Ecommerce
Do you want to learn ecommerce or learn how to develop the best strategy for ecommerce so you can create additional revenue?
There are many benefits of e commerce to business growth. When you create an online store you have the ability to generate new revenue.
What is Ecommerce
Ecommerce is the buying and selling of goods and services online, there are tons of different platforms that you can use to sell any product or service. No matter what type of business you are – independent seller, freelancer, or even mid and large enterprises.
There are many obvious advantages to operating an eCommerce such as no geographic limit.
You can include E-Commerce into your training as well. This could be chargining learners a fee for a course, lab, book or a subscription. NetExam can incorporate ecommerce features into your training to increase your revenue.
Core Features of Ecommerce:
- Sell Courses, Certifications, Exams, ILT Classes, Webinars, Subscriptions
- Sell non-training items such as books, whitepapers, lodging, restaurant meals
- Course Bundles and bundle pricing
- Multiple currencies
- Dynamic Pricing – set price by user type
- Promotion/Discount Codes/Early Bird Discounts
- Built-in custom branded StoreFront
- Global Support with Multiple Currencies
- Tax Computation -Avalara and FastTax Integration
- Credit Card Processing – Auth.net, Chase PaymentTech, FirstData, US Bank, Paypal PaymentPro, Paypal PayFlow, PaymentExpress, BrainTree
- PCI Compliant
- Refund workflows
- Use your own Store Front and integrate purchasing with APIs
- Authorized Training Providers – Allow third parties to sell your courses from their own website, but manage offerings via API
- Order Approval Workflows
- Use your own Store Front and integrate purchasing with APIs
- Authorized Training Providers – Allow third parties to sell your courses from their own website, but manage offerings via API
- Order Approval Workflows
- Purchase Orders and invoicing support
- Vouchers and training credits,
- Support for money orders, ACH/checks
- CenPos Integration
- Subscriptions
- Order Data sent to Salesforce.com, MS Dynamics
- NetSuite and SAP Integration for financial transactions
- Support Revenue Recognition Workflows
- Purchase Orders
- APIs and flat file exchanges with you financial systems
- Services to collect funds and credit customers on monthly basis
Types of Ecommerce
There are three main types of e commerce with examples:
Business to Consumer (B2C)
This is when a business sells products or services to an individual consumer. This would include target.com, small mom and pop stores and more. This is the most common type of ecommerce.
Business to Business (B2B)
This is when a business sells products or services to another business, such as a wholesaler to a retailer. Some other examples would include Hootsuite, Dun & Bradstreet and LinkedIn. These are companies that have products designed specifically for businesses.
Consumer to Consumer (C2C)
This is when a consumer sells products or services to another consumer. This would include Ebay, or Etsy.
Benefits of Ecommerce to Business
A larger market
Unlike a brick-and-mortar store that limits how many people you can market to and when they can shop. An ecommerce store, allows you to sell to shoppers anywhere across the globe at any time of the day. There are no limits for selling.
Get Insights Into Your Partners With Tracking And Analytics
By tracking your traffic and partners you gain insight into exactly what they want more of, so you can improve your marketing and revenue.
Start with lower cost
There is no large upfront investment such as rent. The upfront costs for an online business involve hosting, software, and a domain name. And setting up your ecommerce store can be done much quicker than a retail store.
Personalized service
Personalized services dramatically improve your business. It shows that you value your partners. These services are easy to incorporate into any ecommerce platform and will accelerate your brand’s reputation and increase sales.
Some of the common types of personalization include discounts and promotions, loyalty programs, and recommendations.
Targeted marketing
By creating an ecommerce digital strategy you’ll be able to reach a broader range of partners, and focus on specific campaigns to target certain characteristics of each group at the same time.
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LMS with Ecommerce
You can sell your courses through your learning management system with ecommerce. Implementing LMS ecommerce with a suitable ecommerce platform will add an additional line of revenue and is easy to get started.
There are a wide range of platforms that you can choose from. At NetExam we can get you started selling courses online with an ecommerce strategy and the best ecommerce training to add an additional stream of income into your business.
So what is e-commercy strategy?
An ecommerce strategy is how we will promote your online store to increase your sales. An effective plan that is based on our research of the market, trends and product. Our ecommerce transformation to your business isn’t a guessing game, it’s built on research and around your partners.
Here are some examples of how you can add additional revenue to your LMS:
- Sell Courses, Certifications, Exams, ILT Classes, Webinars, Subscriptions
- Sell non-training items such as books, whitepapers, lodging, restaurant meals
- Course Bundles and bundle pricing
Ecommerce Examples
Retail – When you sell a product directly to a customer.
Wholesale – Selling products in bulk. Most often wholesale is business to business.
Dropshipping – This is when you sell products as a third party. When a customer orders from your website the manufacturer ships the product to the consumer.
Crowdfunding – Crowdfunding helps sellers to raise capital so that they can bring their product to the market. These items are not created until the capital is raised.
Physical products – These are tangible items that require inventory and will physically be shipped to the customer once the sale is made. Inventory will need to be replenished.
Digital products – Digital products are products that are purchased online and are instantly downloaded. These include templates, ebooks and courses.
Services – Services are skills such as coaching, writing, or marketing that are purchased and paid for online.
Ecommerce Digital Strategy
Are you ready to create an eCommerce digital strategy for your business?
Digital promotional strategies help to drive targeted traffic to your website. Some of these strategies include paid advertising, SEO for eCommerce, content creation, and more. This can seem overwhelming but
At NetExam we can integrate an ecommerce platform into your learning management system to enable you to sell your courses directly to your users. And create an effective online training strategy that will increase your revenue and maximize your ROI.
Here are some of the additional benefits of adding an ecommerce to your LMS,
Single-point Solution
When you integrate ecommerce into your LMS software it allows you to create, host, sell and track your online courses. This can be done through a single dashboard and is the best solution for selling in more and to a larger set of global audiences.
You Can Sell More
With e-commerce LMS not only can you sell more of your training, but you can also create more products such as training events and sell entry tickets to it. You’ll be able to easily manage the attendees.
Better Feedback
Feedback allows you to improve your course. Because your LMS is designed specifically for delivering courses, it offers an amazing infrastructure to interact with the users. This helps you to gauge the effectiveness of the program, and improve your course.
We can build an ecommerce LMS that provides your organization with an additional revenue stream. Request a free 30 day demo today to learn more.