to the store. Another cost would be time misplaced for opportunities to earn more. If one engages the services of e-commerce, then these costs are definitely avoided thus making for financial savings for the individual.
The sooner you possibly can respond to your customers’ queries, the better on your business. Having an online chat feature in your business website will make it a lot easier in your E-Business to fulfill that need. E-brokers are an integral a part of the monetary market. They provide their services through the Internet.