E-Commerce

The Chronicles of E-Commerce

ECommerce is not new to the world however it is relatively new to Sri Lanka. You may benefit from extremely fast delivery too so if you have postpone shopping or simply didn’t remember something coming up that isn’t a problem. It might price you a bit more to get it there in a few days however most of the time it will be value it when you see the look of appreciation on the face of the person who has received it from you. If they are dwelling far from you, simply order it online, have it present wrapped and then delivered to their doorstep! Not sure what to get someone? No problem, you may also send them gift cards to their email account for them to redeem later.

People are moving from a 3rd world status to a more advanced standing. The lifestyles of people are altering dramatically. For a country that was affected by internal conflicts for over half a century, the literacy rate is surprisingly high at ninety two percent. That is another important factor that makes eCommerce more than possible. These people are moving in direction of a more technologically advanced lifestyle. Also the global impression of technology has made it possible for people to hold the entire internet literally in their arms. People can just place an order online from their phone while they are travelling. Someone might not be wealthy enough to personal a automotive in this country but they still place an order while travelling in a public transportation bus.

Quick processing- Blockchain technology for e-commerce is removing the dependency of middleman, manpower and third occasion organizations from the e-commerce model. It saves a variety of time consumed in the overall process starting from inventory managing, to order placing to delivering at users door step.

A lot of the buyers for corporate organizations are young and have an unlimited exposure to computers. This consumer will need to explore websites that are interesting as well as informative. Some of the key rules listed include: present prices upfront, allow sort preference, offer want lists, do not require registrations and a speedy checkout. With any procurement system the easier the product is to understand the better the consumer can make their decision. If the information in the description won’t answer the consumer’s inquiry then the product will be over looked. Many merchandise offered business to business should be specific in their description. There is a fine line between fulfilling the fundamental data and flourishing the description with an excessive amount of technical data.

Shopping carts also considered as vital e-commerce mechanism. These are specially design software that enables online viewers to buy and purchase products on a website. If this component is carefully designed then it helps in to carry more business to the e-commerce business. The shopping carts ought to provide a user friendly interface which enable online customers to purchase merchandise without much issue.

Though the Terms of Use used by many websites are comparable they are not a “one-size suits all” resolution. Each e-commerce business has a unique relationship with its customers which should be reflected in its Terms of Use. Moreover, Internet contract legislation differs from jurisdiction to jurisdiction and changes over time, as more courts are called upon to interpret and enforce these agreements.

It is quite true that the market has not been reached by the local players. In actual fact not even five percent of the market has been reached by all local players combined. Inside the reached market, around ten percent is covered by the international players. What this means is that although the international companies are not giving considerable effort to keep targeting the Sri Lankan market, they nonetheless have an affect on it. One reason for this trend might be the spreading of Sri Lankans who live all around the world. These people have a worldwide presence so that makes them to order products by internationally identified eCommerce businesses to be sent to their friends and household back in Sri Lanka. This in turn gives exposure to the locally residing people who then begin persevering with.