E-Commerce

E-Commerce is the trading or facilitation of trading in products or services using computer networks, such as the Internet.

Two Parameters classifying E-Commerce businesses are

• Type of goods sold

• Nature of participants

Classifying E-commerce Business Based on Nature of Participants

Business to business buying and selling

 Gain New Customers With Search Engine Visibility with E-Commerce website

E-Commerce eliminate travel cost and time

It is not unusual for customers to travel long distances to reach their preferred physical store. Ecommerce allows them to visit the same store virtually, with a few mouse clicks.

Customer can do online deals, bargains, coupons etc. with a few mouse clicks

E-Commerce provide abundant information

Ecommerce websites can make additional information easily available to customers. Most of this information is provided by vendors, and does not cost anything to create or maintain.

Providing comparison shopping through e-commerce websites

E-commerce websites can run all the time

Classification of E-Commerce business based on types of goods sold

E-Commerce Business can sell

Digital goods (Example, software, ebooks, music, text, images, video etc..)

Physical goods (Example books, gadgets, furniture, appliances, etc..)

Services(Example tickets, insurance etc...)

Type of E-Commerce Business based on Platform

•Fcommerce

•MCommerce

MCommerce

Mcommerce is an abbreviated form for “mobile commerce”. The rapid penetration of mobile devices with Internet access has opened new avenues of ecommerce for retailers.

FCommerce

Fcommerce is an abbreviated form of "Facebook commerce." The great popularity of Facebook provides a captive audience to transact business.

Online Shopping – E-Commerce

Electronic Commerce is enabling the customer to have an increasing say in what products are made, how products are made and how services are delivered

Electronic Commerce help to improve the execution of business transaction over various networks.

E-Commerce has greater economic efficiency (lower cost) and more rapid exchange (high speed, accelerated, or real-time interaction) with the help of electronic commerce. It enables the execution of information-laden transactions between two ore more parties using inter connected networks

Electronic Commerce

Electronic Commerce has the Potential to increase revenue by creating new markets for old products, creating new information-based products, and establishing new service delivery channels to better serve and interact with customers

E-Commerce website overcome Geographical Limitations.

E-Commerce - Marketing Customers by email

E-Commerce Website – Locate the product quicker.

On an ecommerce website, customers can click through intuitive navigation or use a search box to immediately narrow down their product search. Some websites remember customer preferences and shopping lists to facilitate repeat purchase

Electronic Commerce incorporate transaction management, and it allows consumers making electronic payments and funds transfers.

NetConnectWebPhiladelphia Office

30 Village Center Drive, Suite 1

Flying Hills, PA 19067Tel (610)285-97927Fax (610)285-9791

Florida Office970 Lake Carillon Drive,

Suite 300St Petersburg, FL 33716

Tel (610) 285-9792 x 1003Fax (610) 285-9791