Online Businesses

10 key factors why some e-commerce have succeeded can be attributed to the following factors: 

1. The ability to look into the future: this is definitely an important aspect as it enables individuals to be thinking ahead and allows them to have more foresight and hence, keep up with the times
2. Advertising: it plays a huge role in getting your page into the top hits of a search engine. also, more people would more likely view that particular page if it were deem to be popular.
3. Capital: To ensure the success of any business, a capital that is enough to sustain the start as well as the growth of the business would definitely be a boost to the company
4. Interactive: There should be some interaction between users to ensure that the transactions go smoothly.
5. Sufficient information: There has to be enough information about the product to ensure that the consumer knows exactly what they’re getting
6. Target market: A target market has to be created to ensure that the product being put out there suits the needs/wants of the consumers.
7. Terms and conditions: This is to protect both the company as well as the consumers from any problems that may occur during the transaction process.
8. Up-to-date Technology: this would enable the consumers to find what they want with much ease as well as establishing that the company takes pride in being updated with new information.
9. PayPal: For the most obvious reason.
10. Never Give Up: Having a business online is something similar to having a double life, and it may be a little tedious to juggle both online work as well as reality. However, with a little hard work, the results will be more than fruitful.

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10 reasons why some e-commerce failed

1. Lack of foresight: the need to constantly look into the future lies on the constant change of the world of technology. Hence, e-commerce has to always look for the now instead of focusing on the present.
2. Inability to keep up to the pace: Business online moves very quickly and people are online 24/7. Hence, the need to always be on your guard and constantly monitoring the site is exceptionally important.
3. Tardy: tardiness does not work in both online and physical businesses, there is no way one can succeed if one were to be tardy and lazy. Nuff said.
4. Lack of drive: Keep the goal in mind and never falter.
5. Not consumer driven: The customer is always right.
6. No plan: Planning helps in creating a path towards success, without establishing this path, the journey towards reaching the company’s ‘nirvana’ would take longer tha expected.
7. Give up: The road to succeed in the virtual world is getting increasingly hard due to the prevalence of a myriad of different groups. Hence, in order to succeed, the ‘never give up’ mentality should remain, else, the road to failure is set in your sight.
8. Arguments: Between partners, this would most probably occur, due to differing perspectives. However, with a little persistence and conversations to sort out this problem, this should be kept to a minimum.
9. Safety: Always ensure that both parties are kept safe from any problems that may occur. Else, the company’s downhill spiral is in sight.
10. Creativity: Without being creative, your company’s gonna look like a typical run-of-the-mill ‘shop’ with similar items and similar procedures. To make yourself stand out from the rest is definitely tough, but it will boost your business greatly. Fer sure.

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How to make e-marketing a success

To do marketing online is something that has to be constantly upgraded and watched. The movement of information online moves so quickly and its constantly changing, hence there has to be a medium of some sorts to sieve out the bad and channel the good to the public.

Also, the need to be kept in the loop of mainstream trends is important to allow the company to be contemporary in its infomation.

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Issues about security, privacy and legal issues for e-business

Issues linked to these factors are especially important for businesses as it helps to protect both the consumer and company from any means of fraud or from being cheated. Hence, its important to establish some sort of rules or terms and conditions to ensure that both parties are kept free from such problems. This would also prevent any feelings of mistrust between both parties.

Privacy is also exceptionally important as embezzlement may ensue if information regarding the running of the site were to get out into the public. Private information may be leaked out, hence creating major problems for the company.