Showing posts with label About e- commerce. Show all posts
Showing posts with label About e- commerce. Show all posts
2010-08-08
Commerce and the internet
There are a number of ways in which companies can make money from the internet. Probably the best known way of making money is by selling some commodity; this could be a non-IT commodity such as a CD or item of clothing or it could be some piece of application software, a font, a browser plug-in or an operating system. Other forms of revenue raising are:
Auction sites which auction items on the internet and make profits by taking some commission from the sales.
Affiliate sites which contain a link to a normal retailing site and are paid when a visitor from the affiliate site makes a visit to the retail site to make a purchase. The affiliate site will usually attract visitors by offering some information such as providing links to resources and tutorials on some specific topic or technology such as Java.
Banner adverts. These adverts will contain links to the company doing the advertising; they will be displayed on a site and will result in some revenue being earned by the site owner when the banner advert is clicked.
Bulk-buying sites where a site collects a number of users together all of whom want to buy some item; the site negotiates a discount with the supplier and takes a commission.
Shopping malls where a number of e-commerce sellers congregate together on the same website; often these sellers will be related to each other, for example they may all sell luxury goods. The mall owner takes a percentage of their profit.
Portals which contain massive amounts of material on a particular topic, for example a portal devoted to fishing. Such sites will contain thousands of resource links, tutorials and indexes. They will also contain links to merchants who sell goods associated with the portal topic. There may be a number of ways that the portal owner would make money, for example they could be paid by a merchant for each visit from the portal or the merchant may pay a flat fee for being included in the portal.
Digital publishing sites which are effectively magazines on the web. They make profits in a number of ways including advertising and charging vendors for references to their website.
Licensing sites which make some software available to other sites, for example search engines which allow a visitor to the site to search for material more easily.
Community sites. These are like portals but involve the visitors more, for example a community site devoted to nurses might include a number of chat rooms which allow nurses to talk together in real time and swap advice. Money is made from such sites in the same way as with portals.
Name-your-price sites are websites where the buyer haggles with the retailer and names what price they will pay for a particular product. Such sites make profits in the same way as normal retail sites.
Such applications have changed the face of retailing, for example the fast communication of the internet has made bulk buying sites feasible and popular and has given rise to a number of novel commercial models. The most popular model is one which involves a pyramid of services, ranging from those that are free, to those which are charged at a premium rate. For example, a site which sells a piece of software might give the basic software away for free and then offer increasingly more sophisticated versions of the software to buyers. This form of partially free charging has percolated down from the internet to conventional software sales; for example, the company Qualcomm that markets the Eudora email reader makes a version of the program available for no cost, but will charge for fully featured versions.
Auction sites which auction items on the internet and make profits by taking some commission from the sales.
Affiliate sites which contain a link to a normal retailing site and are paid when a visitor from the affiliate site makes a visit to the retail site to make a purchase. The affiliate site will usually attract visitors by offering some information such as providing links to resources and tutorials on some specific topic or technology such as Java.
Banner adverts. These adverts will contain links to the company doing the advertising; they will be displayed on a site and will result in some revenue being earned by the site owner when the banner advert is clicked.
Bulk-buying sites where a site collects a number of users together all of whom want to buy some item; the site negotiates a discount with the supplier and takes a commission.
Shopping malls where a number of e-commerce sellers congregate together on the same website; often these sellers will be related to each other, for example they may all sell luxury goods. The mall owner takes a percentage of their profit.
Portals which contain massive amounts of material on a particular topic, for example a portal devoted to fishing. Such sites will contain thousands of resource links, tutorials and indexes. They will also contain links to merchants who sell goods associated with the portal topic. There may be a number of ways that the portal owner would make money, for example they could be paid by a merchant for each visit from the portal or the merchant may pay a flat fee for being included in the portal.
Digital publishing sites which are effectively magazines on the web. They make profits in a number of ways including advertising and charging vendors for references to their website.
Licensing sites which make some software available to other sites, for example search engines which allow a visitor to the site to search for material more easily.
Community sites. These are like portals but involve the visitors more, for example a community site devoted to nurses might include a number of chat rooms which allow nurses to talk together in real time and swap advice. Money is made from such sites in the same way as with portals.
Name-your-price sites are websites where the buyer haggles with the retailer and names what price they will pay for a particular product. Such sites make profits in the same way as normal retail sites.
Such applications have changed the face of retailing, for example the fast communication of the internet has made bulk buying sites feasible and popular and has given rise to a number of novel commercial models. The most popular model is one which involves a pyramid of services, ranging from those that are free, to those which are charged at a premium rate. For example, a site which sells a piece of software might give the basic software away for free and then offer increasingly more sophisticated versions of the software to buyers. This form of partially free charging has percolated down from the internet to conventional software sales; for example, the company Qualcomm that markets the Eudora email reader makes a version of the program available for no cost, but will charge for fully featured versions.
2010-08-07
What are the components of a typical successful e-commerce transaction
E-commerce does not refer merely to a firm putting up a Web site for the purpose of
selling goods to buyers over the Internet. For e-commerce to be a competitive alternative
to traditional commercial transactions and for a firm to maximize the benefits
of e-commerce, a number of technical as well as enabling issues have to be considered.
A typical e-commerce transaction loop involves the following major players and
corresponding requisites:
The Seller should have the following components:
● A corporate Web site with e-commerce capabilities (e.g., a secure transaction
server);
● A corporate intranet so that orders are processed in an efficient manner; and
● IT-literate employees to manage the information flows and maintain the e-commerce
system.
selling goods to buyers over the Internet. For e-commerce to be a competitive alternative
to traditional commercial transactions and for a firm to maximize the benefits
of e-commerce, a number of technical as well as enabling issues have to be considered.
A typical e-commerce transaction loop involves the following major players and
corresponding requisites:
The Seller should have the following components:
● A corporate Web site with e-commerce capabilities (e.g., a secure transaction
server);
● A corporate intranet so that orders are processed in an efficient manner; and
● IT-literate employees to manage the information flows and maintain the e-commerce
system.
What is B2B e-commerce?
What is B2B e-commerce?B2B e-commerce is simply defined as e-commerce between companies. This is the
type of e-commerce that deals with relationships between and among businesses.
About 80% of e-commerce is of this type, and most experts predict that B2B ecommerce
will continue to grow faster than the B2C segment.
The B2B market has two primary components: e-frastructure and e-markets. Efrastructure
is the architecture of B2B, primarily consisting of the following:9
● logistics - transportation, warehousing and distribution (e.g., Procter and Gamble);
● application service providers - deployment, hosting and management of packaged
software from a central facility (e.g., Oracle and Linkshare);
● outsourcing of functions in the process of e-commerce, such as Web-hosting,
security and customer care solutions (e.g., outsourcing providers such as
eShare, NetSales, iXL Enterprises and Universal Access);
● auction solutions software for the operation and maintenance of real-time auctions
in the Internet (e.g., Moai Technologies and OpenSite Technologies);
● content management software for the facilitation of Web site content management
and delivery (e.g., Interwoven and ProcureNet); and
● Web-based commerce enablers (e.g., Commerce One, a browser-based, XMLenabled
purchasing automation software).
type of e-commerce that deals with relationships between and among businesses.
About 80% of e-commerce is of this type, and most experts predict that B2B ecommerce
will continue to grow faster than the B2C segment.
The B2B market has two primary components: e-frastructure and e-markets. Efrastructure
is the architecture of B2B, primarily consisting of the following:9
● logistics - transportation, warehousing and distribution (e.g., Procter and Gamble);
● application service providers - deployment, hosting and management of packaged
software from a central facility (e.g., Oracle and Linkshare);
● outsourcing of functions in the process of e-commerce, such as Web-hosting,
security and customer care solutions (e.g., outsourcing providers such as
eShare, NetSales, iXL Enterprises and Universal Access);
● auction solutions software for the operation and maintenance of real-time auctions
in the Internet (e.g., Moai Technologies and OpenSite Technologies);
● content management software for the facilitation of Web site content management
and delivery (e.g., Interwoven and ProcureNet); and
● Web-based commerce enablers (e.g., Commerce One, a browser-based, XMLenabled
purchasing automation software).
types of e-commerce
What are the different types of e-commerce?
The major different types of e-commerce are: business-to-business (B2B); businessto-
consumer (B2C); business-to-government (B2G); consumer-to-consumer (C2C);
and mobile commerce (m-commerce).
The major different types of e-commerce are: business-to-business (B2B); businessto-
consumer (B2C); business-to-government (B2G); consumer-to-consumer (C2C);
and mobile commerce (m-commerce).
2010-07-17
What to consider in E- commerce ?
**Per Cyber Source Corporation, online fraudsters took $3 billion out of e-commerce in 2006. Most companies provide at least basic forms of fraud protection.
**Be sure to take into account all your costs such as monthly e-commerce fees, packaging costs, shipping costs, time, etc.
**For internet based orders and shipping you should check with your state's board of equalization office to determine the appropriate sales tax. Our Small Business Tax Center provides valuable links to tax information from the IRS.
**Be sure to take into account all your costs such as monthly e-commerce fees, packaging costs, shipping costs, time, etc.
**For internet based orders and shipping you should check with your state's board of equalization office to determine the appropriate sales tax. Our Small Business Tax Center provides valuable links to tax information from the IRS.
Is an E-commerce Web site right for your business?
Probably. Much depends on the nature of your business.If you own a local bookstore, there are several ways to reach new customers, get them to know you better and have them keep coming back for more. You might want to offer notices of special promotions or readings by authors. Trust will become the cornerstone of building your e-business. As Warren Buffett has said, "If you don't know jewelry, know your jeweler."
A Web site doesn't need to exist solely to sell your product online. It could supplement the sales of your already established retail store. If you sell a unique product, such as wheat grass or gourmet chocolates, you might find success reaching others around the country (or the world, for that matter) who do not have access to these products in their own towns.
Using the Internet for conducting e-commerce will not assure you of being able to compete favorably with large established competitors. They already have the inventory, delivery and marketing systems in place, and they can deliver the groceries as cheap (or more cheaply) than you can. Yet, the beauty of the Internet is that it provides a global audience of potential customers and it never closes.
Your customers will have access to information about your business 24 hours a day 365 days a year. You can add pictures, audio, video, news, and so much more. Your customer will even be able to buy from you 24 hours a day. So, your Web site address should be promoted everywhere including your stationery, sales forms and advertisements.
A Web site doesn't need to exist solely to sell your product online. It could supplement the sales of your already established retail store. If you sell a unique product, such as wheat grass or gourmet chocolates, you might find success reaching others around the country (or the world, for that matter) who do not have access to these products in their own towns.
Using the Internet for conducting e-commerce will not assure you of being able to compete favorably with large established competitors. They already have the inventory, delivery and marketing systems in place, and they can deliver the groceries as cheap (or more cheaply) than you can. Yet, the beauty of the Internet is that it provides a global audience of potential customers and it never closes.
Your customers will have access to information about your business 24 hours a day 365 days a year. You can add pictures, audio, video, news, and so much more. Your customer will even be able to buy from you 24 hours a day. So, your Web site address should be promoted everywhere including your stationery, sales forms and advertisements.
What is E-commerce?
E-commerce is the sale of products and services over the Internet. It is the fastest growing segment of our economy. It allows even the smallest business to reach a global audience with its product or message with minimal cost. The sale of products or services on your Web site can generate sales that will make the difference between success and failure. Even Walmart, the largest retailer in the world with one billion dollars sales per day, could not anticipate the increasing wave of Internet business. On the morning of November 24, 2006, their Web site broke down because it could not handle the volume of Internet orders.
180 million people in the US use the internet at least once per month.
In 2005 there were approximately 1.08 billion people worldwide who used the internet at least once a month. This is projected to grow to 1.8 billion in 2010.
The online population has hit 73% of all U.S. adults.
The average income of Internet households is over $66,790, making the Internet user a very attractive customer for you to target.
180 million people in the US use the internet at least once per month.
In 2005 there were approximately 1.08 billion people worldwide who used the internet at least once a month. This is projected to grow to 1.8 billion in 2010.
The online population has hit 73% of all U.S. adults.
The average income of Internet households is over $66,790, making the Internet user a very attractive customer for you to target.
Subscribe to:
Posts (Atom)
