Different Payment Methods Although credit cards are by far most acceptable means of payments on Internet, you should definitely consider other methods as well. For small payments, Paypal is becoming increasingly a popular mode. All e-commerce sites should integrate this to their payment methods. More options include: Electronic checks, e-bullion, Offline bank transfer etc.

Shopping Cart with Tax Calculation In your search for shopping carts look for ones, which have different tax calculation mechanisms inbuilt. If you are located in a province or state where your regional tax gets calculated on top of federal or vice versa, your shopping cart should have ability to calculate them correctly.

Guarantees As money back guarantees are becoming increasingly common on online sales you should consider prominently posting your money back guarantee on you website. Be sure to make your money back guarantee generous! Customers are becoming pickier on this issue. For example if you sell knowledge base products like e-books, reports etc. make your hundred percent guarantees at least of two months. For tangible products, after sales warrantees should be also considerably generous. Customers should feel completely secured to buy at your website.

Privacy Policy Your website must have a privacy policy. Customers are very concerned about information that they are relaying to you. You must clearly explain them what you plan to do with various information that you collect from your customers. If your site is planning to use cookies, make sure that you covered this aspect in your privacy policy too.

Security If your website collects sensitive information from your customers, you should use security systems like SSL (Secure Socket Layer). This guarantees that data provided by your customer will not fall into hand of a malicious hacker while transferring from his computer to web server. This also will reassure your customers that you are truly concerned about security of their personal and sensitive information.

Once you know how to handle all above mentioned aspects, go ahead and look for a great tool to build your dream e-commerce website and make money online!

4. There are number of reasons why suppliers don't expedite process either. They are mainly scared of comparison shopping and brand dilution. Complexity of back end office integration and product catalog conversion also creates major impediment in mass adoption of e-marketplaces within supplier community. Suppliers with websites, who previously had disappointing e-commerce experience, are also quite skeptical about benefits that they might achieve from exchanges.

5. Many exchanges' revenue depends on percentage-based transaction fee, imposed upon participants. Some companies consider that these fees will reduce their net profit margin, especially, in a down market. This is another cause, why many are not very keen to participate in e-marketplaces.

All these conditions are maybe right and, probably mass scale adoption of e-marketplaces won't take place another several years. However, don't think that companies should relax. As some industries are more advanced in their adoption of B2B technology, companies should constantly check where they stand. If their competitors are already practicing e-business actively; or many of their suppliers are by now on some sorts of exchanges, this is right time for these companies to consider their online business approach seriously.

The sooner companies understand benefits that they can reap from B2B exchanges better it would be for them. For suppliers e-marketplaces offer benefits like liquidity improvement, cost savings, better inventory management, demand forecasting, dynamic pricing etc. Buyers benefits include: cost reduction, real-time purchase, best available price and many others. Research indicates that companies, thanks to B2B exchanges, can gain remarkable cost reductions: 20 to 40 percent of overhead expenses, 5 to 15 percent of buying cost, Purchase Order processing cost from US$ 75 to just US$ 6-8; and decrease of document errors from 20 percent to less than one percent.

Apart from these benefits, early adoption of B2B marketplaces also has great implications for companies. Early birds get considerable information advantage over their competitors; have enough time to learn from trial and error and participate in setting rules for exchanges as opposed to - forced to abide by rules as it would be case for late-comers.

Whatever approach companies decide to take in their quest of B2B technology, one thing is for sure that e-marketplaces are here to stay. Over time, they will definitely evolve and their business models will also change, however, there is no doubt that a major portion of e-business will transact through e-marketplaces in near future.