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Major Challenges of Ecommerce in the Developing Nations 640 406 ImplicitPay CO

Major Challenges of Ecommerce in the Developing Nations

Ecommerce can change the economies of the developing nations. It can integrate them to the global market which in turn improves and strengthens the economic well-being of these nations. However, the practice of Ecommerce in these nations is in its early stages and there are also major challenges that can hold back its growth. I categorize them in two major parts as follows;

Cultural issues

1. Lack of online culture

Electronic way of doing business is a new concept for the societies of the developing nations. People usually buy and sell on face-to-face basis. They see and touch (physically) what they want, negotiate on best deals, and buy. This is the type of business activity they are familiar with, which is entirely different from online way of doing it. The idea of buying goods and services that cannot be seen and touched physically is not the type of risk they can afford. They are not confident also whether online merchants are trust worthy enough to deliver products and services as promised.

Merchants as well are afraid to sell their products over the Internet. Considering the lack of online buying habits of the society, and because of the reason that electronic way of doing business is not well-known, they think it is a high business risk to take. They usually are not willing to invest on online ventures. Thus, this extremely damages the growth of Ecommerce in these nations.

2. Lack of Trust

Basically, trust is a major issue in online business environment. As I mentioned earlier, people in the developing nations are not confident with online way of doing business, by which one of the major reasons is trust. Because Ecommerce is not a practice in these countries, and business is usually done on face-to-face bases, people usually raise trust issues. They are obliged to think how could they trust people they do not see and may be found thousands of kilometers away? Besides, because there are no Ecommerce policies and laws in most of developing countries, they are afraid where to go in case of disputes.

Infrastructural issues

1. Limited access of Telecommunication infrastructure and high cost of Internet

Ecommerce requires technological foundations. One of the major ones is access to the Internet. To run an online business one needs an Internet connection with stable and high connection speed. However, mostly the Internet connection type in the developing nations is a dial up connection, which is very limited and slow. Besides, the cost of possessing it is high. This is another challenge Ecommerce faces in the developing nations.

2. Limited access to Personal Computers

Another major technological facility Ecommerce needs is Personal computers. Possessing computers is expensive in the developing nations because they usually are imported products from the developed nations; which is another major challenge for the growth of Ecommerce in these countries.

3. Lack of Electronic payment facilities for enabling transfer of funds

Banking is another major facility needed to do Ecommerce. And in most cases, the developing nations lack this major facility. Online merchants in these countries are obliged to use banking facilities offshore if they are going to do business over the net.

4. Imperfect legal system and policy barriers

To do Ecommerce, perfect legal system and policy is required. Without them it is impossible to do business online. However, these nations usually lack these major systems which in turn could make doing Ecommerce difficult.

However, even though doing business online in the developing nations is difficult, it is not impossible at all. It can be done given the circumstances. It could take more effort to be successful though. In addition, the industry needs time to utilize its potentials.

Thus, realizing the potential of Ecommerce in the developing nations, there are concerned bodies by which their co-operation can make a big difference. They are government, professionals, online merchants, banks and customers. If they can work together and collaborate, they can fully avoid all the above mentioned obstacles and can benefit their nations from the outputs of Ecommerce.

Source by Hanna Shiferaw

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