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4 Categories of Ecommerce 638 640 ImplicitPay CO

4 Categories of Ecommerce

Ecommerce or electronic commerce is transactions or other terms of sale that are performed electronically. This involves purchasing, selling, and exchange of goods or services for the exchange of money using computer networks such as the Internet. Opposing to the popular belief, ecommerce does not only exist on the web. In fact, ecommerce already existed and do well in business-to-business transaction since the 70s via EDI (Electronic Data Interchange) through VANs (Value-Added Networks). Ecommerce can be further broken into four main categories B2B, B2C, C2B, and C2C.

• B2B (Business-to-Business)

B2B definitely deals with companies who are doing business with each other. An example of this is manufacturers who are selling their product to distributors, and the wholesalers are selling it to retailers. Thus, the pricing can be based on the number of orders and is frequently up for grabs.

• B2C (Business-to-Consumer)

Business-to-consumer typically involves selling products and services to the general public or consumers through the use of catalogs utilizing shopping cart software. B2B can easily earn a lot of money; on the other hand, B2C is what really in mind in an average customer when it comes to the ecommerce as whole. With the help of ecommerce, you can easily purchase many things at time without having human interaction. An example of these if you are having hard time finding a book, when you need to purchase a customized, high-end computer system, or finding a first class, all-inclusive trip to a tropical paradise island. Thus, ecommerce can help you purchase the products all at the same time.

• C2B (Consumer-to-Business)

An example of C2B is when a consumer posts his projects or assignments in the Internet and web site. The consumer sets a budget online where within hours many companies reviews the requirements needed by the consumer and then bid on the project. It empowers the customers around the globe by providing the meeting ground and platform for that certain transaction.

• C2C (Consumer-to-Consumer)

A very good example for C2C is the eBay. It is where consumers sell their products to other consumers through bidding. Thus, the one who bids the highest can buy the product. Another example is the sites offering free classified ads, auctions, and forums where consumers can buy and sell products to other consumers. They use PayPal as a tool for online payment system where they can send and receive money with ease through online.

There is another form of ecommerce which is the B2E or Business-to-Employee ecommerce. Here, companies are using internal networks to offer their employees products and services online. It may not be necessarily online on the Web.

The other forms of ecommerce are the G2G (Government-to-Government), G2E (Government-to-Employee), G2B (Government-to-Business), B2G (Business-to Government), G2C (Government-to-Citizen), C2G (Citizen-to-Government). These transactions involves mainly with the government, from procurement to filing taxes to business registration to renewing license. There are still plenty of other categories that exist but then they tend to be superfluous.

Source by Tina L Douglas

Top Digital Marketing Trends in 2019 640 452 ImplicitPay CO

Top Digital Marketing Trends in 2019

Somewhere between a robust plan of action for Q1, 2019 and making digital marketing strategies, it’s good to know about how the market will shape up in the year 2019.

Below are a few trends which will rule the digital marketing all over the globe.

Video Marketing

One of the most effective digital marketing techniques next year will be video marketing. According to a report, 80% of the online content will transform into a visual representation. It will give an overview of the product and services with a tint of entertainment and humor.

Since the adoption of smartphones and social media platforms video is preferred as one of the best ways of marketing a product. A short video not only communicate a message effectively, but it is also capable of giving your campaign an emotional environment.

AI – The Future of Machines

According to a report from Adobe, soon machines will be decisive enough to make strategic marketing decisions. Isn’t it mesmerizing? Imagine all you have to do is to store all your data in a machine server and you will get suggestions for your marketing strategies. It’s not over yet; these strategies will be in sync with your customer behavior patterns. AI will change the face of marketing immensely in the near future.

Automated Chatboxes

I am sure you must have encountered a chat box while surfing on the internet. Chat boxes are one of the most widely implemented applications of Artificial Intelligence. Not just they display results at a faster rate, also chat boxes are humorous and offer a personalized experience to the clients. Moreover, in a recent report from IBM, 85% of all the customer service interactions will be done by machines by the end of this year.

Voice Search

You must be hearing about Alexa and Google Home these days. If not, read about it. A research report says, 65% of smart speaker owners say that they don’t want to go back to a life without a voice-controlled assistant. Smart speakers will change the ways of data surfing.

Have you tried searching content through voice commands? That’s where digital marketing comes into play. All the SEO you do on your website must rely on voice commands as well.

The fall of the Kingdom- Internet vs. TV

In this millennial generation, where a person spends more time using a phone or surfing internet television is merely a device to connect gaming modules. According to study, people will spend approximately 2.5 hours online and 2.7 hours spending their time on tube. This leads to a change in advertising pattern transforming from television channels to internet sites.

Content – The Trustworthy Soldier

We read articles, blogs, newsletters, and what not, on a daily basis. But what if you don’t find genuine content which you can trust? Content is not just about facts and figures, it must be easy, clean, and lean. In the year 2019, content will have the same importance which it had earlier. It makes a data set trustworthy and genuine though any media.

If you still seek any information regarding the same, connect to us and let our experts help you with some deep-dive insights on digital marketing trends in 2019.

Source by Prashant Bhatia

Shopify – A Boom to the Ecommerce Industry 640 352 ImplicitPay CO

Shopify – A Boom to the Ecommerce Industry

SHOPIFY, a Canadian based eCommerce company with its headquarter situated in Ottawa, Ontario is worldwide famous for its proprietary eCommerce platform establishment for online stores, eCommerce sites and retail point-of-sale systems.

With the launch of Shopify in the market in 2004 and integrating advanced features in this platform till date, the days are gone of having to worry about all the head-scratching issues and works that comes with setting up a website right from scratch, that too just to run our own online store.

Shopify undoubtedly is one of the most popular choices among the customers to set up their online store. It offers tons of valuable extensions, and its ace in the sleeve – the simplicity of interaction.

WHY SHOPIFY IS WORLDWIDE FAMOUS:

No doubt, Shopify is famous worldwide, but let us have a look at the points that prove these words valid:

Shopify Is A Fully Hosted E-commerce Platform:

Talking about the features of Shopify, the first comes out to be, Shopify serves as a fully hosted eCommerce platform. This means we no longer have to have a separate payment integration method, site content management, and web hosting. All these come in the same pack and all we need to do is to provide our customers products and services.

Great Customer Support:

This point serves as one if the best feature of Shopify! Shopify’s great customer support dramatically not solves the problems that can arise when having to learn a new system but also reduces the stress of the customers.

It is unique as it offers chat, Email along with 24/7 phone support enabling us to actually speak to someone in our moment of need, rather than leaving us to pull your hair in frustration!

Functionality:

The functionality of the Shopify is so advanced that it provides us with an app/plugin style platform which allows us to download, install and fully customize the website and provides the surety to enhance the sales and leverage on social media.

Not only this but; Shopify also provides us with features such as accounting, inventory management along with business reporting. We can even add email autoresponder integrations which can help us to automate and run our business on autopilot!

Marketing Capabilities:

Shopify provides us with ultimate marketing capabilities such as detailed data analysis and marketing abilities. This basically includes a built-in blog for us to write blog posts and create content to market your products. As blogging can be one of the fastest ways to increase our online visibility and boost our website SEO rankings, helping us to drive customers to our website.

Shopify also allows us to create quick and simple website landing pages which can directly attract the customers towards our business. It simply the things by using tools like Google AdWords and Fb Advertising and allowing customers to easily make purchases.

Other effective marketing features include the Abandoned Cart Recovery feature where we can get Shopify to send a targeted email to the site users who for whatever reason ended up abandoning their cart that too after almost completing a purchase.

WHY CHOOSE SHOPIFY FOR E-COMMERCE STORE SETUPS?

With most platforms, when we want to develop an eCommerce site, we are going to spend many days to develop the site as per our expectations but Shopify shows the points of figuring out how to use time efficiently with its advanced features. With Shopify, it’s all pretty much intuitive and attractive.

Shopify is an incredibly reliable platform. This platform, for example, brings, even more, options and features for our marketing operations to run as they should but in much effective manner.

The main point because of which Shopify gains all the attention in developing eCommerce site is; Shopify allows us to have full control over the appearance and setup of our store and Shopify truly is great as it is one of the CHEAPEST, fully integrated and fully hosted website solutions.

Basically, SHOPIFY LETS US FOCUS ON WHAT’S IMPORTANT IN RUNNING OUR BUSINESS! Now if you’re struggling with understanding what website hosting is or even how websites work; or if you are concerned and thinking about getting your eCommerce site developed, you are welcomed to Shopify development company.

CONCLUSION:

2019 is the year of action. This is the year to give a great head start to your thoughts on developing a perfect eCommerce site and to convert your thoughts, ideas, and dreams to reality.

So, in order to turn thoughts into reality, you can get in touch with an eCommerce development company and can know the further features and can know about their insights on maintaining an eCommerce site based on renowned “SHOPIFY” platform.

Source by Rahul Sharma

Plannet Marketing Review – Is This Travel Company The Real Deal? 640 237 ImplicitPay CO

Plannet Marketing Review – Is This Travel Company The Real Deal?

So lately, I’ve been getting a few messages about a new Travel-based Network Marketing company called Plannet Marketing. And chances are if you’re reading this, you’re probably thinking about joining and you’re doing some last minute research on the company. If that’s the case, then look no further. In this Plannet Marketing Review, I’ll cover all the essential details you’ll need before you join. With that said, I do want to disclose that I am not a Plannet Marketing distributor. In all honesty, it really doesn’t matter to me one way or the other if you join so you know you’ll be getting a truly unbiased review.

Who Is Plannet Marketing?

Plannet Marketing is a company that sells travel through a Network Marketing business model. The company is based out of Atlanta, Georgia and as of this writing Plannet Marketing is just over 6 months old. The company was founded by Donald Bradley, formerly of YTB and Paycation Travel. Bradley brings with him 20 years of experience in Network Marketing. Before starting Plannet Marketing, Bradley was the Master Distributor and #1 Income Earner in Paycation Travel. He literally had everyone in Paycation in his downline and was responsible for bringing in the company’s top leadership group. I’m not sure what happened, but around the time Craig Jerabeck and Barry Donalson left 5linx and joined Paycation was the same time Bradley decided to leave. Maybe he didn’t feel good about those guys joining and being sponsored by the company when he was the Master Distributor. Who knows? And who really cares? Regardless of the reason, it looks like Bradley was willing to walk away from everything he built to start from scratch again. Overall, the company looks pretty solid. And while it’s too early to tell if they’ll even be around for the long haul because they’re only a few months old, Bradley and the other members of the Corporate team bring a ton of experience in Network Marketing and Travel, which is a good thing.

How Do You Make Money With Plannet Marketing?

The actual compensation plan provides several ways for distributors to get paid. But the crown jewel of the compensation plan is the 3X9 Matrix. With a Matrix model, it’s critical that you get a spot early on if you want to capitalize on spillover. If you’re positioned underneath a strong builder, you can benefit from their efforts as they place people under you while they’re filling up their Matrix. With a fully filled 3X9 Matrix, you’ll have 29,523 distributors underneath you. If they’re all active and you get $4 monthly from each distributor, you can make up to $118,092 monthly. In addition to your Matrix pay, you can also earn a 10% Match on the Matrix pay of your personally sponsored distributors.

In addition to the Matrix, the company provides monthly bonuses to Directors. Here’s a simple breakdown of how the Director bonuses work:

1 Star Director – 100 active distributors – $500/month

2 Star Director – 300 active distributors – $1,000/month

3 Star Director – 500 active distributors – $2,000/month

4 Star Director – 1,500 active distributors – $5,000/month

5 Star Director – 4,000 active distributors – $10,000/month

6 Star Director – 10,000 active distributors – $16,000/month

7 Star Director – 25,000 active distributors – $30,000/month

8 Star Director – 50,000 active distributors – $50,000/month

9 Star Director – 100,000 active distributors – $100,000/month

Between the Matrix Pay, the 10% Match on your personals and the Director Bonuses, it’s pretty clear that there’s plenty of money on the back end. If you’re a strong team builder and you have a knack for creating good culture, Plannet Marketing might be a very lucrative opportunity for you.

Should You Join Plannet Marketing?

Well, only you can truly answer that. The company certainly looks solid. Travel is a very marketable service that’s easy to talk about. And the compensation plan is generous and lucrative. All those things together should guarantee success, right? Unfortunately, nothing could be further from the truth. At the end of the day, it is your ability to sponsor people into your business on a consistent basis that will lead to your success. This is why I recommend that you learn Attraction Marketing. If you can position yourself in front of prospects that are already looking for what you’re offering, you’ll have no problem getting leads online. And if you have an abundance of quality leads, there’s no telling how successful you can be.

Source by Jaime Soriano

How to Overcome the E-Commerce Catalogue Management Challenges? 640 426 ImplicitPay CO

How to Overcome the E-Commerce Catalogue Management Challenges?

Are you facing difficulty in managing the product catalog at your e-store? Are you unable to maintain product data on a timely basis? If the answer to these questions is “Yes”, one thing can help you lead the market and compete with the online retail world. That’s a systematic approach towards e-commerce catalog management.

catalog management is important as it not only helps the store owners but the customers as well. It can make the life of merchants easier and they can promote their product sales. For customers, they get a continuous update about the product information thereby helping them to make a correct purchase decision. So, a product catalog has the ability to make or break a business. This makes it crucial to have it for your business.

This was just an example. There are various challenges that a business faces with its product catalog management. Let us learn about the problems and the ways to rectify them.

Non-Updated Products

Let’s say you have more than 1000 products at your e-store. It becomes very difficult to update the details of each and every product at your e-store. It is even more chaotic to update the product price variations and other details in order to streamline other online retailers in the e-commerce arena. If you don’t modify the information, it can mislead your customers. Result? You lose customers and face business losses.

A product catalog management can save your time and refurbish the product related information as per the pre-defined standards. So, the next time your customers view the catalog, they get to know the new prices and updated information. That will help them to decide its uses and make a purchase decision.

Haphazard Product Listing

Would you be able to locate your favorite book from an online library if the books were maintained in a haphazard manner? “Never”. Same goes for your online store. The online store resembles a jungle with everything scattered over places. If the customers are not able to locate the products they desire, they would not turn to your store to buy any product. Eventually, you will land up making losses for your e-store. So, how would you overcome this issue?

Most of the e-store owners opt for catalog management system. This system helps in indexing the products with their images and information in proper manner. This is the key to the success of your online store. If the customers are able to easily locate the products they are looking for, the sales of the store will eventually improve.

Unorganized Product Data

If you want to attract customers to your e-store, it’s necessary you are well equipped with unique product information. This helps the customers to easily get information about the products through search engines. Hence, it is advisable to avoid duplicate content on similar products as they hinder the SEO ranking for your store products. Moreover, consistent data on product over your entire store aids in attracting more customers to the store.

It often happens that we erroneously pen down faulty product information leading to irate customers. Therefore, it is better to acquire e-commerce catalog management services from any reputed organization. It ensures that your product pages have unique, relevant, and creative content. It also maintains a consistent flow of data removing manual errors.

Product Image Editing

“Images compliment words.” So, to get higher conversion rates for your store products, visual presentation becomes important. Creative product sheets, specific effects added to the product images – all this adds an extra appeal to your products. But, this process is a time consuming one.

Therefore, you should be smart enough to affix a catalog management system to your e-store. It fulfills this work quickly and efficiently. This system helps in placing images matching the product. It has a tool that permits you to edit the image. Moreover, you can input a variety of colors, font, font effects, background and make it as alluring as possible.

Festival Deals

If you facing difficulties managing so many products at your e-store, imagine how difficult it would be to manage your products during festival days. These are the days when you would want to introduce new deals to your customers. You might need to design banners, put discount prices, etc.

At this juncture, an ecommerce catalog management acts as a savior. It helps you design informative designer banners and helps to update the product catalog with discounted prices. Your customers can then make a buying decision knowing the updated information and festival discount offers.

Winding Up

This is how you can optimize product catalog management and overcome product related challenges. It helps you achieve skyrocketing sales in less time. So, what are you waiting for? Just implement it for your e-store and achieve systematized product management.

Source by Maulik D Shah

Top Ten E-Commerce Payment Gateways 640 455 ImplicitPay CO

Top Ten E-Commerce Payment Gateways

Payment gateways are third-party facilitators that allow you to acknowledge payments from your clients online. A payment gateway will usually have a selection of payment alternatives, which include:

  • Cash cards
  • Credit Card/Debit Cards
  • Net-banking

When the client wants to pay from an online store, he can select the option which he gets most suitable and pay you. In a way, the payment gateway operates as a bridge connecting your bank and store to enable the shopper to carry out shopping without any hassle. In place for the service, the payment gateway claims their fee from you through a Transaction Discount Rate (TDR) on the transaction amount.

Online payment gateways are essential, if your business relies on an E-commerce website and require collecting finances on the website in lieu of services or products obtainable to process the payment made by your clients. This assists customers to pay without difficulty, and later on the seller/supplier/manufacturer can access the cash paid by the client/shopper either or ask for a check or withdraw from their bank account.

Below are the common and main top ten E-commerce payment processors in the world:

1. PayPal

This is a top-tier payment acquirer and most popular worldwide. In 2011, PayPal was able to do 4 billion USD transactions in terms of payments.

2. Authorize.Net

It became well-liked in 1996 and ever since it has conducted funds transactions amounting to billions. To register an account, you need to pay a one-time startup fee of $99, monthly charges amounting to $20 and $0.10 for every transaction.

3. Braintree

There are no setup cost for merchant account service and online payment processor. The transaction fee per every transaction includes 2.9% + $0.03 for the qualified cardholders.

4. Sage Pay

There are more than 40,000 businesses using Sage Pay because it is believed to deliver secure payment services. It is reported every month that this payment gateway can process up to millions of transaction payments.

5. Google Checkout

The account is connected to a Google profile enabling Internet users to pay for services and purchase the products online.

6. Amazon Payment

This payment processor was initiated in 2007. This is a product of Amazon.com, which enables account owners to send money via ACH and receive funds using Amazon API. The transaction fee ranges around 2.0% + $0.03 for transactions above $10 while payment below $10, the transaction fee is 5.0% + $0.05.

7. WePay

This payment gateway is used for taking in payments for products, donations, event tickets, etc. It has no setup fee or monthly charges.

8. 2CheckOut

2CO or 2CheckOut allows users to receive PayPal payments and credit card payments. It also provides recurring billing facilities, shopping cart stores and international payments.

9. Dwolla

It transacts and processes 1 million USD payments daily. The transaction fee or charges are not less than $10.

10. Moneybookers (Skrill)

This is the simplest payment processor with more than 120,000 merchants worldwide with 41 different currencies and 100 payment options.

Source by Ahmad Wali

Things To Consider Before Hiring Business Consulting Services 640 427 ImplicitPay CO

Things To Consider Before Hiring Business Consulting Services

Using the consulting services can actually improve the quality of decisions and therefore can improve the profitability and the viability of any project or business. Therefore, while starting a company venture or investing in an opportunity, the trade owners need to make a complete outline of all the necessary resources, skills and information needed for completing the task. Most of these may be offered by the project associates of the company, but still the companies need someone or to be more specific a business consultant, who has the necessary skills to investigate a market opportunity thoroughly. Besides, companies can also take the help of this professional to grow their trades, to conduct feasibility analysis, to do “due diligence” on any project and also for many other purposes.

But this doesn’t mean that hiring a random professional will do. In fact, there are a few important things that need to be considered before. This article describes the necessary things to consider before hiring the right consulting services for your organization.

  • Unimpeachable character of the consultant: To start with, a good consultant should be a consummate professional and a person of a great character. Besides, the professional should always be ready to put the best interest of the clients ahead of his/her own.
  • Creative problem solving ability: He/she needs to be a great problem solver, to solve the issues successfully that a business may face. It is because, the companies only hire experts to solve their existing problems. Apart from that, a successful business consultant must have great analytical skills as well as the ability to readily synthesize his or her thoughts to reach conclusions.
  • Great experience: A good consultant must have experience with the opportunities or challenges that the owner or the company is facing. He/she may not be aware of a specific industry or company, but should easily be able to discuss all the issues that an organization faces.
  • Good interpersonal skills: To be very clear, to help any organization to stand out, the consultants need to build up trust based relationships with the company professionals. This will help the business owners to be comfortable enough to show the personal details of their businesses. The relation between a consulting professional and a company owner needs to be completely different from the relation between a doctor and a patient. The right professional will also be capable of creating immense value. But without total candor, the person will be hindered in the effort to help the organizations.
  • Great communication skills: A good consultant must articulate and should also have exceptionally strong communication skills both in writing and verbally. It means the ability to write eloquently and speak articulately is very much important. So, before a consulting professional offers you useful solutions to improve your business, he/she needs to understand all the challenges properly that your organization faces.

Source by Sarbani Bhattacharjee

Four Types of Marketing For Small Businesses 640 354 ImplicitPay CO

Four Types of Marketing For Small Businesses

As a small business owner, you most likely spend quite a large amount of time trying to discern new ways to gain customers. Marketing can be a fun or stressful business. They key is to understand the types of marketing.

Instead of sending your marketing budget in many different directions, you can choose a specific type and be consistent with it. You will quickly see that your marketing budget pays off much more quickly.

Here, you will find information on four of the main types of marketing. This way, you will be able to choose the marketing actions that will work best for your business. You will then be able to point your marketing budget in the right direction.

1. Blanket marketing is a type that is often used by larger business. Blanket marketing means that you spend money advertising to everyone. Many people choose to do blanket marketing by advertising in magazines or newspapers. You will not really have control of who sees your advertising, but you will have the potential to reach many people.

The downside to blanket marketing is that it can be quite expensive, and you could be wasting money marketing to people who may never become your customers at all. Blanket marketing is best for those who have plenty of funds available and who feel that they will be able to gain many customers from the plan.

2. Targeted marketing is a method in which you choose a certain demographic and only market to them. This could mean that you advertise to everyone in a certain area. Alternatively, you could advertise to everyone in a certain age range.

The great thing about targeted marketing is that you will have a much better chance at getting customers since you will be advertising to the types of people who would most likely become customers. The downside is that it will take a little legwork to determine who your target is and then find the right way to advertise to them.

3. Social media marketing could be called the new kid in town since it is relatively a young concept. With this marketing, you use any one of the many popular social media sites to advertise your company. You can also use a daily blog to garner business.

The downside to this type of marketing is that you will be sending your information out to many people who may not be interested at all. With blogs, you will have to take the time to keep the blog up to date. Otherwise, people may stop reading it.

4. The last type of marketing is not marketing at all. There are not upsides to this. It may seem like a way to save money, but when your business fails, you will actually lose a great deal of money. It is extremely important to find marketing funds within your budget.

Source by Melissa B Evans

Benefits of E-Commerce in Modern Times 960 640 ImplicitPay CO

Benefits of E-Commerce in Modern Times

In the last era, we have seen E-Commerce websites working on the Internet. Every businessman is looking to have an online store where they can sell their range of products and services by expanding the requirement for the E-Commerce industry. One can get a lot of benefits by opting for E-Commerce as it delivers a comprehensive range of benefits to retailers and merchants.

It benefits your company

It goes without saying that your company is your priority in this case; but without satisfied customers, there won’t be a successful company – which means that everything goes hand in hand.

The benefits your business will experience if you invest in an E-Commerce website for it are abundant. First of all, think about how expensive it is to rent out a shop space where your shop is well seen and in a prime area. If you have your shop online, anyone can see it; not only the people who happen to walk past it. This benefit saves you and your business plenty of money. We’re not saying that you should give up having a floor shop altogether, but it certainly saves you from having to rent out something extravagant in an expensive area or shopping center.

Low Operational Costs

To generate an E-Commerce website requires very little capital investment compared to purchasing business premises. The difficulty with ‘physical’ business premises is that there is a need for high visibility and the location will always be a key issue. The design and development of an E-Commerce website can be a comparatively moderate investment relative to a business’s turnover. The potential to save money on personnel as checkout, payments, delivery and all over operational processes can be fully automated in the E-Commerce website.

Convenience & Easiness

E-Commerce becomes one of the preferred ways of shopping as they enjoy they are online in today’s the world, because of its easiness and convenience. They are allowed to buy products or services from their home at any time of day or night.

The best thing about it is buying options that are quick, convenient and user-friendly with the ability to transfer funds online. The consumers can save their lots of time as well as money by searching their products easily and making purchasing online.

Selling Products globally

If you are running a store, it will be bounded to the geographical region for which you can provide service, but on the other hand with an E-Commerce website, you can sell your goods and services globally. Additionally, the remaining limitation of geography has dissolved by m-commerce that is also known as mobile commerce.

Expand Customer Reach

E-Commerce provides new channels for you to reach more customers. Whether you’re just starting out or an existing seller, there are new customers to serve.

Existing brick and mortar sellers can be limited by their location. Customers must travel to visit your store. With E-Commerce, you can sell to customers anywhere, anytime. This allows you to serve customers across or internationally.

Minimal Barriers To Entry

Any new or existing business has the ability to create and run a successful E-Commerce website. The technology is in position for any business to hold the Internet and enjoy the many benefits which E-Commerce offers. As discussed, the costs of running such a business are minimal and the initial investment is moderately low. Many of the barriers which are associated with having a physical business location are removed and a business only has to concentrate its efforts on creating a service which addresses the needs of its customers. At IT companies, we specialize in E-Commerce solutions and would welcome the opportunity to discuss your requirements.

Source by Jasmeen Kaur

Starting a Startup Business? Choose the Right Business Consulting Firm for Success 960 693 ImplicitPay CO

Starting a Startup Business? Choose the Right Business Consulting Firm for Success

Being your own boss is the dream of many and lately, the instinct seems to be taking the world by storm. People are now more inclined to start their own firm, it seems to lure many people and running an own business shows the larger than life picture, however, the reality is a bit different. As an entrepreneur willing to start a new business you need to understand the market, do the need analysis and many researches before executing your plan. You might be budding with business startup ideas but mere planning will not help you succeed, rather you need a right plan of action to succeed.

The upsurge of small business consulting firms has proven to be a panacea for startups. They offer the consultation and startup mentoring services which work as a guide for entrepreneurs to successfully implement and execute their business plan. Not only it supports the Business Startup Ideas but provides feedback to improve the business plan which helps in removing bottlenecks usually faced by startups.

Why do you need startup mentoring?

There is no denial to the fact that many startups fail in their nascent stage, and they may have a number of reasons for the same, the likes include entrepreneurs being naiveté and lack of supportive startup ecosystem, lack of funds, poor market conditions and much more. But, the most important factor that most of the startups miss is a lack of guidance, inspiration, and feedback from small business consulting firms and no startup mentoring. It might sound absurd to a few strong-headed entrepreneurs to take the support of a mentor to execute their business plan but these firms are a must to make your business successful.

Startup Mentoring – your ultimate supporter and motivator

In the lead to succeed, most of the entrepreneurs break rules or make mistakes which they are not even aware of, these mistakes, however, can adversely affect their business. Also, many times as an aspiring business builder you find yourself stuck in a situation where you don’t know how to proceed. Startup Business Consulting firms and mentors work as a savvy guide who constantly provides you feedback.

Initially, you may be having a lack of confidence but with the mentorship of a good startup mentor, you can move ahead with confidence and without hesitation.

How to find the right startup consulting firm or a startup mentor for your company:

You are entrusting your faith and vision on a person who will be your mentor or support or guide, hence, it is very important that you have a strong relationship with them and at the same time, it’s important that your startup mentor’s or consulting firm’s vision should coincide with yours. A good startup has the following qualities:

  • An expert-level experience
  • Already a successful entrepreneur
  • Are patient and action oriented
  • A harsh critic yet supportive

Before moving ahead and getting associated with any firm or person, as an entrepreneur you should check for the aforementioned qualities.

What does a good startup mentor do?

A good startup consulting firm or a mentor will:

  • Listen to your concept and give honest feedback
  • Will give you time and talk through your areas of difficulties. Since they carry with them good amount of experience, they also share their experience which helps you understand your problems and come up with right solution
  • They are action oriented and hence, always suggest practical ways on how to start a business by making optimum use of available resources

Takeaways-

You must accept the fact that it takes a village to become a successful entrepreneur, of course, your vision and idea is important but what’s paramount is its right and timely execution which only comes with the right support system. The upsurge of companies like Virgin startup is a move to support and guide the newbies in the business world to succeed and survive.

Source by Shivani S