Web Store - Why Do You Need One?
Internet has opened a new era of business opportunities. Each day, thousands of new consumers are joining the Internet. More and more companies are adopting Internet as their primary sales and distribution channel. According to Forrester Research -The survey of 130 U.S. companies indicates consumers spent $76 billion shopping on-line in 2002. This represents a 48 percent increase over 2001, and projections for 2003 come close to $100 billion, representing 4.5 percent of total retail sales.
As a business you probably understand that in order to stay competitive you must integrate ecommerce to your present business strategy. A little research will show you that there is an extensive array of technology and solutions for enterprise and web store building available in the market. You also perceive that ecommerce sites can cost you from a mere couple of hundred bucks to hundreds of thousand of dollars. How to choose something from so many options that will exactly fit your present need?
Although, this might look like a daunting task, a little preparation will definitely help you taking the right decision in your quest for an appropriate ecommerce solution. To understand your requirement better and create a proper ecommerce strategy, you have to ask yourself a number of questions. Below I jotted down some of the questions that, hopefully, will spur your imagination.
If building an ecommerce site from scratch feels too overwhelming to you and you are a small business, my suggestion is - to build a web store with one of the providers similar to Yahoo, Bigstep, Rusbiz etc.
The web stores that you can build directly on the Internet have all the necessary features like shopping cart, product catalog and payment gateway as any regular ecommerce site. In most of the cases, you construct web store online from templates and easy-to-use editor and you hardly need to know html or other script languages.
You can order your Web Store from Rusbiz right now.
The benefits of using a web store that you can build online are enormous.
Quick to build: If you have all the materials handy, you can build a web store within a day.
Easy in use: You don't have to be a rocket scientist to build a fully functional ecommerce site. Step by step procedures of making pages from templates allow anybody to create a professionally looking web store in no time.
Affordable: Although, some of the providers charge commissions on your sales, as Yahoo does, in most of the cases your expenses are less than US$ 100 a month to have a good web store.
The only disadvantage you have with this kind of web stores is you might not be able to give the customized look and feel to the site as you intend to. Then again, once you start generating enough sales through your web store, if you must, you can always build an ecommerce site by hiring web design companies.
If you are still hesitant in starting online business using web stores I would suggest you to read the following eventual benefits that you may have from ecommerce.
Increase your sales & profits
If you are a brick and mortar company, online commerce will definitely increase your sales and with it profits.
Enhance your company image
Today, even small companies understand the importance of having a website. Planned, sophisticated and professional website creates positive image of the company and help building brand name.
Reduce costs and save money
If required features are available on the website practically all business processes are possible to carry out on the Internet, which allows you to reduce overhead costs, costs incurred due to documentary mistakes, document processing costs, etc.
Improve customer service
Frequently Asked Questions pages, forums, Internal Messaging Service, chat lines, etc. all these features help you effectively running your customer service.
Become a global player
Thanks to the reach of Internet you are no longer confined to a certain geographical boundary any more. You can sell products to any place of the world 24 hours a day.
Add sales channels
By joining e-marketplaces and B2B exchanges you can significantly increase the number of sales channels available to you.
Reduce supply chain cycle
If you automate supply chain processes through Internet, you will be able to shorten the entire cycle from months to days. You will be even able to eliminate certain phases of your supply chain process.
Market products and services
There are numerous ways of getting traffics on your site and popularize your products. In fact, you can get more people in your web store than it is physically possible to accommodate in a bricks-and-mortar shop.
Compete with large companies
On the Internet you may successfully compete with the behemoths of your industry and even curve market shares out of them.
Low start-up costs
Normally, starting a brick and mortar business requires significant cost involvement. On the Internet - opposite is true! To start a business online you hardly need any major investment.
No entry barrier
As you know, many businesses in real world are tightly controlled by certain groups. On the internet there is no such barrier! Anybody can start any business of his choice.
No need to close existing sales channels
By adopting Internet as a sales channel you do not loose anything as your web store only complements existing sales conduit.
If you are new to ecommerce world, I would advise you to go slow! First create a plan with long term and short term objectives. Try implementing your plan gradually. Make sure that you do not spend too much money on your initial ecommerce project. Remember! Over 80 percent of all software projects do not finish in time within the budget; and do not work as planned!
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.
How Artificial Intelligence is Shaping the Future of eCommerce Robotics and Automation News
Ecommerce industry’s Black Friday performance hurt by inflation Digital Commerce 360
Black Friday 2022 e-commerce reaches record $9.12B, Thanksgiving $5.3B; BNPL and mobile are big hits - TechCrunch
Black Friday 2022 e-commerce reaches record $9.12B, Thanksgiving $5.3B; BNPL and mobile are big hits TechCrunch
10 Last-minute Holiday Revenue Boosters Practical Ecommerce
The Key to Reimagining E-Commerce Micro-Fulfillment Supply and Demand Chain Executive
Ecommerce Brands Raised Money During The Pandemic But Are At Risk Now That Consumer Spending Is Down. - Forbes
Ecommerce Brands Raised Money During The Pandemic But Are At Risk Now That Consumer Spending Is Down. Forbes
Quantifying the global e-commerce slowdown TechCrunch
Leading retail companies in the ecommerce theme Retail Insight Network
Turmoil for Chinese Ecommerce and Tech Companies Practical Ecommerce
How can Magento Ecommerce Elevate your Online Business? Data Science Central
Logistics Automation Global Market Report 2022: Booming eCommerce Industry Fuels Growth - ResearchAndMarkets.com - Business Wire
Logistics Automation Global Market Report 2022: Booming eCommerce Industry Fuels Growth - ResearchAndMarkets.com Business Wire
Ecommerce Product Releases: November 2, 2022 Practical Ecommerce
The State of eCommerce: Pre- and Post-Pandemic (2022) Influencer Marketing Hub
World's First eCommerce Metaverse Fashion Mall, Avatly, Launches Using Cutting-Edge Technology - MarTech Series
World's First eCommerce Metaverse Fashion Mall, Avatly, Launches Using Cutting-Edge Technology MarTech Series
TikTok Launches eCommerce Feature in US PYMNTS.com
Ecommerce Applications Are Not As Safe As You Think, Researchers Have Alerted Frenzy Black Friday Sales - Digital Information World
Ecommerce Applications Are Not As Safe As You Think, Researchers Have Alerted Frenzy Black Friday Sales Digital Information World
Century 21 to Relaunch with Enhanced Ecommerce and Fulfillment Capabilities Retail TouchPoints
The 9 Pages Your Ecommerce Website Should Include Entrepreneur
How To Succeed in A Competitive Ecommerce Industry Entrepreneur
Breaking up with Best Practices: How to Distinguish Your Brand in a Competitive Ecommerce Landscape - Retail TouchPoints
Breaking up with Best Practices: How to Distinguish Your Brand in a Competitive Ecommerce Landscape Retail TouchPoints
Aldi tests ecommerce platform, aims to create new delivery service Supply Chain Dive
Global eCommerce Transactions Expected To Grow 15% During 2022 Holiday Season, Showing Optimism - Business Wire
Global eCommerce Transactions Expected To Grow 15% During 2022 Holiday Season, Showing Optimism Business Wire
Retail and eCommerce news from the week beginning 14 November 2022 - Enterprise Times
Ecommerce Flourishes in Latin America Practical Ecommerce
The wave effect: Why B2B ecommerce needs IT voices at the table Digital Commerce 360
Top 4 factors influencing consumer trust on Ecomm platforms India Retailing
Grocery e-commerce sales fall 3% in October Grocery Dive
AirTank Announces CareCart - a First-of-Its-Kind eCommerce Platform Built Exclusively for the Healthcare and Medical Technology Sectors - Business Wire
AirTank Announces CareCart - a First-of-Its-Kind eCommerce Platform Built Exclusively for the Healthcare and Medical Technology Sectors Business Wire
10 Ecommerce Tips To Reduce Abandoned Carts By SafeOpt Search Engine Journal
Who's acquiring who? M&A activity related to ecommerce increased by 1% in the retail, wholesale & foodservice industry in Q3 2022 - Retail Insight Network
Who's acquiring who? M&A activity related to ecommerce increased by 1% in the retail, wholesale & foodservice industry in Q3 2022 Retail Insight Network
Scarce City Launches Bitcoin ECommerce Platform SatsCrap Bitcoin Magazine
Redefining ecommerce democratisation a glance at government’s revolutionary ONDC initiative - Times of India
Redefining ecommerce democratisation a glance at government’s revolutionary ONDC initiative Times of India
Amazon gets fresh ecommerce challengers right before the holiday season Insider Intelligence
Who's hiring who? Hiring activity related to ecommerce decreased by 5% in the pharmaceutical industry in Q3 2022 - Pharmaceutical Technology
Who's hiring who? Hiring activity related to ecommerce decreased by 5% in the pharmaceutical industry in Q3 2022 Pharmaceutical Technology
The boom is over for eCommerce retailers; a flatter holiday shopping season will be the start of a new online model, says Amplience CEO - Yahoo Finance
The boom is over for eCommerce retailers; a flatter holiday shopping season will be the start of a new online model, says Amplience CEO Yahoo Finance
15 Biggest E-Commerce Companies In USA Yahoo Finance
ACI Worldwide and NTT DATA Collaborate To Boost eCommerce Growth in Europe and Latin America - Business Wire
ACI Worldwide and NTT DATA Collaborate To Boost eCommerce Growth in Europe and Latin America Business Wire
How AI is improving ecommerce sales by analyzing product images for audience relevance - VentureBeat
Customer experience and the cost of living: how ecommerce brands can do more with less - Charged Retail
Customer experience and the cost of living: how ecommerce brands can do more with less Charged Retail
Black Friday: What are the key ecommerce players doing? Charged Retail
Global e-Commerce Market to Hit Sales of $58.74 Trillion By 2028 | E-commerce Market Has Come a Long Way, Still Need to Overcome Some Challenges - GlobeNewswire
Global e-Commerce Market to Hit Sales of $58.74 Trillion By 2028 | E-commerce Market Has Come a Long Way, Still Need to Overcome Some Challenges GlobeNewswire
Photon Energy Group Launches B2B eCommerce Platform Business Review
China to set up pilot zones for cross-border e-commerce in 33 places, including less developed areas - Global Times
China to set up pilot zones for cross-border e-commerce in 33 places, including less developed areas Global Times
3 Top E-Commerce Stocks to Buy Right Now The Motley Fool
Eight reasons your business needs an e-commerce website — Retail Technology Innovation Hub - Retail Technology Innovation Hub
Eight reasons your business needs an e-commerce website — Retail Technology Innovation Hub Retail Technology Innovation Hub
PayPal-backed Israeli e-commerce platform connects to Amazon, aims to triple clients - The Times of Israel
PayPal-backed Israeli e-commerce platform connects to Amazon, aims to triple clients The Times of Israel
Analysts See This Alibaba Rival As Structural Share Gainer In China's eCommerce Industry - Yahoo Finance
Analysts See This Alibaba Rival As Structural Share Gainer In China's eCommerce Industry Yahoo Finance
How B2B Payments Enhance the E-Commerce Industry Association of Equipment Manufacturers (AEM)
How omnichannel retail fulfilment can revamp e-commerce experiences The Financial Express
Is This Little-Known Company the Next E-Commerce Powerhouse? The Motley Fool
IwocaPay integrates with WooCommerce to offer B2B buy now, pay later to ecommerce businesses - Finextra
IwocaPay integrates with WooCommerce to offer B2B buy now, pay later to ecommerce businesses Finextra
Want to wear designer wear? An e-commerce portal is offering affordable pre-loved Indian clothing - mid-day.com
Want to wear designer wear? An e-commerce portal is offering affordable pre-loved Indian clothing mid-day.com
Data Bill may not lead to India joining e-commerce deal at WTO Business Standard
How to Sell to China Through E-Commerce Platforms China Briefing
#BlackFriday Interview: Combatting Rising Attacks on E-Commerce Payments Infosecurity Magazine
Angelica Nwandu, The Shade Room Founder, Launches New E-Commerce Platform To Amplify Black Businesses - Forbes
Angelica Nwandu, The Shade Room Founder, Launches New E-Commerce Platform To Amplify Black Businesses Forbes
Majid Al Futtaim Lifestyle extends lululemon agreement to launch ecommerce - Majid Al Futtaim Lifestyle extends lululemon agreement to launch ecommerce - Majid Al Futtaim Lifestyle extends lululemon agreement to launch ecommerce - ZAWYA
Majid Al Futtaim Lifestyle extends lululemon agreement to launch ecommerce - Majid Al Futtaim Lifestyle extends lululemon agreement to launch ecommerce - Majid Al Futtaim Lifestyle extends lululemon agreement to launch ecommerce ZAWYA
Intel Startup Program-backed NeuroPixel.AI is helping fashion e-commerce become more inclusive with customised virtual try-ons - YourStory
Intel Startup Program-backed NeuroPixel.AI is helping fashion e-commerce become more inclusive with customised virtual try-ons YourStory
Ecommerce provider ESW expects 2022 revenues of €1.5bn Business Post
The E-Commerce Logistics Market is expected to reach € 13Bn in 2026F owing to the increased Wide Range of Products, Payment Options, Easy Returns, and Comfort of shopping from Home to the Buyers: Ken Research USA - English - USA - PR Newswire
The E-Commerce Logistics Market is expected to reach € 13Bn in 2026F owing to the increased Wide Range of Products, Payment Options, Easy Returns, and Comfort of shopping from Home to the Buyers: Ken Research USA - English - USA PR Newswire
Why Ecommerce Is the Future of Business Entrepreneur
Merchant Account Insider Secrets - Accept Credit Cards Online
The process of learning how to accept payments on the Internet is similar to the course of figuring out how to launch a business. What at first seems puzzling and intimidating may be viewed as straightforward and easy to understand if one has the right guide or manual.
Are You Making These E-Commerce Excuses? (part 1)
A year ago, I had big plans to re-vamp my web site. I was going to publish my e-newsletter twice a month - every month, and I was going to upgrade my own e-commerce capabilities.
Top Ten Qualities to Look for in an Online Pharmacy
As you may have noted, there are thousands or even hundreds of thousands of websites selling pharmaceutical products or drugs. These are called ONLINE PHARMACIES or PHARMACIES ONLINE.
How to Write a Landing Page
Is there a difference between writing a landing page and any other web site page? Yes and no. But mainly, yes.
How To Stay Cutting Edge In Online Business
Let's face it, there's just way too much information out there for any one individual to try to keep abreast of. And yet, if we shut ourselves off from the world, we risk building our businesses in a vacuum and suffering on the bottom line.
How To Accept Credit Cards Without a Merchant Account
To increase sales on your website, you must accept credit cards. To process credit cards, you could apply for a merchant account through your bank or other financialinstitution.
Credit Card Merchant Account Basics
Knowing which credit card merchant account to get can be very confusing. There are thousands and thousands of banks, merchant account providers and third party sales teams that can offer you all kinds of incentives.
The Origins of E-Commerce
What is the Internet?In order to provide a discussion on the Internet it is essential to provide a short description on what the Internet actually is.Put in the most basic of terms the Internet can be described of as a massive collection of computers that are sited around the world and that are connected together in order to create a huge network that allows information to be collated and shared by millions of people.
Website Marketing: 10 Resourceful Things You Can Do With A Product That Doesnt Sell
Do you have any product that has not been moving well?Would you like to learn what to do with it?Here are website marketing secrets to help you:1. Sell the reprint/reproduction rights to the product.
Keep Your Customers Happy by Organizing Your Payment Options
Anyone using a slow, or an awkward payment processor had better wake up!There are some very slick ways to transfer money around the globe, in todays, lightning fast world, both your customers and your suppliers demand payment in the click of a mouse.The processing companies have been fiercely competing with each other for years now, every so often, they revamp and recalibrate.
How To Accept Credit Cards Online
Anyone with an online business, whether for auctions,services, or virtually any type of product, has asked thesame question at some time during their quest to createthe ultimate online business - "How do I accept creditcards?"Since over 90% of all transactions on the Internetinvolve customers paying by credit card, acceptingplastic money rates a must for almost any business.The problem for most small online business ownersinvolves the high cost of setting up and maintaining acredit card merchant account.
10 Tips To Build, Manage And Profit From An E-Commerce Website
Just because you've built your e-commerce website doesn't mean the customers will begin to come. You need to bring in the visitors, showcase your products, convince them to buy, and bring them back yet again to make any significant gains.
Grow Your Business Using B2B Emarketplace - Part I
If you are a small to medium size company and selling or planning to sell products and services over the Net and still did not try out emarketplaces, you are simply loosing a great opportunity!Research firm eMarketer predicts that worldwide B2B ecommerce revenues will surpass US$ 1.4 trillion by the end of 2003.
Creating Legal Framework for E-commerce Taxation; non-tax statutes
We have to make amendments in existing substantive and procedural laws to make it compactable with changing technological advancement of e-commerce?Amending Contract Act, 1872I recommend the amendments in section 3 and 4 of contract Act 1872 so as to make the compactable with section 13, 14 and 15, of the electronic transaction ordinance 2002 related with attribute of communication, acknowledgement of receipt and time and place of the communication between the parties. Either additional section should be added for acceptance device of 'electronic communication', or words be added in matter connected with electronic communication relevant section 13,14 and 15 be evoked while interpretation of section 3 and 4 of contract Act 1872.
Old Habits Die Hard in the Third Age Years
I spent a lifetime in retailing and I'm still at it in retirement; albeit virtually.You know how it goes.
Guide To Safe Online Shopping
Online shopping can be a little frightening to people who are new to the internet,but as long as you follow a few easy rules you should have no problem shopping online.What are the rules ?First before buying from an online store find out what that online stores return policy is.
Intranet Portal - Business Case ROI
The days of easy money are overIn these post-dot-com days of the 21st Century, the hype attached to IT is well and truly over. The modern Board is deeply suspicious of large IT projects with questionable benefits and a long-term payback period.
12 Powerful Ways To Use Autoresponders That Will Take YOU To The Top
If only I had known that autoresponders are a necessity to your online business when I first ventured online, I would have saved a lot of time and money. You have to automate in as many areas as possible and if used responsibly, autoresponders can be your best friend.
Using Drop Shipping for E-commerce
Thanks to the ubiquity of the internet, online virtual businesses have become very popular business opportunities. Online retail stores are gradually playing a more important role in our lives than the traditional 'brick-and-mortar' retail shops.
To conduct business on the Internet, whether informal, one-time only transactions between two friends, or a full-fledged business selling products or services, payment arrangements have to be made. Before 1998, this often meant either checks sent through snail-mail, or very expensive, and often hard-to-obtain, merchant accounts for online credit card processing.
|home | site map|