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Electric commerce means conducting business communication and transactions over networks and through computers. More specifically ecommerce means selling of merchandise or services over the Internet with electronic transactions and also through a secure network. Its also a method of advertising and marketing through an electronic system as well.
Requirements of an E-commerce Store
As a first step set a clear view of your requirements. Technical requirements might include coupons, tracking systems, customer login options or any number of other things. An ecommerce software must be capable of handling costs, taxes, dispatching and payment processing of client's orders.
5 stops in ecommerce store:
The first stop is the setting up of the audience in which you define what type of customers you will target.
Second is the commodities, in which you characterize the types of products you will put on the market.
Third is customer support where you will answer the questions and offer solutions to clients' or potential clients' problems.
Fourth is advertising, marketing and endorsement where a business promotes the products or services.
Fifth is the transaction processing, the most important technical phase of the cycle, which will handle orders, taxes, payment processing and order delivery.
Transactions may be set up as automatic or manual. In manual processing you have to enter credit card information manually through an offline terminal. In the case of automatic processing a client's order form will be setup with a program that processes and charges the credit card for you.
Apart form setting up of the above said steps, there are post-deal services regarding how you provide solutions and services after the sale.
Must in a ecommerce store:
The two ways to build an ecommerce store is that either buy a ready made software or create a custom system according to the requirements and budgets.
Ecommerce stores must be flexible.
Security
Major importance should be given to the online stores transaction security. Netscape has introduced SSL (secure socket layer) by which data can be protected by online store owners. SSL is an encryption technology that encrypts a message and the receiver decrypts it by using RSA security. To enable SSL on your web server you need a digital ID (a form of identification that will recognize you). Many web hosts provide SSL installation.
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