E-commerce and Other Weird Animals
At its most simplistic level; eCommerce is simply the purchasing and selling of products, services or info via the World Wide Web, e-mail or other pathways on the Internet. It is here to stay and will play a bigger role in our lives for many years ahead. E-commerce also Business are interchangeable terms. eCommerce can be broken down into the following areas:
- eTailing. These are generally "virtual" stores which act as a catalog of items of merchants and usually include a "shopping cart" system to make it possible for consumers to acquire online with the use of credit cards. Today's Internet environment determines that if you cannot purchase exactly what you see online while at the same time you are online; you will most likely lose the sale. The fantastic benefit of detailing is international protection at minimum cost and the ability to trade 24 hours a day with minimum staffing levels. The benefits to consumers are going shopping from home and a large variety of option. This variety of choice can often be a failure as it puzzles some consumers who in aggravation may offer upon purchasing the item at all!
- EDI (Electronic Data exchange). This is a business to the business (b2b) circulation of info between companies or within a business itself. The 90's saw the principle info equating to power. Whatever creates power likewise generates loan and therefore creates new enterprises to provide this details. EDI is being changed with XML. He with the most pertinent information on his disk drive wins!
- Email and faxing. Direct marketing through email. Unfortunately, it also develops the equivalent of what we discover in our physical mailboxes every day; spam - electronic junk mail is known as spam. Terabytes of spam are circulating around the Internet at any offered time, which decreases our global network. While this is among the unfavorable elements of eCommerce, direct marketing ploys, if brought out properly are an effective and acceptable way of creating earnings for a business.
- Security services. The broad exposure of (and sometimes hyped) threats of credit card and direct debit deals through the Internet has soared the development of many businesses who offer security services to protect customer & business transactions. This can consist of authorization/encryption technologies and create safe areas on web websites. This will be a growth location for if eCommerce is with us because you can guarantee that as quickly as a new "unhackable" technology is presented - somebody has hacked it. Some hackers view themselves as rebels, anti-establishment and "socialists"; however, in reality, they really sustain the security services market and supply big dividends for investors ineffective security services companies. Good one men ... you won't alter the world for the much better by sniffing around bank accounts!
- Statistics. Demographics and study results relating to Internet routines are a huge industry. Web organizers depend on information from these sources in preparing web websites and validating marketing and marketing expense.
- B2B (Business to Business). When I started in Computer Hardware sales some years ago, I invested a good deal of time and cash on nationwide and an international telephone call to find elements. In 2001, if getting in touch with a supplier meant needing to choose up a telephone; I would not bother doing business with them. The B2B world these days implies that wholesalers and sellers have a means of fast and efficient communications and deals; the Internet.
Costs Gates is reported to have stated something along the lines of: "In a couple of years, there will just be 2 kinds of services, those that are online also those that run out business." You may not buy anything online your own self, however, I'll ensure that many of the companies that provide you with items and services do - purposefully or not all of us have our role in this brave new world.