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Why don’t you need to visit physical stores to purchase different products these days? Why don’t you have to stand in a queue to pay for your purchases or to collect them? Why is trading so easy and quick these days?
The answer to all of these questions is ‘e-commerce’, also known as "electronic commerce" or "internet commerce". It has become one of the most used terms and technologies in this digital world. In general, we can interpret e-commerce as the buying and selling of different goods and services over the internet. Besides, it includes the online transfer of data and funds between the two parties of the trade.
Because of ecommerce, one does not need to spend more time on buying or selling anything. With access to the internet, you can order your favorite food while sitting on a sofa at your home. You can make quick payments to anyone, at any time, and from anywhere, be it the remote areas of the country.
Going back to the history of e-commerce, though the Electronic Data Interchange (EDI) had come into use in 1960, the concept of online business was introduced in the 1990s, and the first online purchase was made on August 11, 1994. It was a Sting CD that was sold by a US retailer through his website, NetMarket.
An eCommerce website can be defined as an online presence of a business with its products or services enlisted online, instead of placing them in a particular place with all the physical decoratives and designs. It allows the digital sales of products and services.
Let’s take the example of grocery stores. You must be aware of what a physical grocery shop looks like. Besides the products to be sold, the store may have some kind of furniture like racks, reception desk, see-through glasses, shopping baskets, and so on.
Now, let’s talk about the e-commerce website of a grocery shop. What do you think it requires? Let me tell you. It needs a website, images of products and its detail. No specific space, no furniture, glasses, baskets, and others. After you create an e-commerce website for your business, visitors can simply find you online and order their desired goods or services. It’s as simple as that, no need to know your location or remember your phone number.
Having an e-commerce website is beneficial, but having an e-commerce mobile application can be a powerful tool to boost your sales. These days, rather than using desktops, people prefer using smartphones for more accessible ways to browse information. Mobile applications are very handy to check out the products and services and make purchases.
With the advancement in technology, mobile applications came into use in the year 1997. Rather than some tangible goods, there used to be purchases and sales of ringtones and services through text messages then.
Later, in 2003, a tangible good was sold online for the first time in history. At the time customers had to register online and connect their bank accounts to their customer account. After registering successfully, they would receive text messages about special offers from the seller. If the customer had to purchase the item, he would reply ‘yes’ and the item would be purchased after deducting the amount from the customer's bank account.
Since then, ecommerce mobile applications have evolved to make products and services easier to discover and purchase through online marketplaces.
According to the data provided by Statista, as of Aug 6, 2021, the total number of people using smartphones globally is above 6 billion and it is expected to cross 7 billion by the end of 2023. And the simultaneous growth of e-commerce mobile application users is obvious with the rise in the number of people using smartphones.
With the rise in the number of active internet users, the demand for e-commerce websites has also been increased even in developing countries like Nepal.
These days, e-commerce has become an integral part of life for the ones who sell products and for those who purchase them. From small startups to well-established brands, going online has become crucial these days.
To be honest, customers are no longer interested in checking every store for what they want and bargain the price, they don't even have time for all these. Instead, they love to place an order from their preferred places and get it delivered at their doorsteps. They are okay even if the product is a bit costly than in the stores until they get delivered with quality products and services.
The importance of e-commerce can be listed as below:
- More convenient to sellers as well as buyers
- Provides more marketing opportunities to the sellers
- Helps the business go global rather than being limited to the local customers
- Direct feedback from customers increases scopes of improvement
- Reduces extra cost and effort
- 24/7 open to customers
- Provides better shopping experience to customers
Did you know that e-commerce can be divided into 2 sections based on the number of vendors?
Multi-Vendor E-commerce
Multi-vendor e-commerce can be compared to a shopping mall. You must have realized that a shopping mall consists of different vendors who sell different products produced by different brands, including different brand’s clothing items, food items, beauty products, personal care, kitchenware, and so on.
In the same way, multi-vendor e-commerce consists of different vendors showcasing and selling different products or services from multiple brands. So, customers get multiple choices of brands, products, and services in multi-vendor E-commerce. It involves three entities: website administrator, vendor, and customer.
Single-Vendor E-commerce
Moving on to single-vendor e-commerce, it is a marketplace where a single seller sells its products or services to its customers.
Unlike multi-vendor e-commerce, single-vendor e-commerce doesn't provide a huge range of products, services, or brands. Only two parties are involved in the transactions of single-vendor e-commerce, i.e., buyer and seller.
Have you ever tried to build your e-commerce website on your own? Do you know that it is very easy to build an e-commerce website nowadays? Yes, it's very simple with e-commerce website builders.
There are a large number of e-commerce website builders that allow you not only to build but also manage, maintain and update your online store. Some of the popular e-commerce website builders are:
■ Shopify
■ Wix
■ Magento
■ OpenCart
We, the Web House Nepal team, are one of the best companies providing its customers with all kinds of e-commerce solutions from e-commerce website design and development to building e-commerce mobile apps. Moreover, we also help our clients with domain, hosting, digital marketing, graphic designing, and all other technology solutions.
Eager to know how we deliver e-commerce solutions? Below are the 4 steps that we follow to make sure that we provide the best e-commerce solutions to our clients.
Analyze business and requirement
We know that technology keeps on changing now and then and we believe that to retain in that ever-changing environment, one must be updated with the new technologies.
Our very first step toward providing a quality product and service to our clients is to study their business, gather more information, analyze the goal and status of the business and find out the current need.
Strategy and planning
After analyzing our client’s business and its needs, our team of e-commerce experts moves ahead to formulate plans and strategies.
We are well aware that the success or failure of any business totally depends upon the plans and strategy of the business. That’s the reason why we develop plans and strategies based on the type of e-commerce websites or apps that our clients want. We create a sitemap so that our client can figure out how the entire site will look and function.
Design and development
Now that we are done with proper planning and setting up the strategies, we begin to design and develop the product.
This step includes different functions from developing layouts, inserting contents, reviewing and approving the designs, payment integrations, billing functionality, etc. In aggregate, the e-commerce product comes into shape in this phase.
Test and Implementation
It is the final step of our e-commerce solution before we publish the e-commerce website and make it available to the end-users.
We believe that delivering a product is not a big deal, but what quality of product we deliver matters a lot. That’s why after finishing the whole design and development of the product we test it multiple times. We make sure about the quality of the product; whether the product is efficient or not, whether all the elements are in place and everything works fine or not, and whether there is a need for change or not.
If any issue is found or if there is any need for change, we implement the changes accordingly, recheck the product and deliver it to our client only after everything works as planned.
Also read Components of Website
Pricing:
Despite our matchless ecommerce solution, Web House Nepal feels more than happy to deliver very efficient ecommerce websites and apps to our clients at very affordable costs.
Ecommerce Website | Ecommerce Website Cost (NRS) | Ecommerce Website Cost (USD) |
Basic ecommerce website | 90,000 | 900$ |
Advance ecommerce website | 2,50,000 | 2500$ |
Basic ecommerce website with mobile application | 3,50,000 | 3500$ |
Advance ecommerce website with mobile application | 4,50,000 | 4500$ |
Note: The above-mentioned prices are the starting prices and for single-vendor e-commerce sites only.
Also check the cost of website development
In this era, where nothing is untouched and unaffected by technology, we just cannot avoid the importance of e-commerce businesses. It has become an indispensable part of every business.
An e-commerce website provides businesses with more marketing tools and more opportunities to reach out to the global audience and achieve the desired goal.
Established as one of the top IT companies in Nepal, we, the team of Web House Nepal, follow the fact that ‘customer is a king’ and believe in providing our clients with world-class e-commerce solutions that enable them to reach the global market and enhance their businesses.