Ecommerce in Bangladesh

E- Business: When business is occurred by electronic devices then it is called E-Business.

E-Commerce: In e-commerce electronic devices used for transactions.

In Bangladesh, first e-commerce site is www.munshigi.com and it started at 1998. After that in 2000, www.deshigreetings.com and www.homeviewbangladesh.com opened ecommerce sites.

Now in Bangladesh, there are thirty sites involved with e-commerce. In these site some sells special products such as, dhakasharee.com sells only saree and woman wears. In www.boi-mela.com we can buy bangla books.

In these E-commerce sites some sites delivers their products in Bangladesh. A few delivers their products other countries.

A good website and online transaction process is needed for e-commerce sites. For online payment we can use credit card, e-check etc. It is a matter of sorrow that we can’t buy with credit cards of Bangladesh. Although these sites have limitation, they try their best.

One man can easily buy a product from e-commerce site and pay his bill by credit card. The credit cards are issued by third party, such as, paypal.com, 2co.com etc. In these paypal is one of the most popular site in Bangladesh. But from Bangladesh we can’t be a member of paypal. For open a paypal account we must need the help of other countries.

Bangladesh is not under cyber law control. So it is easy to hack the credit card. For this we must implement the cyber laws at first.

If you want to buy a gift for your overseas friend, it will take enough money.

In Bangladesh e-commerce market is too small. If it is spread all over the world, this will bring good to us. In this time, e-commerce is only used by the emigrant Bangladeshis who want to present their friends in Bangladesh. From overseas one can easily present gift, although its cost is too high. Mainly Bangladesh e-commerce sites are too costly. Emigrants Bangladeshis mainly use these e-commerce sites. If the sells become higher the cost of e-commerce product will decrease. E-commerce sites are not spread all over the country. Most of the sites serve in Dhaka.

Online transaction is necessary for e-commerce sites. Our banks are also back dated from other banks of the world. If local banks are jointly starting a consortium for online transaction, we can easily start ecommerce. We must enrich our internet infrastructure In Bangladesh, data networks are so weak. In E-commerce total process is in automation. But we are not totally automated.

In technology we are in backward direction. Our net speed is not good so we are not habituated with e-commerce.

We must remember e-commerce is needed when we haven’t enough time to go to market.

Main advantage of the e-commerce sites is they need not show-room, store room. For these cost will become low. To run a e-commerce sit is so easy. If you pay 300-400 dollar, you can easily get a good e-commerce site. If you want to get lower than that www.2co.com take only 50 dollars for each e-commerce site. A computer, printer, Internet, Digital camera, scanner, to buy products and give it to the customer, it can manage only by two or three people. In Bangladesh to start e-commerce site is so easy. For this in average every month at least one site is added here.

We must remember for business we must insure product quality, service etc.