E commerce terminologies and fundamentals pdf
File Name: e commerce terminologies and fundamentals .zip
- 130 eCommerce Terms Every Store Owner Should Know in 2020 [Glossary]
- Adoption Of eCommerce Terminology
- E-commerce Fundamentals
Every business and industry has its language. Ecommerce and digital retail are no different. But in the world of startups or small business, you might be wearing many hats: owner, IT chief, and marketer, to name just one possible combination.
130 eCommerce Terms Every Store Owner Should Know in 2020 [Glossary]
Broadly defined, electronic commerce encompasses all kinds of commercial transactions that are concluded over an electronic medium, mostly the Internet. E-commerce covers both business-to-consumer and business-to-business transactions, and is not limited to the purchase of a product. It includes all information or services that a company may offer to its customers over the Net, from pre-purchase information to after-sale service and support. E-commerce can have a very profound impact on corporate strategy because it changes the way a company interacts with its customers, but also its suppliers, partners, employees or investors. E-commerce actors, competition, rules and market-space, as well as evolution speed, are different from the traditional company operating environments. Firms need to adapt and integrate the Net into their business strategy. What are your recommendations for businesses in developing countries that want to increase their export potential using the Internet?
Affiliate — an individual or business who promotes the products or services of another for a commission. Ecommerce sites run affiliate programmes to encourage other website owners to refer traffic, paying a commission on each sale through a given affiliate link. Amazon Marketplace — the largest 3 rd party ecommerce platform, choosing to sell on the Amazon Marketplace can help significantly boost volume through your store. Amazon charge fees on every sale through the Marketplace, and also offer Fulfilment By Amazon, where they handle the fulfilment process for your business at extra cost. Blog — an essential for any ecommerce business, a blog is simply an online log of content relevant to your market. These should be bolted on to your ecommerce site, and most platforms you choose to run your site will have an in-built blogging function, so you can attract both traffic and links to your store. CMS — Content Management System , a back-end interface that makes editing content more user-friendly, e.
Adoption Of eCommerce Terminology
For beginners, competing in the ecommerce space seems like a fairly simple concept. Create or find a product that customers value, provide this product using an ecommerce platform, and finally sit back and watch the money pile up. Seems pretty straightforward, right? Many retailers are deterred from moving to the online marketplace because of the seemingly complex terminology and language used. Many of the terms take on different meanings than their original intention, which can cause a great deal of confusion. For example:.
Online shopping is mainstream. Trust in online shopping is not an issue anymore. The issue is getting your visitors to shop on your website over a competitor's. In order to capture your audience and make the sales, your e-commerce website needs to be current and implement several very important elements. If your store is easy to navigate, you will have a greater chance of making a sale from the start.
There are various eCommerce terms which we need to know to eCommerce Terms Every Store Owner Should Know in [Glossary] An eBook can be published in different file formats like plain text, PDF, Rich Text.
In the age of technology, business models and sales tactics are ever-changing. The internet is no exception to this! Selling trends that emerge today might be best practice tomorrow. If you are looking to break into the digital realm of eCommerce , these are a few terms to get accustomed with to give you a solid starting point. The process of buying and selling online or electronically.
Savvy entrepreneurs diving into the ecommerce world have a lot to learn about this industry. Ecommerce, or electronic commerce, refers to transactions conducted via the internet. The term ecommerce also encompasses other activities including online auctions, internet banking, payment gateways, and online ticketing. The first ecommerce transaction was made in
Many times, having a conversation with an eCommerce professional leaves you scrambling for a dictionary! Businesses new to eCommerce, whether you are a seller, buyer or enabler, should be well-versed in the eCommerce jargon that gets passed around in everyday discussions. Below is a list of the most popular keywords, buzzwords, and phrases used in the eCommerce industry. It is highly important to get acquainted to them to better understand the online world.
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