Pillars and Electronic Store Development
Pillars and Electronic Store Development
Pillars and Electronic Store Development
Banadora, Nescel
Briones, Andreline
Borres, Rhio Jhean
Caparas, Jara Joy
Cayabyab, Jedidiah
Calinisan, Geff
Castillo, Mary Jane
Moreno, John Andrei
Floranda, Mira
Sambrano, Leyra
Electronic Store and Platforms
Electronic Store
● It is a digital marketplace (website or application) that connects buyers and sellers.
● Online or virtual store of a retailer that sells goods or services over the Internet.
● online stores also offer a more personalized experience tailored for specific
groups
Electronic Platforms
● encompasses a wider range of online environments that connect users to
facilitate various activities.
● They facilitate a wide range of transactions, transforming traditional business
models into more efficient and accessible formats.
PAYMENT CHANNELS
- is any way that a customer can make a payment, or anywhere that the merchant
might accept a payment.
FOUR WAYS:
1. In-Person Payment - are transactions that are completed with the customer
physically present at the point of sale (POS).
2. E-Commerce Payment - manage payment transactions online without the need
for a physical
3. Mobile Payment - pertains to transactions performed through mobile technology.
4. Contactless Payment - allow businesses to accept in-person payments without
the need for physical contact.
Logistics
It refers to the management and coordination of various activities involved in
fulfilling online orders. It is a crucial part of the e-commerce business model and is
often considered one of its pillars.
Digital Marketing
- Digital marketing, also called online marketing, promotes brands to
connect with potential customers using the internet and other forms of
digital communication.
BUSINESS
● Increased visibility and reach
● Targeted advertising
● Customer engagement
● Increased brand awareness
● Cost effectively
CUSTOMERS
● Convenience
● Personalized recommendations
● 24/7 access
● Market insights
● Exclusive deals and offers
1. Over-Promotion:
○ Mistake: Treating social media solely as an advertising platform.
○ Solution: Remember that social media is an opportunity to engage, build
relationships, and create desire. Sales will follow from genuine
interactions.
2. Insufficient Time Investment:
○ Mistake: Not dedicating enough time to social media.
○ Solution: A strong e-commerce social media strategy demands consistent
effort. Allocate at least an hour per day for engagement and brand
building.
3. Platform Overload:
○ Mistake: Trying to be everywhere at once.
○ Solution: Choose platforms where your target audience is most active.
Focus on quality over quantity. Be awesome on a few platforms rather
than average on many.
4. Ignoring User-Generated Content (UGC):
○ Mistake: Not leveraging content created by your customers.
○ Solution: Encourage UGC, showcase it, and engage with those who post
about your brand. Trust in user-generated content builds credibility.
5. Failing to Listen and Respond:
○ Mistake: Ignoring customer conversations.
○ Solution: Set up listening dashboards to monitor mentions of your brand.
Engage with comments and be part of relevant conversations.
6. Inconsistent Brand Voice and Aesthetics:
○ Mistake: Lack of consistency in tone, style, and visuals.
○ Solution: Maintain a cohesive brand voice and aesthetic across all social
channels. Consistency builds recognition and trust.
7. Ignoring Analytics and Metrics:
○ Mistake: Not tracking performance.
○ Solution: Regularly analyze metrics like engagement rates, click-throughs,
and conversions. Adjust your strategy based on data insights.
Remember, social media is a dynamic landscape. Adapt, learn from mistakes, and keep
refining your approach to thrive in the e-commerce space!
- Marketplace platform-based E-
commerce
An online marketplace is an e-commerce site that connects sellers with buyers. It's often known
as an electronic marketplace and all transactions are managed by the website owner.
The marketplace owner is responsible for attracting customers and the processed transactions,
while the third party vendors deal with the manufacturing and shipping.
Online marketplaces have been around since 1995, when eBay and Craigslist were founded.
eBay launched and became a place that brought sellers and buyers together in an auction
setup. Nowadays, there are countless online marketplaces from sites like Amazon, Etsy,
Alibaba, and bol.com.
● Ebay
Commission Structure
- Ranging from 8% to 10% on the total transaction value.
Shipping
- eBay Philippines does not have a specific shipping type or carrier that sellers are
required to use. Instead, sellers are free to choose the shipping method that
works best for them and their buyers.
Monthly Web Visitors
- Around 28 million
Top Selling Categories
- Consumer electronics and gadgets, Fashion and clothing, and Health and beauty
products
● Lazada
Commission Structure
- Ranging from 1% to 5%, depending on the product category
Shipping
- Fulfillment by Lazada (FBL). Lazada's courier partners include Ninja Van,
Entrego, Ximex Delivery Express, JRMT, and QDX.
Monthly Web Visitors
- Around 37 million
Top Selling Categories
- Electronics, fashion, home and living
● Shopee
Commission Structure
- Ranging from 2.5% to 4%
Shipping
- Fulfillment by Shopee (FBS). Shopee courier partnerships include J&T Express,
XDE, and 2GO. They also offer free shipping promotions to incentivize
customers.
Monthly Web Visitors
- Around 72 million
Top Selling Categories
- Electronics, fashion, and beauty. Local brands such as Cherry Mobile and
Human Nature are popular in electronics and beauty, respectively
● Facebook marketplace
Commission Structure
- Unlike other e-commerce platforms, Facebook Marketplace does not charge fees
for listing or selling products.
Shipping
- The seller ships the item directly to the buyer.
Monthly Web Visitors
- Around 79.6 million
Top Selling Categories
- Fashion apparel, furniture, home decor, and electronics
- Omni Channel E-
commerce
Omni Channel
- is a retail strategy that integrates various shopping channels—
desktop and mobile ecommerce sites, online marketplaces,
mobile apps, email, social media, and brick-and-mortar stores—
to create a unified customer experience. The goal is to make it
easy for your customers by meeting them wherever they are,
however they shop—by integrating your various sales and
marketing touchpoints.
- gives customers a unified experience across all channels,
whether it’s from in-store kiosks or other digital channels.
- emphasizes the integration of all channels. Retailers that use an
omnichannel ecommerce strategy are present on multiple
platforms, and they ensure these platforms work together to
provide a consistent and unified customer experience. The
company’s messaging, branding, shopping experience, and
pricing are harmonized across all platforms, and customer
details are retained across interactions. This way, when a
customer switches from one platform to another (like from mobile
device to a desktop device), or makes additional purchases, the
experience feels consistent.
Multi channel
- is a strategy where a business sells its products on multiple
platforms or channels, but these channels largely operate
independently of each other. For instance, each channel may
have marketing strategies and customer experiences. The focus
of multichannel ecommerce is to maximize your reach by being
present on as many channels as possible—but without
necessarily creating a consistent experience across these
channels.
Increased sales
- A consistent omnichannel shopping experience across all
channels allows customers to easily pick up where they left off.
For instance, if a customer tries on a clothing item in-store but
can’t find their size, they can use their phone to add the item to
their cart on the brand’s website; then, once they’re home, they
can hop on their laptop to review the product—already in their
cart—and make the purchase. One study found omnichannel
shoppers spend 4% more when they shop in-store and 10%
more when they shop online (compared to their counterparts
who shop either only in-store or only online).
Better insights
- An omnichannel approach allows you to gather data from all
touchpoints and gives you valuable insights into customer
behavior, preferences, and trends. This holistic view of the
customer can inform more effective marketing strategies,
personalized interactions, and product development decisions.
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