| An ecommerce website essentially deals in online | | | | bubble. Companies and ventures with real strong |
| transactions for purchase and sale of products over | | | | fundamentals and business models sustained as |
| the internet. Ecommerce is an abbreviated form for | | | | revenue generators in the ecommerce space. Some |
| Electronic Commerce and is also sometimes referred | | | | of these include eBay, Amazon, Office Depot, Staples, |
| to as eCommerces. With the advent of Internet, | | | | and other similar ventures, which had office stationery, |
| trades over ecommerce website have grown | | | | music/movie CDs and DVDs, books, and so on. |
| significantly and so has EC Web development. The | | | | Ecommerce website development involves a stable |
| Federal Trade Commission (FTC) governs and | | | | consideration of various technical facets: |
| regulates the activities of the ecommerce | | | | - A foremost consideration is about the strategy and a |
| websites.website development has facilitated and | | | | strong market research that will define the success of |
| eased many operations that include the following, either | | | | the ecommerce venture. This must be adequately |
| individually or in combination: | | | | backed by a professional management and a technical |
| - Funds (money) transfer over the internet | | | | team to build a profitable business model. |
| - Automation of data collection systems | | | | - Designing a robust website that provides complete |
| - Electronic data exchanges | | | | information about the products and services. The |
| - Inventory management systems | | | | ecommerce website should be able to suitably |
| - Supply chain management systems | | | | facilitate information sharing and flow among the |
| Ecommerce has revolutionized the way business is | | | | customers, partners, suppliers so that a common view |
| done on the internet. However, it was a long struggle, | | | | is shared among all these. |
| as the security features were still being developed and | | | | - The systems on which the website is being |
| implemented. Security was a major concern as | | | | developed and hosted should be scalable, stable, |
| ecommerce websites mostly dealt with cash | | | | reliable, and highly secure. Proper fail-safe, encryption, |
| transactions and involved online payments using credit | | | | and hardware redundancy features must be well in |
| cards. Thus it was a challenge for most of the | | | | place. |
| ecommerce website developments to gain the | | | | - The ecommerce website development should be on |
| confidence of the people and get them to transact on | | | | latest technologies and respond quickly to technological |
| the World Wide Web. During the dot-com boom many | | | | advancements, and if required to social and economic |
| "brick and mortar" establishments went online for their | | | | changes as well. |
| business and flourished as ecommerce traders. Many | | | | An ecommerce endeavor, like every other business, |
| home based businesses tried their luck on the World | | | | focuses on the customer experience. The |
| Wide Web and started selling their goods online. | | | | ecommerce website must make certain that customer |
| However, many such hurried and random online | | | | feels pleasured about transacting online and returns for |
| businesses collapsed with the burst of the dot-com | | | | future purchases. |