The favorite costume or the latest electronic gadget is now just a click away, and they come with an efficient service delivery and customer oriented post sales service. More and more product manufacturers have evolved their business model to connect to consumers through e-commerce websites and promote their products online.
This not only helps them connect with the technology-savvy modern-day consumer and reach the market much quicker than what it was before the dot com age, but also receive an appropriate feedback about their products from the websites.
Gone are the days when consumers silently endure bad purchases, as more and more users are using the Internet and e-commerce websites to provide reviews and feedback about their recent purchases. The word of mouth is quicker to spread through in the digital space. And while positive reviews can make a product a huge success, at the same time, complaints and negative feedback can break its prospect to capture the market.
E-commerce Australia is a fast growing market, with most leading players in the world of e-commerce, including eBay, have strong presence in Australia, and e-commerce trading growing at double digit rate every year.
The digital buyer penetration is astoundingly high in Australia, with close to eighty percent of the Internet users present in the geography, who purchase something or the other from e-commerce website, quite ahead of its neighboring countries.
The ever increasing popularity of smartphones has enabled a large number of consumers to adopt buying and selling stuff from digital avenues, which helps them connect to a larger pool of audience in quick time.
Businesses today are characterized by fast go-to-market strategy and a strong presence in the digital domain. An effective e-commerce solution thus, forms the backbone of a business’ ability to connect with the customer through the Internet.
The entire customer relationship management cycle needs to be channelized, be it product management, shopping cart, order generation, shipping, offers and promotions or payment gateway, to meet the specific need of the business and its target audience.
In addition, availability in mobile is a must to ensure ubiquitous presence of the website for all consumers. With the growing competition in the e-commerce market, there comes a pressing demand to know the customer more, by analyzing her choice of purchases and order history.
Analytics comes into the picture and helps the e-commerce solution grow much faster than its competitors, being able to understand the customer better. Getting to know the feedback from the customer and analyze product reviews on the website as well as the social network goes a long way in giving the cutting edge in ensuring continued customer satisfaction.
An ideal e-commerce solution would be the one that houses all these features of traditional CRM, coupled with advanced features of social network integration, mobility and analytics, powering the sales and service cycle.
Many of these features must be tailored to cater the specifics of the business, which is critical in reaching the market in quick time. All these, topped by an attractive website, that is easy to use, navigate across web pages, compare products, and place orders with minimal hassles.
For the e-commerce industry, the website forms the face of the company and is an integral factor in deciding its popularity among the user community. Most businesses also have websites optimized for mobile surfing.
For businesses which have already ventured into e-commerce platform, and are looking to scale up the solution, seamless integration into the existing system is necessary to ensure expected up-time and user experience. Data security and disaster management is another aspect which should be championed by an e-commerce solution, ensuring daily data backups and security.
E-commerce has a strong role to play in making businesses a grand success. It is a place where consumers find the product they need, at the right price and where buyers meet sellers. It breaks geographical barriers and makes life easy for the end consumer, who can have goods delivered at their doorstep and make payments online, without any headache whatsoever.