Overview of ECommerce Chapter 1 Session 1 - 2
Overview of ECommerce Chapter 1 Session 1 - 2
Overview of
Overview of e-Commerce
PAYMENT
CUSTOMER
GATEWAY
YOUR E-SHOP SERVICES
LOGISTICS
ANALYSIS
SOFTWARE & BACK OFFICE
Key Components
• Online Stores: Websites or apps where products and services are
listed for sale.
• Payment Gateways: Secure online payment processing systems that
allow transactions to be completed, such as PayPal, Stripe, or Square.
• Logistics and Supply Chain: The infrastructure and processes
involved in delivering products to customers, including warehousing,
inventory management, and shipping.
• Customer Service: Support provided to customers before, during,
and after a purchase, often including return policies and after-sales
service.
Technology and Tools
• E-commerce Platforms: Software solutions like Shopify, WooCommerce,
and Magento that provide businesses with the tools to create and manage
online stores.
• Mobile Commerce (M-commerce): E-commerce conducted via mobile
devices, which is increasingly popular due to the widespread use of
smartphones.
• AI and Personalization: Use of artificial intelligence to analyze customer
behavior and preferences, enabling personalized shopping experiences.
• SEO and Digital Marketing: Techniques to drive traffic to e-commerce
sites, including search engine optimization, social media marketing, and
email campaigns.
Challenges
• Security Concerns: Protecting sensitive customer data from breaches
and fraud is a major priority.
• Logistics and Fulfillment: Managing supply chain complexity,
ensuring timely delivery, and handling returns can be challenging,
especially for small businesses.
• Competition: The online marketplace is highly competitive,
requiring businesses to continuously innovate and improve their
offerings.
• Customer Retention: With so many options available, maintaining
customer loyalty can be difficult, necessitating strong customer
service and engagement strategies.
Future of eCommerce
• Emerging Technologies: Integration of augmented reality (AR),
virtual reality (VR), to enhance the shopping experience and improve
transparency.
• Voice Commerce: Growth in the use of voice-activated devices like
Amazon Echo and Google Home for shopping.
• AI and Machine Learning: Continued evolution in personalization,
customer service (chatbots), and predictive analytics to anticipate
consumer needs.
Smart eCommerce
• The future of staff-free retail
• Walk-in Smart store concept.
• Smart Store is a way of eCommerce
The New Dimension
of Shopping: AR
and VR in Retail
and E-Commerce
It’s about the emergence of Augmented Reality (AR) and Virtual Reality (VR) in the realms of
retail and e-commerce, transforming them from mere commercial transactions into immersive,
engaging experiences.