These days E-Commerce is the buzz word. E-commerce can be said to represent the overall business capabilities that are conducted electronically. This could be by means of 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 features online. That is possible with a well designed website.
Fortunately, small e-commerce businesses can take a look at alternate avenues to seed their business progress. Let’s discuss some of them. There are many different types of E-Commerce businesses out there on the big WWW, some are successful, but many are not. This refers to any electronic transaction of products or services between one customer and another customer. Generally, this may take place with the help of a 3rd-social gathering, for instance, Amazon, eBay or Etsy as a marketplace for online selling and buying.
Considering the world market for eCommerce , the Sri Lankan market is pretty small. That is one of the major facts that are in favor of the local players. If it were something like the Indian market with several millions of customers for eCommerce , the local players would have been taken away by the international players. However, the truth is that the Sri Lankan eCommerce market remains to be considered by many international players.
To resolve these problems, a review of the previous may be helpful. When telephone orders were first encouraged by email order companies, people were hesitant because of fears about giving out a phone or credit card number to a stranger they could not see. Now, nearly everyone is keen to provide the info while putting orders on the phone. Also, it wasn’t that many years ago that credit card holders expressed anxiety about numerous store employees stealing those numbers. Initially, customers were instructed to – – take the carbon – – from a credit card purchase to make sure it was torn into shreds in order to prevent an employee from utilizing the credit card number later.
A technology manager’s job will always 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 can be present in an article from Design Ideas magazine in May 2008. The article focuses on teenagers and online shopping. Even although they do not have their own credit cards they still store online. Teenagers are more plugged in to the net than we realize. As a technology manager you have to try to keep the interest of the teen consumers to your website. Teenagers are attracted to sites that are hip wanting and offer slicing edge graphics, however in the end they need things done.
There is lot of potential in Ecommerce. It is the most in expensive method of doing business but it need well planned strategy and patience. It takes years to get your place on the internet and start getting real customers. Some start-up E-Commerce websites seem to believe that their products will sell like loopy, and the people will come if they construct it.
Most likely the most troublesome challenge companies face in the international market is the technical side of the e-commerce site. Software compatibility is a serious technical issue that has not yet been resolved. Countries fluctuate in terms of how they handle e-commerce and these numerous technologies should be merged into one system. Information Technology (IT) people must be involved in every step of an internationalization process.