Online Auction A product sold over internet via bidding system are considered as online auction. The key advantage of online auction is that, it avoids geo boundaries having access to global market which in turn can increase return on investment.
Online auctions has acquired immense popularity within no time and there are several reasons behind being popular some of them are,
Increase in Profit
Due to increasing popularity and demand of online auction sites, there are several customized auction clone (eBay Clone) made available in market, in which you can get standard functionality as well as custom functionality at affordable cost.
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Online auctions can be bifurcated in 2
Forward Auctions Using forward auction you can acquire new customer and enhancing geo reach and can get benefit of disposing inventory quickly. Auction holder can cut cost using this method as marketing and promotion is been reduced.
Reverse Auctions Basically in this type, only role of buyer and seller is upturned obtaining business from buyer. The principle of reverse auction and unique bid auction are same keeping each bid confidential.
Shopping Carts Shopping carts is nothing but a virtual basket, in which you can see items that you have purchased from online shopping websites. Virtual baskets get cleared once payment in done successfully and the items you have purchased are ready for shipment.
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Basically shopping carts can be divided into 2 categories
Licensed Software - Software that is to be downloaded with onetime fee and is to be installed on web server and the only dis-advantage is its source code is alterable.
Hosted Service This kind of software is installed on web servers it cant be downloaded and is paid monthly or yearly as charged by application service provider.
Now days many Ecommerce Shopping Cart Clone uses hosted services instead of using licensed software as hosted services are installed on web servers and not on local servers.
The major component that shopping cart consist are,
Storefront - Storefront area is accessible by user who visits online store or in simple terms you can say GUI of online web store.
Administration - Administration area is only accessible by admin through which admin can manage all part of the store such as products, categories, discounts, shipping details etc.
Multi-store E-Commerce - Day by day ecommerce website is increasing and businesses getting global presence in order to get visibility in various countries, so they need to develop different stores for different countries maintaining each stores database separately.
So to resolve maintenance issue, multi-store ecommerce shopping cart is been introduced. Multi-store ecommerce shopping cart offers multiple online stores to be managed using single admin panel. Have a look at advantage of Multi-store ecommerce,
Single Optimized Database
Full and Flexible Front end Control
Enhanced and Customized Functionality
NCrypted Technologies is a web and software Development Company offers customized solution for Website Clone development and ecommerce shopping cart clone development as per clients need and at affordable cost. For more details and inquiry visit our website http://www.ncrypted.net.
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NCrypted Technologies is a web and software Development Company offers customized solution for Website Clone development and Ecommerce Shopping Cart Clone development as per clients need and at affordable cost.
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