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SMEs need to unleash the power of e-commerce
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Bikky Khosla | 24 Apr, 2012
It has often been said that fortune of a small firm can have a direct effect of e-commerce, which opens up a world of unlimited business opportunities, creating a level playing field for all and eliminating most of the real-world barriers of market entry. However, despite these potential benefits, many small business owners often complain about making little success from this platform. As a result, the distrust feeling appears.
Why this happens? I think it's because e-commerce, while removing a good deal of barriers we face in the brick-and-mortar world, does come with a new set of barriers. For example, there are seemingly unlimited customers, but they are chased by seemingly unlimited sellers; you can sell a product very quickly, but customers have to take the purchasing decision without touching or feeling your product; no sales staff is required, but there's no chance of up-selling.
So when you enter into the world of e-commerce, you may need to follow a whole new set of principles.
E-commerce is not about just putting up a website, displaying the offers and adding plans for people to buy. Firstly, you have to decide on how to make the website compelling and user-friendly, what you want the site to do for you, what essential features and tools there must be, and similar strategic and technical aspects of e-commerce functions, processes and interactions.
Secondly, you have to constantly monitor different performance metrics, such as new visitor and return visitor conversion rates, landing page bounce and load rates, traffic sources, orders per customer per year, etc. And also, you must not breed your impatience. Patience is a virtue when it comes to e-commerce, which takes a lot of time and dedication to become a rewarding enterprise. Space doesn't allow me to elaborate these points here, but I believe one can go a long way with some preparedness before jumping into the e-commerce world.
For retail exporters, the e-commerce challenges may multiply as languages, restrictions and licensings, quality and quarantine requirements, weights and measures, currencies, etc. usually vary country to country. With no intermediary, it's not an easy task for a retailer to be aware of all these things, and sometimes this may get one into legal hot water. So again, preparedness can be the key here.
The barriers are there, but there's a lot to learn. Success will come to those who will and dare. E-commerce has the potential to transform how you work, reshape your business, and increase both the level and growth of productivity.
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sme funding
neerja sharma | Tue May 29 18:52:06 2012
i m doing p.hd on sme in nationalised banks of nagour city plez share some information for sme funding process.
thank u.
SME ecommerce from India
rob@i-optic.com | Wed May 9 01:26:47 2012
I have some experience in this matter and e-commerce from India direct to the end-user- is not profitable for SMEs.
Boarder corruption, custom inspections and onerous paperwork kills profits and stretched delivery times to breaking point.
Indian is at war with its SME's. Export rules and export corrupt practices have opened the floodgates to Chinese imports, whilst simultaneously blocking India's SME's access to lucrative foreign markets. India's policies and border corruption are starving SME and willing workers. This is quite shameful.
I can have a parcel sent from China to Australia for under 500 rupees. Try doing that from India and 5000 is still not enough.
India is at war with itself, starving itself, squabbling over petty exports stamps and petty bureaucrat corruption.
To succeed, do e-commerce fulfillment from Hong Kong and don't worry when India's workers starve. Our boarder policies are our enemy to prosperity- not other competitors.
Payments stuck
Suntik Panchal | Fri Apr 27 05:45:06 2012
Sir,
We really suffer a lot from non payments,
reasons are just lack of funds, many business such as ours run on credit only,
we are not secured as many party delay our payment for even more then 12 months and we cannot do any thing but just wait, and thats how we fall down,
if you can do some thing that will be great for us, my email id is suntik@interiortech.in
www.saisteelworks.com
I want to display my products on your site
Sudhir | Thu Apr 26 04:23:18 2012
Plz let me know the expenses reqd to enroll my name in your b to b site.
E commerce
Manmohan | Wed Apr 25 12:41:20 2012
Informative article on the importance of E commerce in SME's.
Getting the Export Import Agent License
NitinKumar Sharma | Wed Apr 25 08:42:08 2012
Respected Sir/Madam,
I would like know the procedure to become an export import Agent from India.
Can you please help me out.
Thanks
SME production
Ashwani Jindal | Wed Apr 25 04:22:31 2012
It is all for concerned that implementation of Notification MOEF EIA 2006, will completely vanish the SME in near future. It takes two years even to get clearance for small units with investment even 50 lakh. In coming days our chemcical industry will completely depend upon imports.something immediately needs to be done.Inspector Raj will kill the industry.
No different to any other type of commerce
Brinley Williams | Tue Apr 24 21:03:53 2012
E-commerce is no different to any other type of commerce.
Success will depend on the product the service and the price. e-traders, buyers and sellers are no different to any other.
The same principles apply. Don't over-complicate matters.
Product
People
Price. the 3Ps. E-asy!!
Thank you for the useful information
Shafeek | Tue Apr 24 18:36:51 2012
So, what are the other things we should consider when we launch an e-commerce firm and setting up a website?
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Re: Thank you for the useful information
Alexander Job | Wed Apr 25 09:47:10 2012
I think that it is very important that product differentiation,quality,price and service is what makes an e-commerce business successful.the best example one can see in the Indian Market is flipcart.com which has built a USD 100 MILLION enterprise in 3-4 years time.This is the best time to start an e-commerce business as the market is in its growth face in India and online sales is growing at 25 to 30% year on year.
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Re: Re: Thank you for the useful information
R.Ghosh | Wed Apr 25 11:50:27 2012
Yes that is the perfect example of a company that is very good in customer service, e-commerce operations, and reliability. None can stop them from becoming a big big name in coming few years.
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SMEs have a lot to gain from e-commerce
Andrew | Tue Apr 24 18:19:54 2012
Truly, SMEs have a lot to gain from e-commerce. Even with the limited financial resources available to such companies, they can reach the world market with proper use of e-commerce opportunities.
By the way, I have quality gemstone roughs, since India is one of the biggest gem markets, I am looking for contacts to supply and partner with in India. any expression of interest can be sent to ask4wase@yahoo.com
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