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'How exactly does Ecommerce work'?
By: Lisa Schmeckpeper
This has to be the most-frequently asked question I receive from newbie clients. They know people are buying online and they know they have to accept credit cards if they want to stand a chance in all the net-based competition, but beyond that realization, most are clueless as to how it all works.
I can`t blame them, really. It`s a confusing online world out there and a lot of people who are trying to tell them how it works are really just trying to sell them their own solution. It`s kinda hard to trust the validity of what they say when profit is a huge motivating force behind their persuasive suggestions.
And to be sure, there is profit in this Ecommerce game! Money is to be made at many steps along the Ecommerce path. With that in mind, let`s take a walk along the path to Ecommerce, and take a look at the signs--or components--that are necessary to take part in the Ecommerce excitement and potential profits.
1. The Merchant Account:
This really is your first step towards Ecommerce, unless you have chosen to go through a payment facility and are willing to give up a rather large portion of your sales in fees. The up-front costs of a merchant account can be hefty for a small business, but the long-term savings can be substantial.
This is especially true if you are selling big ticket items. For instance, on the sale of a $300 product/service through a payment facility you could pay between $20-$45 dollars or more in fees. With your own merchant account it will probably cost you about $9. With the typical fees and equipment for a merchant account startup costing about $1,500, you can recoup that cost rather quickly.
A merchant account comes with a merchant identification number. That is about all it gets you. In order to process transactions you need either a terminal (the little box that you swipe your credit card through at retail outlets) or software that runs on your PC and will dial up the merchant via your modem, and then process the transaction and deposit the money into your bank account.
2. The Shopping Cart:
If you are selling just one or two items on your site you won`t have much need for a shopping cart. A site with a variety of products should use the shopping cart system because it`s the easiest way for your customers to shop. The easier it is to shop, the more they will spend, which is exactly the psychology supermarkets use, and exactly how shoppers are similar whether in a supermarket or scanning through your website. And the nice thing about electronic shoppin....[MORE]
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E-commerce e-mail and webmarketing information for small business entrepreneurs, researchers, non-profits, and merchants. ... in July 1995, we've offered the Internet community WebMarketing Today newsletter and the WebMarketing Research Room ... New Ecommerce and WebMarketing Articles ...
[see more on Web Marketing Today -- E-Commerce, E-Mail, Internet Marketing, and Ecommerce - Wilson Internet]
Learn how to create successful Internet marketing campaigns. ClickZ has expert advice about Internet marketing, email, brand and interactive marketing, and search engine marketing. Read the latest Internet advertising news, e-commerce market ...
[see more on ClickZ Internet Marketing Solutions for Marketers]
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[see more on Internet marketing resources, web development, affiliate and ecommerce site guides]
WebMarketing Today Premium Edition is a subscription-based e-mail and Web publication that provides hands-on, how-to articles on e-commerce, as well as access to our E-Commerce Research Room with full annotations and links to nearly 14,000 ... to more than 50 Webmarketing newsletters, all of them free, except WebMarketing Today Premium Edition ...
[see more on Web Marketing Today Premium Edition, E-Commerce Newsletter and Research Room service]
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[see more on Web Marketing Now | Certified Search Engine Consultants | SEO Consultant]
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[see more on Ecommerce and web marketing research - March 04]
Dr. Ralph F. Wilson, creator and long-time editor of industry-leading e-zine Web Marketing Today (http://www.wilsonweb.com), today announced the sale of this historic website and newsletter, effective May 1, 2012, to e-commerce publishers Kerry and Joy Murdock of Practical eCommerce.Loomis, CA and Grand Junction, CO (PRWEB) April 23, 2012 Dr. Ralph F. Wilson, creator and long-time editor of ...
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Active Web Group, Inc. (AWG), the leading online marketing company headquartered in Hauppauge, New York, today announced a Free Web Content Development Analysis. This offers firms the opportunity to learn the value of sound website content development. Interested business owners will also learn how to best utilize these resources to assist in meeting their business objectives.Hauppauge, NY ...
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Active Web Group, Inc. (AWG), the award-winning online marketing company headquartered in Hauppauge, New York, today announced a Free Digital Media Analysis. Today most business owners realize the value of having an optimized website and supportive campaigns such as Linking Building, Email Campaigns, Social Media, Pay-Per-Click and Affiliate Marketing to boost online sales.Hauppauge, NY (PRWEB ...
Adobe Digital Marketing Summit EMEA ? Adobe Systems Incorporated today announced the availability of Adobe® CQ eCommerce, providing digital marketers capabilities for managing and optimizing the entire buying process on websites, mobile devices and social media.