E-Commerce

The 2-Minute Rule for E-Commerce

E Commerce is the use of the internet for the shopping for and selling of goods and services. The other forms of ecommerce are the G2G (Government-to-Government), G2E (Government-to-Employee), G2B (Government-to-Business), B2G (Business-to Government), G2C (Government-to-Citizen), C2G (Citizen-to-Government). These transactions involves mainly with the government, from procurement to submitting taxes to business registration to renewing license. There are still plenty of other categories that exist but then they tend to be superfluous.

5. m-Commerce – It refers to the use of mobile devices for conducting the transactions. The mobile device holders can contact each other and might conduct the business. Even the web design and development companies optimize the websites to be viewed correctly on mobile devices.

One of the other major reasons why eCommerce is going to skyrocket in Sri Lanka in the coming years is that the businesses of the nation which have developed enough to contribute new merchandise to the local market. There have been many restrictions in the last decade for imports. Now that the country has come out of the internal mess, the international businesses are more than welcome there. There have been many foreign business vendors who have placed their merchandise in the market with quite a few successful business stories.

So, for example, say have get the idea for creating a eCommerce site that imitates a more well-known eCommerce website similar to (not stealing the site’s format or format naturally!). In this case, you would locate a turnkey eCommerce company, tell them as to what your needs are (with some helpful examples), have them set up the site to your specifications, pay them, and receive the proverbial keys on your set up eCommerce site that may sell your own niche products. You’ll be able to even have them help you to set up a url and a site hosting service for a small fee (when it isn’t included) if you happen to need it.

Money being allocated for the development of internet security systems is to facilitate the growing 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.

In order to start out Ecommerce what you need is a good web site with complete ecommerce facilities and then search engine optimization of your site in order that it may possibly begin pulling real customers. In spite of the indisputable fact that such systems are already in place, many consumers are nonetheless wary of buying merchandise over the Internet. There are two reasons for this reluctance: (1) Security issues and (2) Purchase behavior habits.

E-commerce can be mentioned to represent the overall business features that are conducted electronically. This may 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 functions online. That is possible with a well designed website.