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Ecommerce Information |
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Six Components Of A Good E-Commerce Site
Businesses, which are still sitting on sidelines and not doing business on the Internet, should think seriously about their position! If you are one of them, chances are there, that you have to pay dearly for your indecision as you might lose significant market share to your more proactive competitors in a very short period of time. Apart from the fact that e-commerce is growing at the rate of more than 25 percent a year, the use of online features can bring efficiency to virtually every aspect of business process, be it supply chain management or customer support management. But, how can you build an e-commerce business and take advantages of all these great possibilities? After all, you are pretty sure that anything to do with new technology is complicated, time-consuming, and expensive. Believe it or not, this is just a misconception that most business owners have about the Internet technology. The truth is - in order to run a business online and reap profits, like any new effort, you need to do a little homework, have patience and determination, and get going. Take the following steps seriously and in no time you will be able to embrace fascinating world of online business. Take your products online Getting your product online does not simply mean - having a nice picture and a product narration to go with it. Effective use of the Internet is based on standards. Standards, as you know, are created to facilitate common use of a technology. If you ever imported or exported a product or service, or if you registered your product with some kind of authorities ever; you certainly know that each product falls under certain subcategory according to the classification system that you encountered. Internet is the same thing. Since the emergence of Internet, several classification systems have been developed. If you think long term and would like to use same catalog with multiple e-marketplaces, you should adopt one of the prevailing classification system in the Internet. The best online catalog classification available from my point of view is UNSPSC. For one thing, many prominent e-marketplaces adopted this particular system, which allows you to post your products on multiple e-procurement systems and e-marketplaces. How do you do this? I would suggest you to become a member of one of the e-marketplaces, where you can aggregate your products using some kind of simple wizards or forms. E-marketplaces based on Commerce One's the largest B2B e-marketplace enabler, have this facility. Our own Rusbiz e-catalog system, which is also based on UNSPSC, also allows you to integrate your products using a very simple but sophisticated form. If you do not have time to do it by your own, you can use the service of a B2B exchange. Rusbiz also provides with similar service. Get an online presence What should be your next step once you have all your products transformed into e-catalog? Naturally, you need to have an online presence to sell the products. There are number of options how to do this. Become a member of an e-marketplace This could be a large geography oriented fairly large horizontal market or a vertical e-marketplace specific to your industry. The membership fees are in most of the cases not so expensive. But many of them charge some percentage on your transactions, usually, from 1 to 3 percent. If you expect big sales volume, you may think this might not be the best choice for you. However, if you get new customers, thanks to your mere presence in an e-marketplace, the percentage that you have to pay on the transaction you should consider as customer acquiring cost. Under any circumstances, it is good to become a member of at least one e-marketplace as you -automatically get exposed to thousands of new prospective customers. Build a website There are several ways you can construct an e-commerce site to your need. You can build a website in house by employing developers or you can hire a web development company to do this for you. The advantage is you can have a website with the look, feel and functionality according to your given specification. However, both of these methods could be way costly for a small business. Average cost of building an e-commerce website runs starting from US$ 600 plus hosting and maintenance charges for a miniscule site with limited features to several hundred thousand US Dollars for a powerful e-commerce website. Another option that you have as a small business is to build an e-commerce site from prefabricated templates. While this is affordable and easy, you considerably lose flexibility and customization possibilities in comparison to building a site from scratch. Build a web store All these above mentioned cases do not allow you to have the potentials and advantages that come with an e-business website integrated with a B2B exchange. Which means, whether you are a business to consumer company with occasional sales to businesses or you are a pure play B2B company, a Web Store merged into an e-marketplace is what you need. A web store from a B2B exchange gives you the best of both worlds. You are having a professional e-commerce site which incorporates all the features that an e-marketplace has to offer. And you build a site from simple and easy to edit templates. For a detailed information about the features that come with a web store and benefits that you can get from them, follow this link: Powerful E-business Store About The Author Nowshade Kabir, Ph.D., is the founder, primary developer and present CEO, of Rusbiz.com, a global business to business e-commerce portal with feature like storefronts, aggregated catalog, e-marketplace, trade leads, internal messaging system supply chain solutions, etc. With a doctorate in Information Technology, Dr. Kabir has worked an advisor to government projects and has over 12 years experience in International Trade. An author of many B2B and business related articles; he publishes a bi-weekly E-zine for online business community. You can subscribe to his newsletter free of charge from http://www.rusbiz.com.
MORE RESOURCES: Alibaba, China's E-Commerce Giant, Will Split Into 6 Units The New York Times Alibaba plans to split into six in radical overhaul Financial Times Alibaba will ‘continue to be a dominant e-commerce services company’ despite split, strategist says Yahoo Finance Rokt employee shared blackface photo during company Zoom Business Insider Speaker Spotlight: Tom Funk on growing B2B and B2C ecommerce Digital Commerce 360 Early Warning Unveils Paze, Its Multi-Bank Wallet Aimed at Easing E-Commerce – Digital Transactions Digital Transactions Ecommerce Returns Dispositioning Targeted By Two Boxes Multichannel Merchant Top 15 US Ecommerce Companies Forecast Insider Intelligence 12 New Ecommerce Books for Spring 2023 Practical Ecommerce The Future of Ecommerce: How a Product Becomes a Purchase Andreessen Horowitz E-Commerce Giant Alibaba Will Become 6 Different Entities Crunchbase News GUEST COMMENT: How UK ecommerce sellers can successfully ... InternetRetailing Romanian startup Videowise raises USD 3 mln to further develop its eCommerce video platform Romania-Insider.com Actually, Ecommerce Excelled in 2022 Practical Ecommerce How inflation affects online businesses | Sponsored Content Insider Intelligence Ecommerce Product Releases: March 15, 2023 Practical Ecommerce Ecommerce upstarts navigate pandemic shopping reset Financial Times Ecommerce Product Releases: March 1, 2023 Practical Ecommerce Current Partners With URLgenius to Accelerate Ecommerce Marketplace Traffic for Brands The Herald Journal Facebook's Advantage+ shopping campaigns: Are they worth the ... Search Engine Land Bright Cellars Adopts DRINKS on Shopify to Streamline Compliance and Scale Ecommerce Operations wineindustryadvisor.com Southeast Asia Retail Ecommerce Forecast 2023 Insider Intelligence Finding today’s best B2B ecommerce teams Digital Commerce 360 Vehicle Subscriptions Gaining Traction Practical Ecommerce Snap Partners With Kargo To Develop Offerings For Ecommerce ... MediaPost Communications Temu is seeing unprecedented ecommerce growth—how seriously ... Insider Intelligence Behind Paramount’s Ecommerce Push: A Chat With Consumer Products Chief Pam Kaufman Hollywood Reporter Livestream ecommerce takes off in Latin America Insider Intelligence 4 steps to a better ecommerce strategy Insider Intelligence Ecommerce return rates rose in retail's longest holiday season yet Insider Intelligence The rise of ecommerce in the coffee industry Perfect Daily Grind Costco ecommerce sales drop despite total sales increase Digital Commerce 360 B2B Ecommerce: All the Information You Need Fordham Ram What are the Financing Solutions for Ecommerce? London Post Start an E-Commerce Side Hustle on a Budget Entrepreneur Rolloverstock, a B2B Ecommerce Platform, Is Quietly Making ... BW Businessworld Hot growth at an ecommerce-focused HVAC distributor Digital Commerce 360 E-commerce continues to grow in the EU European Commission Role of IoT in Ecommerce in 2023 Customer Think Ecommerce SEO Trends and Insights for 2023 Entrepreneur 2023 Consumer Trends Impacting eCommerce Profitability Supermarket News Google Suspends Chinese E-Commerce App Pinduoduo Over ... Krebs on Security Vietnam's eCommerce moves towards sustainable development The Star Online What is most important when designed UI for eCommerce? Rebellion Research 3 Ways E-Commerce Businesses Can Continue to Thrive Total Retail Employees at the $2 billion e-commerce startup Rokt once saw a photo of a colleague in blackface during a company Zoom meeting Business Insider Africa Shenzhen wants to become a global live-streaming e-commerce hub South China Morning Post Slowdown in E-Commerce Hitting Logistics Companies' Payrolls ... The Wall Street Journal |
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