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.

Security

Another negative effect of e-commerce is its effect on consumers’ security. Online transactions are inherently more insecure than those conducted in person because there’s no way to guarantee that the person making the payment is the actual owner of the credit card used. At the same time, when the customer inputs the payment information they risk a third party intercepting it if the website doesn’t comply with the adequate security measures, giving rise to credit card fraud and identity theft. Merchants need to be aware of the risks electronic transactions carry, and work towards securing the systems to the highest standards.

Price Wars

Merchants used to selling at their shop may often find selling online an extremely competitive marketplace. Their products are displayed alongside competitive offers, often from different countries or bigger retailers with access to better wholesale prices. This can affect the retailer negatively, as they cannot sell as much as they expected to actually make a profit, or the consumer’s when online stores cut corners in order to become more competitive or products are purchased from illegitimate retailers because they had the best price.

Returns And Complaints

Selling online means usually a higher return rate on products than when the purchase was conducted in person. This is due partly to the fact that customers haven’t seen the goods in person prior to purchase, but also to the fact that many online shoppers buy things on impulse, and by the time they receive them at their home they have changed their mind and make use of favourable return policies. While a big retailer would have no problem accommodating this, it can be highly disruptive for a small business with limited stock management.

6 Important Aspects of E-Commerce Websites

Web development is an intricate process as there are multiple aspects to keep in mind. There are several things to consider like appealing design, user-experience, performance and easy navigation. E-commerce website development is a challenging process. Discussed here are certain important qualities that every e-commerce site should have.

Responsive Design:

Smart phone users are growing constantly. Most of the people prefer to shop online. It is due to this reason that a virtual shop should be responsive. It should be able to adapt itself as per the screen of the gadget in which it is accessed. Right from the basic navigation to checkout and payment, every platform of e-shop should be made available to the mobile phone users so that people on the move can buy.

Should Support Guest Checkouts:

The users should be able to create an account to book orders and purchase. A follow up communication often leads to future sales and hence this aspect of e-commerce website is important. Notifications for the upcoming items lead to the sales and hence a virtual shop should have this feature.

Site Search Feature Must be There:

30 % of the customers visit e-commerce sites to search for the products. It is important to ensure that the search functionality should be there in the site. Auto complete features help the users to find their popular products. Also, the visitors should be able to narrow their search in several ways.

Security is Important:

All the e-commerce website should support SSL to encrypt the information requires to remain secure. This is so because the payments are done through credit cards and the bank details are furnished. If your site is not secured, customers will not purchase from you.

Should Contain Multiple Modes of Payments:

People like to pay as per their convenience. It is due to this reason that ever e-commerce website should have multiple modes of payments including the most commonly used Cash-on-Delivery method. Most of the customers run away from the sites that do not have COD payment mode.

Should be Well-Optimised:

With an increasing competition for selling products and services online, there are more people than ever that are in the race. If you cannot be found easily on the search engines, you will be at a loss. An e-commerce website should be well-optimised and easily found. A majority of people leave your website if it does not load easily.

These are a few important features that an e-commerce website should have. If you want to have a roaring online business, you need to hire a reputed and reliable website development company that can take care of all the important aspects.

How to Make At Least $400 an Hour Flipping eCommerce Websites

There are a lot of ways to make money on the internet, and eCommerce has to be one of the fastest ways to make money online because you don’t need to convince anyone that they need something, you just need to get them in your store!

Creating and running eCommerce sites isn’t as hard as one thinks, but you do have to know what you’re doing and how to set prices right to ensure that you get maximum profit.

There is a Ninja making money strategy called ‘Flipping’ which is to create/ buy a website at a low price, then change it to your liking and then sell it for profit; some people don’t even change anything besides the ownership of the site and they sell it. Flipping In eCommerce means, you find products to sell ‘Wholesale’ and make a ‘Retail’ site out of it, then sell to make money.

Of-course there is more to this business than just buying/ creating and selling. Below are some of the things you need to create and flip your eCommerce website to make at least $400 an hour.

Use Terapeak for Find Hot Selling Products:

First, you need to find products to sell on the site and since this will be an eCommerce website; you will need to find wholesale products on Amazon or eBay using a tool called Terapeak (it’s not free- but you pay $1 for 2 week trial).

Once you have found hot products to sell (Wholesale), then you need to scan the items to your eCommerce site; for example, if you decide to sell books- you will scan the ISBN of those books and they will show on your site, and all you need to do is to calculate shipping and how you will price them.

Use Flippa or eBay To Sell Your Website:

Once you are happy about your website setup and feel that is it ready to be sold to someone else, then you can list it for sale on Flippa.com. When you are selling your website, please keep in mind that you are selling it as a turn-key business for someone who wants to get in the business of what you’re selling, so when marketing it-your words should speak only to those you want to listen! Another good place to sell these kinds of websites is eBay.com.

You can list your websites there for sale and make sure the ‘list title and description’ is optimized and fully explains how everything will work and mention that this is a business opportunity for someone who wants to get into the retail business. In order to avoid less bids, you should start your bids at minimal prices (average site is about $400-$800), so if I were you, I would start with the minimum bid price at no less than $150 or $200!

To create a website like this, will not take you longer than 2 hours, it’s simple, but not as straight forward as it seems now. It won’t take 2 hours if you’re doing it for the first time, but once you are used to it you can do it in much less time. After, you have gotten used to creating and selling these sites and it takes you about 2 hours to complete the whole website setup and you sell the website for $800; no matter how you slice that up- you make an easy $400 an hour (could be more, depending on what you’re selling).

As you can see that making money with your eCommerce website is possible and actually quite easy to do once you’re used to it. Research more about this if you have to but below are a video where I got most of the information I am sharing here and hope you take action and make money with your website.

The Paperless Project

As technology advances, our lives become more convenient. This pertains to many daily activities. Travelling, for instance, has become significantly more efficient, allowing for cross-country travels in a matter of hours. Within the business world, the need for paper is starting to become scarce.

The Paperless Project reports that approximately 70%-80% of organization processes still see management through paper. This denotes to a large sum of money being spent on paper to supplement these processes alone. There is also the issue of ink costs as well as distribution costs. With the introduction and manufacturing of digital (or electronic) documentation, however, we can mitigate these costs substantially. Furthermore, we would be doing the environment a grand favor.

Let’s begin by defining what digital documenting is. Digital (or electronic) documentation is the means of managing documents via the Cloud, Internet, or other electronic means. With this, you can transfer, receive, upload, download, and edit documents without the need of paper. This also eliminates much of the necessity for ink and a distributor.

The best digital documentation software allows for its users to automatically sort and organize documents sent and received. As these documents are stored digitally, the amount of space available for storage is incredibly vast, perfect for companies dealing with a substantial amount of paper such as law firms. In regards to its organization feature, company workers will no longer have to go through the arduous task of manually sorting and finding documents. Actions taken with these documents, be it sending or receiving, occur almost instantaneously. This further supplements its appeal as speed is hardly ever an issue with digital documents.

So how, then, do companies actually benefit by going paperless? Well, for starters, the need to purchase ink and paper is reduced significantly, cutting costs. Majestic Invites, an e-commerce invitation design company, saves roughly $50,000 per year by going paperless. According to Alina Uzilov, president of Majestic Invites, the company saves this amount on paper, printing, mailing, document storage, and other various expenses. Her company has eliminated paper from nearly all processes, including design mock-ups, vendor and client contracts, purchase orders, and in-voicing.

Paper service companies are not the only types of businesses to reap the rewards. The 370-employee Suncoast Medical Clinic estimates that it will save about $1 million by using electronic health records (EHR), eliminating 80 percent of its paper-based medical records budget and most of its transcription services. While most of the cost cutting stems from reducing the amount of resource purchases, this shows that digital documents can also reduce the cost spent on other services and labor pertaining to physical documents.

But aside from reducing costs, what other benefit can you hope to gain from switching to a paperless track? Let’s take a look at Staged to Sell, a design service company located in Scottsdale, Arizona. This company specializes in home staging and designing. With the plethora of clients they receive, it becomes imperative that the company is capable of responding in a timely manner.

Even without digital documentation, this was possible. However, the effort put in to maintain quality service proved to be quite straining. It was when Staged to Sell decided to integrate a digital documentation software system that circumstances finally began to shine gently. Through this new system, Staged to Sell was able to process an exponentially larger amount of client orders and transactions.

A similar scenario occurs daily at the Suncoast Medical Clinic. At Suncoast Medical Clinic, physicians review patient lab results, radiology interpretations, and progress reports in real-time over the network from their office, their home, or a hospital. Electronic Health Records let primary care physicians and specialists, of whom are treating the same patient, review and contribute to a single shared patient record. The process saves a bountiful amount of time, helps avoid errors, and reduces duplication of tests.

The benefits offered to companies of various shapes and sizes is highly apparent with the switch to paperless. This accomplished via the reduction in costs as well as the increasing of efficiency. With the use of digital documentation, not only will the environment benefit, but so will you and your company. Make the switch now.