New Trends in eCommerce
When you hear the term “eCommerce”, what is the first thing that comes into your mind? E-commerce is defined as the trading or buying and selling of services and goods on the internet. E-commerce depends on a lot of basic essentials to carry out e-trading. One of them is the EDI or also known as the Electronic Data Interchange which deals with deliveries, payments, supplies and orders. E-commerce relies on data mining techniques, FAX and emails to gather data of all kind related to the markets and customers.
Product research and market research go a long way in assisting eCommerce to take hold amongst the internet users. The needs for a good eCommerce web store is tested eCommerce platform, database capacity, and connectivity with related extension and applications. Internet security is very much essential. Internet security like encryption of data and secure server links play a key role in promoting confidence amongst the users who adapt to eCommerce. SSL or also known as Secure Sockets Layer has been built into advanced web browsers as the demands for eCommerce grows. E-commerce can be B2B, B2C and C2C and C2B and so on. B2B is between business to business while B2C is the retail store part where the customer and business meet. The bulk of the eCommerce activities is seen under the B2B category that is Business to Business.
In the present time, eCommerce has evolved as a major challenge to the conventional trading methods with the advent of many techniques and technologies. Today, different eCommerce platforms are available to host the web stores on. OS Commerce and Magento are a few of the popular platforms. Magento eCommerce platform has achieved tremendous popularity on account of its flexibility and feature-rich interface. Different secure payment gateways are available today to securely conclude the financial transactions.
With the demand for online transactions growing fast and the synchronized growth of applications for facilitating online transactions, eCommerce is set to reach new dizzying heights of popularity and usage. Offering special offers and promotions to your eCommerce clients is an excellent method of driving additional traffic to your website.