E Commerce and Business Start Up

E commerce and Business generate up Throughout the evaluation process of a potential brisk idea and in the development of new marketing strategy E-Commerce inescapably to be continually assessed. E-Commerce offers the entrepreneur the opportunity to be very notional and innovative its importance is indicated in the continually increasing amount of both(prenominal) communication channel to business and business to costumer e-commerce sales. It increase on the annual basis, according to com Score Networks, total Internet business reached to $214. 4 one thousand million in 2008, an increase of 7% in network business as comp ard to 2007. The $214. Billion was composed of $130. 1 billion Non travel sp poleing and 84. 3 billion Dollars travel spending. Video games, consoles and accessories together was the fastest growing categories conventional of 29%, sport and fitness items 29%, event tickets, 13%, consumer electronics 9%, app bel and accessories 4% and travel spending increase by 7% as compared to 2007 over 2008. Factors that facilitated the growth of e-commerce are wide spread intention of PCs, the adoption of intranet in companies, the acceptance of internet as the business communications platform and faster and more secure systems.Numerous benefits such as Access to broader customer base, lower info dissemination cost which fill out the volume of E commerce. Using E-commerce Creatively E-commerce is mostly use by most corporations to increase their marketing and sale channels. The internet is especially for microscopic and medium sizing companies as it enables them to minimize the marketing costs era reaching broader markets. An entrepreneur starting an E commerce venture inescapably to address the same strategic and tactical questions as any separate entrepreneur, but some new specific issues are faced because inlet of new technology used in E-commerce.An entrepreneur should decide whether should do in house or out sourcing for an inter busine ss. In sequel of in house operations there are computer servers hardware, software package as well as support services are included. And in case of outsourcing entrepreneur can buoy hire web developers to design the beau mondes web pages and upload them on the internet through ISP. In this case the entrepreneur main task is to regularly update the data on the web pages another option is that to purchase the software from the local anaesthetic market. The correct decision b/w in-house or outsourcing depends on the size of the business.The 2 major components of internet business are Front end or Back end operations. Front end operations are the websites functions, attempt options, secure payments, shopping cart. The biggest mistake usually make by the companies is that they believe that the attractive website secure their business, which leads them to underestimating the natural covering end operations. The integration of back end and front end operations represents the greate st challenge for doing internet business and at the same time provides an opportunity for developing a sustained competitive advantage.Websites Entrepreneurial firms mostly use websites, about 90% of small businesses today have operating websites, but majority of them are not capable of operating new websites. A good website should be easy to use. In developing a website one should keep in mind that who is the audience? What are the objectives of the site? What do you want to costumers when they yack away the site? In addressing these questions one should effectively organize the website. This requires that the material should be fresh and updated on regular basis.Another most important feature of the website is the search capability it should be easy to find information about the products and services, which can be accomplished by advance search tools and subject browsing. separate functions that should be available are shopping cart, secure server connection, credit card paymen ts and customer feedback. Speed is the characteristic of a successful website. trailing costumer information The motivation for tracking costumer information is to grab costumer attention care must be taken in doing so to follow the laws protecting the privacy of individuals.Doing E-commerce as an Entrepreneurial partnership For online business one should take care of several factors first the product should be delivered economically and conveniently. Fresh fruits and vegetables for individual consumers are not charm for long distance deliveries and online sales. Second the product should be interesting for large no of people. Thirdly online operations should reduce the cost. And the 4th one that beau monde can easily draw costumer to its website.