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Homework E Commerce2
Homework E Commerce2
INTRODUCTION
A. Definition of e-commerce
B. Introduction to the Central African Republic
II. MARKET ANALYSIS
A. Current Market Trends
B. Online Product Request
C. Competitive Analysis
D. Associated Costs
III. CREATION OF AN E-COMMERCE WEBSITE
A. Website Builder Platforms
B. Hire a developer to design a custom website
IV. PRODUCT SELECTION
A. Define the products you will sell online
B. Find Reliable Suppliers with Quality Products
V. PAYMENT SYSTEM
A. Offer multiple payment options for customers
B. VI. Delivery Logistics
A. Definition of e-commerce
E-commerce is a business model that involves transactions taking place
over the internet. Stores that sell their products online are e-commerce
stores or businesses. For example, Amazon.com, the forerunner of e-
commerce.
E-commerce, or e-commerce, is the buying and selling of goods and services,
or the transmission of funds or data, over an electronic network, primarily
via the Internet. These business transactions are either business-to-business
(B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-
business. The terms e-commerce and e-business are often used
interchangeably. The term "e-commerce" is also sometimes used in reference
to the transactional processes of online shopping. Giant platforms such as
Amazon or eBay are the fruit of this flourishing success.
3. Competitor Analysis
The main competitors in the e-commerce market in the Central African
Republic are companies that import and sell electronic products, such as
Samsung, Apple, and LG. However, local businesses such as Jumia,
Afrimarket, and Ecart are becoming increasingly popular with online
consumers. Every e-commerce business has its own strategy to stand out
from the competition. For example, Jumia has regular promotional offers,
Afrimarket focuses on groceries, while Ecart focuses on selling mobile
phones.
4. Associated Costs
The costs associated with setting up an e-commerce business in the
Central African Republic include delivery logistics, suppliers, website
hosting, and maintenance. Delivery logistics costs can vary greatly
depending on the size and weight of the products sold. Supplier costs also
vary depending on the products and quality. Hosting and maintaining the
website can also be expensive. It is important to establish a solid and
profitable economic development plan to ensure that the e-commerce
business is viable.
III. CREATION OF AN E-COMMERCE WEBSITE
Website creation platforms are online tools that allow users to create a
website easily, without the need for technical programming or design skills.
Some of the popular platform options for building an ecommerce website
include Shopify, WooCommerce, Magento, PrestaShop, and BigCommerce.
These platforms offer pre-designed templates and features to create an e-
commerce website, including online payment systems, ordering systems,
inventory management, and more. However, these platforms often have
monthly subscription costs and customization limitations.
Amazon
Founded by Jeff Bezos, Amazon is currently ranked the 14th most popular
website in the world and 3rd in the US.
Taobao
Taobao was founded by Jack Ma. It is ranked 11th in the world and
reaches sixth place in China.
Tmall
Tmall, like Taobao, was founded by Jack Ma. It is ranked 15th in the world
and 1st in China.
AliExpress
AliExpress was founded by Jack Ma. She is currently ranked 40th in the
world and 23rd in the United States.
eBay
eBay was founded by Pierre Omidyar and reached the 33rd position in
the world, and 9th in the United States.
Flipkart
Flipkart was founded by Binny Bansal and Sachin Bansal. Its ranking is as
follows: 147th in the world and 7th in India.
Once you've defined the products you'll sell online, it's essential to find
reliable suppliers offering quality products. This may require partnerships
with local or international suppliers, depending on product availability and
costs associated with sourcing. For instance, in 2022, an e-commerce
company in the Central African Republic partnered with an electronics
manufacturer in Asia to provide affordable, high-quality smartphones to its
customers. By sourcing reputable suppliers and building strong
relationships with them, you can ensure customer satisfaction and the
reliability of your supply chain.
V. PAYMENT SYSTEM
To simplify the payment process for your customers and ensure the
security of transactions, it is recommended to integrate popular and
reliable payment solutions such as orange money, expresse union or telecel
biani... These platforms offer advanced security and industry-standard
compliance features, helping to reduce the risk of fraud and build customer
trust. By using proven payment solutions, you can provide your customers
with a secure and hassle-free shopping experience, while simplifying your
company's financial management.
Orange money is a telecommunications company that had the idea of
creating this project in common agreement with Ecobank, in order to help
customers
A. Find logistics partners who can deliver products across the country:
In the Central African Republic, delivery logistics is a major challenge due
to the country's geographical spread and limited infrastructure. In 2023,
several e-commerce companies have taken up this challenge by partnering
with local logistics providers who can deliver products throughout the
country. These partnerships have made it possible to optimize delivery
times and ensure customer satisfaction, while reducing the associated
logistics costs.