E Commerce is the use of the internet for the shopping for and selling of goods and services. The problem with eCommerce is, though in final five years many changes, some are drastic, have taken place in philosophy, ideology and technology related to the Web, very few things have changed in eCommerce sites. Now, all of it started to change! Even successful eCommerce sites are experimenting with new ideas born from Web 2.0 concept. The result is visible! A recent survey reveals adoption of new interactive functionalities, innovative product catalog and better communication with users have increased online sales for 83 percent of respondents.
three. Consumer to Consumer (C2C) – It facilitates the online transaction of goods or services between two people. Though there is no visible intermediary involved but the parties can’t perform the transactions with out the platform which is provided by the online market maker akin to eBay.
In all probability the most tough 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 differ in terms of how they handle e-commerce and these varied technologies should be merged into one system. Data Technology (IT) people must be involved in every step of an internationalization process.
This refers to any type of electronic transactions of products or services that take place between the seller and the customer. By far, it is a very common type of E-Commerce. The consumer-to-consumer model permits two private actors to make a cut price. As a rule transactions here are realized by online auctions.
The second issue has robust ramifications regarding the ultimate success of E-commerce. Currently, many customers are most comfortable when they purchase merchandise at retail stores. Some are also comfortable shopping for by means of catalogs. It’ll take time to change these habits, especially the preference for retail shopping.
Once the customer base is built, the sale volume will automatically take over. If the customer base is destroyed, then the effects will be lengthy term. A not so satisfied customer will always be spreading the negative ideas. We people have a tendency to listen and to be worried about negative things. It will lead potential customers to turn away from the service providers.
In conducting my research, I have researched extensively on the Internet for resources. I chose the Internet as my major research medium because e-commerce continues to be a reasonably new technology. Since it is technology related, the Internet will provide the most recent data available. Printed publications will not 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 firms that I researched are Forrester Research and Jupiter Communication. Each corporations provided valuable statistical information that shows the rise of consumers shopping on-line and the predicted greenback amount that can be spent in the coming years.