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When you develop an e-commerce system, the issues related to payment solutions and logistics are very important and can be the difference between success and failure. You have to critically develop the system so that there will be no bugs and less chances of error.

E-commerce Design and Development

The entity not only has to develop the system but has to maintain it as well, update the system so that no one can hack it. Test the system from core, use of regression testing methods greatly, it improves the success of any development project.

Hosting and Website Implementation and Security

1. Add firewalls, anti-virus software and other layers of protection to your business servers and computers.
2. Choose a web host that values your business security.
3. Limit access to customer data.
4. Keep up with upgrades.
5. Notify clients and customers when data has been compromised.
6. Restrict Access to Shared Data

Above all security is a mandatory requirement in everything we do. So we should follow the best practice rules when implementing our customers’ requirements.

Life cycle stage of e-commerce

Stage 1 Experimentation

Whenever you start with a business there is risk involved in the business, as we don’t know how public will react to the idea, it will be demanded by them or not. So you have select the idea after doing research and survey in the targeted market so that there will be less chances loss to the business.

Stage 2 Retrenchment & Sobriety

Many businesses do not experience success because they spend lot of money in the stage 1 and after that they start reducing the cost, so you have to take decision wisely so that your entity will not face this stage to compromise with your product or services. Analyze the problem and make corrections to improve the E-Commerce channel.

Stage 3 Sustainability

Websites will be gaining maturity, stability, reliability, and consumer trust. The retail component of E-Commerce has to be managed by people experienced in retail sales and marketing, and the supporting supply chain. Most importantly, E-Commerce providers has to focus on using well-developed marketing data to guide their E-Commerce operations. In addition, there is emphasis on cost control, low transaction costs, and differentiation between traditional retail products and their E-Commerce counterpart, as well as improving the consumer’s overall value proposition

Stage 4 Focus & Fragmentation

In Stage Four, e-commerce became a respectable, reliable, low-risk channel for business-to consumer, business-to-business, government-to-consumer transactions. E-Commerce organizations has to provide competitive advantages based on operational efficiencies, incremental improvements, and by offering distinctive value to products acquired through the Internet. In addition, robust E-Commerce sites are able to offer mass-customization and personalized shopping. Even though traditional retail stores still dominate the retail industry, many of them complement their operations with an e-commerce channel. It is necessary to think in term of channels within retailers, rather than retailers within channels.

Here is a list of ways to raise money for a startup.

1. Crowd funding

Even though crowd funding is a relatively new way to raise money for a startup, its popularity is on the rise. When crowd funding you're literally soliciting funds from a crowd of people.

To get started with crowd funding, you have to first present an idea that you want to receive funding for. From there, people can choose how much they want to give towards that project.

What's in it for the people funding the project? Most crowd funding sites operate on a reward base model. Those who invest their money into a project are given rewards that go up in value according to how much money is invested.

Some of the most well-known crowd funding sites include Kickstarter, Indiegogo, and Fundable.

2. Angel Investing

Angel investors are best described as entrepreneurs looking to invest the money they've made back into startups. Some of the largest companies in the world received their first round of funding by angel investors. Including Google, Facebook, Skype and Twitter among others.

The benefits of an angel investor extend beyond just financial benefits. An angel investor is also a valuable source of advice and connections. Some of the most well-known networks, which connect entrepreneurs and investors, include Angel List, Golden Seeds, Tech Coast Angels and Investors Circle.

3. Bank Loan

A company that recently raised capital said, "One of the most common ways for startups to raise money is through a bank loan. When applying for a bank loan, it's important to note that you make be asked to have your loan guaranteed by the Small Business Association before it gets approved. We've had the best luck with this as it will be approved or denied within 24-48 hours. It's good because you will know either way and don't have to play the guessing game."

The Small Business Association is a government agency that will guarantee up to 80% of the value of the loan if you meet their criteria. Another way to be approved for a bank loan is to offer some other form of collateral, such as your home.

4. Venture Capital

The goal of a venture capitalist is to aim to invest early in a business that shows high potential for growth. Venture capitalists traditionally receive equity in the business they're funding, these days they may request a combination of equity and debt financing.

Approximately 3 out of 4 businesses with venture capital funding fail. Venture capitalists rely on a big win making up for a lot of losses, and because of this they typically only invest in businesses with high growth potential. Venture capital funding may not be a viable option for you if the market you're in is fairly modest.

5. Get a Business Partner

You might not have the money to fund your startup on your own, but perhaps your know someone who could help you.

When selecting a business partner make sure you share the same business goals, because they will have as much control as you over the direction of the business. It also helps to have a buyout agreement in place in the event that the business relationship goes sour. This agreement should outline that the other partner must agree to a proposed buyout within a set time frame or buyout the partners themselves.

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