E-commerce requires visit of website, selection of products, select a payment mode, realization of money which is done before dispatch and dispatch of goods. In order that consumer may visit particular website, sellers have to advertise about their website so that consumer may visit the website. The consumer decides which websites have to be visited and after getting the information from various sites he makes a choice and decides which one should be purchased. He then places an order intimating the mode of payment which is generally through credit card or e-banking and advise the bank where he has credit card to debit the amount to his account.
After the seller realizes the amount for the goods order he dispatches the goods. In most of the cases whole process takes couple of minutes and goods reaches the consumer within half an hour to one hour if he is a local consumer, it is claimed so by sellers.
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In India in this business Rediff dot com is most popular and sells products worth Rs. The consumer has number of advantages and convenience and therefore the system is becoming popular. Consumer has wider choice not from his town or country but also round the globe unless there are import restrictions.
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Customized or personalized product and service. For instance if some lady wants a bra of exact size, her size can be measured through internet and stored and she will be supplied bra of her requirement. In case of purchase, one is not required to go from store to store to see the products to collect their details, prices etc.
Sitting at home he gets all the required information and that too very fast without spending much time. Website can be opened any time. In physical sales place and distance is also a problem which is no problem in e-commerce because one can see sites all over the world without moving out of the house. Goods are available at cheaper price because there are lot of economies of space, rent, interest to the seller Further, he manages with much lesser number of outlets and cost of marketing is reduced. The net enables suppliers to introduce and promote new markets and new products to meet the needs of individual buyers.
Long distance, travelling and delays, pollution all are avoided because one has not to travel to the shop.
Suppliers, competitors and customers come under one roof through internet websites and massive exhibition of various items is possible. Home Starting a business Information technology IT and internet for start-ups Doing business online: the basics Benefits of doing business online.
The many benefits of online business include: global access, 24 hours a day, 7 days a week improved client service through greater flexibility cost savings faster delivery of products increased professionalism less paper waste opportunities to manage your business from anywhere in the world. Online business opportunities How you manage your business online will depend on the products or services you offer.
You may be able to use the internet to: run an online shop manage your suppliers communicate with your customers, and get their feedback on your business offer services online allow customers to make reservations or appointments online manage your finances, such as online banking, tax and employee pay research competitors.
Future opportunities Keep in mind that your business, as well as the variety of online tools available, is constantly changing and evolving. When you are planning the online aspects of your business, you should: research your competitors and other businesses that use online tools decide what aspects of online business will benefit your business review your budget to work out what you can afford familiarise yourself with any laws and regulations that will apply to your online business activities consider your requirements, including what software you need and what types of computer equipment you need to run it plan for risks, such as computer viruses, scams, data theft and loss of or damage to hardware think about what training you or your staff might need be realistic about the time and budget you will need to manage the online aspects of your business.
Also consider Read how to use social media to market your business.
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Advantages And Disadvantages Of Online Business
Potential for rapid growth - selling on the internet means traditional constraints to retail growth - eg finding and paying for larger - are not major factors. With a good digital marketing strategy and a plan a scale up order fulfilment systems, you can respond and boost growing sales. See planning for e-commerce.
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