STARTING A BUSINESS ONLINE-PART 2

STARTING A BUSINESS ONLINE-PART 2



STARTING A BUSINESS ONLINE-PART 2

Online business transactions are increasingly becoming a common e-commerce trend, due to the current globalize business environment. E-commerce is the term used to define online businesses or transactions generally, but one of the biggest concerns that consumers have in utilizing the popular scenario is security (Kalakota & Whinston, 1996). Since websites can be accessed by any number of people, it is important to realize that some of these people might come with the intention of gathering customer related information for their own websites. E-commerce has been a significant tool in the promotion of global trade, but has also managed to highlight internet hacking and security concerns in business transactions.

A business domain name becomes an anchor at this point, especially if retail shop websites are to have more of an online presence. Selling this domain name can have several disadvantages, even if a business has moved on. In online buying communities, developing and building trust is very important since customers are likely to be wary of fraudulent websites and offers. Since they are trusting an online retail store with their personal information, even their financial details, that information is permanently on that domain.

If or when a customer arrives on that website again and finds out its interface has changed, they are likely to get instantly suspicious of fraudulent activity. They may think the website is being used for something else, creating a bad image for the online business owners as well as the business sector in general. If a domain is sold, the customers may realize that their personal and financial information is no longer safe and is in the hands of a third party. In the past, this has led to individuals suing online organizations. The integrity of those business owners will be compromised and they will not be able to form business relationships in the future. Customer loyalty will diminish as well, since the original domain host has willingly sabotaged the safety of their customer's personal emails and other information.

Furthermore, the fineprint in the terms and conditions of online retail has always guaranteed safety of personal privacy and security of customers, thus if a domain name is sold legal implications might arise. In the age of the internet, where every single bit of information put up online is valuable, an online business can easily be effectively started. Since the reach of a website or a blog is much more diverse and spread out than the print media, it is more than likely that in the current business environment, an internet business operation might do better.

If I were to make my local clothing business famous, making an online website that allows the customers to buy clothing online would be one of the most vital steps towards creating a lasting and full impression. My e-commerce set-up for this business would include the standard capabilities of an online shop, such as a catalog display of ...