E -Commerce
E-commerce describes the practice of selling products and services over the internet. Despite the burst of the ‘dot-com’ bubble in 2001, online trading has become an increasingly profitable market and many companies are turning towards the internet in attempt to generate additional sales.
In 2008 online retail generated in excess of 200 billion dollars in the US alone. Consequently, it is perhaps not surprising that many people are rushing to join the e-commerce boom. The evolution of technology has made it cheaper and easier than ever before to set up an e-commerce website; even the smallest company can install software on a PC, enabling them to sell their products online.
The benefits of online retail must, however, be tempered against the difficulties of operating an e-commerce website in a fiercely competitive marketplace. The problem for many companies who wish to expand into the online markets is that there are already thousands of online retailers, who are more established, and able to sell products at a much lower cost.
Many companies who start up e-commerce websites fail because the simply do not have a proper understanding of how an online retail service should be constructed and managed.
If you wish run a successful e-commerce website, you must follow strict guidelines when constructing your site. The site must then be carefully and extensively marketed to ensure that it is displayed on major search engines, allowing people to find your products, and ultimately buy them.
At Cogent, we can advise you as to the best solution for your e-commerce worries, guiding you away from the pit falls of online retail, ensuring that you have the best chance of financial success with your e-commerce venture.
E-Commerce technology
There are numerous types of different e-commerce packages available to the public with various benefits:
A low cost software package, such as Actinic, might be the best option for small business with a limited product range. This software can be easily uploaded onto your PC and allows you to create basic templates from the comfort of your own home.
A more sophisticated online interface system, such as Magento, is the system that many of the larger e-commerce websites adopt. With this package the e-commerce system is hosted on a remote server and can be accessed through any internet browser, so you can update your site from anywhere in the world, in real time. A benefit of this sort of package is that all your information will be stored on a backend database like MYSQL. Additionally, this e-commerce package can easily be integrated with accounts packages such as Sage.
At Cogent, we will help you to decide on the most effective package for your needs in relation to your backend ordering process, ensuring that you will get the best trade off between value and efficiency.
Things to remember when setting up an E-Commerce site
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