Ecommerce Success Factors

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The history of eCommerce is a living testimony of how Information Technology transformed the business processes.

Some authors will track back the history of eCommerce to the invention of the telephone, while prevailing opinion is that the foundation of eCommerce is in the 1960s. At that time companies started exchanging documents with the use of Electronic Data Interchange system.

In 1979, the USA based ANSI Institute created a standard so the businesses could share documents through electronic networks. During the 1980s, the number of companies sharing electronic documents with each other had significant growth. Major development happened in the 1990s with the rise of Amazon and eBay which revolutionized the eCommerce field.

Today, consumers have available endless amounts of items online, offered by specialized eCommerce stores or typical brick and mortar stores with eCommerce capabilities.

Starting an eCommerce business is thorough work process with many steps and decisions that need to come together at the right time. To help in that process, here is a comprehensive description of eCommerce success factors.

Building an eCommerce business is a challenging process. From choosing a product, evaluating viability and sourcing, to building, launching, and growing sales. There are many puzzle pieces to be put together at the right time. However, following a provided description of success factors should provide you with a clear road map to build a profitable eCommerce business.

Download of complete info-graphic from Slideshare: eCommerce Success Factors

by Dario Sipos

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