The web is revolutionising the way we conduct
business today. Businesses are using the web as
a powerful new tool to reach customers and offer
their products and services. Much is being said
about e-Commerce and a typical definition used
for e-Commerce is as follows -
"e-Commerce
- The buying and selling of products and services
by businesses and consumers over the Internet."
We
at Limelight Global, eWeb take a much more
pragmatic view, arguing that e-Commerce is much
more than selling from a website however we use
the term broadly here to describe how a business
presents information and offers goods and services
to its customers through a website.
If you want to sell goods and services over the
web, you will be engaged in e-Commerce.
Benefits
of E-Commerce/Online Store: |
No
single force has transformed the way we do business
more than the growth of the Internet over the
past few years. The Internet has become a part
of everyday life, accessible from almost anywhere
on the planet.
New
ways of developing business and conducting
transactions are emerging, as entrepreneurs
are able to start new businesses more easily,
with smaller up-front investment requirements.
The growth of electronic commerce is being
driven by lower purchasing costs, reductions
in inventories, lower cycle times, more efficient
and effective customer service, lower sales
and marketing costs as well as new sales opportunities.
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Specific
Benefits of E-Commerce:
-
Electronic
marketplace presence
-
Improved
competitiveness
-
Improved
quality of service
-
Customer
involvement in product and service innovation
-
Improved
market intelligence and strategic planning
-
Personalized
products & services
-
Reduced
delivery costs - especially for products
that can be delivered electronically
-
Shorten
or eradicate supply chains
-
New
business opportunities
(Source:
European Initiative on Electronic Commerce)
Your
e-Commerce approach can be as simple as offering
simple information about your business to posting
a product image or list of products with an email
address for sales inquiries next to it, or it
can be as complex as a fully integrated online
catalogue that allows customers to place orders
and process real time credit card transactions
through a secure order form on your website.
There
are a variety of e-Commerce approaches to suit
every business need.
Several
terms are used to describe developments in the
world of electronic trading and their use often
causes confusion.
Terms
in E-Commerce: |
- eCommerce
- one of the first terms to be used as
a generic title for all electronic trading
activities. For some it is synonymous with
selling from a web site, but the broader definition
is more applicable to most business.
- eBusiness
- widely applied to business-to-business
interactions using the Internet and other
solutions, but also used by companies such
as IBM as a generic title for all electronic
trading activities.
- mBusiness
- an emerging term which applies to the
use of mobile communications and their interaction
with the Internet.
There
is considerable hype about e-Commerce that would
lead many small to medium businesses to believe
they are lagging behind if they are not part
of the new trading revolution. This is all not
that true. For different businesses the right
time to be in e-Commerce is different.
Types
of E-Commerce: |
Much
of the hype relates to success stories on Internet
selling but other types of e-Commerce relationships
exist which can bring their own benefits:
-
Business-to-Consumer
(B2C). Where much of the initial success
was generated as companies sold selected
consumer products to an Internet-literate
audience, willing to buy on-line.
-
Business-to-
Business (B2B). Interaction between
businesses either in an established supply
chain, or with new trading partners.
-
Business-to-Administration
(B2A). A third category of e-Commerce
in which the business community interacts
electronically with public sector organisations.
Submission of planning applications, VAT
returns, income tax, or patent registration,
all come within this category and B2A applications
(also known as eGovernment) have the potential
to bring even more companies into the world
of electronic trading.
Make
a Decision: |
-
What are your current needs? What are your future
needs?
- How
much money and time are you willing to allocate
to get your store online?
- Do
you want to launch an online store right away,
or is the store something you can add in the
future? Go either way and you will find us with
you.
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