Some field experts would consider all business deals and activities that are being conducted using modern Telecommunication and Info Technology methods as E-commerce. Many people are shifting toward online shopping more than the bodily one because it is more convenient, and the prices are often cheaper too, even with transport cost. Another plus level is most online stores will even offer free delivery for purchases exceeding a certain amount.
On technical grounds, we can consider M-commerce as a part of E-commerce marketplace as it gives authority to the user to do transactions using his mobile phone. The best example is companies involved in outsourcing businesses make use of custom software development and phone the client by way of B2B E-commerce. The more widespread B2B examples and best practice models are IBM, Hewlett Packard (HP), Cisco and Dell. Cisco, for instance, receives over 90% of its product orders over the Internet.
Should you are working a store, it can be bounded to the geographical region for which you can provide service, but on the other hand with an E-Commerce website, you possibly can sell your goods and services globally. Moreover, the remaining limitation of geography has dissolved by m-commerce that’s often known as mobile commerce.
The other forms of ecommerce are the G2G (Government-to-Government), G2E (Government-to-Employee), G2B (Government-to-Business), B2G (Business-to Government), G2C (Government-to-Citizen), C2G (Citizen-to-Government). These transactions involves primarily with the government, from procurement to filing taxes to business registration to renewing license. There are still plenty of other categories that exist however then they tend to be superfluous.
In all probability the most troublesome challenge companies face in the international market is the technical side of the e-commerce site. Software compatibility is a major technical issue that has not yet been resolved. Countries range in terms of how they handle e-commerce and these various technologies must be merged into one system. Info Technology (IT) people must be involved in every step of an internationalization process.
It is a business model adopted by merchants that have bodily retail outlets and run their business in both online and offline methods. In other phrases, the merchants provide their customers each and offline and an online channel to shop. With its prominence, it could certainly do good for a business to begin expanding market through the internet. However, e-commerce can do as much good as unhealthy. Skills for online business transactions are additionally needed for it to be a success.
In conducting my research, I have researched extensively on the Internet for resources. I chose the Internet as my main research medium because e-commerce remains to be a fairly new technology. Since it’s technology related, the Internet will provide the most recent information available. Printed publications won’t be able to adapt to changes as quick and efficient as electronic publications. I researched many e-commerce related web sites along with some companies that conduct statistical studies. Some of the e-commerce web sites that I looked into are E-Commerce Times, eRetail, and eMarketer. The statistical research corporations that I researched are Forrester Research and Jupiter Communication. Both companies provided valuable statistical data that reveals the rise of consumers shopping on-line and the predicted greenback amount that will be spent in the coming years.