eCommerce or electronic commerce envelops all businesses that deal with the paperless exchange of goods, services, and information via the internet. Ecommerce ranges anywhere from business exchanges, consumer based retail sites, auction sites, to media sites and allows consumers to exchange goods and services with limited barriers of time or distance. An ever expanding business that continues to rapidly grow and lessen the line between electronic and conventional commerce.
Business to Business or B2B refers to electronic commerce between businesses or suppliers rather than between businesses and consumers. Many businesses have turned to eCommerce solutions for bartering goods and services, offering more advantages over traditional methods. Ecommerce provides a cost-effective, convenient and faster mode of transfer.
Electronic transactions have been around for some time in the form of Electronic Data Interchange or EDI, which requires a data link set up between supplier and consumer. Ecommerce provides a cost-effective method for companies to set up multiple ad-hoc links. Also contributing to the development of electronic marketplaces where mutual trades are conducted betwen suppliers and consumers. The road to a successful online store can be challenging if unaware of the understandings and implementations of a proper e-business plan. Researching and learning these guidelines will be a necessary part of growing a successful online store.
Shopping cart software is an operating system to allow consumers to purchase goods or services, track purchases, and tie together all aspects of eCommerce. Online shopping carts offer the flexibility of browsing products that fulfill your demand, placing it into your virtual shopping cart, checking out, and completing the transaction through a secure payment process. To build a successful online shopping experience, it is best to find an area of in-demand products difficult to find in department stores. Next step would be to set up a means of accepting online payments, obtaining a merchant account and accepting credit card payments through an online payment gateway. Lastly, will be to plan a marketing strategy to divert traffic onto the site, enticing new and exisiting customers.