ABC company deals in consumer-friendly products and home appliances through their stores located in different areas of the city. In addition to showcasing every item for shopping, it also provides free home delivery services to increase their sale. A while ago, our company struggled to keep up its sale in the tsunami of other companies that provide online shopping options thus, saving the precious time of its customers.
ABC also hired professionals to set up an E-commerce store to facilitate their customers. In addition, it also appointed few sharp employees to learn the basics of an online store and make it successful. I was one of those employees and after a tiring period of 6 months, I learned everything about E-commerce and how it works. I have since been working in the same department and managed to increase the sales of the company.
After working for all these years, I want to start up my own company which provides Ecommerce assistance to clients in the form of a freelancer. I know it is a gain leap, and there are consequences but I am sure that I can manage my own company.
Ecommerce, also known as electronic commerce, is a medium for buying, selling, exchanging services, goods, data, or transfer of funds through an electronic network i.e., the Internet. Over a short period of time, it has changed the idea of generating economics and is completely based on an idea that requires the functioning of millions of data transfer objects within moments. Most common examples of Ecommerce include the functioning of Amazon, data, and other such sites that provides an ease to their customers sitting miles away. It has totally changed the dynamics of shopping and distance.
It functions in a manner that customers or individuals browse through different websites using the Internet. These websites provide the options of services, goods, and other items based on the demand of users. Customers place their orders using their own devices and start a chain of events. The customer’s browser communicates with the server of the online store website and data related to the order will be directed to a central computer, also termed as order manager.
Data is then transferred to a different database i.e., a system that takes care of inventory level, and merchant system that manages payment information, and a bank computer to transfer data back to the order computer.
This transfer of data ensures that inventory level and customer funds are sufficient to further proceed with the order of the customer. After validation, the order manager notifies the store server to display to the customer about order confirmation.
E-commerce business transactions can be of the following types,
Working in the field of E-commerce has its advantages but it is difficult to keep up according to the changing trends. Setting up a business in this field can be very challenging but the difficult task can be achieved by dividing it into small, manageable objectives which are mentioned below,
E-commerce is preferred over other modes due to following reasons,
Every business, be it physical or online, progresses due to continuous efforts and a set of skills that can be used anywhere and anytime. There are no hard and fast rules to achieve success, but it can become easy after acquiring the following skills