As I-COMMERCE spreads throughout the developed and developing world, the online transactions it facilitates will continue to provide a level of convenience previously unimaginable to businesses and consumers alike offering digital buyers’ access to goods and services that would otherwise be unavailable in their immediate localities. These facilities empower buyers to place orders for products at their leisure, comparing notes on styles, prices, and quality with their online peers.
The worldwide expansion of the internet has considerably contributed to the transformation of trade and our expansion. I-commerce, or electronic commerce, the selling of products through the internet, commonly associated with online trade amounted to more than 1.2 trillion US dollars in 2013.
Providing a multicultural and diverse perspective to our business thinking ALTEROMALL has adapted itself to the ASEAN environment faster than most.
The ubiquity of the Internet allows smart partner companies and e-partners to operate on a common platform without heavy investment in closed information networks such as EDI or electronic data interchange, which we maintain, and the more these companies conduct trade online through ALTEROMALL, the more profitable our Internet-based supply chain management becomes.
The EDI systems employed by ALTEROMALL related to our products and technologies encompass some of the world’s largest and most intricate networks today, enabling our participating members to levels of intensification of value creation and acceleration of business success within the new, rapidly changing global marketplace, while also enabling our company excess to the very best of the manufacturing supply train for our members.
ALTEROMALL is a highly aligned firm that has involved itself in a lifestyle referral and reward product facility, ranging from industry affiliations to independent merchants incorporating an e-mall, trading and manufacturing network, internet systems as well as payment solutions, with unique, innovative and special opportunities.
We combine the buying power of our network to enable proprietary transactions and access to a network of e-smart partners for our client’s with rebates on purchases and introductions to us.
Through our network of solutions we are the one stop provider to most if not all requirements an e-partner or e-merchant could desire.
We at ALTEROMALL are proud of our unique culture that epitomizes opportunity, energy, and fun. We believe in people, trusting in their positive intentions. We take very seriously our responsibility to our associates, our customers and the communities in which we do business. Our commitment goes beyond responsibility and problem solving, with positive energy, and a relentless drive to serve, we help businesses, business men and business women, grow to their full capabilities.
The worldwide expansion of the internet has considerably contributed to our success with the transformation of trade going online. Mobile commerce growth is an obvious and exciting direction to be involved with in terms of i-commerce statistics, considering the popularity and widespread use of Smartphones, I-pads and the growing usage of Tablets, adding to the convenience of making purchases online.
Ebay owned PayPal, one of the current market leaders in this realm, is testimony to this with more than 14 billion US dollars in mobile payment volume alone, in 2014.
This type of perceptiveness is defining the next decade, with broad implications for the technology industry, and for network innovation in particular.
Individual sector i-commerce, B2C or Business to Company, B2B, Business to Business and C2C or Consumer to Consumer, i-commerce has attributed to volumes and values skyrocketing to more than the 2013 figure of 1.2 trillion to over 1.5 in 2014.
The average order value of online shopping orders worldwide in the fourth quarter of 2014, differentiated by platform, online orders which were placed through Android devices alone had an average value of 85.91 U.S. dollars.
In 2014, i-commerce site Amazon.com generated 16.8 billion U.S. dollars in mobile commerce revenue, representing a 110 percent year on year growth. I-commerce giant Alibaba Group Holding Ltd with its 81% hold of the 540 billion dollar Chinese market reported a record $25 billion public share listing in New York, after an impressive China’s Singles' Day sales being more than $9 billion.
It is modestly estimated that the Group facilitated eighty one percent or 450 billion of the 540 billion dollar e-sales in China for 2014. In 2013, US mobile commerce revenue amounted to more than 38 billion US dollars. This included mobile media and content, retail services, travel purchases and various other services.
This rapid development of Internet and communications technologies has led to the emergence of e-business companies or EBC’s. Internationalization of these firms through the internet brings forward the enormous significance of choosing the correct mercantilism entry as it determines the success of a company’s operations and durability.
Entrepreneurs should note that there are really only two kinds of businesses that should be considering i-commerce opportunities at this time;
Successful brick-and-mortar retailers that want to see their company grow.
Individuals with a passion or interest that translate well into a niche or specialty online store.
We have listed four indications for possible e-retailers or inspired entrepreneurs seeking a wider market share to consider from establishing an online presence below;
Shoppers Are Online Already
According to the Euro monitor, internet penetration rate is estimated at 31 per cent implying almost 200 million internet users and climbing in 2014 that facilitate a larger online population globally which in turn drives larger i-commerce activity.
Smartphone penetration also adds to the growing capability these users have on the impact of i-commerce. Notwithstanding all the aforementioned factors, ASEAN’s i-commerce is on the verge of taking off, though this will likely follow different trajectory in each country owing to the different environments, infrastructure and demographics.
Google has announced that 80 percent of shoppers queried research products and prices online before they would make a purchase. Clearly the Internet is the engine driving retail.
Consider that 78.1 percent of the total U.S. population or approximately 245.2 million Americans are active Internet users, potential customers are already online.
A recent international study found that 44 percent of surveyed shoppers intended to make an online purchase and some 51 percent would look online before making a purchase at an off line retail outlet, as a result i-commerce entrepreneurs do not necessarily need to build demand. Rather they need to access the large and interested market that already exists.
While retailing success is by no means a given, it is an easier marketing task to service customers already in search of a product than it is to convince potential customers.
Mobile Devices Are the Next Retail Driver
Research from Aaron Smith of the Pew Internet & American Life Project conducted revealed six in ten American mobile phone owners used their phone inside of a physical store specifically to help them make purchasing choices comparing prices online.
It is widely accepted that in just the next few years, more than half of internet users will also be mobile shoppers, making online purchases directly from their phones or tablets. This would represent a fourfold increase for those already in i-commerce and a magnificent draw for those that are not.
As a percentage of total online sales, mobile shoppers represent only a relative fraction of the percentage of transactions but it is agreed that this small percentage will grow presenting a huge opportunity for retailers as a whole.
You Can Make Money Selling Online
In spite of continued economic uncertainty, the future holds great promise for retail i-commerce. Throughout these past years, growth rates in e-retailing have increased by consecutive quarters in double-digit growth.
It is clear that online channels have won over the modern consumer and will increasingly be relied upon to deliver on dimensions of selection, lower prices and convenience.
Starting a i-commerce business can be fast, relatively easy, and not very expensive, but creating a successful one might prove challenging to some.
Although each new business is unique, there are common contributors to i-commerce failures. Understanding these possible pitfalls should help to avoid them, beat the statistics, and develop success online.
Like any new business, initial capital infusion is necessary and a fair amount of labor.
Brick-and-mortar retailers are often the worst about adequately investing the required amount of time in an online store. If you already have a physical store and are adding an online shop, think about that new i-commerce business like a new location and you won’t go wrong. Your new e-business is going to need a similar investment in time.
Where opportunity exists, entrepreneurs will excel.
Starting an I-commerce Business is Easy
Selling online, can actually work!
Three things make this possible,
First, there are a number of i-commerce platforms, including hosted solutions like ours with licensed solutions. These solutions make it easy to have an attractive online alternative.
Second, vendors like us are improving support for online merchants. Many that would not consider selling to online a few years ago are now catering to hundreds an hour.
Third, the sheer volume of Internet searches and consumer interests has made it easier to sell niche products due to the traffic that search engines can generate.
The online retail market in ASEAN maintains the potential to grow 25 percent annually through 2017 with only China expected to experience similar growth rates in online retail. This is indeed a great market for all those involved with ALTEROMALL.
We have developed some of the industry’s most ground breaking innovations across every aspect of networking technology targeting the markets in mention with a greater focus on our ASEAN region. They include a dedication to developing among others, new technology solutions based on unique architecture, a single line technology operating system, and a single software release train that ensures performance, reliability, and security at a scale that clients and members demand, without compromise!
The opportunity presented enables regional economic integration while at the same-time, ensures financial stability, never compromised. Our principals of business expansion are aimed at the establishing of regional as well as global footprints to tap into the growth of this sector.
Areas of focus at present are the ASEAN market which we have penetrated. The ASEAN region at present accounts for less than 1 percent of global online e-retail market, even though it has 3 to 4 percent of global GDP and around 8 percent of the population of the planet.
ALTEROMALL is based on these business redefinitions of existing success proven models and methods in the light of continued growth. We fulfill the unique value proposition of a particular choice of entry mode.