|Merchant Services, E-commerce and Credit Card Processing Information|
What Are The Barriers of Implementing E-Commerce Solutions
What is electronic commerce?
"Electronic commerce is about doing business electronically. It is based on the electronic processing and transmission of data, including text, sound and video. It encompasses many diverse activities including electronic trading of goods and services, online delivery of digital content, electronic fund transfers, electronic share trading, electronic bills of lading, commercial auctions, collaborative design and engineering, on-line sourcing, public procurement, direct consumer marketing, and after-sales service. It involves both products (e.g. consumer goods, specialized medical equipment) and services (e.g. information services, financial and legal services); traditional activities (e.g. healthcare, education) and new activities (e.g. virtual malls)." (European Commission, 1997).
Web commerce transactions are often unprofitable because companies fail to change their back-end fulfillment process. Below are some fallacies, in order of importance:
· Our logistics operation can handle web commerce fulfillment
· We can now sell effectively around the globe
· Our existing supplier relationship will support e-commerce applications
· We are selling over the web so we must be making money over the web
· We can always integrate e-commerce solutions with our existing activities
Critical success factors:
-Target the right customers
-Own the customer's total experience
-Streamline business processes that impact the customer
-Provide a 360-degree view of customer relationship
-Let customers help themselves
-Help customers do their job
-Deliver personalized service
Identifying the barriers in implementing e-commerce:
1. Resistance to new technology
2. Difficulty of implementation
3. Security is an over hyped problem
4. Lack of skills
5. Lack of potential customer connected
Electronic commerce is shaping the way in which business of the future will be transacted. Although e-commerce is relatively recent phenomenon, those companies that are seizing the opportunities it offers will reinforce their market position.
What Does It Take to Make Money Online?
What a loaded question! Let's narrow that down a bit and take it from the perspective of someone who wants to work from home and make money online in a home business. That will make it an easier question to answer. Let's assume you've never had a website, don't know how to get a merchant account, don't know html, and are pretty much stuck with being an expert on sending and receiving email.
What Are The Barriers of Implementing E-Commerce Solutions
What is electronic commerce?
Evaluating Vendors of Ecommerce Fulfillment Services
Once your website has secured an order, you have to fulfill it. While the fulfillment of digital goods is usually handled online, the delivery of physical goods is handled in a "brick-and-mortar" world.
Website Marketing: 10 Resourceful Things You Can Do With A Product That Doesnt Sell
Do you have any product that has not been moving well?
The Essential Christmas Web-store Makeover
Ten great tips to turn online holiday shoppers into eager buyers - and satisfied customers.
Three years ago I was doing some work for a local university helping to redesign an internal website they wanted updated and made more user friendly. When the job was done the person I was doing the job for wanted to use his school issued credit card to pay for my services.
Ecommerce Marketing Plan
Concept of Service
Increasing E-Commerce Website Sales: A Guide for the Online Newbie
Because of this encouraging surge in activity, many individuals are now interested in becoming e-commerce merchants. To profit from your online business, you must first produce a unique website that will intrigue visitors and interest them in your items.
How To Stay Cutting Edge In Online Business
Let's face it, there's just way too much information out there for any one individual to try to keep abreast of. And yet, if we shut ourselves off from the world, we risk building our businesses in a vacuum and suffering on the bottom line. So how can we put structures in place that help keep us plugged in, with the minimal amount of energy and effort on our part? Here's a few tips.
Using Credit Cards Securely Online
Nowadays, shopping online is a very common thing. Making your purchases without leaving your house is an attractive option for many of us. Purchasing items over the internet using your credit card can be quite an unpleasant experience if you don't make sure your payments are safe. Although many people consider that using a credit card for online transactions is not safe, they continue using this method but with increased caution measures. The greatest risk we expose ourselves to when shopping online is identity theft. But this is not the only risk, and various studies reveal that people have also other concerns like: personal information will be sold to third parties, unauthorized recurring transactions, not receiving the ordered products or even higher prices than advertised prices.
Succeed With Your Own Home Based Business
An internet business is by far the best way to support yourself if you just cannot stand working for others for less money than you need to survive. It's also the best way to get out of a good paying job that just takes up too much of your precious short life working for someone else. Let's face it, you probably know someone who has an internet business. Do they look happy to you? Do they complain as much about work and money as you do? Probably not.
E-marketplaces from Sellers Perspective
What is an E-marketplace anyway?
The Lowdown On ECommerce: Making All The Pieces Fit Together
The Lowdown on Ecommerce
How to Generate Cash from Your Web Site
The Internet has changed the way people do business today. Most business owners don't have to rent an office in order to run their business. For example, if you're good in making art works and crafts, you can sell your works through your own online store! It will cost you around $45 to $200/month to operate and an e-commerce store. If you are good in computers, you can start your own computer repair business web site! If you like making chocolate candy, you can sell them through your web site!
Cost Effective Ecommerce Solutions
Ecommerce use to be about spending thousands of dollars on setting up your shop and hundreds of dollars on getting a merchant. My, how things have changed over the years. Now anyone with a few hundred of dollars in their pocket(or less if you have the time to learn it yourself) can have a great working ecommerce system up and running in the matter of days. This also includes the full ability to accept payments from Credit Cards, manage customers, create invoices and more.
Prompt Delivery Rules ? Internet Product Sales
The Internet is the fastest growing source of mail order sales. The explosive growth in the goods and services sold online has in the past taken many online sellers by surprise: demand has outpaced supply, depleting inventories and disappointing customers. This can lead to serious problems with the FTC.
Outsourcing Your Ecommerce Order Fulfillment
When your eCommerce business grows to the point where you can no longer package and ship the orders yourself, it's time to begin outsourcing your order fulfillment. Although all order fulfillment centers offer the same basic services, their individual methods and costs will help you choose one over the other. When selecting an order fulfillment service, keep the following in mind:
ECommerce Scenario in Pakistan
Pakistan with highest growth rates in 1960s and bad politics in 1980s and 90s but, the stage is totally changed in 2000s as the economy is managed by those who once run the most successful Global Financial Houses. Today Pakistan has achieved 8.3% growth rates with highest percentage earning share zone in the whole world. Welcome to Pakistan 2005
A Tale of Two Revolutions - Ecommerce: A Historical Perspective
The World As It Then Was
Is Your Website Credit Card Friendly?
In my last column I discussed the process of credit card enabling your brick-and-mortar business. I pointed out that research has shown that accepting credit cards can help increase revenue and enhance cash flow. I also pointed out that you may have to look beyond your local bank for help in getting things set up. This week we will look at setting up an online payment system for your business website. If you think hooking up a brick-and-mortar location with a credit card system stymies most bankers, try asking them how to do it on your website.
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