E-commerce (or electric commerce) refers to the buying and selling of goods and services via electronic channels, primarily the Internet. Online retail is decidedly convenient due to its 24-hour availability, global reach and generally efficient customer service. Contemporary electronic commerce involves everything from ordering “digital” content for immediate online consumption, to ordering conventional goods and services, to “meta” services to facilitate other types of electronic commerce.
On the institutional level, big corporations and financial institutions use the internet to exchange financial data to facilitate domestic and international business. Data integrity and security are very hot and pressing issues for electronic commerce.
Having a powerful and dependable Content Management System is becoming less of an option and more of a need. Below we’ve outlined 5 of the best Content Management Systems to fuel your eCommerce. Please note that CMS’s like WordPress, and Joomla, Magento although not entirely focused on eCommerce, they offer effective plugins to take care of your basic and intermediate level needs. E commerce link
Magento is a very powerful and fast growing e-commerce script, created by Varien. It is an open-source platform using Zend PHP and MySQL databases. Magento offers great flexibility through its modular architecture, is completely scalable and has a wide range of control options that its users appreciate. Magento link
Whether you are setting up a WordPress store for yourself or are a WordPress developer setting up a store for a client, WP e-Commerce offers the most features and capabilities of any store plugin. WordPress link
PrestaShop PrestaShop is a free, open source eCommerce platform that delivers a wide variety of features such as the full control of your inventory, orders, shipping and tracking, allowing you to manage your business in real-time. This eCommerce platform has a WYSIWYG editing tool for your products and the managing of images. Your online store can be customized at any time, accept PayPal payments, and manage customer based subscriptions. PrestaShop can send payments directly to your bank account, or your PayPal account. PrestaShop link
- A seller lists an item on eBay, from antiques to cars, books to sporting goods. The seller chooses to accept only bids for the item (an auction-type listing) or to offer the Buy It Now option, which allows buyers to purchase the item straight away at a fixed price.
- In an online auction, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days. Buyers then place bids on the item. When the listing ends, the buyer with the highest bid wins.
In a Buy It Now listing, the first buyer willing to pay the seller’s price gets the item.
Buying and selling on eBay is easy and it’s fun. Best of all, you’ll never know what you can find. eBay Link
Customer Relationship Management
The importance of effective customer relationships as a key to customer value and hence shareholder value is widely emphasised. In order to enhance these relationships, the application of IT to marketing through customer relationship management software, e-commerce and other initiatives is growing rapidly. Customer’s trust levels are likely to be influenced by the level of perceived market orientation, site quality, technical trustworthiness, and user’s web experience. People with a higher level of perceived site quality seem to have a higher level of perceived market orientation and trustworthiness towards e-commerce. Furthermore, people with a higher level of trust in e-commerce are more likely to participate in e-commerce.
Supply management is the process of selecting the right suppliers or vendors and keeping on track of orders. To make this process more streamlined the right supply management software can drastically improve the performance of your small business. One major advantage to using supply management software such as the Bizelo eRetail Supply Management App is that it’s completely web based. This means that any employee with access can view all the information they need from any computer and access vital documents and information.