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Importance of e commerce in business
The importance of e business
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Business to Consumer (B2C): the most common type of e-commerce is Business to consumer . When the business is a trader, and the consumer is the client this form is used. The business to sell items through its Web site is the most common set up for this type of e-commerce. Usually, these businesses offer a list and an online shopping cart, and the business is able to accept expense through its Web site. The creation is shipped to them directly, or the consumer then has direct access to the service online. Business to Consumer refers to export and promotion export of services goods and goods via the web. where the sales are made generally to the consumers in its place of other businesses this is a business. There are no enormous reserves required for beginning a business is the advantage of this type of e commerce models . Which they are introduced to the customers this is because the different types of e commerce application have seen far more developments of the model based online stores using. can be made use of to develop character sites along with graphics and logos for the retailer to enhance their business is the latest application technology of the internet. Without the requirement of any other hardware or software, the only accuse they will have to pay is their monthly rentals. the consumers can enjoy are that the shopping done over the internet can be quicker and easier with a number of deals accessible by the retailers that some of the other advantages . B2C E-Commerce type are promotion to un-trusted stranger and extra effort to get customer and payment information this is the disadvantages. Therefore it is a better solution to provide comparing to B2B However, B2C almost always involve a customer typing informat... ... middle of paper ... ...ese websites have is that personal items like watch ,shoes etc can be purchased and sold with ease which is not in case of other types of ecommerce is Another major plus point. Disadvantages of C2C sites There are a couple of disadvantages to these type of sites as well. on these type of websites requires co-operation between the buyer and seller Doing operation. It has been noted many times that these two do not co-operate with each other after a transaction has been made. may be via credit or bill card or internet banking They do not share the business information which. the buyer and seller are not very well versed with each other This can result in online deception since. This may also hamper the c2c website's standing.This can lead to lawsuit being imposed on either ends or also on the site if it has not mentioned the repudiation in its terms and setting.
This is also a disadvantage for e-commerce sites because customers cannot speak to anyone from the business, and prefer to shop in in stores, for this reason. Customers also like to physically see the item they are purchasing, however with e-commerce they are unable to do this. That is why there is a lack of human contact. Also if a customer wanted to buy clothes, in store they would be able to feel the quality and try it, but with e-commerce this is impossible.
both B2B and B2C is that it gives to both business models a more effective control over theri customer
In two distinct e-commerce business types, Business-to-business (B2B) and Business-to-Consumer (B2C), there are many differences in the way they operate. Specifically in marketing, differences include how the marketing is driven and the values of the strategies, the size of the target market and length of the sales cycle, and even the buying patterns of the target consumers. Each of these differences will be better defined and explained in the following paragraphs.
Second, B2B Customers finds it more comfortable in purchasing and collaborating through remotely, they use the web to search for the product information and communicate with sellers through E-mail, social media, telephonically.
An experimental, decentralized digital currency that enables instant payment to anyone anywhere in the world. Bitcoin uses peer-to-peer technology to facilitate instant payments with no central authority; managing transactions and issuing money are carried out collectively by the network. Bitcoin is a type of alternative currency known as a crypto currency (digital medium of exchange), which uses cryptography for security, making it difficult to counterfeit.
One of the primary initiatives for each B2B Marketer is to generate, nurture, and convert leads. And in order to increase the probability of growth, Marketing Automation Platforms empower Marketers to track visitors, automate campaigns, and synchronize activities across a variety of applications. The DMN3 team of Marketing Strategists successfully implemented an online marketing campaign for a B2B organization and the focus of this article is to review the technologies used to optimize conversions.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
The are two basic categories of business conducted over the internet, Business-to-Customer (B2C) and Business-to-Business (B2B), and they share one common key aspect - use of Internet technologies to manage all aspects of the business.
The report also talks about the differences between, advantages and disadvantages of e-business and e-commerce. Recommendations and advice have been given in the end for businesses intending to adopt an e-business dimension.
The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.
The main advantage of online shopping is convenient. Online shops open 24/7. People who live in remote areas do not need to speed long time on the traveling to the stores. Consumers who come from other cities/countries can easily buy the native and specialty goods by just a click instead of going to that cities/countries themselves. The relevant information of products can be received from any location in seconds. Study showed that 72% of online shoppers preferred surf online than go to retail store to attain information about a product (Lokken et al., 2003). Online shopping also has greater price information (as cited...
E-commerce has grown significantly over the past years, it has helped small businesses to expand and create new businesses mush easier and faster than before, it also has changed the way they deal with customers and helped the growth of the economy, and more and more businesses are doing their business over the web, all of that shows how important EC is in many aspects and how it will continue emerging between businesses.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
For instance they can purchase anything at any point of time without going out to any physical store; they can compare the prices of the product from different websites and can purchase from the site where they are getting cheaper; it also saves time; customers can also avoid pressure when having a face to face interaction with the salesperson etc. We can summarize these factors into 4 categories: