Thursday 5 January 2017

Six factors that increase profit of online business of people?

Initiative of E-commerce business
E-commerce has increased the number of ways by which a person or a company can launch business online.E-commerce has made business launching very easy now a days .The following are the six factors that must be followed by e-commerce business owners.



E-commerce utility

"Six  factors for business profitability"
1.Acquiring customers
Acquiring customers is the initially tough and striving task done by business owners.Now a days variety of hundred of websites is introducing in the internet world.Business is easy using e-commerce so the proportion of online businesses is also increasing drastically.Online sale and purchase is enhancing day by fay by 'e-commerce' facilities and services.Business owners must make their websites presentable and outstanding upfront in order to increase number of customers online.Acquiring customers online following things are necessary for the owners to follow in their "daily online business activities".
2.Optimizing conversions
According to one survey report 97 percent customers online abandon websites due to high price,difficult processing,hard navigation tips,good and flexible product delivery.Furthermore  billing and picking services should be outstanding.It is difficult Task for the Website owners to make the visitors or customers their paying customers.The visitors Finding nice and flexible services would become automatically your paying customers.
3.Maximizing "Web" performance
Every thing in this world needs money, time and energy to grow and flourish."Business" Owners should struggle hard to increase the performance and results of their respective websites.Some business owners offer "Freebies" to their customers."Freebies" means business owners give free gifts to their customers.By offering "Freebies" business owners become familiar with the needs,wants,likes and dislikes of their customers.In this way they way they can target their customers from a right "angle".
4.Ensuring a positive user experience
Ensuring a positive user experience means if some one visits your website then your website should be able to make the customer or visitor satisfied in order to generate a positive user experience.Your "website"should be able to download the specific application in just two seconds.According to one survey report "customers leave the website forever never to come  if page downloading takes three seconds".The products available via your website should be of outstanding quality and of appropriate price pay able for the customers of the mediocre.
5.Retaining Customers
Retaining customers is very strenuous and industrious work as it requires  perfect and dedicated commitment.If you provide easiness and good protocols to your customers then it is necessary that every customer getting services from websites will come automatically again on the same website.
Furthermore,"The business owners should work hard to increase the performance of their sites".
6.Use of "web analytics" for the improvements of websites
There are many tools available freely and without any cost for the improvements of the websites.The special "tracking tools" enable the internet drivers and websites owners to know the behavior and attitude of their customers and visitors.Unfortunately majority of the business owners do not use analytical tools in order to increase the performance of their websites.Furthermore business owners should publicize and marketing of their websites for the improvements of their respective websites.

Global trends

In 2010, the United Kingdom had the biggest e-commerce market in the world when measured by the amount spent per capita. As of 2013, the Czech Republic was the European country where ecommerce delivers the biggest contribution to the enterprises´ total revenue. Almost a quarter (24%) of the country's total turnover is generated via the online channel.

Among emerging economies, China's e-commerce presence continues to expand every year. With 668 million internet users, China's online shopping sales reached $253 billion in the first half of 2015, accounting for 10% of total Chinese consumer retail sales in the same period. The Chinese retailers have been able to help consumers feel more comfortable shopping online. E-commerce transactions between China and other countries increased 32% to 2.3 trillion yuan ($375.8 billion) in 2012 and accounted for 9.6% of China's total international trade. In 2013, Alibaba had an e-commerce market share of 80% in China. In 2014, there were 600 million Internet users in China (twice as many than in the US), making it the world's biggest online market. China is also the largest e-commerce market in the world by value of sales, with an estimated US$899 billion in 2016.

In 2013, Brazil's eCommerce was growing quickly with retail eCommerce sales expected to grow at a healthy double-digit pace through 2014. By 2016, eMarketer expected retail ecommerce sales in Brazil to reach $17.3 billion.[49] India has an internet user base of about 243.2 million as of January 2014.[citation needed] Despite being third largest user base in world, the penetration of Internet is low compared to markets like the United States, United Kingdom or France but is growing at a much faster rate, adding around 6 million new entrants every month.[citation needed] In India, cash on delivery is the most preferred payment method, accumulating 75% of the e-retail activities.

E-Commerce has become an important tool for small and large businesses worldwide, not only to sell to customers, but also to engage them.

In 2012, ecommerce sales topped $1 trillion for the first time in history.

Mobile devices are playing an increasing role in the mix of eCommerce, this is also commonly called mobile commerce, or m-commerce. In 2014, one estimate saw purchases made on mobile devices making up 25% of the market by 2017.

For traditional businesses, one research stated that information technology and cross-border e-commerce is a good opportunity for the rapid development and growth of enterprises. Many companies have invested enormous volume of investment in mobile applications.The DeLone and McLean Model stated that 3 perspectives are contributed to a successful e-business, including information system quality, service quality and users satisfaction. There is no limit of time and space, there are more opportunities to reach out to customers around the world, and to cut down unnecessary intermediate links, thereby reducing the cost price, and can benefit from one on one large customer data analysis, to achieve a high degree of personal customization strategic plan, in order to fully enhance the core competitiveness of the products in company.Courtesy of wikipedia....

         

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