The Honest to Goodness Truth on E-Commerce

At this time, more and more people are utilizing the internet to search for nearly everything that they need. Considering the world market for eCommerce , the Sri Lankan market is pretty small. That is one of the major info that are in favor of the local players. If it were something like the Indian market with several hundreds of thousands of customers for eCommerce , the native players would have been taken away by the international players. However, the truth is that the Sri Lankan eCommerce market continues to be considered by many international players.

Therefore, it is extremely essential to set it up properly before the launch of the website; this way, visitors robotically learn that should they choose to go beyond “wanting” and make a purchase, they can easily accomplish that, wherever they may be in the world. Integrating software for e-commerce, expert online marketing agencies declare, is easy enough, but there are strategic methods to make it furthermore advantageous for the business. The digital agencies that the majority businesses turn to can be relied on for best methods of reworking a website into an attractive virtual store where all products are displayed beautifully and properly, and purchasing transactions can be completed with great ease no matter what sort of Web-connecting gadget people are utilizing.

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

Despite being similar in nature, as both involve buying and selling, there are differences between the two. E-commerce is possible solely when we have the internet connectivity, however speaking about M-commerce, we don’t require any internet connectivity. By means of M-commerce it’s now possible to do Video conferencing even in places where there isn’t any internet. E-commerce not only requires internet connectivity but additionally the consumption and usage of electricity whereas there is not any such requirement with M-commerce. Even a layman can do M-commerce compared to E-commerce however nonetheless, using M-commerce costs more than utilizing E-commerce.

The second issue has strong ramifications regarding the ultimate success of E-commerce. Currently, many customers are most comfortable when they buy merchandise at retail stores. Some are additionally comfortable buying by way of catalogs. It can take time to change these habits, especially the preference for retail shopping.

It’s well recognized by the Sri Lankan companies that the future of Sri Lankan eCommerce business is very positive and hopeful. Some people at the higher management levels from these companies suppose that it is only a tip of the iceberg now. There is way to be experienced in the future.

Is it value to have Ecommerce for all the businesses? No, this is not true. Ecommerce is only viable for those businesses, which are prepared to cross the boundaries and are not limited to a specific local area. This will be a small retail store selling sweets to a huge multinational company selling medicines.