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E-commerce and International Markets. Key topics What is e-commerce? Why should small businesses trade online? How can it help a small business reach.

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Presentation on theme: "E-commerce and International Markets. Key topics What is e-commerce? Why should small businesses trade online? How can it help a small business reach."— Presentation transcript:

1 E-commerce and International Markets

2 Key topics What is e-commerce? Why should small businesses trade online? How can it help a small business reach international markets?

3 What is e-commerce? Using the Internet to trade and communicate with customer and suppliers

4 How e-commerce can be used Pre-sales – Offer product information / frequently-asked questions – Provide samples – Customer testimonials Making the sale online – Customer places order to meet requirements – Take payment & delivery instructions – Allow customers to track status of order Post-sales – Customer support: post sale questions – Adjustments / returns / complaints – Follow-up sales, upgrades

5 Making the shop-front work Professional e-commerce software packages can build credibility of small businesses Important for products to be displayed out intuitively (including search) Pricing and product information has to be sufficiently detailed User-interface is crucial – customers need to know where they are in the buying process

6 http://www.vinceremos.co.uk/ Allow potential customers to search easily Clear explanation of what the website sells Sales promotions to encourage purchase Intuitive use of categories to group products

7 Taking payments Customers expect to be able to pay for goods & services online Online trading requires dedicated banking / payment set-up (“merchant account) – Credit / debit card account – PayPal is a popular alternative for start-ups Online sales generally good news for a small business cash flow

8 Reaching an international market Online trading allows even the smallest business to reach a more global audience The products still have to be relevant and priced competitively Likely to be achieved using paid online advertising + search engine traffic Care needed on: – Payment security – Shipping & delivery + handling returns

9 Keep up-to-date with business stories, resources, quizzes and worksheets for your business course. Click the logo!


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