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Welcome to the world of e-Commerce

Welcome to the world of e-Commerce. The world of e -Commerce can be a complex world that can seem very daunting when first considering setting up an online trading company. Two common situations:- New Company start-up Existing company expansion Also two common routes :-

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Welcome to the world of e-Commerce

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  1. Welcome to the world of e-Commerce • The world of e-Commerce can be a complex world that can seem very daunting when first considering setting up an online trading company. • Two common situations:- • New Company start-up • Existing company expansion • Also two common routes :- • Inexpensive – using internal resources • Expensive – using professional services

  2. Using in house resource • This is the best solution for new start up businesses and Small to Medium Enterprise (SME) with small annual turnovers. • Benefits:- • Low Cost • Low upfront fess • No Fixed Term Minimum Contracts • Disadvantages:- • Limited Support • Limited Services • Poor User Interface

  3. Using professional services • This is the service that you would use if you wanted to create in order to enhance your online service to maximise growth. • Benefits:- • Best User Experience • 24/7 Online and Telephone Support • Not Off the shelf package (bespoke for business need) • Disadvantages:- • High Costs & ongoing maintenance charge • Lack of control • High Upfront and continuous monthly charges • Penalties for Early Termination of contract

  4. e-Commerce Life Cycle The following Diagram explains the transaction life cycle.

  5. Website and e-Commerce Services To do this by yourself :- • Build your own website • Choose a payment option • Shopping Cart Services To do this Professionally :- • Website and Hosting Services • Shopping Cart Services • Choose Payment Provider • Choose IMA Services

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