| E-commerce presents immense opportunities for | | | | technologies which keep their personal |
| everyone to carry out activities related to | | | | information safe as well as save time and |
| domestic trade, international trade, import | | | | money for them. |
| export and global sourcing and everyone can | | | | |
| try to benefit from the universal platform | | | | There are several other such opportunities |
| that this technology has given to mankind as | | | | but the key factor behind all of them can be |
| a whole. Of course one might feel lost in the | | | | summed up in a single word namely innovation. |
| jumble of latest technologies and the foray | | | | Innovation is the life-blood of any |
| of terms associated with them. So here are a | | | | e-commerce activity be it international |
| few simple tips for a layman on the process | | | | trade, import/export or global sourcing and |
| of using this technology for carrying out | | | | only a individual or company willing to |
| either simple domestic exchange of goods or | | | | innovate will be able to survive and sustain |
| more grand activities related to | | | | in the long run in the cyber space. |
| international trade, global sourcing or | | | | |
| import/export. | | | | This innovation is necessary because the same |
| | | | factors which are advantageous for |
| The first and foremost opportunity to improve | | | | e-commerce, international trade, import |
| profits comes from the fact that costs can be | | | | export and global sourcing are also present |
| reduced considerably using e-commerce for any | | | | for other people and competitors as well. |
| sort of business be it international trade, | | | | Since e-commerce lowers barriers of |
| import/export or global sourcing. This | | | | international trade, anyone can carry out |
| reduction of cost can result from various | | | | import/export or global sourcing with the |
| factors such as the reduction resulting from | | | | right skills and this gives rise to more |
| use of lesser staff, non-requirement for | | | | competition, therefore the need to be |
| having huge offices and buildings and so | | | | innovative literally around the clock. There |
| forth. | | | | are several examples of organisations which |
| | | | have been immensely successful in the arena |
| Another opportunity is that of improved | | | | of e-commerce, international trade, import |
| customer satisfaction due to easier and | | | | export and global sourcing by just being |
| efficient methods available for payment, | | | | innovative. Some examples are that of Amazon, |
| direct communication using emails and so | | | | Guru, Elance and E-bay which are huge online |
| forth. For example if a customer wants to | | | | marketplaces and are used by millions around |
| import/export or carry out global sourcing of | | | | the world for purposes which include |
| a product or service, they can pay via the | | | | international trade, import/export and global |
| e-commerce website using secure payment | | | | sourcing activities. |