The internet has simplified the import and export business. As content delivery over wireless devices becomes faster, more secure and scalable, some believe that m-commerce will surpass wire line e-commerce as the method of choice for digital commerce transactions. Security continues to be a problem for online businesses. Company that have advertising budget can promote the site by placing banner ads at popular websites and portals. Electronic commerce, known as E-Commerce, occurs daily when sellers and buyers use the internet to conduct business transactions. The websites can be accessed from anywhere around the globe at any time therefore it possess the feature of universality. Faster Information- The information superhighway permits speedy exchange of data across the world, which also means new information, is available faster. Like Amazon using the services of FedEx. Today, we can configure not only computers but also cars, jewellery, gifts, and hundreds of other products and services. . Itâs suggested to start this process by identifying successful companies already working in this sphere. Customer’s convenience is greatly enhanced, availability of products and services is much greater, and cheaper products are offered. This type of corporate change must be planned and managed. Introduction to E-Commerce 2. E-commerce, also called e-trading, operates in all four major market segments – Business to Business, Business to Consumer, Consumer to Consumer and Consumer to Business. Disadvantages 16. Step 1: Choose your e-commerce niche . Choosing a niche is the most important step in starting an online business. Here we focus on digitally enabled commercial transactions among organizations and individuals. CCM is a leading international tech website. Customers might get addicted to on-line shopping, which in turn boost sales and increase revenue. So the buyer and the seller donât meet personally.In todayâs world, we are exposed to various forms of e-Business. Corporate image means trust, which is necessary for direct sales. It is often similar to television commercials. To assure successful implementation of e- commerce, management of the organization has to deal with certain type of issues. Brands are, Threats to Present Day E-Commerce and Its Solution, E-Commerce: History, Meaning, Objectives, Features, Types, Need, Business Application, Channels and Other Details, E-Commerce â Objectives: Development of Business-Relationship, Better-Customer Service and Getting More Customers, E-Commerce â 9 Important Features: Technology-Enabled, Mediated,Universality,Intercommunication,Delivery of Information,Virtual Communities and a Few Others, E-Commerce â 5 Major Types: Business-to-Business, Business-to-Consumer, Business-to-Government, Consumer-to-Consumer and Mobile CommerceÂ, E-Commerce â Need in Modern Business Era: Wider Audience, Cost Efficiency, Faster Information and Enhanced Service, E-Commerce â Business Applications: Sale, Purchase of Goods, Real Estate Market, Online Banking, Delivery of Goods, Import and Export, E-Tailing and a Few OthersÂ, E-Commerce â Channels: Commercial Channels and The Internet, E-Commerce â Essentials and Procedures: Product/Service, Processing Mechanism, Payment Gateway, Delivery of Product, After Sale Service and Reverse Logistics, E-Commerce â 4 Major Market Segments: E-Tailing, E-Advertising and E- Marketing (With Advantages and Disadvantages), E-Commerce â Managerial Issues: Formulate Ecommerce Strategy, Re-Engineering for ecommerce, Managing Ethical, Cultural and Legal Issues and a Few Others, E-Commerce â Impact of E-Commerce: Impact on Direct Marketing, Organisation, Manufacturing, Finance and Supply Chain Management, E-Commerce â Disadvantages: Security, System and Data Integrity, System Scalability, ecommerce is Not Free, Customer Relationship Problems and a Few Others, E-Commerce â Threats to Present Day E-Commerce and Its Solution. Advertisements- With direct marketing and customization comes as one-to-one or direct advertisement, which is much more effective than mass advertisement. Payments can be made by electronic modes including digital means like internet payment or internet money transfer. gabriel gonzalez. The various objectives of the e-commerce can be laid down as follows: The business development can be done through the e-commerce being the primary and the basic object. Exporters can also make enquiries about suitable customers. The availability of product details, catalogues, and other information about a business through its webÂsite makes it vulnerable to access by the competition. ii. Unchecked, they can potentially cripple the entire system. The issue of tackling viruses and their like has also seen rapid development with anti-virus vendors releasing strong anti-viruses. v. Customer Service – Customer service can be greatly enhanced by enabling customers to find detailed information online. x. Markets- The physical market disappears as does the need to deliver the goods to the marketplace. Marketing, Business Transactions, Methods, E-Commerce. Industries can purchase raw materials, components etc. Ultimately, web sites can provide a universal, self-service system for customers. Building customer profiles as well as collecting data on certain groups of customers, can be used as a source of information for improving products or designing new ones. The upheaval brought on by these changes is creating new opportunities and new risks and forcing us into new ways of thinking about jobs, careers, and salaries. Our content is written in collaboration with, This document, titled « Introduction to e-Commerce (Electronic Commerce) », is available under the. Unless a sound virus-protection strategy is used by the ecommerce Solutions firm, these malicious agents can compromise the credibility of all ecommerce web solution services. Corporate Image – On the web, newcomers can establish corporate images very quickly. It is the sale of goods and services through the internet. In 1990 Tim Berners-Lee invented the World Wide Web and transformed an academic telecommunication network into a worldwide everyman everyday communication system called internet/www(dot)Commercial enterprise on the Internet was strictly prohibited until 1991. Access online banking services by using electronic devices like personal computer, laptop palmtop! The end of last century to help students to discuss anything and Everything about Economics the impacts of was. For existing products encryption technology to secure the delivery of product in good condition on time and export business as. Within seconds, you would want to sit on it, feel the texture of the industry. ) introduction to the fascinating world of e-commerce while focusing on the web users and were. 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