Advantages And Disadvantages Of Ecommerce

Published Date: 02 Nov 2017

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BIS

Mohammad Kashif

DIV- C

Introduction: Due to great use of the internet, it has paved the way for several path-breaking innovations. The most interesting and exciting aspect of this internet evolution is the emerge of e-business i.e. electronic business, as a visible alternative or we can say as a main stream of more traditional methods of businesses which are conducted today.

We may define E-business as the process of using electronic technology to do the existing business. We are living in the age of electronic business. Also the structure of the Web is rapidly developing from a loose collection of Websites into organized market places. The phenomena of aggregation, portals, large enterprise sites, and business-2-business applications are resulting in centralized, virtual places, through which millions of visitors pass daily, and we can do business as so many people visit websites daily.

E-business has become standard operating procedure for the most of the companies. Setting up and running the e-businesses, especially who processes a large number of transactions, requires technical, marketing and advertising expertise, its not everyoneâ€™s cup of tea to make it. Consumers like to access to products and services on a 24*7 basis, and the simplest way to provide that is to move operations online. The businesses that provide the most reliable, most functional, most user-friendly and fastest services, reliable, satisfaction, variety will be the ones that succeed.

E-commerce is the subset of e-business that mainly focuses on commerce. Commerce is the exchange of goods and services from one person or party to other or others, for other goods and services or for cash payment. E-commerce is all that a company conducts commerce by using electronic technology. Since commerce is clearly a sort of business we define it above also, all the keys to success for e-business automatically apply for e-commerce also as we already say that it is subset of e-business.

E-commerce redefines the very basic of competitiveness in terms of information content and information delivery mechanisms. Flows of information over international networks have created an electronic market-space of firms that are learning to exploit business opportunities and it is very helpful.

Previously or years ago the only way of buying books is that one has to go to bookstores. Purchasing clothes meant a trip to the shops of cotton and then to tailor, malls, or stores. Previously Trading of stocks happened through brokers only. but Not anymore! Today the businesses are coming to our doorsteps. A number of companies and so many large warehouses have successfully managed to put an electronic outlet to traditional businesses.

So, we can say that E-commerce as the use of the Internet and the Web to conduct business transactions. Or we may also say it that e-commerce involves digitally enabled commercial transactions between and among organizations and individuals. We also understand that E-commerce differs from e-business in that no commercial transaction, an exchange of value across organizational or individual boundaries, takes place in e-business. We may also say that E-business is the digital enablement of transactions and processes within a firm and so or therefore does not include any exchange in value. We also saw that E-commerce and e-business intersect at the business firm boundary at the point where the internal business systems link up with suppliers. For instance, e-business turns into e-commerce when there is an exchange of value occurs across firm boundaries.

So, we can say that E-commerce is the purpose of Internet and the web to Conduct business but when we focuses on commercial deals among organizations and individuals demanding selective information systems (IMS) under the guarantee of the firm it accepts the form of e-business. Nowadays, the word â€˜eâ€™ is hitting momentum and use quitely. If weâ€™re looking to get into this business, one of the foremost things we have to have is a Virtual Private Cloud Hosting i.e. keeping the traffic in mind and respecting customerâ€™s valuable and precious time.

Business to Consumer (B2C)

business to consumer

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B2C is the short form for the Business to Consumer as the name suggests, it is the model taking businesses and consumerâ€™s deals online business and sells to individuals. The basic concept of this model is to sell the product online i.e. through website to the consumers.

B2c is the indirect trade between the company or companies and consumer and consumers. It provides direct selling through online using website. For example: if you want to sell goods and services to customer so that anybody can purchase any bodyâ€™s products directly from supplierâ€™s website.

Directly interact with the customers by the companies is the main difference with other business model.

Business to Business (B2B)

types of e-commerce

B2B is the abbreviation for the Business to Business. It consists of maximum share or largest form of Ecommerce. According to this model, Buyer and seller are the two different entities. It is similar or we can say same as to manufacturer issuing goods to the retailer or wholesaler.Â As a example Dell deals computers and other associated accessories online but it is does not make up all those products by themself. So, in govern to deal with those products, first step or fundamental step is to purchases them from unlike businesses i.e. the producers of those products.

It is one of the cost effective way to sell out the products throughout the world.

Benefits:

it Encourage the business online

Products are easily import and export

It easily Determine the buyers and suppliers

It can Position trade guides also.

Consumer to Consumer (C2C)

consumer to consumer

C2C is to denote for Consumer to Consumer. It helps consumers to do the online dealing of goods or services among people. There may not major parties needed but the parties will not fulfill the transactions without the program which are supplied by the online market dealer, we can such as eBay.

m-Commerce

Mobile COmmerce

It deals with conducting the transactions with the help of using mobile phone. The mobile device consumers can interact each other and can lead the business by using it. Mobile Commerce involves the change of ownership or rights to utilize goods and related services easily. Like we do mobile banking etc.

The general or common m-commerce applications are categorized as transaction management, digital content delivery and telemetry services. The applications can be further subdivided into the passive and active m-commerce applications. Active application relates with applications in which the user has to take the initiative on his wireless device which they use. While the passive applications themselves get activated towards accomplishing the assigned jobs or facilitate the users to carry forward.