The internet facilitates open and easy communication across the globe, and has made e-commerce possible. 3. Consumer to Consumer (C2C) – It facilitates the online transaction of goods or services between two people. Though there is no visible intermediary involved however the parties cannot perform the transactions with out the platform which is provided by the online market maker equivalent to eBay.
However, people with conventional business experience can succeed online with their knowledge as well – there may be a slight learning curve, however issues similar to niche, marketing crowd, etc. Can be beneficial to anyone with any conventional business experience. Time consuming- E-commerce model include an array of operations like provide chain, logistics, payment gateways etc. To manage all these operations e-commerce industry has to deal with this intermediates everyday. This consumes a variety of time to complete the whole process.
This refers to any type of electronic transactions of merchandise or services that take place between two companies. The fact is, no other technology in history has shifted the odds in favor of small business more than e-commerce. The small guys are not outgunned anymore. The Internet provides tremendous leverage and reach for small to mid-sized companies.
There is lot of potential in Ecommerce. It is the most in expensive method of doing business but it need well planned strategy and patience. It takes years to get your position on the internet and begin getting real customers. Some start-up E-Commerce websites seem to believe that their merchandise will sell like loopy, and the people will come if they build it.
When one goes out to the supermarket or store to purchase an item, many other costs are actually shouldered aside from the value of the item. First among them is the price of travel from the home to the store. Another cost would be time lost for opportunities to earn more. If one engages the services of e-commerce, then these costs are definitely avoided thus making for savings for the individual.
eCommerce is global! Where else do you get retailers in Australia competing with small businesses in America and people in Japan all in the same industry and over the same merchandise and services. And the way else could the average person expect to be able to get access to goods and services from anywhere other than their immediate locality if not for eCommerce! It’s the wonder of the modern age and a blessing for businesses and consumers the world over.
5. m-Commerce – It refers to the use of mobile devices for conducting the transactions. The mobile device holders can contact each other and may conduct the business. Even the web design and development companies optimize the websites to be viewed correctly on mobile devices.