46 percent of present Web businesses turn away international orders
The truth of the matter is that pretty much 46 percent of present Web businesses turn away international orders simply because they don’t have processes in place to fill them. As a result, even though the web makes it feasible for a company to sell items in an international marketplace, several businesses are not prepared to go global. In the subscription revenue model, a Web site that offers its users content or services charges a subscription fee for access to some or all of its offerings. For instance, the online version of Consumer Reports provides access to premium content, such as detailed ratings, reviews and recommendations, only to subscribers, who have a choice of paying a $5.95 monthly subscription fee or a $26.00 annual fee. Experience with the subscription revenue model indicates that to successfully overcome the disinclination of users to pay for content on the Web, the content offered must be perceived as a high-value-added, premium offering that is not readily available elsewhere nor easily replicated. Companies successfully offering content or services online on a subscription basis include and eHarmony (dating services), and (genealogy research), Microsoft’s (video games), Rhapsody Online (music), among others.
Together with the appropriate strategy and policy approach with e-commerce enables small and medium scale enterprises to compete with large capital-rich businesses. On another plane, developing countries are given increased access to the global marketplace, where they compete with and complement of the more developed economies. Most of the developing countries are already participating in e-commerce, either as sellers or buyers. However, to facilitate e-commerce growth in these countries based on globalization phenomenal, the relatively under-developed information infrastructure must be improved. Significantly, economic trend of the past decade is the growing use of the Internet for conducting business.
Changing traditional commerce
Yes the internet and web are those technologies which have brought about great changes in traditional commerce. Now you can do shopping anywhere in the world while sitting in your home. Internet has made it very easy for usnow you can browse for any product either you are interested in it or not and can purchase it. Internet has helped in connecting today’s online shopper with any retail or wholesale merchant relate to commerce. Web has also changed the commerce like through web Access to anything; any item is available anytime, anywhere, around the globe.
There is neck and neck competition among different websites to cater to the buyer. Retaining a current buyer is equally as important as creating a new one. In these times one cannot afford a buyer to go to the competitor. For this the buyer has to be facilitated with options at ordering and cost. The website should be having embedded software for shopping cart and exhibit the feedback from the earlier buyers. Tools like PayPal that help in easy transaction of money needs to be used. The facilities provided to the customer can only help at staying ahead of competition.
Doing the business digitally
Electronic commerce is the simple practice of doing the business digitally. What we used to do in the physical world with a hell of barriers and complexities and limitation and lot more is done simply over the electronic devices like the internet. The scope of ecommerce is very broad and it has multiple aspects. Most of the times ,it involves the exchange of the virtual items but involves the exchange and movement of physical products now equally.E commerce covers the multiple aspects of the daily business operations that we do physically. E commerce is just doing the job of innovating the traditional trade practicesIt involves selling and buying of goods over the digital network of internet. All the transactions that are carried out are digital E commerce can be between two businesses or between the end consumer and a business.
E Business is to automate a running business which involves digital transactions between different organizations, within the organizations,between organizations and consumers and between consumers and consumers. E business includes E Commerce as well as it covers organizations internal processes such as product development, risk management, and online sharing of human resources and knowledge. E coomerce provides more profit for businesses but also it is difficult to implement and is more vulnerable to failure risks.
If your customers can find what they want easily, you clearly stand out from the rest. This is where the tiny search box at the top of your site comes into the picture. Not long ago, expectations from this little box were quite low. Today, the first thing users tend to click on, is the search bar. They expect this little search box to not only find what they are exactly looking for, but also guide them in a better way. This search experience that works in favour of your customers can play a huge role in increasing your revenue. However, it is just not your site but also the external search engines like Google who have to find your products. The dynamic ecommerce pages cause headaches as the Google spiders and other external search engines might misinterpret the content on a dynamically generated page. And there is nothing worse than a frustrated customer who has searched for something he wants and is unable to find it even when he knows it is on your store.
Barriers to entry
The Internet has relatively few barriers to entry. Certainly, companies that operate online must often compete with traditional companies in the same industry. However, launching an e-commerce business operation is very possible for may entrepreneurs. Many stay-at-home parents have turned handcrafted hobbies into global businesses thanks to their ability to set up a website and ship goods around the world. These low barriers to entry do also make for a more competitive landscape, though, with many companies often fighting for the same customers.