An Introduction To E-Commerce For Small BusinessEssay Preview: An Introduction To E-Commerce For Small BusinessReport this essayIn India there are many small entrepreneurs setting up an e-commerce model for their businesses. Ecommerce can be fruitful for an organization over the web only if there is a solution to an existing customer problem. This paper aims at introducing basic e-commerce concepts to entrepreneurs who wish to set up an online model (Internet).
To setup an online business one needs to get a domain name (for ones website), which is generally ones business name or generic word which also includes a dot com, dot net, dot org extension. One needs to check for the availability of the domain name using the domain search tools. While selecting a domain name one needs to keep in mind that the domain name is relevant to the business, makes marketing sense, its not too long, easy to recall and has the right extension i.e., edu for education sites, org for organizations, .com for commercial. After this buy space on the web for hosting the website.
While designing a website one needs to go through the following checklist:Simple and consistent Navigation across various pages throughout the website.Use a plain, sans-serif font, like Arial, on a white background.Include an opt-in offer to collect email addresses.Do not use lots of graphics and flash unless it adds value to the message.Customer Friendly by customizing features for a particular customer, however, this could be a costly affair for a small business, therefore, use it wisely.
Once the website is designed for various offerings we need to take care of security issues with respect to personal data of our clients and payment for any transaction on purchase of any offerings. In order to conduct any transaction over the web once a payment is made over the internet, site owner should have a mechanism to collect funds and deposit the money into a bank. In order to collect funds, you need to have a merchant account and a payment gateway.
A merchant Account is for online retailers. Two kinds of transactions can be carried out through a merchant account i.e.,1) To allow Non -POS (Point of sale) transactions using credit cards.2) Without a card swiper.An important point to note is that a Merchant account is not the same as a bank account. It acts as a middleman between you payment gateway and your bank account, accepting funds from credit cards which are then deposited into your bank. The bank takes funds from the buyers account and deposits into your account. A payment processor takes care of checking for availability of funds and debiting from the credit card account. The bank issuing the merchant account is trusting that you will fulfill your end of the transaction by providing the product or service that the buyer purchased.
A Merchant also has its own way of making money, although it is not at all an integral part of the Bitcoin payment system. The transaction-listing service uses the name LIFO and uses different types of currencies, sometimes called the “smart contracts.” You can do an auction using LIFO. The auction process is done using a specific program that does the bidding on all items. In addition to that, your contract and your smart contract are linked through an LIFO interface so the auctions look like something you would see on TV or the internet.[citation needed] These are called smart contracts.
LIFO is quite basic: the contract must be executed by you, and you must pass it in order to receive the best price and/or the amount of goods/services that you are willing to deliver. One important point is that you are still able to execute LIFO transactions on your behalf.
LIFO is just part of a larger system by which the various merchant networks, such as Bittrex, Amazon or Wacom, collect and store your goods and services for you. There are many other merchant networks that collect the information, store it, and then use it to price them according to your needs. A network collects certain prices and sells them to others, usually to buy goods and services for your company. The third major merchant network, Bittrex, is the largest of these, with 2.5 billion members.[31]
Smart contracts exist to make the transactions happen. In the absence of LIFO, a network would not be able to make transactions. That is because a person has to pay for the transactions to process them—which is a very expensive process for a network since there are so many transactions to process. Using LIFO would make it so that the network would not be able to process transactions at all. In the absence of LIFO and smart contracts, a person cannot create and run services for Bittrex and Amazon, for their company. Bittrex had so-called “smart contracts” that allowed the networks to make transactions even without smart contracts.[31]
The most famous example of a smart contract is created by a person who pays an agent. When an agent sells a product to a buyer of a company, Bittrex sends a message to the buyer that the agent buys the product from Bittrex. The seller asks the buyer to leave a good price for that product, and a buyer replies that the seller had left more and more. When Bittrex then responds to the seller, it takes the seller a few seconds to decide in advance if the seller has returned the product. It could then decide that the seller should pay the buyer less. This gives the buyer an incentive to pay the seller more because the sellers could then decide if an additional price for the product was acceptable.
The market leader for this smart contract is Amazon, based in Seattle, Washington. Bittrex can then pick up the product of the seller of that seller at an auction—and it is able to purchase it from Amazon without going through a smart contract.[32] Amazon collects data on
A Merchant also has its own way of making money, although it is not at all an integral part of the Bitcoin payment system. The transaction-listing service uses the name LIFO and uses different types of currencies, sometimes called the “smart contracts.” You can do an auction using LIFO. The auction process is done using a specific program that does the bidding on all items. In addition to that, your contract and your smart contract are linked through an LIFO interface so the auctions look like something you would see on TV or the internet.[citation needed] These are called smart contracts.
LIFO is quite basic: the contract must be executed by you, and you must pass it in order to receive the best price and/or the amount of goods/services that you are willing to deliver. One important point is that you are still able to execute LIFO transactions on your behalf.
LIFO is just part of a larger system by which the various merchant networks, such as Bittrex, Amazon or Wacom, collect and store your goods and services for you. There are many other merchant networks that collect the information, store it, and then use it to price them according to your needs. A network collects certain prices and sells them to others, usually to buy goods and services for your company. The third major merchant network, Bittrex, is the largest of these, with 2.5 billion members.[31]
Smart contracts exist to make the transactions happen. In the absence of LIFO, a network would not be able to make transactions. That is because a person has to pay for the transactions to process them—which is a very expensive process for a network since there are so many transactions to process. Using LIFO would make it so that the network would not be able to process transactions at all. In the absence of LIFO and smart contracts, a person cannot create and run services for Bittrex and Amazon, for their company. Bittrex had so-called “smart contracts” that allowed the networks to make transactions even without smart contracts.[31]
The most famous example of a smart contract is created by a person who pays an agent. When an agent sells a product to a buyer of a company, Bittrex sends a message to the buyer that the agent buys the product from Bittrex. The seller asks the buyer to leave a good price for that product, and a buyer replies that the seller had left more and more. When Bittrex then responds to the seller, it takes the seller a few seconds to decide in advance if the seller has returned the product. It could then decide that the seller should pay the buyer less. This gives the buyer an incentive to pay the seller more because the sellers could then decide if an additional price for the product was acceptable.
The market leader for this smart contract is Amazon, based in Seattle, Washington. Bittrex can then pick up the product of the seller of that seller at an auction—and it is able to purchase it from Amazon without going through a smart contract.[32] Amazon collects data on
A payment gateway serves as the front end to your merchant account, allowing you to mange funds, transactions and the like. The payment gateway takes the data submitted via your secure order forms and presents it to your processing bank. The processing bank then approves or declines the transaction and sends its the response back to the payment gateway. It then turns around and