Bulgaria Ecommerce Table of Contents
The world of Ecommerce in Bulgaria can be considered as one of the biggest and yet, new frontiers for a thriving business. With the liberalization policies of the government of Bulgaria, both Ecommerce and traditional businesses alike are witnessing positive changes and growth in their respective markets. Bulgaria has a strong web community that supports its Ecommerce market in a big way. The Bulgarian authorities have also taken major initiatives in making Ecommerce in Bulgaria a success story. These initiatives have greatly contributed to the mushrooming of numerous Ecommerce sites offering merchandise from all over the world.
The Bulgarian market is widely known for its strong consumer base and this is also evident from the number of Ecommerce stores operating online. The people of this country are known to be progressive and open to change and innovation. This is evident from the fact that Bulgaria is not just another country but an Ecommerce hub with over twelve million online consumers visiting Ecommerce sites every month. Ecommerce in Bulgaria has been crafted in such a manner that it serves the common consumer and professional alike. This is because Ecommerce websites are equipped with professional product catalogs, payment gateways, shopping carts and other advanced functionalities that enable easy browsing and purchasing of products/services. Ecommerce websites are also designed in such a manner so that the process of payment is simplified and hassle free.
Another important aspect of Ecommerce in Bulgaria is its product catalogs. Product catalogs play an important role in making online purchases. A product catalog helps the online buyer to get a clear picture about the kind of products available on a website. It displays product specifications, price tags, physical description and other related information pertaining to the product. The catalogs help the buyers to make appropriate decisions while making online purchases.
Ecommerce in Bulgaria also facilitates the display of product catalogs on the main pages of the website. The catalogs also offer additional details, images and other promotional tools which enhance the functionality of online shopping. Moreover, product catalogs are search engine optimization (SEO) friendly and these features help the website to climb higher rankings on search engines.
Most of the Ecommerce websites in Bulgaria allow customers to make their own selections of products displayed in product catalogs. The products displayed in the catalogs can be selected by customers and various options can be made available for them. The customers can also make their own searches for products. In this way, customers can search for the perfect products displayed in the catalogs of Ecommerce websites in Bulgaria. Ecommerce websites also provide the facility of paying for products displayed in catalogs.
With the inclusion of online payment gateway solutions and product catalogs, Ecommerce websites have become quite useful for online marketers. The most popular payment methods in Ecommerce websites include PayPal, WorldPay and i-Wire. Ecommerce websites are advantageous for online marketers as they provide a platform for creating online stores, catalogs, payment gateway solutions, and customer information portals. It is easy to manage products displayed in catalogs and buy them from stores through Ecommerce websites. With the usage of online tools like web-shopping carts and advanced shopping cart options, Ecommerce websites can become a profitable venture for all companies involved in Ecommerce activities.
Over the past years, the Internet has revolutionized the way we do shopping online. Not only do we no longer need to go shopping but we can do everything from the comfort of our homes. Shopping online has become a passion for many shoppers, especially those who cannot make it to the actual stores. In this era, where almost everything is within our reach, shopping online in Bulgaria is becoming more popular as Bulgarian people are slowly learning how to use the Internet to avail the best shopping experiences.
With the evolution of Ecommerce, shopping online in Bulgaria has also become more convenient. In fact, Ecommerce is the largest online business in Bulgaria and has recently attracted many global companies to set up their brick and mortar outlets in Bulgaria. There are many advantages of setting up an Ecommerce store on the Internet. Not only does it give you a big shopping area to choose from, it also allows you to manage your online business with the help of a professional website development team.
If you are planning to start an online business in Bulgaria, you may wonder how to overcome some of the challenges that may be faced. The first thing you need to do is find out whether there are already companies that are providing Ecommerce solutions for your local market. You may also find some information about the latest trends in the Ecommerce market in Bulgaria by browsing through some of the popular sites on the Internet. By staying updated with the latest developments, you will be able to introduce your products and services better and attract more customers to your online store. Once your online business is established, you may also want to consider setting up a shopping portal that will allow you to reach out to a wider market.
Recently I was having a conversation with some small business owners in the South of Bulgaria about Bulgarian consumers' behavior towards online businesses. The first thing that struck me is that there is no real effort from the authorities to protect Bulgaria's small and medium enterprises from cyber crime, or at least, there is very little if any effort to make sure Bulgaria's laws and regulations are effectively enforced. There are reports that the G Sofia government has discussed making some improvements to its current anti-Cybercrime efforts, but these seem to be pretty cosmetic and not much more than lip service. At the same time, there is a general consensus among business owners that the problem goes way beyond the G Sofia's ability to tackle.
It seems to me that many people in Bulgaria still see cyber crime as a local issue, one that can be dealt with within the country itself. But this couldn't be further from the truth. Bulgaria is an internet economy, and cyber crime has been increasing steadily since Bulgaria joined the European Union. Bulgaria has a lot to lose by not cracking down on cyber crimes, not just financially but also in the image that it projects to the rest of the world. Many US corporations with major contracts in the region, such as Cogent, Plesk and Kaspersky have had to leave Bulgaria because of the high risk of cyber attacks on their companies' websites.
Unfortunately, its lack of progress when it comes to combating cyber crime is probably more about perception than anything else. Most small businesses think that they can handle cyber issues themselves and are too lazy to hire an external company. It is true that Bulgaria has an online tax which some entrepreneurs take advantage of, but this doesn't cover all of the risks associated with Ecommerce, especially when the small businesses don't have the resources to cope with the constant attacks. In the end, unless Bulgaria takes a more active approach to combating cyber criminals and organised crime, it will continue to be hit by cyber-attacks, and this could seriously undermine the economic benefits that come with doing business in this country.
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