Contents Introduction…………………………………………………………………………………………………………… Types of E-commerce…………………………………………………………………………………………….. E-commerce in use by organisations……………………………………………………………………... Financial implications…………………………………………………………………………………………….. Designing an e-commerce solution………………………………………………………………………… Evaluation………………………………………………………………………………………………………………. References……………………………………………………………………………………………………………… Introduction. Many businesses have shown that after implementing an e-commerce system into their companies, sales have increased immensely. Sneaker Joe’s is a small family run business that is looking to expand their business after the sneakers they sell have shown to be very popular locally, after a picture of them was spotted on a social networking site. I have been looking at some of the most popular websites that consumers use to purchase their goods and what kind of commerce system they have in place, but first, I have written an explanation of the different types of ecommerce used today. Types of Ecommerce. E-commerce is the process of buying and selling of various products and services by businesses through the Internet. Primarily there are five types of ecommerce systems: Business to Consumer (B2C) B2C stands for Business to Consumer as the name suggests, the basic concept of this model is to sell the product online to the consumers. B2C is the indirect trade between the company and consumers. It provides direct selling through online interaction.. Business to
E-commerce is short for electronic commerce and refers to purchasing and selling items and services on the Internet via a website. Otherwise called an online store, an E-Commerce website has features that make it easy for customers to browse for items to purchase.
E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.
Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.
Consumer to business electronic commerce involves consumers selling products or services to businesses. You've taken part in this form of e-commerce if you've ever completed a paid online survey where you've given your opinion about a product. Eg: ReverseAuction.com
Generally speaking at first sight we would think about e-commerce as just think of an online relation between client and the supplier, although it is right there are also several areas that make up the relationships of having E-commerce which can be broken down into 4 basic categories which are Business to business (B2B), Business to consumer (B2C), Consumer to Business (C2B), Consumer to Consumer (C2C), and also other forms of ecommerce involving government transaction.
E-commerce – This is about the purchases and sales of goods and/or services via electronic channels e.g. internet. It is very convenient to use online retail because it is available 24 hours; it is a global reach and ease of customer service. E-commerce was first introduced in the 1960’s and is not just on the web. It was created via electronic data interchange and through valued-added networks. In the 1990’s e-commerce was changed due to the introduction of Amazon and eBay which enabled costumers to sell things online. There are four different types of e-commerce:
In today’s global economy, E-commerce has created a very cost effective way of reaching out to the customers. In this assignment, a clear description of ecommerce opportunities, strengths, technological advancement and how e-commerce is helping out businesses are briefly explained. The role of- ecommerce is studied by an e commerce business Souq.com.
There are vast number of reasons why this e-commerce does not work actively, these reasons vary according to the countries and regions. The cost is the important and crucial issue for the small firms since they do not have much investment than the larger companies. The lack of knowledge and awareness of E-commerce world, poor business strategies, lack of skills and time to implement SMEs, fear of failure etc. Security continues to be the most important problem for online businesses as customers have to feel confident and trust about the integrity of the payment process before they commit to the purchase. Slow internet connections, lack of electricity supply and financial infrastructures will lead to poor e-commerce in small and medium sized firms. There many positive and significant impact of e-commerce in small and medium sized firms such
There are three primary sorts of the E-commerce systems. They are business – to – business (B2B), Business – to – shopper (B2C) and customer – to – buyer (C2C).
E-Commerce. The ecommerce industry has been around for a long time, however, with the aid of modern networking technology it has become even better and it will continue to evolve as the technology grows. Ecommerce involves the activities of buy and selling good over a network mainly the internet. Ecommerce is a step up from traditional shops where customers had to visit a physical store to purchase goods and services according to Rouse, M. (2016, June 30). What is e-commerce (electronic commerce or EC?). Ecommerce allows a consumer to stay at home, make purchases and then have the good or service delivered to them. Ecommerce would not have been possible without the aid of computer networks and the internet. The infrastructure of ecommerce is networking. The components of an ecommerce system is: A consumer using a computer or cellphone, a web server, an order manager the stock database, a merchant system, and the bank computer.
Salvatore (2013) defines electronic commerce or e-commerce stating, “E-commerce refers to the production, advertising, sale, and distribution of products and services from business to business and from business to consumer through the internet” (p. 150). These activities can take place in many environments between businesses and consumers. E-commerce has changed the way goods and services are exchanged and have given light to businesses and consumers to exist on a global scale without an established brand. With e-commerce defined, let us look at its origin.
My boss gave me full reigns on this one, so I decided to create a business to consumer, e-business model. I wanted to create a business to consumer since it will be the best e-business model suited for my boss and his unique business endeavor, after all I want to maximize profits. The reasons B2C made the cut was because selling directly to clients was more beneficial than selling directly to merchants. Business to consumer is the most
Business to consumer (B2C): this involves the seller who is the business organization and the buyer being the consumer. In this model, the business organization s the information source while the customer is the information seeker.
With rapid change of technology in social web, e-commerce is become one of important think in our life. E-commerce is the use of internet and the social web to do business, when focus on digitally enabled commercial transactions between among of firm and individuals involving information systems under the control of the firm it takes the form of e-business. Nowadays, e-commerce is gaining momentum and most of the things if not everything is getting digitally enabled. Therefore, it becomes very important to clearly draw the line between different types of commerce or business integrated with the 'e' factor. Based on the type of relationship between different sides of commerce, it can be categorized in different types.
Business-to-business is simply e-commerce that is present between two businesses. It is said that it is the fastest growing type of e-commerce, much faster than B2C. It is a type of e-commerce wherein two businesses transact with each other online. About 80% of online businesses are of B2B type.