Electronic commerce is the process of selling products through the Internet. There are two specific segments of eCommerce – Business to Business and Business to help Consumers. Retailers are mostly linked to B2C and import export traders can be more in the B2B industry.You can also search widefitshoes through the internet.
That’s why you need to comprehend that the components of eCommerce you will need in your website will be depending on your business specifics. In common, all eCommerce sites are a mix of some of the following organization functionalities:
An eCatalog so that customers can browse through the products you should offer
Product specification that provides detailed technical and delivery info
A feature that allows sending get quote online (RFQ)
A product order placing system – normally a shopping cart software.You can also search stepcoupons through the internet.
Ability to view order rank
Sending a notification if a whole new product added to the catalogue which was requested by a prospective shopper
At least one payment process. For small orders you must have a merchant account.
Purchase buy sending ability. Buyers should have the ability to send PO for the products readily available or the contracts already negotiated along with you.
Billing system should generate invoices automatically
Once you implemented these features there is certainly virtually no geographic restriction on to sell your products. If you happen to be an export company you may well consider translating your eCommerce site towards the language of your targeted marketplace.
This gives you an extra capability to leverage your sales endeavour.
Features about eCommerce
Increase revenue: By implementing eCommerce you happen to be opening a new sales station.
Study shows, a well prepared eCommerce technique can increase sales from mere 10 percent to several times within the first six month of implementation. We have a possibility that order size per customer will increase thanks to some ecommerce functionalities like advanced eCatalog, Notification service, order status viewing system and capability to offer related products.
Expand clientele: Depending on the exposure of one’s site, you can acquire customers from every corner on the world. You are no extended confined to any geographic location.
Reach niche market segments: You can market your ecommerce site by pin pointing a specific market segment by using the Internet.
Lower operating prices: Your eCommerce site will eliminate or reduce workloads of revenue and support force. Marketing on-line is significantly cheaper than inside offline world. You will also reap the benefits of lower telecommunication costs, losses sustained from document errors, inventory in addition to sales management costs. This may have direct impact on your company financial well being.
Better customer service: The capability to provide decisive information, real time interaction with consumers and customer relationship management functionalities allow you to serve your customers better and help increase customer retention.
Enhance your business image: A well-managed, robust and user-friendly eCommerce site enhances positive image of any company.Online Shopping - The Preferred Way To Shop by Pat Mitchell