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Turn $10k Into $1m in 3 Years – Vital Tips For ECommerce Success

Turn $10k Into $1m in 3 Years – Vital Tips For ECommerce Success

The E-commerce world is one of the most profitable industries to be involved in, however the great rewards on offer have lead to immense competition. A quick search of online shops on Google reveals hundreds of stores selling the same thing. Some insider knowledge along with careful planning and dedication is all you’ll really need to become successful.

The best part of Ecommerce is the small capital needed to get going compared with the unlimited potential turnover. An initial investment of $10,000 can result in an annual turnover of $1,000,000 + in just 3 years. This may seem a difficult task, however this guide offers some handy tips that will help you reach this goal!

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eCommerce Web Development: Mistakes Significantly Impacting Your Entrepreneur Endeavors

eCommerce Web Development: Mistakes Significantly Impacting Your Entrepreneur Endeavors

The prospect of getting an eCommerce store developed is tempting, to say the least. Touted as the proverbial money-spinner, an eCommerce platform is fast becoming a serious part of our shopping experience. As per reports, in the year 2013, around 40-41% percent of people had shopped online. The figure is well poised to touch 46% in the year 2017.

A Few Words About eCommerce Development

Development of eCommerce platforms is no walk in the park. Mistakes along the way can significantly affect your entrepreneurial fortunes. No amount of discount or sales can help you if you do not have a user-friendly site or for that matter if your contact information is not easily visible. Here is a lowdown on the major eCommerce development mistakes that you should avoid at any cost.

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Starting An Online Business? ECommerce Solutions – The Conclusion

Starting An Online Business? ECommerce Solutions – The Conclusion

Over the past few weeks we have covered the various aspects of setting up an online business and what a business owner needs to create to become successful with their ecommerce solution. Operating any business is hard work offline or online, so by managing both, the business owner takes on the responsibility of dictating offline and online strategies to best suit their business.

By going over the various guides that I have previously created, the business owner will have an online plan of what it takes to operate a successful online business. There are a few extra points that I would like to state that will encourage a business to start trading online, whether it be using ecommerce software or finding a web development company.

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Negative Effects of E-Commerce

Negative Effects of E-Commerce

E-commerce can be a great way for a small businesses to increase their sales and widen their reach. It’s also convenient for consumers, who can buy at their convenience, without having to leave their homes or spend the day fighting queues at the shopping mall to pick up the best deals. However, e-commerce also has negative effects on both consumers and retailers that must be kept in mind before launching an online shop.

Privacy

It is easy to collect a lot of personal information from a consumer using an e-commerce website, sometimes too easy. Since all online transactions are recorded, it’s relatively easy to create an online profile of the buyer, and use that to send targeted advertisements. However, many will agree that this is an intrusion on a consumer’s right to privacy, and it’s something that is heavily regulated on many countries. This means small businesses aiming to establish an online presence using e-commerce need to be aware of the legislation that applies, as mistakes can be costly both in terms of fines and customer trust.

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E-Marketing and E-Commerce in the Pharmaceutical Business

E-Marketing and E-Commerce in the Pharmaceutical Business

If chemical e-Marketing is slowly but surely gaining momentum, then Pharmaceutical e-Commerce is still in its infancy. I haven’t seen as many mistakes and bad moves anywhere in the B2B field as with pharma. Unfortunately, many companies are taking the completely wrong approach in employing or subcontracting cross-industry e-Marketing professionals to handle this very complicated and specific field.

There are not many real specialists in this area (I have heard stories from them that when applying for positions within the industry, they are often faced at interview by someone with no idea of pharma-specific problems whatsoever.

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E-Marketing and E-Commerce in the Pharmaceutical Business

E-Marketing and E-Commerce in the Pharmaceutical Business

If chemical e-Marketing is slowly but surely gaining momentum, then Pharmaceutical e-Commerce is still in its infancy. I have not seen as many mistakes and bad moves anywhere in the B2B field as with pharma. Unfortunately, many companies are taking the completely wrong approach in employing or subcontracting cross-industry e-Marketing professionals to handle this very complicated and specific field.

There are not many real specialists in this area (I have heard stories from them that when applying for positions within the industry, they are often faced at interview by someone with no idea of ​​pharma-specific problems whatever.

read more


Negative Effects of E-Commerce

Negative Effects of E-Commerce

E-commerce can be a great way for a small businesses to increase their sales and widen their reach. It’s also convenient for consumers, who can buy at their convenience, without having to leave their homes or spend the day fighting queues at the shopping mall to pick up the best deals. However, e-commerce also has negative effects on both consumers and retailers that must be kept in mind before launching an online shop.

Privacy

It is easy to collect a lot of personal information from a consumer using an e-commerce website, sometimes too easy. Since all online transactions are recorded, it’s relatively easy to create an online profile of the buyer, and use that to send targeted advertisements. However, many will agree that this is an intrusion on a consumer’s right to privacy, and it’s something that is heavily regulated on many countries. This means small businesses aiming to establish an online presence using e-commerce need to be aware of the legislation that applies, as mistakes can be costly both in terms of fines and customer trust.

read more


OpenCart: The High-End ECommerce Solution to Build Online Stores

OpenCart: The High-End ECommerce Solution to Build Online Stores

The process of developing an eCommerce store is quite daunting. Firstly, it becomes necessary to rely upon one proficient and workable solution which, will drive seamless business performance. Presently, there is a number of online shopping carts, provided with several functional capabilities. Considering the varied platforms, OpenCart holds a remarkable presence in the domain because of its extensive functionality.

The prime focus of any business is revenue generation. Likewise, online stores always emphasize on increasing the sales figures, while expanding online audience, which is certainly possible with OpenCart integration.

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E-Commerce – COSO and COBIT Are Comparable Frameworks

E-Commerce – COSO and COBIT Are Comparable Frameworks

This article will help you to understand some similarities and differences between two frameworks: COSO and COBIT. Some basic knowledge about these two networks is required especially for E-Commerce. COSO and COBIT are comparable frameworks, COSO’s approach is more broad-based, fewer complexes, without so much technical issues and COBIT is more comprehensive, process-orientated, risk, control needs, and it relates more to technical issues. COBIT covers quality and security requirements such as effectiveness, efficiency, integrity, availability, compliance, confidentiality and reliability of information. These are the foundations for the control objectives of COBIT.

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The Future of eCommerce Business in Sri Lanka

The Future of eCommerce Business in Sri Lanka

eCommerce is not new to the world but it is relatively new to Sri Lanka. There have been the global players of the eCommerce market who have been serving the needs of a few Sri Lankan people, but that was not enough. The need of the people, the vacuum existed in the market and some skilled businessmen made it possible for the eCommerce business to emerge in the country. The local players are still at their beginning stage.

Considering the world market for eCommerce , the Sri Lankan market is pretty small. This is one of the major facts that are in favor of the local players. If it were something like the Indian market with several millions of customers for eCommerce , the local players would have been taken away by the international players. However, the fact is that the Sri Lankan eCommerce market is still considered by many international players.

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