Advantages of E commerce I Payment Gateways A payment gateway is an e commerce

Advantages of e commerce i payment gateways a payment

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Advantages of E-commerce I. Payment Gateways : A payment gateway is an e-commerce application service provider that authorizes credit card payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The lifeblood of online business is the payment routes, which comprises credit card, debit card, online banking payments, electronic funds transfer. The world is transforming from cash to digital Money and thus there is a need of payment gateways for sustainable future ecommerce. II. Analytics : Analytics is the scientific process of transforming data into insight for making better decisions. Analytics helps businesses to gather, organize, analyze, and report on everything their customers do. The massive increase in the volume of data has forced the businesses to focus on analytics to Understand the behavior of the customer. E- tailor need to have real time access to information to III. 4 IV. Measure return on online investments and optimize the channel mix. There are basic analytics Capabilities available with the ecommerce players like basket size analysis, average order value, Conversion ratio but we need deeper analytics solution for actionable insights of the consumer. III Social Media Businesses are increasingly making use of social media in order to market their goods and services. Social media refers to websites and computer programs that allow people to communicate and Share information on the internet using a computer or mobile phone. Social media has played a great role in brand building and informing various offers to the Customers. It also helps in getting the feedback about the product or service. It provides a platform For brand building, advertisements, developing a community of trusted users, spreading word of Mouth etc.
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V. 3D Printing 3D printer is a device that is capable of making a three-dimensional object from a digital design. It uses something called "additive manufacturing" -- a layered process that bears some similarity To the way, an ink-jet printer sequentially layers its colors on a flat piece of paper. It is expected 3D printing, might one day blow away manufacturing of the kind we have been Used to since the Industrial Revolution shook up agrarian life in the early 19th century. 3D printing is creating a market in designs that are meant to be printed by the buyer -- or a third-party Manufacturer unrelated to the designer. The product not sold -- it is the design that is Along with a license for it to be printed. Buried in corners of the Internet are marketplaces where customers can Budding designers are selling their plans for printing at home or in the workplace. Customers can 5 Use his or her own printers or they can buy the design and have it printed on the marketplace’s printer And then delivered Underlying Factors in E-Commerce ASSOCHAM Study (2015) found the highest growth rate in the apparel segment, almost 69.5 per Cent over 2014, followed by electronic items, up 62 per cent, baby care products, up 53 per cent, Beauty and personal care products at 52 per cent and home furnishings at 49 per cent.
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