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The Future of E-commerce with Cross Border eCommerce. With the present rivalry in the consumer market, numerous techniques have been set up by business owners with the aim of getting more customers. Through implementing the various ideas by the business owners, there are some challenges that are difficult to overcome. Through this challenges, many opt in using cross border e commerce in their marketing options as they consider it barrier free. Cross border e-commerce has a broad definition as it majorly involves online trading taking place either locally or internationally with the consumer and producer as the two largest parties. Through the introduction of Amazon and eBay as their marketing platform, this type of e-commerce has been made possible globally. Clients using these platforms in cross border e-commerce, have been at ease in accessing the marketer’s services through the websites they created. An the advantage of using cross border e-commerce in business practices is in the fact that through their platforms, the client is by any chance not taxed upon buying a product whereas the seller can sell their goods without having a license. A factor that has been a driver to the spread of cross border e-commerce is the desire for a customer to get a product from a different country that is not locally available. With the huge success recorded, controversial on cross border e-commerce as the future of e-commerce have been ever growing with many of its users arguing out that it is indeed the future of our business practices. With the overgrowing success; this marketing platform has some challenge that it faces. They include:
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o Fraud. Through globally goods purchase, many cases have been reported of customers been conned or the buyer getting rigged off their payment. This has led to upcoming issues of which is an excellent service for payment that is critical to customers’ behavior.
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o Logistics and reverse logistics. If one is not keen on his or her local consumers, logistics obtained from them can negatively impact your business in case you doing it online. o Regulation. It affects the success of the discussions as the government usually opts to interfere in someone’s business specifically if the business does not involve tax paying or license owning. It is considered crucial for a business owner to understand how the local taxation works, and also he or she should ensure that the customer’s payments are legit. Otherwise the result from the government regulation criteria might affect the business negatively. Overview, cross border e-commerce, experienced problems too. Despite that, it is considered to be future of business and e-commerce business.