Hub You
#1 in Business Subscribe Email Print

You are here: Home > Internet and Businesses Online > Ecommerce > The Fundamentals of E-commerce Success

Tags

  • shopping
  • think
  • store online
  • business create
  • online storefront

  • Links

  • Reward Credit Card Can Measure Up Well
  • Property Market Remains Resilient
  • Closing Costs - What You Pay When You Close On Your Mortgage
  • Hub You - The Fundamentals of E-commerce Success

    The First Step To Realizing Your Ebusiness Dream
    Malcolm S. Forbes spoke directly to the entrepreneurial heart when he stated, "The biggest mistake people make in life is not making a living at doing what they most enjoy." A passionate commitment to pursue one's interests builds the foundation of so many small businesses. No matter how resolute business owners are in achieving success, Forbes and many entrepreneurs have failed to realize that passion alone will not produce a thriving company. Many have turned to the Internet and e-businesses as their first step towards independence.The Internet has matured since the 1990's. It has grown and evolved into a mecca of self-employment possibilities for anyone willing to add a little elbow grease. Along with all the positives of this new Internet era came a boat load
    ebsite is a full-time job.

    4.Who will build your site?
    One of the biggest myths about e-commerce is that anybody can build and run an online store. The truth of the matter is that anyone can build and run a store online, but only a select few can do it well. There are many online store builders, shopping cart programs, and hosted applications that let you build a site and start selling your products online, but realistically you get what y

    Are Lay-offs the Only Option?
    Corporations have many constituents. But they seem to play to only one audience – the investment community or Wall Street. Any business is made up of workers, supervisors, managers and executives. They also have customers, suppliers and in many cases dealers or distributors. They have facilities in cities, towns and communities. Some have factories and others have only offices. But the fact is that all corporations touch the world they operate in beyond the narrow confines of where they raise money through investors – or Wall Street. So why do almost all corporations decisions revolve around how Wall Street will react? Are there alternatives?What is the problem?Most corporations can track performance to a “gnat’s eyelash” but do not spend time understandi
    Many retail business owners are being pressured into setting up shop online. But is this a realistic expectation or is it an exercise in futility. There are some very important key questions that have to be answered before considering the move to online sales.

    1.Are your products conducive to mail, phone or online sales?
    You might think that every product can be sold online and, to some degree, you would be correct. However, should every product be sold online? The answer is no. Many products just don't sell well online because they are not conducive to impulse purchases, the demand is low, or the product itself has a long sales cycle. Given that most people will be making purchases online using a credit card, the products or combination of products should be easily purchased with a credit card that has a limit of $1,000 to $5,000.

    2.Are you prepared to sell your products online?
    This may seem like a very basic, but it will validate your motivation to succeed online. If your motivation to sell online is driven by a belief that “everyone else is doing it and so should I” , then you should serious consider the implications of selling online. Once you have made the mental decision to sell online, you can begin to formulate your strategy for doing so.

    3.Do you have the resources to sell online?
    Are you prepared to handle five, ten, a hundred, five hundred orders a day? Do you have the staff to fulfill orders, manage online customer service, and make updates to the website. Do you plan on doing this work yourself? If so, have you considered the impact this decision will have on the rest of your business? Create a plan that sets definitive goals for your online storefront, as you would for any business opportunity. Remember, managing a successful e-commerce website is a full-time job.

    4.Who will build your site?
    One of the biggest myths about e-commerce is that anybody can build and run an online store. The truth of the matter is that anyone can build and run a store online, but only a select few can do it well. There are many online store builders, shopping cart programs, and hosted applications that let you build a site and start selling your products online, but realistically you get what yo

    Call Center Outsourcing
    This is the age of globalization. The vast earth is no longer unfathomed. We can reach every corner of the earth within a few hours due to excellent modern communication. A person sitting in India can talk to another person sitting in Canada. The revolution in telecommunication has brought the people of different parts of the world closer. Taking the advantage of this revolution, the large multinational companies thought to make profit in their business in a new way. They started to outsource a part of their business in other parts of the world where the manpower is efficient and cheaper. The developing countries like India, China, Mexico, Philippines were the obvious choice as there is no dearth of talent and cheap manpower here.China, Singapore, Philippines, Taiwan to
    roduct be sold online? The answer is no. Many products just don't sell well online because they are not conducive to impulse purchases, the demand is low, or the product itself has a long sales cycle. Given that most people will be making purchases online using a credit card, the products or combination of products should be easily purchased with a credit card that has a limit of $1,000 to $5,000.

    2.Are you prepared to sell your products online?
    This may seem like a very basic, but it will validate your motivation to succeed online. If your motivation to sell online is driven by a belief that “everyone else is doing it and so should I” , then you should serious consider the implications of selling online. Once you have made the mental decision to sell online, you can begin to formulate your strategy for doing so.

    3.Do you have the resources to sell online?
    Are you prepared to handle five, ten, a hundred, five hundred orders a day? Do you have the staff to fulfill orders, manage online customer service, and make updates to the website. Do you plan on doing this work yourself? If so, have you considered the impact this decision will have on the rest of your business? Create a plan that sets definitive goals for your online storefront, as you would for any business opportunity. Remember, managing a successful e-commerce website is a full-time job.

    4.Who will build your site?
    One of the biggest myths about e-commerce is that anybody can build and run an online store. The truth of the matter is that anyone can build and run a store online, but only a select few can do it well. There are many online store builders, shopping cart programs, and hosted applications that let you build a site and start selling your products online, but realistically you get what y

    Is IP The Most Cost Effective Choice For Your Business Communication Applications?
    Too often a business assumes that IP based solutions are the best choice to satisfy their communication requirements. Particulalrly with convergence issues. But....don't get caught making a hasty decision. There are viable options...and factors to consider before making a final choice.One of the problems with convergence is protocol, starting with IP.While we tend to think in terms of Internet and IP, there are alternatives. Dedicated circuits come to mind, followed by frame relay. One option that hasn't gotten much exposure but may offer some real advantages is gigabit Ethernet via fiber optics. The fiber overcomes the distance limitations associated with Ethernet. Ethernet allows for layer 2 switching versus IP based routing. From a private network perspecti
    ?
    This may seem like a very basic, but it will validate your motivation to succeed online. If your motivation to sell online is driven by a belief that “everyone else is doing it and so should I” , then you should serious consider the implications of selling online. Once you have made the mental decision to sell online, you can begin to formulate your strategy for doing so.

    3.Do you have the resources to sell online?
    Are you prepared to handle five, ten, a hundred, five hundred orders a day? Do you have the staff to fulfill orders, manage online customer service, and make updates to the website. Do you plan on doing this work yourself? If so, have you considered the impact this decision will have on the rest of your business? Create a plan that sets definitive goals for your online storefront, as you would for any business opportunity. Remember, managing a successful e-commerce website is a full-time job.

    4.Who will build your site?
    One of the biggest myths about e-commerce is that anybody can build and run an online store. The truth of the matter is that anyone can build and run a store online, but only a select few can do it well. There are many online store builders, shopping cart programs, and hosted applications that let you build a site and start selling your products online, but realistically you get what y

    Introducing Business Power Words - Free Marketing Lessons
    In the last lesson we talked about the importance of leadership in marketing. Let's take a closer look at what that means when you're communicating to your prospects and customers through ads, letters and other marketing collateral.Magazine ads lose effectiveness after 90 days and the average person forgets 80 per cent of what they've read or seen within 30 minutes. So there are good reasons for prodding and urging every person who reads your ads to take immediate action Friend: They probably won't remember you after a few minutes! You must grab them by the throat (figuratively!) and shake them up a bit! Instill in them a sense of urgency and a sense of pain if they don't respond.How do we do that? ... Words.The power of words.Don't believe in the p
    to handle five, ten, a hundred, five hundred orders a day? Do you have the staff to fulfill orders, manage online customer service, and make updates to the website. Do you plan on doing this work yourself? If so, have you considered the impact this decision will have on the rest of your business? Create a plan that sets definitive goals for your online storefront, as you would for any business opportunity. Remember, managing a successful e-commerce website is a full-time job.

    4.Who will build your site?
    One of the biggest myths about e-commerce is that anybody can build and run an online store. The truth of the matter is that anyone can build and run a store online, but only a select few can do it well. There are many online store builders, shopping cart programs, and hosted applications that let you build a site and start selling your products online, but realistically you get what y

    Top 10 Reasons to Start Blogging
    "What's blogging?" you ask."Where have you been?" I reply...just kidding, of course. Blogging has been around for quite some time, but there are still a few of us who are just getting started on it. A blog, which is a shortened version of the words "web log," is basically an online diary, resource and commentary. It generally contains links to other blogs, websites and informational resources. And it has the ability to "ping" sites to get you more exposure.I've been doing a blog for Marketing Idea Shop for a few months now. In it, I give my readers various resources, information to help their businesses, and links to websites that I find interesting. I also link to other people's blogs whenever it makes sense. And I answer P.R. and marketing questions that my rea
    ebsite is a full-time job.

    4.Who will build your site?
    One of the biggest myths about e-commerce is that anybody can build and run an online store. The truth of the matter is that anyone can build and run a store online, but only a select few can do it well. There are many online store builders, shopping cart programs, and hosted applications that let you build a site and start selling your products online, but realistically you get what you pay for with most of these services. Consider hiring a company who specializes in developing online commerce sites for you. The result will be superior to a home grown site and will ultimately result in increased credibility and sales.

    5.What is your budget?
    Get quotes from a variety of vendors. You will find that the quotes you get back will range from a few hundred to tens of thousands of dollars. A reasonable amount to budget for your new website is around $10,000 for a full build out including custom web design and software, and ongoing server and maintenance fees of about $300 to $500 per month. When you consider your budget, take into account that the more you spend upfront, the less likely you will be to change the site. On the Internet, keeping your website fresh and updated is crucial to your credibility.

    Now that you have answered the fundamentals, you will want to ensure you take the following steps to get your online store set-up correctly and efficiently:

    1. Set-up an Internet Merchant Account
    This is a must. You may be tempted to use Paypal, 2Checkout, or some other low cost online payment solution, however, in the end, when your site becomes popular and you start generating significant revenue, you will find that the discount rate you pay with a true merchant account will be much less. Although there is a little more work involved in setting up an Internet capable merchant account, your credibility, not to mention your payment tracking, will be greatly simplified.

    2.Purchase a Secure Certificate
    This is also a must. Securing your site is mandatory in order to avoid possible issues with credit card theft. All merchant account providers will require you have a secure certificate installed on your server before they issue you the acc

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.iadvice.info/article/61293/iadvice-The-Fundamentals-of-Ecommerce-Success.html">The Fundamentals of E-commerce Success</a>

    BB link (for phorums):
    [url=http://www.iadvice.info/article/61293/iadvice-The-Fundamentals-of-Ecommerce-Success.html]The Fundamentals of E-commerce Success[/url]

    Related Articles:

    Best Practice Guide for a Sales Lead Generation Campaign

    Small Business Opportunities - Make Money Fast In Costa Rica!

    How to Start an Online Business - Part One

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com