The E-Commerce Opportunity
A secure e-commerce Web site can provide businesses with powerful competitive
advantages, including increased online retail sales as well as streamlined application
processes for products such as insurance, mortgages, or credit cards. E-commerce credit
card sales can be especially lucrative: according to independent analysts, cash
transactions on the Internet will reach $9 billion in 2000, and $30 billion in 2005.
By offering products and services on the Web, businesses can gain unique benefits:
· New customers: Anyone with an Internet connection is a potential customer: millions
around the world are already using the Internet for business transactions. Web
storefronts are open 24 hours a day, and require no investments in brick and mortar.
· Cost-effective delivery channel: Many products and services, such as software or
information, can be distributed directly to customers via the Web, enhancing the
customer experience and increasing profitability by eliminating the shipping and
overhead costs associated with order fulfillment.
· Streamlined enrollment: Paper-based enrollment workflows are fraught with delays.
Applications for insurance, a mortgage, or a credit card, for example, can be held up
in the mail. And once received, application information must be entered into
computer systems manually, a labor-intensive process that can introduce errors. By
accepting applications via a secure Web site, businesses can speed applicati...
Secondly, in relation to the first advantage, stores are open at all times. This adds to the convenience of shopping at any time, and even across borders and time-zones. By removing t...
In the fast pace world we live in today, when potential customers come to our website we want to make sure they return to use the website again. There are several items that must be addressed in P.O.D. e-Commerce Business to customer website one of is to have repeat customers is performance and service. “A site must be efficiently designed for ease of access, shopping, and buying, with sufficient server power and network capacity to support website traffic” (O’Brien & Marakas, 2007, p. 294). Some thing that will need to be addressed is how big the server should be that will be used to power the site. If we anticipate our site to have a high volume of customers, we will need to decide how many customers our server handles before it crashes. No matter what we do to increase our site’s performance, we will face the reality of what the customer perceives as high performance and efficiency. With this site, we will have to continue to stay on the cutting edge of technology to keep our customers coming back to our site. P.O.D. wants consumers to come to our site and navigate quickly through their selections in building their cellular phones. When they first come to the sight we can reduce the graphic file sizes to allow the page to populate faster, for example, reducing the amount of images and making them as small as possible, which will also help in the site’s performance.
e refers to the trade of production or service across the internet using an electronic means. This includes all the activities that help in carrying out a transaction. There is no face to face interaction between the parties. Ecommerce can be business to business, consumer to business and consumer to consumer. Ecommerce covers the external facing processes that touch customers, suppliers and existing partners .
Electronic commerce, commonly known as E-commerce or E-business, is trading in products or services conducted via computer networks such as the Internet. Electronic commerce includes the technologies such as M.Commerce, electronic funds transfer (EFT), supply chain management (SCM), Internet marketing(IM), online transaction processing(OTP), electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce mostly uses the World Wide Web at least at one point in the transaction's life-cycle. Also it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones/mobiles as well. Electronic commerce is generally considered to be the sales aspect of e-commerce. It also consist the processes of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating inside an organization and also one of the most effective, useful ways of conducting ecommerce processes in order. It is a Market entry strategy where an organisation may or may not have a physical presence. The areas of the Security and privacy, Reliability of the seller and buyer, Consumer Protection, logistics involving shipments and E-loyalty are some of the major problems of E business industry. Comprehensive background of these issues and countermeasures discussed here come from experiences derived from the studies made upon researches regarding the challenges of the E business industry.
E-commerce dollar volume of business conducted over the Internet in 2000 and 2001 were reported to be 354.9 billion and $615.3 billion respectively, with these figures forecast to reach between $4,600 and $9,240 billion by 2005, depending on which analyst’s figures are used. Whether it’s the conservative or the optimistic, the growth projections of 747% to 1502% are indicative of the enormous opportunities for e-commerce and the business world of the future (Plante 13/11/03).
The objective of B2C ecommerce is solely keeping tabs on item deals. On the other hand, B2B emerged with a lot of advantages.
E-commerce is the use of electronic methods and technologies to sell and purchase either goods, services or information. The e-commerce concept was first introduced in the early 1990’s takes place over the World Wide Web. In this context, there are three distinct levels of integration in e-commerce including vertical integration and cross-business integration. The vertical level of integration involves the linkage between the front end of the website and transaction systems On the other hand, the cross-business integration involves linking a company’s website with the websites of its customers and suppliers. The third and final level of integration is the inclusion of technology to handle customers’ orders, purchases and customer service. Consequently, these three levels of integration give rise to a combination of links, information, websites and e-commerce websites, which are accessible over the internet.
Simply, any e-commerce done through wireless devices (e.g. mobile phones) over any network especially the internet.
What is E-Commerce you ask? Well E-Commerce is the term that is used when referring to any business, or commercial transaction that involves transformation across the internet. In today’s world the internet is almost essential for anything you have to do especially shopping. There is not a successful company in America that does not use the ecommerce system in some type of way. For example have you ever shop online may be you have heard of Craigslist, EBay, Eastbay, or even Amazon all these or successful because of their ability to buy and sell online. There are many more business out their like this but this are just a couple of popular ones.
E-commerce has become very vital for many businesses to reach out to larger markets at cheaper costs unlike before. It relies on the cyberspace as its main backbone. A lot of people can now make instant payments for items bought online from the comfort of their living rooms or offices. It is also now possible for millions of people from across the world to work online and receive their payments courtesy of e-commerce.
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 .
We will begin by seeing the potential market of e commerce in India. Our main purpose is to evaluate that whether E commerce has as wide a range as physical market or an area wider or shorter than that.
E-commerce application is a platform where there is buying and selling of products and services which are done by businesses and consumers via an electronic medium
This paper includes the process of online business; how to sell a product, advertising, various ways to create awareness and how to become a reseller. Laws and conditions for an online business.
The advancements in the technological world have allowed supermarket chains and other national stores to quickly dominate the market and are driving out the concept of the ‘local stores’. This surge in the market has seen shares rise and profits bulge with the three main contenders in mind being Sainsburys, Safeways and Tescos who now serve the whole of the UK between them and are the household names of the shopping world. The ICT input to these businesses is vital in that it provides speedy service; controls stock levels and will even allow bank balance transfers to be carried out with minimal difficulty or technical experience.