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eCommerce Development and Business Dynamics

The number of Internet users are burgeoning rapidly throughout the globe. While in the developed nations, it has already reach a saturation level, in growing economies like India, internet penetration is becoming stronger. Internet grew as an empowerment for common people and a massive business platform for enterprises. Among numerous trends that internet brought among people, eCommerce emerged as a massive disruption in business dynamics and in lifestyle of commoners. It brought the lavishness of shopping right at the clicks on the computer or taps on mobile devices, while, products as well as services reach the doorsteps.

eCommerce has become a proven profitable venture with considerably low investment and high profit. However, the profit part is dependent of several factors. It can become a complex business to handle, as it involves many critical operations right from accumulation of products, delivery, customer services to maintenance of technology, massive human resources, and warehouses. Only a seamless tandem in all these operations can lead to a running eCommerce business, that can bring good Return on Investment.

To venture into eCommerce, prospective business owners must first find a dependable firm to develop the central platform or the web portal. They can also hire technology experts for in-house development, but it brings along the cost of development and technology infrastructure. In the primary stages, many other operations, like collecting products from vendors and marketing are required. Hence, outsourcing the development of the platform becomes a profitable option. Businesses would only need to find a good eCommerce Development company.

Since, technology is a central aspect in eCommerce industry, adequate importance is given in web development for creating the web portal. This thrust in technology propelled a dynamic boost in IT sector. Especially, application development, web development and technologies like PHP has found their ways to massive popularity and importance in current business landscape. In fact, there is a competition among businesses to buy the best technology or to develop the best platform.

In eCommerce, the web portal, or the technology is at the center of all its operations. It is not only the interface of the business with consumers, but also the prime mechanism in which the business runs. The website serves multiple purposes all at the same time and it is that single touch point of all major interactions with consumers. Accessibility of services and abundance of features in the web portal is a secret mantra for success in eCommerce. Therefore, the imperatives of technology in this business is the central focus for enterprises and owners.

Ecommerce Marketing – How to Use Buyer Source Tracking to Analyze Your Online Sales Funnel

So how do you determine which portion of your Ecommerce marketing business is accounting for 80% of your sales, using 20% of your resources?

You must track your buyer sources. You must compile tracking data, and then analyze that tracking data until you have teased out the 20% that is most profitable for you.

There are a number of ways that you can do this. You can use tracking software on your web site that tracks the origination of your traffic (using ip addresses, cookies, or some other similar technology). This is the most popular method – and it is the easiest to use and to set up.

However, I use a different method, one that is considerably harder to set up, and does require a few minutes of my time each month the compile the data. However, I believe that I get better long-term results by using my method.

Keep in mind, however, I only track about 60 or 70 different incoming traffic sources, as I do not generally use PPC or other keyword Ecommerce advertising. If I did, and I had perhaps 100’s or even 1000’s of incoming traffic sources (treat each keyword and keyword origination point as a source), then I would be forced to incorporate tracking software, however I believe I would use it in conjunction with my current method.

Before I describe in detail my method, let me explain the methodology behind it.

First, what is more important? Knowing where our traffic comes from, our subscribers come from, or our buyers come from?

Since our buyers are the ones who pay our monthly bills and our vacations, I consider knowing where my buyers are coming from as premium information.

Tracking traffic and subscribers is only useful for short term evaluation and helps us make short term traffic decisions. Buying decisions by subscribers may take months, so if we relied on buying data alone to decide on our traffic sources, we would have to wait a longer period of time before receiving preliminary information. And I do consider traffic and subscribers as preliminary information.

Once I have buying data on my traffic and subscriber sources, I can then make decisions about the actual value of my various Ecommerce marketing traffic and subscriber sources.

If you are out to attract prospective customers and develop your online presence and exposure, you owe it to yourself and the financial future of your business to learn everything you can about Internet marketing.

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What Ecommerce Marketing Could Provide Your Business

It is one thing to run your successfully business on a day to day basis. But with the changing economic and social climate, this task is getting more and more complicated. With the arrival of the internet came new avenues and technology that everyone involved in business simply could not ignore. One of the biggest of these new technologies is the internet. To ignore the internet can mean failure for a small business these days.

If you have a small business that you have been trying to successfully run, you know that it can be a bit difficult to do as well as you might hope. This is why you need to take advantage of all the opportunities that you can get in terms of marketing so that you can be more successful. Many small businesses have gained quite a bit from ecommerce marketing. This is placing your products and services online through automated websites to help you with your customers and sales.

Having an ecommerce marketing website will help you take orders all day long without you having to be there. This is a huge advantage to the small business owner because time is already restricted as you are so busy. This site can be online taking orders for you whether you are working or not. The automated sales process that it provides you is amazing.

Staying in touch with customers is very important. Doing this all on your own will require hundreds of hours of focused work. With ecommerce marketing today, these processes can be automated. Shopping carts for example have the ability to continue contact with your customers and clients automatically suggesting additional products or services helping to produce more sales. These automated systems help you tremendously since it’s hard to do all the work by yourself.

Many might not be aware of this, but the internet is one of the best places to advertise to your local market. While most people might think the internet is only for the largest of companies, many have been using variations of ecommerce marketing to be successful in their own neighborhood. With a small business this type of cheap advertising is very effective since you can get customers at very low costs.

While it might seem a bit overwhelming, the process of getting your goods and services online through automated methods isn’t that hard. You should take advantage of ecommerce marketing today so that you can attract new customers from your local area and have more success.