Top 25 Must-Know Buzz Words In Ecommerce - The Online ...

Every business has its own terminology.? Law enforcement has words or rather codes like 10-4 and MO (method of operation); the medical community has BP (blood pressure) and code blue, but what how about the world of ecommerce?

Well, first off we need to know what ecommerce stands for, then we?ll get down to business in learning what some of the buzz words are.

Ecommerce

Ecommerce is short for Electronic commerce.? You may find it written as ?Ecommerce,?

?e-commerce,? or ?e-Commerce.?? It?s all the same.

Ecommerce are business transactions that take place via an electronic network, usually over the Internet.?? It?s the buying and selling of products and services taking place between business to business, business to customer, customer to customer, and customer to business in both the wholesale and retail market.

Whether you purchase items from eBay and pay with PayPal or use your debit card at the market, most all of us at on time or another have done business electronically.

Buzz Words?

Here is a list in alphabetical order of some of the most well-known and widely used buzz words about ecommerce floating around the Internet. Whether you are an Internet retailer or an Internet shopper, having an idea of what these terms mean will help you in your all around Internet experience.

?1.?Affiliate ? A website offering links to your website via their own marketing efforts.

2.?B2B ? Business to Business transactions.

3.?B2C ? Business to Customer transactions.

4.?Caching ? Web files stored on a computer or server for quick and easy access.

5.?Cookie ? Information stored by websites that can be recalled at a later time by that website.

6.?Cost-per-click ? Online payment processing by way of advertising such as clicking on a banner.

7.?Domain Name ? A user friendly name representing a location on the Internet.

8.?Doorway Page ? A web page made to rank well and found easily in search engines from particular keywords.

9.?EDI (Electronic Data Interchange) ? The exchange of information between companies or exchange of information within a specific company.

10.?E-commerce catalog software/solution ? An e-commerce software program for online catalog management systems; manages products, shipping, sales tax, payment processing, order processing, and marketing.

11.?E-tailing ? A virtual storefront with a shopping cart platform so customers can purchase products with a credit card.

12.?FFA (Free-for-All) ? Websites that do not have any qualifications for adding a link to your website.

13.?.gif ? An image file format.

14.?Impression ? An advertisement being displayed one time.

15.?.jpg / .jpeg ? An image file formant.

16.?Keyword ? A word used to for a search.

17.?Luhn algorithm ? It?s a method of credit card number generation and validation.

18.?Log file ? They are the files that record requests for resources on your website.

19.?Merchant Account ? This is a crucial account in ecommerce.? It?s a banking system that allows you to receive/accept credit card payment from your customers.

20.?Merchant Identification Number (MIDS) ? It?s a unique number for the merchant that is used with all transactions.

21.?Payment Gateway ? It?s an Internet service that works in conjunction with your Merchant Account; it?s a gateway that accepts order information and connects to your Merchant Account for authorizing and the transferring of funds.

22.?Privacy policy ? A website?s official statement stating how information is collected and used, how a customer can access, change, or remove the information, and how the information collected is protected from other website viewers.

23.?Shopping Cart ? A type of shopping cart software that allows the customers to keep track of products wanted until a final decision has been made for purchase.

24.?URL (Universal Resource Location) ? It?s the location of an Internet resource of a website, a file, an image, etc.

25.?Website Traffic ? A tool that calculates the number of visitors and visits made to your website be way of hits, page hits, or unique visitors.

Cathy West is a prolific ecommerce writer who has been published on various blogs.

Source: http://www.nervate.com/top-25-must-know-buzz-words-in-ecommerce/

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