Simply defined, electronic commerce is a system of online shopping and information retrieval accessed through networks of personal computers. E-commerce challenges traditional organizational practices, and opens up a vast array of issues that companies must address.
In assessing the implications of e-commerce in terms of marketing, it is important to understand its impact in respect to marketing strategy formulation. As the Internet, and in turn E-commerce has developed, and continues to evolve and grow, it is vital that any company, in any particular industry, must base its strategic planning around such a rapidly growing medium.
However, e-commerce provides companies with a unique medium to analyze, requiring information relating specifically to its environment. E-commerce ideals place particular emphasis on environmental factors, due to the high rate of change and development it constantly undergoes.
Technology is ever-changing, and as such E-commerce is absolutely influenced by its evolution. Rapid changes in recent technological advances have bought about the Internet and in turn E-commerce, and such dramatic evolution is likely to continue. In terms of strategic formulation, technology is a huge issue that any organization must be aware of when realizing e-commerce's strategic implications. For example, an organization thinking of developing a Web site must be strongly aware of technological issues that pertain to such initiations.
The potential market that the Internet provides has little or no restrictions by either geography or time, and therefore poses a huge impact on any company considering e-commerce in its strategic marketing formulation. Opportunities in e-commerce are enormous, as present growth and development have proved.
The Internet provides a virtual marketplace, providing huge opportunities in the marketing strategies that a company may wish to develop. The trends of internet users and in fact the use of e-commerce in general is extremely valuable information that the company must be aware of. By knowing how the advances of the Internet are being used, a marketing strategy can be focused keeping these ideals in mind.
By having an understanding of users of the Internet and e-commerce resources, the marketing strategy can be further advanced, and tailored in a favorable direction to the company. Various factors make-up the analysis of the consumer when addressing both E-commerce and the more tradition means of commerce. Ideals such as demographics and cultural influences must be identified when assessing the characteristic of any market. It is important that the users of Internet technology are identified, and the relevant consumer attributes understood. In terms of E-commerce, this aspect of the environment provides a basis for how an organization would structure their marketing strategies based on the attributes that make up the general Internet consumer. Only by careful analysis of all these factors can a company build a strong and effective internet marketing strategy.
E Commerce Success Factors
It’s a world of Electronic business or more commonly known as E-commerce where shopping buying selling etc are done online. To have a successful business the e-commerce site owners need to avoid some vital mistakes. Following are few of the guidelines to help the ecommerce sites to do better business.
?Show Trust
Show trust in your customers and do not ask them to register even before they start their shopping. Asking them to do that will put them off and you will end up loosing valuable customers. By asking them to register right at the beginning you are compelling them to buy your goods. It is not necessary that the customer will buy everything he/she puts in the shopping cart so don’t pressurize them .However once they have selected their goods you can ask them to create an account or better still ask them to do so after they have placed their order.
?Don’t mass mail
Many e-commerce site owners think that mass mailing consumer’s world wide will help in increasing their business. Though the idea is good it doesn’t work. Why?? These mails are nothing but spam and no internet user trusts a spam.
?Search engine friendly website
An ecommerce business flourishes only when it gets traffic. This traffic is possible when they get indexed by good search engines. Good search engines only index sites with keyword rich title tag, relevant META tag, and good relevant content.
So make sure your site has all these. Don’t have too many flash images with very little content because search engines fail to index sites with too many images which in turn will hamper your traffic and ultimately your business.
?Fast loading
Ecommerce sites have to load at a faster pace…… that’s how they make money. People using ordinary modems get bored easily if the site takes a long time to load and you end up loosing business. This generally happens if you place big images on the home page of your E-commerce site. So while designing your sites make sure you choose images accordingly.
?Attractive name
Giving your website an attractive name is a smart way of drawing the customer’s attention. For example, Pegasus InfoCorp Pvt. Ltd has designed and developed an E-commerce site known as Rupali online based in UK. This site sells exclusive readymade garments and has been having a huge turnover in the past few years in the UK. The name Rupali is attractive and easy for customers in the UK to remember without many hassles. Not only this but we at Pegasus InfoCorp Pvt. Ltd. have had the opportunity to design and develop various other E-commerce sites like Smartfashions, Smartkiddies wear etc which are also doing a great business in the UK.
?Active marketing
In case of ecommerce sites craving a niche for you in the customers shopping list is very difficult but when done with proper techniques it’s a huge success. Marketing for an ecommerce site is done through following ways:
a.Registration in relevant top most search engines
b.Affiliate marketing
c.Online advertising
d.Online banners.
For the example of Rupali Online given above, SEO team at Pegasus InfoCorp Pvt. Ltd. is responsible for registering the site in the top most fashion related search engines and directories ultimately having the major worldwide traffic sources covered.
Now loaded with this information we at Pegasus InfoCorp Pvt. Ltd. wish all the E-commerce site owners a successful business.
This article has been compiled by the content development team at Pegasus InfoCorp which pulls subject matter specialists from different work domains. They can be contacted through the Pegasus InfoCorp website at info@pegasusinfocorp.com. Pegasus InfoCorp is an India based web design, web development and online/ offline software development company. Please visit http://www.pegasusinfocorp.com to read more articles and know more about us!
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