E-commerce is the process of transmitting data and funds via the internet. It can thus be understood as an eBusiness, and these two terms are often used interchangeably. In a narrower sense, eCommerce is defined as online trading or receiving money in exchange for goods and services. It can be divided into two categories: B2C, or business-to-customer (mostly online retailers), and B2B, or business-to-business (e.g., SaaS). An additional type here would be m-commerce, in which the ‘m’ stands for mobile and is completed from a smartphone.
The customer’s or the client’s order and all relevant details are first sent into a central computing system called the order manager. From there, it goes into a system that deals with payment processing through applications such as, for example, PayPal and into a bank’s system. Finally, it returns to the order manager processor, ensuring that the seller’s inventory and the customer’s funds are compatible and that the purchase can be successfully completed. This speedy way of communication between softwares allows for reduced waiting times in comparison to traditional payment methods. Furthermore, it increases availability and accessibility since no part of the transaction requires in-person meetings or is location-bound.
When it comes to putting this practice to use, there are numerous factors and steps that need to be taken before an eCommerce function can be integrated into a webpage. Before launching, you need to investigate analytics, do market research, structure a design, and code all necessary information. Indeed, it is easier and more secure to hire a professional (or, even better, a team) to take care of everything swiftly. We have compiled a comprehensive overview of the main differences between partnering up with an external eCommerce web development team and choosing an in-house option.
As you may have guessed, eCommerce web development entails the processes and steps necessary for the successful integration of a transaction function into your website. It entails everything from market analysis to programming (both on the client’s and the server’s side), as well as choosing site functions, analyzing their compliance to specific business goals, debugging, testing, CSS, and HTML design.
When starting the development phase, there are several things one should keep in mind. Firstly, and perhaps most importantly, any website with an embedded payment option must stay compliant with security standards and also ensure the privacy of the users’ information, e.g., purchase history and other potentially sensitive information.
The transaction page should also be designed in such a way that it stays on-brand in terms of its appearance. The interface should also be made simple and mobile-friendly since it is predicted that mCommerce will comprise almost 43% of all eCommerce by 2024.
When it comes to working with an in-house team of any kind, it is undoubtedly a big plus that all operations are conducted on-site. This makes communication easier and allows management and supervisors to have more control. However, the cost of this option is also considerable. The IT industry is also notorious for the high rates of employee turnover, especially with a complex task such as integrating an eCommerce system, which requires specialists from various departments of web development.
In contrast, partnering up with an external development team has many benefits, such as:
When partnering with a team for any task, it is vital for you to be able to precisely customize it according to your needs. Partnering up with an eCommerce software development crew allows you to adapt the number of members depending on the scale of the project. Furthermore, different stages of development require specialists from different areas. For example, the very first step should include analytics and market research, while the last one should be all about marketing the finalized, launchable version of the system. A partnership gives you the opportunity to hire the most experienced, hand-picked individuals with specializations in any given subject.
With access to a global pool of talents, you needn’t worry about the quality of the final product. Through a solid communication channel you open up with your partners, and you can stay updated on all news and developments. This is especially true when you partner up with empowerment-oriented companies, such as Typeqast, who provide experienced development teams as a service. With offices in The Netherlands, Croatia, Serbia, and Romania, as well as remote work options, talent acquisition is never tied to just one location. That is how we make sure that the results are provided by only the top-grade developers.
Additionally, your development partners have already completed the education and training process. Such companies only hire the best of the best, which means that your project will undoubtedly be handled well without the need for investment in their learning. You can find partners who have fully mastered a specific field, depending on your requirements.
It is widely accepted that hiring an external crew to handle your eCommerce web development needs is the wise choice to make when it comes to finding an agile team with plenty of expertise. The team you would hire has, at the end of the day, already been hired by the management team of the partner company. You won’t need to take time out of your day to review applications and conduct interviews (although this is not uncommon). With partnerships, the candidate selection process is shortened by how much you want it to be or even made wholly obsolete.
Leaving the web development assignment in the good hands of your partners leaves you with more time to focus on other things. It is significantly easier to put your time and energy into other duties when you have a team you can trust. The delegation of tasks within a firm is the core gear that makes the operation run smoothly – and this is achievable through partnerships. A trustworthy team is an integral part of any functional business, and eCommerce is no exception.
By choosing a development partner from a nearby country, you can rest assured that your eCommerce needs will be dealt with promptly and with an end result of exceeding quality. It is the time-efficient path toward a perfectly customizable team of experts you can trust.
Typeqast is an outsourcing company of over 300 highly skilled IT specialists with years of experience building eCommerce websites. The team of experts consists of front and back-end connoisseurs, as well as testers, UI/UX designers, DevOps and cloud engineers. If you decide to partner up with us, after the initial meeting, we can begin with the onboarding process. During it, we will focus on understanding your requirements and defining the project scope, and creating the timeline and project planning. The next step is execution, in an effective and efficient manner. Via periodic sprint sessions and continuous testing and optimisation, we ensure to deliver value every week, before launching the finalized, cutting-edge product.
Are you ready to step into the future of eCommerce with us?