You may be very glad that your dream of setting up an ecommerce firm has been fulfilled and it’s up and operating. E-commerce brings convenience for customers as they do not have to leave home and solely need to browse website online, especially for getting the products which are not bought in nearby outlets. It might help customers buy wider range of products and save customers’ time. Consumers also gain power by way of online shopping. They are able to research products and compare prices among retailers. Additionally, online shopping often provides sales promotion or discounts code, thus it’s more price effective for customers. Moreover, e-commerce provides merchandise’ detailed information; even the in-store employees cannot offer such detailed explanation. Customers may review and monitor the order historical past online.
Now that you’ve identified a niche and business model, you would possibly be tempted to begin hunting for products to sell. The choice of product you may sell can be both the first step of creating your e-Commerce or the final but it is definitely one of the most vital since it would affect the distribution and logistic stages.
The most populous nation in Southeast Asia by far, Indonesia is still in an early stage of development when it comes to internet, mobile and digital technologies. It is, therefore, one of the most sought-after markets globally for e-commerce, with large local players and international heavyweights preventing for this enormous rising market.
E-commerce will coming soon become Mobile Commerce (m-commerce) because mobile devices are more user friendly than computer. Peoples checking movies details and lots of other useful data on their mobile devices. Many companies accepting payment by SMS payment system. In future Mobile Commerce (m-commerce) will be sales and marketing showcase, educational software for companies.
Just like Teachable, Udemy is another ecommerce platform enabling entrepreneurs to launch online courses. All you have to do is plan your course, record your video lessons, then grow your neighborhood. Business Insider Intelligence predicts that global e-commerce volume will increase from $three.1 trillion in 2018 to an expected $5.8 trillion in 2024.
On the e-Commerce instrument, you can set the payment options to your merchandise including direct deposit, credit card, PayPal, bank slip (to countries where it’s applicable), etc. We remind you it is very important provide a variety of payment options to your client, as long as it doesn’t have a negative influence in your revenue or affects your business logistics.
Ecommerce can be opted for any type of sales or business. It may be for the virtual or physical items. Ecommerce can be business to business (B2B) or business to consumer (B2C). In B2B, the exchange often is of commodities between companies or business groups and in B2C, the business is dealt with individual customers.