Wednesday, September 25, 2019

What is e-commerce business, what type of the e-commerce, benefits of e-commerce business-

What is e-commerce business, what type of e-commerce, benefits of the e-commerce business?

What is e-commerce business
What is e-commerce

What is E-commerce business:

E-commerce or electronic commerce is the business that takes place using the Internet. E-commerce (e-business) is a modern business method. All online business activities are conducted with the help of online. Using the internet, the customer can order the product through the website as soon as he/she can see the quality, price of any product. Credit cards and debit cards are used in e-commerce transactions. Depending on the nature of the two sides of the transaction, e-commerce can be divided into four categories:
  •  Business to Consumer (Business to Consumer: B2C);
  • Business to Business (Business to Business: B2B);
  • Consumer to Business (Consumer to Business: C2B);
  • Consumer to consumer (Consumer to Consumer: C2C);
E-commerce Business to Consumer (B2C): In this way, when a consumer purchases a product directly from a business organization or producer, it is known as consumer or B2C from the business. Using internet technology, one can book a hotel in advance which is covered by this transaction. Example:

E-commerce Business to Business (B2B): In this case, business is done in multiple business organizations. In this case, two trading companies sell wholesale between them. That is, the business that performs before selling the product to the consumer is, therefore, business to business e-commerce. Example: is one such website.

E-commerce Consumer to Business (C2B): Consumer to business e-commerce (E-commerce) is known as C2B. E-commerce in which merchants receive goods directly from consumers is called C2B. Example: is one such website.

E-commerce Consumer to consumer (C2C): In this case, the business is performed by the consumer themselves, known as C2C. There is no business middleman in this case. A consumer product is purchased directly by another consumer. If a farmer sells car products directly to the consumer then it can be called C2C. Example: is a site where a buyer sells his or her product to another buyer.

Features of e-commerce:

E-commerce technology is based on seven characteristics, the following are:
  1. Ubiquity;
  2. Global Reach;
  3. International Standards;
  4. Richness;
  5. Interaction;
  6. Information Density;
  7. Personalization;
  • Ubiquity: A traditional business market is a specific place where goods are sold and sold. But e-commerce (e-commerce) does not require a specific place, it is ubiquitous, it is always available to everyone. It can be sold anywhere on the mobile or laptop or any other device with an internet connection. E-commerce (e-commerce) is not regulated by a specific boundary.
  • Global Reach: In e-commerce, there is no specific line or a place like a traditional business. Anyone in the world can connect with this business, buy or sell products and order using the Internet. In fact, as many people all over the world use the Internet, they can be considered as the e-commerce market
  • Universal Standards: E-commerce adheres to a specific technical standard, it is called international standard. Which is recognized by all nations in all countries. On the contrary, the standard of traditional commerce varies from region to region or country.
  • Richness: Product advertising is an important part of the business. With the help of the internet, web site advertising of a product through the use of stills, videos, animations.
  • Interaction: E-commerce technology in interaction technology. Because it protects two-way communication. On the other hand, advanced technology; For example, only one-way communication is possible with television. But in e-commerce technology it is possible.
  • Information Density: Increases the amount of internet or web information. All of this information is available to the buyer, seller or visitor. E-commerce technology reduces the cost of collecting, storing, communicating and processing information. At the same time, these inflows are accurate and timely at international sheet prices. As a result, these data are more acceptable and more qualitative.
  • Personalization: E-commerce technology can make a difference. That is, a vendor can keep his or her product open to a particular person or group at any time. Alternatively, a seller can avoid it if they want to. As a result, the volume of information and the number of unnecessary buyers or sellers can be easily controlled here.

Benefits of e-commerce:

  1. E-commerce (e-commerce) helps an organization to publish in national and international markets.
  2. Fast buy/sell system, easy to find products.
  3. Reduces costs in conducting business.
  4. Beyond geographical constraints, it is easy to reach the buyer.
  5. Financial transaction costs are reduced.
  6. The various costs of processing e-commerce information; For example, making, distributing, storing, etc. greatly reduces the cost of activities.
  7. Easy communication can be made between the buyer and the seller.
  8. E-commerce (e-commerce) has reduced business costs as well as reduced purchasing costs for buyers and stimulated buying speeds.
  9. E-commerce (e-commerce) is saving working time for shopping and trading.
  10. E-commerce reaches consumer goods very quickly.
  11. E-commerce (e-commerce) allows the customer to provide enhanced services.
  12. E-commerce business organizations can easily find out about each other's business practices, services, and pricing through the website. As a result, competition between businesses increases.
  13. E-commerce is creating new job opportunities in the market; For example, multimedia developers, database designers, programmers, etc. are creating many job opportunities.
  14. E-commerce (e-commerce) offers short-term market validation and instant order delivery.

Disadvantages of e-commerce:

  1. Lack of skilled manpower.
  2. Applying advanced technology is expensive.
  3. Remote order field specifications are expensive.
  4. If there is an order, there will be a supply problem.
  5. The security of financial transactions is lacking.
  6. Buyers or sellers cannot rely on e-commerce activities for many months.
  7. For both legislators and law enforcement, the making and enforcement of laws is a very complex and difficult matter.
  8. In many cases the initial costs for e-commerce are high and due to lack of experience it is too late to get goods and services.

Things to do to enable e-commerce

Directly involved in e-commerce technology. The potential of this country is very high. The advantage of e-commerce is that it takes less capital. Willpower, creativity and hard work are the biggest assets of the e-commerce business. Many mediums are needed to manage this business. Traders, retailers, service providers, banks, policy makers, third payment processors and, above all, consumers or consumers are considered the medium of e-commerce. E-commerce is conducting financial transaction activities by bringing these mediums to a platform. Groundwork is very important for running this business. First, a business management plan with the business model should be formulated.

Strategic things to include in the e-commerce business plan:

  1. Website creation.
  2. Search engine optimization (SEO).
  3. Product or content marketing.
  4. Branding of e-commerce organizations.
  5. Receiving media support.
  6. Advertising.
  7. The ability to take pictures and audio-video and upload them.
  8. Ability to write about the product and create interesting titles
  9. Research or survey to determine the demand for a product or content
  10. Banks and mobile banking facilities as payment gateways.
  11. Transportation of goods.
  12. Automobile connectivity with the consumer.

law: This entire article has been collected from the book of information and communication technology (eleventh and twelfth grade) by Md Abdul Mannan Mondal.]

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