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E-commerce

LECTURE 2

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Essentials for opening an E-commerce shop
3. Means to Process payments in E-commerce
vWhat is e-commerce payment processing?

• E-commerce payment processing refers to the steps and systems involved in accepting
and processing payments for goods or services purchased online. It encompasses the
entire process of authorizing, capturing, and transferring funds from customers to
merchants in a secure and efficient manner.

• Payment processing is a critical component of any e-commerce business, as it enables the


seamless completion of transactions and facilitates the monetization of products or
services.

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Players in an e-commerce transaction
vPayment processor
• A payment processor is a financial services provider, such as a credit card services
provider, that facilitates the entire ecommerce transaction chain. The payment processor
conveys all transaction data between the customer’s bank or credit card company and
the merchant’s account.

vThe payment gateway

• Is a technological platform connecting your e-commerce site to a merchant services


provider. This facilitates the transfer of data between the payment processor (and by
extension, the issuing and receiving banks) and the customer-facing website.
Authorization or decline information is also transmitted back to the ecommerce site via
the payment gateway.
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Players in an e-commerce transaction
vMerchant account

• A merchant bank account allows an ecommerce merchant to receive


electronic payments from customers. This occurs after customer payments
have been authorized and settled—meaning the funds from the customers’
credit or debit card institution have been deposited into the merchant
account.

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Various means to process payments in e-commerce
1.Credit/Debit Cards: Accepting payments through credit or debit cards is a
popular method in e-commerce. Merchants can partner with payment
processors or payment gateways that securely handle card transactions.
Customers enter their card details during checkout, and the payment is
processed electronically.

2.Digital Wallets: Digital wallets like PayPal, Apple Pay, Google Pay, or Amazon
Pay provide a convenient and secure way for customers to make online
payments. These wallets store users' payment information, allowing for quick
and easy transactions. 5
Various means to process payments in e-commerce
4. Bank Transfers: Bank transfers involve customers transferring

funds directly from their bank accounts to the merchant's account.


This method typically requires integrating with a payment gateway.

5. Cryptocurrencies: Some e-commerce platforms accept


cryptocurrencies like Bitcoin or Ethereum as a form of payment.
Customers can initiate transactions using their digital wallets and
make payments using their preferred cryptocurrency.

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Various means to process payments in e-commerce

6. Mobile Payment Apps: With the rise of smartphones, mobile payment apps
have gained popularity. Apps like Venmo, Alipay, or WeChat Pay allow users to
link their bank accounts or cards and make payments through their mobile
devices.

7. Buy Now, Pay Later (BNPL): BNPL services, such as Afterpay or Klarna,
enable customers to make purchases and pay for them in installments over
time. This option can attract customers who prefer more flexible payment
terms. (For trusted customers) 7
Various means to process payments in e-commerce
7. Prepaid Cards or Vouchers: Prepaid cards or vouchers, such as gift cards
or virtual prepaid cards, provide an alternative payment method. Customers can
purchase these cards and use them to make payments on the e-commerce
platform.

• It's important for e-commerce businesses to choose a payment processing


method that aligns with their target audience, security requirements, and the
availability of infrastructure in their target markets. Integration with a reputable
payment service provider or payment gateway is often necessary to handle the
technical aspects of payment processing securely.

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What to consider when choosing an ecommerce processing platform
Ø Security

• Ecommerce security is a set of guidelines that ensures safe online transactions. Just like
physical stores invest in security guards or cameras to prevent theft, online stores need to defend
against cyberattacks.
Three key terms that are essential to understanding ecommerce security protocols.

i. Privacy

-In the context of ecommerce security, privacy involves preventing unauthorized internal and external
threats from accessing customer data.

-Disrupting customer privacy is considered a breach of confidentiality and could have devastating
consequences for your customers’ privacy and your reputation as a retailer. Privacy measures include
antivirus software, firewalls, encryption, and other data protection measures.
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What to consider when choosing an ecommerce processing platform
(Security Cont’)
ii. Integrity

Integrity refers to how accurate a company’s customer data is. Maintaining a clean, curated customer
dataset is critical to running a successful ecommerce business. Using incorrect customer’s data such as
their phone number, address, or purchase history causes people to lose confidence in your ability to
protect their data and in your company as a whole.

iv. Authentication

Authentication proves that your business does what it claims and that customers are who they say
they are. Your site should have at least some proof that it sells what it says it does and delivers those
goods according to expectations. Customers should also be required to verify their identities before
processing their online transactions.
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Essentials for opening an E-commerce shop
4. Marketting Strategies to attract customers

- You have to bring customers to your online store.

- This area needs a great amount of work if you’re going to be successful.

- It is an area that constantly needs to be revisited, reviewed and adjusted.

Areas you should focus includes:

vSocial media

vSEO (Search Engine Optimization): it refers to techniques that help your business to rank higher in search engine
pages.

-Makes your websites visible for people looking for solutions that your products and service can provide.

-You don’t want your website to be ranked on the second page.


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Essentials for opening an E-commerce shop
vE-mail marketting:
Ecommerce e-mail marketing is an effective marketing strategy that uses
email to promote products of an online store to existing or potential
customers.

• Emails are one of the most popular means of digital communication, and that’s the
main reason why using them for marketing activities can be extremely effective.

• They help blow up user engagement, build customer loyalty, share useful
information, announce the hottest deals, and boost sales.

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Benefits of E-commerce
E-commerce offers numerous benefits to businesses, consumers, and the overall
economy. Here are some key advantages of E-commerce:

1. E-commerce enables businesses to reach a global audience without


geographical limitations. It breaks down barriers to entry into new markets,
allowing businesses to expand their customer base beyond local boundaries.

2.E-commerce opens up new sales channels, leading to increased sales


opportunities. Businesses can sell products 24/7, reaching customers at their
convenience and maximizing revenue potential.
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Benefits of E-commerce
3. E-commerce offers convenience to customers, allowing them to shop
anytime and anywhere with internet access. Customers can browse products,
compare prices, and make purchases from the comfort of their homes or on the
go.

4. E-commerce provides businesses with the ability to offer a wide range of


products and variations without physical space constraints. Customers benefit
from access to a vast array of products, including niche or specialized items.

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Benefits of E-commerce
5.Seamless Cross-channel Integration: E-commerce facilitates omnichannel retailing,
allowing businesses to integrate online and offline channels for a seamless customer
experience. Customers can browse products online, make purchases in-store, or vice
versa, creating a cohesive shopping journey.

6. Environmental Benefits: E-commerce reduces the need for physical transportation


and infrastructure, resulting in lower carbon emissions and energy consumption.
Online transactions eliminate the need for paper receipts and excessive packaging,
contributing to sustainability efforts.

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Benefits of E-commerce
7. Efficient Inventory Management: E-commerce allows businesses to automate
inventory management processes, reducing the risk of overstocking or stockouts.
Real-time inventory tracking helps optimize stock levels, improve order
fulfilment, and minimize costs.

8. Streamlined Transactions: E-commerce simplifies the purchasing process for


customers. Integrated payment gateways enable secure online transactions,
while automated order processing and digital receipts enhance efficiency and
reduce paperwork. 16
Benefits of E-commerce

9. Cost Efficiency: E-commerce eliminates the need for physical stores and the
associated costs, such as rent, utilities, and staffing. It allows businesses to operate with
lower overheads and potentially offer products at competitive prices.

10. Personalization and Customer Targeting: E-commerce platforms gather data on


customer behaviour, preferences, and purchase history. This data enables businesses to
personalize the shopping experience, recommend relevant products, and target specific
customer segments with tailored marketing campaigns.

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Benefits of E-commerce
11. Data Analytics and Insights: E-commerce platforms generate valuable data
on customer behaviour, sales trends, and marketing effectiveness.

Businesses can leverage data analytics to gain insights, make informed decisions,
and optimize their strategies for better outcomes.

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Challenges of E-commerce
1.Logistics and Fulfilment: Efficient logistics and order fulfilment processes are vital
for customer satisfaction. E-commerce businesses need to manage inventory,
packaging, shipping, and delivery to ensure timely and accurate order fulfilment. This
can be challenging, especially for businesses with high order volumes or
international shipping.

2.Competition and Market Saturation: The E-commerce landscape is highly


competitive, with numerous businesses vying for customer attention. Standing out
from the competition and attracting and retaining customers require effective
marketing strategies, differentiation, and continuous innovation. 19
Challenges of E-commerce
3. Technological Complexity: E-commerce relies heavily on technology infrastructure,
including website development, secure payment gateways, inventory management
systems, and data analytics. Maintaining and upgrading technology systems can be
complex and costly, requiring technical expertise and ongoing investments.

4. Customer Experience and Support: Providing a seamless and satisfactory customer


experience is crucial for E-commerce success. Businesses must ensure user-friendly
website navigation, responsive customer support, easy returns, and efficient dispute
resolution to meet customer expectations.
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Challenges of E-commerce
5. Legal and Regulatory Compliance: E-commerce businesses need to comply with
various laws and regulations, including consumer protection, data protection,
taxation, intellectual property, and cross-border trade regulations. Staying updated
with evolving legal requirements can be challenging, especially for businesses
operating globally.

6.Digital Divide: While internet access has expanded globally, there are still regions
and populations with limited or no internet connectivity. This digital divide can
hinder the adoption and growth of E-commerce, particularly in underserved areas.

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Challenges of E-commerce
6. Online Marketing and Visibility: With the increasing number of online
businesses, standing out and gaining visibility amidst the noise can be a
challenge. Effective digital marketing strategies, search engine optimization
(SEO), and social media engagement are necessary to attract and retain
customers.

7. Returns and Reverse Logistics: E-commerce businesses must handle returns


and manage the logistics and costs associated with reverse logistics. Dealing
with product returns, refunds, and exchanges can impact profitability and
require efficient processes and customer support.
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Challenges of E-commerce
8. Security and Privacy Concerns: E-commerce involves the transmission of
sensitive customer information, such as personal details and payment data,
over the internet. Ensuring robust security measures and protecting customer
privacy are essential to build trust and prevent data breaches.

9. Trust and Credibility: Establishing trust in the online environment is crucial.


Customers may have concerns about the legitimacy of online businesses,
product quality, and reliable customer service. Building a reputable brand and
implementing transparent policies can help address trust issues.

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Business models of e-commerce
vBusiness-to-Consumer (B2C) : In a Business-to-
Consumer E-commerce environment, companies sell
their online goods to consumers who are the end
users of their products or services.

vUsually, B2C E-commerce web shops have an open


access for any visitor, meaning that there is no need
for a person to login in order to make any product
related inquiry. Examples include online retailers like
Amazon, fashion e-commerce sites, and online food
delivery services.
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Business models of e-commerce
• Business-to-Business (B2B): In a Business-to-
Business E-commerce environment, companies
sell their online goods to other companies without
being engaged in sales to consumers.

• In most B2B E-commerce environments entering


the web shop will require a log in.

• B2B web shop usually contains customer-specific


pricing, customer-specific assortments and
customer-specific discounts.

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Business models of e-commerce
• Consumer-to-Business (C2B): In a
Consumer-to-Business E-commerce
environment, consumers usually post their
products or services online on which
companies can post their bids.

• A consumer reviews the bids and selects the


company that meets his price expectations.

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Business models of e-commerce
• A website following the C2C business model
helps consumers to sell their assets like
residential property, cars, motorcycles, etc., or
rent a room by publishing their information on
the website.

• Website may or may not charge the consumer


for its services. Another consumer may opt to
buy the product of the first customer by viewing
the post/advertisement on the website.

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Business models of e-commerce
• E-Governance: E-governance is the application of information and
communication technology (ICT) for delivering government services,
exchange of information communication transactions, integration of various
stand-alone systems and services between government-to-customer
(G2C), government-to-business (G2B), Government-to-government
(G2G) as well as back office processes and interactions within the entire
government framework.

• Through e-governance, government services is made available to citizens in


a convenient, efficient and transparent manner.
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Business models of e-commerce
• Business - to - Government (B2G) B2G model is a variant of B2B model.

• Such websites are used by government to trade and exchange information with
various business organizations.

• Such websites are accredited by the government and provide a medium to


businesses to submit application forms to the government

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Business models of e-commerce
• Government - to - Business (G2B) Government uses B2G model
website to approach business organizations.

• Such websites support auctions, tenders and application submission


functionalities

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Business models of e-commerce
• Government - to - Citizen (G2C) Government uses G2C model website to approach
citizen in general. Such websites support auctions of vehicles, machinery or any other
material. Such website also provides services like registration for birth, marriage or
death certificates.

• Main objectives of G2C website are to reduce average time for fulfilling people
requests for various government services.

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E-commerce delivery models

1.Mobile Commerce (M-commerce): M-commerce refers to E-commerce transactions conducted


through mobile devices, such as smartphones and tablets. With the increasing use of mobile devices,
M-commerce has gained significant popularity. It includes activities like mobile shopping apps, mobile
payment solutions, and location-based services.

2. Affiliate Marketing: Affiliate marketing involves promoting other companies' products or services on
your website or platform. When a user clicks on the affiliate link and makes a purchase, the affiliate
earns a commission.

It is a performance-based model where affiliates drive traffic and generate sales for the merchant.
Examples include Amazon Associates and ShareASale.
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E-commerce delivery models
3. Social Commerce: Social commerce combines E-commerce with social media
platforms. It involves selling products or services directly within social media platforms
or leveraging social media for marketing and sales purposes. Social media platforms
integrate shopping features, such as "Buy" buttons or shoppable posts, enabling
businesses to reach customers directly through social channels.

4. Subscription E-commerce: Subscription E-commerce involves customers signing


up for recurring product deliveries or access to services on a subscription basis.
Businesses offer subscription boxes, streaming services, software-as-a-service
(SaaS) models, and other subscription-based offerings.

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E-commerce delivery models
5. Dropshipping: Dropshipping is a model where businesses act as intermediaries,
selling products to customers without handling inventory. When an order is received,
the business passes it to a third-party supplier who ships the product directly to the
customer. Dropshipping eliminates the need for inventory management and fulfilment,
making it an attractive option for online entrepreneurs.

6. Crowdfunding: Crowdfunding platforms enable individuals or businesses to raise


funds for their projects or ideas by collecting small contributions from a large number
of people. In return, contributors may receive rewards, pre-orders, or equity in the
venture. Examples include Kickstarter, Indiegogo, and GoFundMe.

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E-commerce delivery models
7. White Label or Reseller: Companies purchase products or services from manufacturers or

wholesalers, rebrand them as their own, and sell them under their own brand name. They act as

resellers, focusing on marketing, sales, and customer service. Examples include private-label

products on Amazon and reseller programs offered by software companies.

8. Private labelling: involves the creation of products manufactured by a third-party supplier but
marketed and sold under a specific retailer or brand's name. In private labelling, the retailer has
more control over the product's specifications, quality, design, and packaging.

The retailer collaborates closely with the manufacturer to create a product tailored to their
requirements and target market.

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E-commerce delivery models
9. Marketplace: Marketplace models bring together multiple sellers and buyers on a single
platform. The marketplace operator facilitates transactions and provides a platform for
sellers to list and sell their products or services. They may earn revenue through
commissions, listing fees, or advertising. Examples include Amazon Marketplace, eBay, and
Alibaba's Taobao.

10. Peer-to-Peer (P2P): P2P connect individuals directly to conduct transactions, often in
C2C (consumer-to-consumer) scenarios.

The platform facilitates the exchange of goods or services between individuals, enabling

them to buy, sell, or rent items directly from one another. Examples include classified ad

websites like Craigslist and peer-to-peer accommodation platforms like Airbnb.


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Key players in the E-commerce industry.
The E-commerce industry is characterized by a diverse range of players, including global giants,
niche market leaders, and innovative start-ups. Here are some key players that have made a
significant impact on the E-commerce landscape:

1.Amazon: Amazon is the world's largest online retailer and a dominant force in E-commerce. It
offers a wide range of products, including electronics, books, household goods, and more.

2.Alibaba: Alibaba is a leading Chinese E-commerce conglomerate with a strong presence in


both B2B and B2C markets.

Its platforms, such as Alibaba.com, Taobao, and Tmall, cater to different segments of the E-
commerce ecosystem. Alibaba facilitates trade between businesses globally and operates as a
marketplace connecting consumers with sellers.
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Key players in the E-commerce industry
3. eBay: eBay is one of the pioneers of online auctions and C2C E-commerce. It

allows individuals and businesses to buy and sell products through auction-style
listings or fixed-price formats. eBay has a global reach and offers a wide range of
products, including collectibles, electronics, fashion, and more.

4. Walmart: Walmart is a retail giant that has made significant strides in E-commerce.
It operates both physical stores and an online marketplace, providing customers with
a seamless omnichannel shopping experience.

Walmart's E-commerce platform offers a vast selection of products, including


groceries, household items, electronics, and more.

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Key players in the E-commerce industry
5. JD.com: JD.com is one of the largest E-commerce companies in China and a
formidable competitor to Alibaba. It operates as a B2C online retailer, focusing on
electronics, home appliances, fashion, and other product categories. JD.com has built
a strong logistics network, ensuring fast and reliable delivery across China.

6. Shopify: Shopify is a leading E-commerce platform that empowers businesses to


create their online stores. It provides a comprehensive suite of tools for website
design, inventory management, payment processing, and marketing.

Shopify's user-friendly interface and extensive integrations make it popular among


small and medium-sized businesses.
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Key players in the E-commerce industry
7. Rakuten: Rakuten, based in Japan, is an E-commerce company with a diverse

portfolio of businesses. It operates an online marketplace, offering products in various

categories, and provides services such as e-books, digital content, travel bookings,

and financial services. Rakuten is known for its loyalty program, offering Rakuten

Super Points to incentivize customer purchases.

8. AliExpress: AliExpress is an international online marketplace owned by Alibaba

Group. It primarily serves as a platform for Chinese sellers to reach global consumers,

offering a wide range of products at competitive prices. AliExpress is known for its

buyer protection policies and has gained popularity among shoppers worldwide. 40
Key players in the E-commerce industry

9. Etsy: Etsy is a specialized E-commerce platform that focuses on handmade, vintage,


and unique products. It provides a marketplace for independent artists, crafters, and
sellers to showcase and sell their creations. Etsy has a loyal customer base seeking
one-of-a-kind items and has built a reputation for supporting artisans and small
businesses.

10. Zalando: Zalando is a prominent European fashion E-commerce platform,


specializing in clothing, footwear, and accessories. It offers a wide selection of brands
and styles, catering to diverse fashion preferences. Zalando provides an intuitive
shopping experience and offers services like free shipping and easy returns.

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key players in the e-commerce industry in Ghana
1. Jumia: Jumia is one of the largest online marketplaces in Ghana, offering a wide range
of products across various categories such as electronics, fashion, beauty, home
appliances, and more. Jumia operates both a website and a mobile app, providing
customers with a convenient shopping experience and nationwide delivery services.

2. Zoobashop: Zoobashop is a popular E-commerce platform in Ghana, known for its


diverse product selection and competitive prices. It offers a range of products, including
electronics, fashion, groceries, and household items. Zoobashop focuses on providing
quality products and reliable customer service.

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Key players in the E-commerce industry in Ghana

3. Melcom Online: Melcom is a well-established retail chain in Ghana, and it has


expanded its presence into the E-commerce space through Melcom Online.
Customers can shop for a variety of products, including electronics, appliances,
furniture, clothing, and more, with the convenience of online ordering and delivery.

4. Supermart: Supermart is an online grocery delivery service in Ghana. It allows


customers to shop for groceries, household items, and personal care products from
the comfort of their homes. Supermart sources products from local supermarkets and
delivers them to customers' doorsteps.

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Key players in the E-commerce industry Ghana
5. Shopnaw: Shopnaw is an E-commerce platform that focuses on fashion and
accessories. It offers a wide range of trendy clothing, footwear, bags, and jewellery
for men, women, and children. Shopnaw aims to provide fashion-forward options to
Ghanaian consumers.

6. Kikuu: Kikuu is an international E-commerce platform that operates in Ghana. It


offers a broad range of products, including fashion, electronics, home goods,
beauty products, and more. Kikuu focuses on providing affordable and quality
products to customers in Ghana and other African countries.

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Key players in the E-commerce industry in Ghana

7. Tonaton: Tonaton is a classifieds website in Ghana that allows


individuals and businesses to buy and sell products and services. It
serves as a platform for both new and used items across various
categories, including electronics, vehicles, real estate, jobs, and more.

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Traditional brick-and-mortar ( Traditional commerce)
Traditional brick-and-mortar refers to businesses that primarily operate through physical retail
locations.

Advantages:

1.Tangible Experience: Brick-and-mortar stores provide a tangible and immersive shopping


experience for customers. Customers can see, touch, and try products before making a
purchase, which can enhance customer satisfaction and build trust.

2.Personal Interaction: In physical stores, customers can interact directly with sales staff,
receiving personalized assistance, recommendations, and immediate responses to their
queries. This human touch can create a positive shopping experience and foster customer
loyalty.
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Traditional brick-and-mortar ( Traditional commerce)

3. Instant Gratification: With brick-and-mortar retail, customers can make


purchases and obtain products immediately without waiting for shipping or
delivery. This instant gratification can be appealing, especially for time-
sensitive purchases or products that require immediate use.

4. Local Presence: Physical stores can establish a local presence and


contribute to the community. They may attract walk-in customers, benefit from
word-of-mouth referrals, and build strong relationships with the local customer
base.
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Challenges of Traditional commerce
1. Higher Overhead Costs: Brick-and-mortar businesses typically have higher
overhead costs due to rent, utilities, staffing, and maintenance expenses. This can put
pressure on profitability, especially if sales volume is low or if there is stiff competition.

2. Geographical Limitations: Physical stores are limited by their location, which can
restrict the customer base to a specific geographic area. Expanding into new markets
requires opening new stores, which can be costly and time-consuming.

3. Limited Operating Hours: Traditional stores are typically open during specific hours,
which may not align with the convenience and flexibility that customers desire. This
limitation can result in missed sales opportunities or inconvenience for customers.
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Class discussion
Difference between E-commerce and Traditional commerce based on the following
Point of Difference E-commerce Traditional Commerce

1. Cost Effective

2. Time
3. Accessibility
4. Convenience
5. Introduction to new products
6. Profit
7. Physical inspection of products
8. Fraud
9. Method of communication
10. Process

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Functions of E-Commerce Websites
The following are five functions you should be doing daily in your e-commerce business.

1. Search Engine Optimization (SEO):

It refers to the practice of optimizing a website to rank higher in search engine results
pages (SERPs) for specific keywords or phrases.

By optimizing a website for search engines, businesses can ensure that their products
and services are visible to potential customers when they search for relevant keywords.

Friendly URLs with related phrases. E.g. When talking about Zobrist’s eZcommerce
solution, the URL looks like this: http://www.zobristinc.com

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Functions of E-Commerce Websites Cont’
2. User-Friendly Navigation
• The key to helping customers find the products they need quickly is to offer a user
friendly navigation system.

• Products should be logically categorized, with the most popular categories listed
first.

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Functions of E-Commerce Websites Cont’
3. Site Search
• In addition to user-friendly navigation, site search is a feature
found on most of the top ecommerce sites.

• It allows customers to bypass the navigation and search for exactly


what they want.

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Functions of E-Commerce Websites Cont.’
4. Product Videos
• Adding video to your product pages can increase conversions.

• According to Think With Google, over 50% of shoppers said that


online video helped them make a decision on which brand or product
to purchase.

• Most ecommerce platforms allow retailers to add videos and images


to their product pages.

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Functions of E-Commerce Websites Cont.’
5. FAQ For Products

• Another way to incorporate user-generated content into your ecommerce store is


by adding a section of the most frequently asked questions by customers.

• This section can help your store in a number of ways.

• Increase the number of sales by answering your customer’s top pre-sales


questions about your products.

• Reduce the amount of time your customer service has to spend on answering
questions about products, before and after the purchase.

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Functions of E-Commerce Websites Cont.’

6. Order Tracking
• Once your customer places an order, the top question
on their mind is when will my order arrive.

• Make it simple for customers to check their current order


status on your website.

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Functions of E-Commerce Websites Cont.’
7. Chatbots

• One of the benefits of running an ecommerce website is its ability to generate

revenue, 24 hours a day, 7 days a week, throughout the year. That also means
providing support to your customers during those hours as well.

• According to LivePerson’s survey of 5,000 consumers, positive sentiment about

the use of chatbots nearly doubled between 2020 and 2021, from 31% to 61%

• Many ecommerce stores use chatbots to assist online shoppers with basic

questions and navigate them to a specific product or support page.


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Functions of E-Commerce Websites Cont.’
8. Mobile App
• In addition to having a mobile-friendly store for shoppers to make a purchase from
any device, also consider having a mobile app for your store.

• Mobile apps allow you to keep your brand on your customer’s minds, placing your
app icon/brand logo on the smart devices customers use most.

• You don’t have to wait for customers to open up a browser or another app for social
media or email to get your latest sales messages.

• You can push those promotional updates through your app to any customers that
have notifications turned on.

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Functions of E-Commerce Websites Cont.’
9. Multilingual Support
• If your ecommerce store caters to customers in a specific region, you
have two options to support the top languages spoken in their region:

• Depend on Google Translate to help customers translate your


website into their language.

• Create multiple versions of your website for specific languages.

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Functions of E-Commerce Websites Cont.’
10. Local Store Information
• If your ecommerce brand also has physical store locations, you can
boost offline sales by adding details for the nearest store to your
website’s header.

• This would allow customers to shop online, reserve for in-store pick
up, or browse their local store inventory before going to make an in-
store purchase.

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Functions of E-Commerce Websites Cont.’
11. Product Reviews
• The most popular form of user-generated content found on
ecommerce sites is product reviews and ratings.

• This section of an ecommerce product page is crucial to providing


social proof to shoppers that a product will fit their needs.

• eBay allows customers to rate and review products, displaying


reviews below the product descriptions and sponsored items.

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Functions of E-Commerce
12. Selecting New Products
Sell what the customer wants to buy, not what you want to sell! This is a common
mistake, especially when merchandisers are given a great price to sell a
particular product.

If nobody wants to buy that product, it doesn’t matter what price you set it at.
Find out what customers want. What is your value proposition on products you
sell?

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Functions of E-Commerce
13.Customer Service:
• Make your customers happy.

• Delivery orders on time.

• Ensure order accuracy.

• Reship promptly if a package was failed to be delivered to the customer, if it


came damaged, or if it was missing parts.

• Don’t try to save every penny on an order. You may need to take a loss to
make a customer happy in order to retain their loyalty to you.
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Functions of E-Commerce
14. Monitoring your KPIs / Analytics:

• Monitor your analytics reports. View what items are selling and
bubble them to the top of product listings so customers can find
them easier.

• Tackle cart abandonment. Remarket those products to the


customers if you have their email addresses. Incentivize them to
complete their checkout within X days.
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SHOPPING CART SOFTWARE IN E-COMMERCE
• Shopping cart is a software application that allows online shoppers to select and

store items they wish to purchase while browsing an online store.

• Once a shopper selects an item they want to purchase, they can add it to their

virtual shopping cart. The shopping cart software will keep track of the items added

to the cart, and provide a running total of the cost of the items.

• The customer can view the contents of their cart, make changes or remove items
before proceeding to the checkout process to complete the purchase.

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Types of shopping carts
1.Hosted shopping carts: These are fully managed solutions where the e-commerce platform
provides a shopping cart as part of their service. The shopping cart is hosted on the
platform's servers, and the merchant uses the platform's interface to customize the look and
feel of their online store.

2.Self-hosted shopping carts: These are software solutions that merchants download and install
on their own web servers. The merchant has more control over the customization and
functionality of the shopping cart, but is also responsible for maintenance and security.

3.Licensed shopping carts: These are shopping carts that merchants purchase a license to use
on their own web servers. The merchant has complete control over the customization and
functionality of the shopping cart, but is also responsible for maintenance and security.
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Types of shopping carts
4. Open source shopping carts: These are software solutions that are freely
available for merchants to download, use, and modify. The merchant has
complete control over the customization and functionality of the shopping
cart, but is also responsible for maintenance and security.

5. API-based shopping carts: These are shopping carts that use an Application
Programming Interface (API) to connect to a payment gateway or merchant
account provider. The merchant builds their own shopping cart using the
API, giving them complete control over the customization and functionality of
the shopping cart.
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Shopping cart abandonment
vShopping cart abandonment refers to the situation where a customer
adds items to their online shopping cart but then leaves the website
or app without completing the purchase.

vThis can happen for a variety of reasons, such as the customer


being distracted by something else, finding a better deal elsewhere,
encountering unexpected shipping or tax costs, or simply changing
their mind.

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THANK YOU!!
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