ecommerce

Why eCommerce Works in This Changing World

ecommerce

Everybody will agree that electronic commerce or eCommerce is a mainstream way of doing business. All major organizations have their own websites and engage in online sales of products and services. Even small and medium-sized businesses have learned to tap the virtually-limitless potential of the Internet to reach their intended markets.

eCommerce is basically about the sale of goods and services, and transfer of funds, through an electronic network such as the Internet. While earlier versions of eCommerce existed years earlier, the 1990s is considered to be the period when online trading flourished due to consumers having more access to the Internet. It was also during this era that online retail giants Amazon and eBay started operations. A small trivia: Amazon is said to have started in a garage selling books.

eCommerce Equals Accessibility

Some people prefer online shopping for a variety of reasons, foremost of which is accessibility. Retailers’ websites are available 24/7 (24 hours a day seven days a week) and may be accessed at any hour of the day. Most are user-friendly, a feature that developed from past experiences by businesses with complicated and tedious site designs.

Perhaps a significant component of accessibility is its international reach where people from different parts of the globe gain unlimited access to the virtual stores. The full strength of 24/7 operations of online stores comes to fore from its ability to service customers from various time zones unlike some grocery stores in Calabasas.

A natural consequence of the global reach of eCommerce is the virtual elimination of cross-country business barriers and their attendant bureaucracies in international trading.

Friendly Web Designs

Web designers for online sellers implement standard features in their designs to make websites more accessible to consumers. The attention given to accessibility is well-grounded because millions of visually-impaired individuals use the Internet too. Sellers whose websites are easy to navigate will garner a bigger customer base. Towards this end, a well-designed website usually contains a content link at the very top of the page, audio options and absence of time limits within which to complete specific actions.

Of course, there are always apparent downsides to everything, including eCommerce. The primary complaint against online shopping is inability of the purchaser to personally examine the product before buying it. Buyers are therefore forced to rely on product descriptions and warranties by the sellers. For the impatient shoppers, the unavoidable delays from purchase to shipment and eventual receipt of the product is another negative point of eCommerce.

Maximizing the Benefits

People who have products to sell and want to sell them online have to take into account these pros and cons of eCommerce. Successful leveraging of products and services necessitates knowledge of different aspects of eCommerce in order to maximize their advantages and minimize the disadvantages. If you believe that you can get the best out of your products and services through an online store, then you should start right away.

Are all these efforts and expenses associated with http://thetrailerboy.com/utility-trailers/ worth your money and time? Definitely yes. There are numerous reasons to make eCommerce a financially-viable platform to invest in.

why ecommerce

Practical Ways to Attract Customers to your eCommerce Business

You have set up your very own online store selling products that you personally handpicked and perceived as having the most potential to appeal to shoppers. Creating an eCommerce business is, however, only the start. Your primary purpose is to generate sales by bringing customers into your store to view the products and ultimately make a purchase. The task is not as daunting as it may sound if you understand these essential facts about eCommerce.

Personal Interest. Putting up an eCommerce business entails a lot of hard work and preparation. A vital element of success in business is personal interest from the owner on the nature of the business. If you love cooking, selling ingredients and kitchen utensils will suit you, even kitchen extensions london would be great. This requirement also applies to eCommerce.

Pricing. Know the best prices for your products. Pricing an item too low hurts your Return on Investment or ROI. A price tag that is too steep will keep away bargain hunters and the average buyers.

Shipping Costs. Customers want to buy items online, but they do not want to pay for shipping charges. You can become more competitive by offering free shipping, but shouldering the shipping cost will reduce your profit margin. Find ways instead to incorporate shipping cost to product prices then offer free shipment. Your products will look more appealing to customers.

Foreign Products. You have more chances to sell your products if they are not locally available. Local stores are your competitions even if you are an online retailer. Look for and trade in merchandise that are not yet widely distributed by physical stores.

Suppliers. If you do not produce your own products, finding the right manufacturer is crucial in the success of your eCommerce business. The suppliers must not only be offering reasonable prices that give you wide margins for profit from resale but must be reliable in observing delivery schedule too.

Analyzing Amazon. A good way to jumpstart your business is by emulating today’s successful eCommerce businesses. Learn from one testimonial and you have a guaranteed formula for success. Just what did Amazon do that made it the online retail giant that it is today?

Product Variety. Amazon sells practically everything that consumers would need. You name it and Amazon has it. Other online sellers offer the same product range but Amazon presents more than mere merchandise variety, and that is customization.

Personalized Approach. Amazon does not only sell its products to visitors; it personalized the way it offers the items for sale. Its homepage shows its featured products as well as special offers and promos. Previous visitors will also receive relevant recommendations for other products of interest. The result: you get the feeling that you are a special customer and not just one of its thousands of visitors.

Technical Efficiency. The sheer technical innovation and massive technology employed by Amazon easily dwarf the eCommerce processes used by normal online retailers. Of course, Amazon has the technical know-how and financial capacity to do this. Its eCommerce architecture is patented down to the smallest details. While you may not be able to employ all these expensive technologies on your sites, you can adopt at least the principles behind the infrastructure.

Invest in your own ecommerce store here: https://www.shopify.com/domains

ecommerce

Advantages of Starting Your Own Business in eCommerce Now

Two of the biggest eCommerce players today are Amazon and eBay, where people go to buy and sell a wide variety of brand-new and second-hand items. You can search on these sites practically every consumer product from the latest mobile phones to hard-to-find vintage computer parts. Other online retailers concentrate on specific niches for their businesses such as Spotify, which currently reigns over the music streaming market.

The enormous success enjoyed by these online businesses proves there are concrete financial advantages from engaging in eCommerce, most of the time these industries succeed thanks to agencies like the one from iwumeiti.com that advice them. So if you have specific products or services in mind and want to maximize your market reach, an online store could be the best option for you.

There are several tangible benefits from conducting your business through eCommerce including the following:

  • Low starting costs. You save on hundreds of dollars from paying monthly filling out a rental application for a physical store. You will also be needing less personnel to operate your business, which drastically lowers overhead expenses.
  • Flexibility. When you have to innovate to conform to the latest trends or adjust the prices of your products to reflect economic changes, you can easily do this with an online store.
  • Wide reach. This actually counts for one of the biggest advantages of eCommerce—the ability to reach a large number of potential customers.
  • More Product information. You can provide enough description on a particular item on your online store to give buyers the desired information before deciding to buy any product.
  • Hard Statistics. With search engine optimization (SEO) and other online marketing tools, online store owners have hard data to refer to in measuring the effectiveness of their marketing strategies, that’s why you need rental management in Jacksonville FL.

Once you have your online shops organized and running, the next important step is marketing the products to reach as many potential customers as possible. An apparently viable marketing move is to imitate other online sellers, and that is selling your products through the established gateways. But is this really an optimal business decision? Let us consider some of the consequences when you list your products through Amazon and eBay, or use the services of PayPal in processing payments.

Amazon Cuts

Retailers use Amazon.com to sell their products for bigger market exposure. Amazon gets a percentage for each sale (10% to 15%) in addition to subscription or listing fees. A sales channel called Amazon Advantage generates 55% commission for every sale. Hence, if you decide to have your products sold at Amazon.com, be prepared to pay considerable percentage fees and commissions, which means less money going into your stores.

There is also a system called customer tracking at Amazon.com. The site collects data from every registered user and recommends products to users based on their past transactions. If you are just one of several hundred retailers at Amazon.com, your customer data may result to purchases but you have to compete against the other hundreds of stores offering similar products as yours.

EBay Charges

EBay charges a $0.35 insertion fee for items within a specific price range. Once somebody bought the listed product, you will have to pay eBay a final value fee based on a percentage of the final price.

PayPal Fees

PayPal charges fees from the payment’s recipients. Merchants or sellers also pay a fee for every transaction coursed through PayPal. In addition, money placed in PayPal accounts earn interests that PayPal collects.

Save Money

Using the services of existing eCommerce providers costs money. The money that you spend on them is money that does not go to your cash registers, and money that you could use to bring in more customers to your store. Know that there are effective ways to attract customers to your site, you just need to know what these are.

What if you didn’t have to work tomorrow?

Hello my friend,

Can you imagine staying at home – spending time with your loved ones
And — Still not having to worry about where the money for the bills is coming from?
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Full-Time Stay At Home Parents (Job Free)
Skype: cesar8ramirez

P.S. It’s time to fulfill your New Years Resolution of creating More Time and More Money in your pocket. Join us Live Thursday 7pm Pacific: http://www.elitedropshippers.com/hangout?refid=109

 

The Elite Drop Shippers Live Webinar

Hello Future Diamond,

Last night we were having a pretty emotional hangout. My wife ends up calling me by
“accident” during my webinar but I don’t believe in accidents because it was perfect timing. She shared the story on how just a little over 3 years ago we were struggling living paycheck to paycheck and now we’re doing a little bit better. :-). I wanted you to hear all about it and most importantly come hear the students that have been blessed with this information because we decided to have an abundant mindset and share this information.

2 words: Community rocks when its fed with awesome leadership. We are grateful for you being on our list and watching our story go from hitting rock bottom broke joke, to doing a lot better.

Watch the replay because we want YOU to be our next success student:

Here’s the repaly of the webinar: http://youtu.be/cDxLcWQ1ysQ

Because today is my 10 year anniversary you may not hear from me the rest of the day as Xochitl doesn’t want me working… But I’ll be doing a special training for new students Sunday Night, so get the details in that replay webinar.

Regards,
Cesar Ramirez
P.S. If you missed the link in the webinar to get coached and trained to be our next success student, you can get the details here: http://www.EliteDropShippers.com/letsgo