E-commerce stands for Electronic commerce. This industry works on buying and selling of product or services which happens through web. This Ecommerce platform brews great profits for its reliable clients. With Magento - Your Business grows here from today. There are more than 150,000 businesses which choose Magento as their first priority e-commerce solution. It serves more than 125,000 businesses worldwide with flexibility and provides richer platform. Magento is a market leader because of its specific e-commerce functionality and constant innovations.
It helps enterprise customers develop & improve their e-commerce operations using their open-source software. Electronic commerce draws on technologies such as supply chain management, mobile commerce, electronic funds transfer, internet marketing, electronic data interchange, online transaction processing, inventory management systems and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media and telephones as well. E-Commerce has become an important tool for businesses worldwide not only to sell to customers but also to engage them. Leading country in ecommerce usage is China and it continues to expand. It leads to intensified price competition, as it increases consumers' ability to gather information about products and prices. Mostly growth of online shopping has also affected industry structure in two areas that have seen significant growth in e-commerce, bookshops and travel agencies.
A big team of informational gathering of suppliers, developers and retailers change online retail landscape. And in such a scenario – you need a stable, secure yet flexible CMS to power your web store. Magento is one of the best open-source shopping cart solutions available. It is popular for its features including flexible product display options, templates, transaction options, multi-store and multi-site functionality, user accounts and loyalty programs, product categorization and shopper filtering and discount and promotion rules. Many things are possible, from ecommerce platform document automation in supply chain and logistics, domestic and international payment systems, enterprise content management, group buying, automated online assistants, instant messaging, newsgroups to online shopping and order tracking, online banking, online office suites, shopping cart software, teleconferencing and electronic tickets.
It has advanced stats, customer groups management, tons of payment gateways, a nice admin interface and much more. Using Magento, you can enable direct selling to business customers on your website. Customers access the same tools that are used by your sales channels enabling you to provide a common platform to both and streamline the sales process. Your customers can also rate products, submit reviews and even post comments to social networks. From TV’s and phones to cars and computers, the mouse click has become the first step in our buying process. Some of the big companies like Amazon.com, Buy.com and many traditional retailers’ online sites, have captured this market by providing an easy to use, self-service and guided process for consumers. Varien, the company owning Magento, formerly worked with osCommerce. Magento is versatile than most e-commerce platforms at storing a large range of data it works wonder in designing smaller ecommerce websites to large ones which has sufficed multinational businesses.
Magento is a growing technology, the possibilities that this framework can offer a wide range of customers who wish to develop or enhance their online shopping presence. Magento was released in 2008 and is fast becoming the platform of choice for new ecommerce development and it is the future of ecommerce. It is going from strength to strength with every new version that comes out and as newer add-ons become available. It improvises for a better future with each passing day competing with the present needs of the Magento developer and user community.
Probably one of the greatest benefits of Magento is its scalability and its ability to grow with an organization as its needs change. It easily manages orders in a breeze with its easy to use dashboard showing lifetime sales, average sales amounts, bestsellers and most searched keywords. An expert Magento development India team can help you reap benefits of great features in Magento like Search Engine Optimization, Marketing Promotions and Tools, Catalogue Management, Catalogue Browsing, Product Browsing, International Support, Shipping, Customer Service, Order Management, Analytics and Reporting, Site Management, Mobile Commerce , Checkout ,Payment , Customer Accounts etc make it hot technology in the IT market. The future is always bright with Magento and it will continue to add more revenues to varied business sectors.
The Future of Ecommerce & Magento