Category:

E-Commerce Development

E-Commerce

For founders, there are economically interesting opportunities in the growth market of E-Commerce, i.e. through an online shop. But which is the right shop system?  How do I become an amazing Seller?  We introduce you to the topic of E-Commerce and E-Commerce Development Company and answer the most important questions about online trading.

What is e-commerce? (Definition)

The term e-commerce, short for electronic commerce or electronic trade, describes the entire trade on the Internet, including the purchase and sale of goods on the Internet. E-commerce not only includes online shopping, but also other areas of e-business, such as online banking or customer service. In general, however, the term e-commerce is mainly used for online shopping in general usage.

E-Commerce Development Company: How do they work?

If you wish to start an e-commerce store as a founder, then you should consider: Do I create my own online store or do I sell my goods through a marketplace?

Your own shop: With your own online shop you are a lot more flexible as a founder, but you have to put a certain amount of time or money into building the shop. The advantage: you are and remain your own boss and control the entire process. In addition, you do not pay a sales fee to third parties.

Marketplace: Amazon and Ebay together have a 66 percent market share in e-commerce. None of the competitors get beyond 2 percent. When selling through a marketplace such as Amazon or Ebay, you can benefit from its huge customer base and generate revenue from Day 1. However, the marketplace operators earn money with every product sold and make important decisions about the conditions under which they can be sold.

Since both models have advantages and disadvantages, it is advisable to work with a combination of your own online shop and sales through marketplaces. You will undoubtedly find faster customers in the established marketplaces, but most of the money remains in your pocket in the long term in your own shop. It usually takes years until an online shop is established, while you can get started right away in marketplaces. Provided you have a product that is wanted and bought. Products can also be tested very quickly and easily via a marketplace.

E-commerce to support brick-and-mortar retail

The counter retail has suffered for many years under the e-commerce. First, e-commerce was ridiculed as a short-term trend, then cursed by retailers due to its growing market share. In the meantime, however, there has been a rethink in stationary retail: under the technical term “multichannel”, classic retailers are no longer just stationary, but also in e-commerce.

The retailers use different forms of multichannel sales . Some operate on two tracks and offer their goods separately in terms of price and logistics – that is, online and offline. In the meantime, however, it has emerged that a close connection between e-commerce and brick-and-mortar retail is the most economically effective. In this way, the advantages of classic retail can be used by collecting online orders, for example, postage-free in the retail store. Likewise, customers can be lured into the shop, for example, by special offers that they receive online.

Shop systems for successful

If you want to open an online shop , the first step is to choose a shop system. You can choose between a shop kit, a plugin for WordPress or a self-hosted shop software. Since this decision has to be made in the long term, you should take your time with this consideration and inform yourself well.

Shop kit

If you have only a few products and the online shop is only an additional option for your customers, then a shop kit may be recommended. Such systems require no programming knowledge, are quick to set up and cost little. However, they lack flexibility and functionality. And above all: the shop does not belong to you, but to the provider. If he changes his business policy or closes his offer, your shop is at risk.

WordPress plugin

If you are already running a WordPress blog, you do not have to start a completely new project, you can virtually “upgrade” the blog – a shop can be easily integrated using Shopware or open source solutions for WordPress. A good compromise solution, because then the shop is at least integrated on its own website.

Shop software

If you want to sell a lot of products and generate larger sales online, then you cannot avoid professional shop software. A good shop software can be completely adapted from the design, individual functions can be supplemented and all important payment methods can be embedded. If you are technically very fit, you can operate such software at low cost yourself. If the necessary know-how in the field of web development is missing, then external agencies are available to take over the complete technical handling.

Online payment systems

According to various studies, the selection of the right payment method is probably the decisive success factor in e-commerce: If the payment method preferred by the user is not offered, the purchase is often canceled. But which are the online payment systems with the greatest popularity in e-commerce in India?

Other payment systems such as prepayment, immediate transfer or wallet payment play a subordinate role in e-commerce. The use of all these payment methods in your shop enables so-called payment service providers, which act as an interface between the individual payment methods and online retailers in e-commerce.

These payment service providers have different cost models, but the following generally applies: a small percentage of each payment transaction must be given to the payment service provider. Some of the providers have monthly fixed costs. Choosing the right payment service provider is an important step in setting up an e-commerce company and should therefore be done with care: payment systems at a glance.

Advantages of online trading on the corporate and customer side

E-commerce, especially online shopping, of course, offers both companies and customers numerous advantages:

  • Speed: Purchase processes can be carried out and processed without delay; the product arrives very promptly
  • Customers can order around the clock and are not bound by retail opening hours
  • Convenience: Customers can flip through online catalogs at home, browse through shops, choose the desired product and pay for it
  • Overcoming spatial distances
  • Many e-shops offer a 24-hour service; Generally quick response to problems and inquiries
  • Better comparison options between price and product
  • Customer needs are optimally met; high customer satisfaction
  • High efficiency: Online shopping not only speeds up the sales processes, but also minimizes personnel costs
  • Low transaction costs: checkout, inventory and shop systems automatically monitor inventory and cash flow; the establishment of branches may become superfluous
0 comment
0 Google +TumblrRedditStumbleuponWhatsappTelegramEmail
E-Commerce Development

Advertising is part of marketing, as well as marketing activities, from which, it follows that “e-commerce is a system of marketing goods and services using electronic means of communication and E-commerce Development Company helps you in every step.

However, often the term “e-commerce” is identified with the concept of “electronic business”, which is fundamentally wrong. E-commerce is an integral part of electronic business and represents the use of the Internet as an information channel for organizing business processes. Meanwhile, a feature of this concept is that it applies to all economic activities based on Internet technologies.

The main influence on the development of e-commerce was made by several factors. The first is the use of the Internet to transmit data and exchange information when conducting business transactions. The emergence and spread of a global network has fundamentally influenced business and has expanded the boundaries of commercial relations. From this point on, e-commerce has become a significant part of the relationship between economic entities.

Advantages of Ecommerce Development Company

Electronic commerce has been a great opportunity for many Spanish companies. However, there are many Startups that have taken benefits of the advantages offered by the internet to grow and obtain great economic benefits.

Companies like Hawkers or Mr.wonderful are a clear example of this, both electronic commerce and digital marketing have made them a national benchmark.

Advantages of using E-commerce Development Company

Reduce the cost of investment

The investment needed to create an e-commerce is much less than setting up a physical store.

A traditional business, which is not found on the internet, has to face many expenses such as rent, licenses, electricity etc. Remember that all this kind of expenses an electronic commerce does not have.

However, creating and maintaining an online store also has a series of expenses such as hosting, wordpress templates, hiring a marketing agency to carry positioning, web analytics and so on. The difference between one business and another is that cats in a substantially larger online store , so setting up an e-commerce allows you to save a lot on fixed and variable costs.

Increase of the public

An offline store is limited to the geographical area in which your local audience is already located. Nowadays with an e-commerce (electronic commerce), people and products can be bought from anywhere in the world.

We must point out that this is only possible with good logistics, which plays a fundamental role in the survival of the online store. In other words, it is essential to have professionals with excellent training in logistics, such as the one obtained with the postgraduate degree in Logistics and Supply Chain Management .

Less advertising expenses through E-commerce Development Company

Nowadays, those companies that do not have an online store can only be advertised through traditional media such as the press, television, outdoor advertising or radio. This type of advertising is a great expense for the company, since advertising in prime time of any television or radio network is very expensive today.

The alternative to this traditional advertising is online advertising.

However, thanks to online marketing, many companies have reached a greater number of people, offering their products at a low cost. Moreover, loyalty campaigns can be carried out without having to invest any money. The handicap of online marketing is that it takes a lot of time, and sometimes no efforts are obtained immediately, but if the final result is achieved it can be very prosperous.

How E-commerce Development Company Sell ​​24/7 a year

A physical store cannot be open 7 days a week for 24 hours, it is unfeasible because of the amount of expenses that this entails. However, with electronic commerce this is possible.

In online stores you can buy at any time during the 365 days of the year, it does not prevent customers from having a limited time. The annual calculation, this involves a large amount of money for the company in question. In summary, electronic commerce facilitates the proliferation of new businesses and gives many opportunities.

To meet the needs of different companies several websites and E-commerce Development Company stand out. However, to survive fierce competition, a company must have a highly effective e-commerce website design. A well-designed and easy-to-use e-commerce website guarantees high sales and commercial revenue.

E-commerce web applications are increasing due to their high flexibility and ease of use

The development of e-commerce websites helps companies reach their target audience that is based on the international market. This is one of the most important advantages provided by the development of electronic commerce. Furthermore, help any company located anywhere to reach any customer located in any corner of the world.

However, the development of electronic commerce helps a company to make its products and / or services available to potential customers throughout the day. It helps you keep in touch with your customers 24 X 7. Your customers can also take advantage of their services at any time of the day.

E-commerce applications are compatible with SEO. SEO is the backbone of Internet marketing. The development of electronic commerce provides a great exposure to your business, since it is compatible with SEO. It makes your website more visible in search engines. Each potential customer will see their website before seeing their rivals

Conclusion

However, the benefit is that it facilitates the administration of business ins and outs. You can easily track sales reports and understand what your customers are most interested in.

However, E-commerce web development is a concept that was introduced only a decade ago and yet has contributed to the growth in the number of companies. Meanwhile, as people who are at home manage online businesses through e-commerce websites, the economy is experiencing good growth. It helps you improve your business income. The friendly nature of the website helps more potential users to visit your site.

It is the most effective way to market your business at affordable prices. Furthermore, the development of e-commerce websites guarantees high performance with fewer attempts. E-commerce web development is a concept that was introduced only a decade ago and yet has contributed to the growth in the number of companies. However, as people who are at home manage online businesses through e-commerce websites, the economy is experiencing good growth.

0 comment
0 Google +TumblrRedditStumbleuponWhatsappTelegramEmail