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Thread: What is E-Commerce?

  1. #1
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    What is E-Commerce?

    Electronic Commerce or e-commerce is the trade of products and services by means of the Internet or other computer networks. E-commerce follows the same basic principles as traditional commerce that is, buyers and sellers come together to swap commodities for money. But rather than conducting business in the traditional way in shopping stores or through mail order catalogs and telephone operators ó in e-commerce buyers and sellers transact business over networked computers.

    E-commerce offers buyers maximum convenience. They can visit the web sites of multiple vendors round the clock a day to compare prices and make purchases, without having to leave their homes or offices from around the globe. In some cases, consumers can immediately obtain a product or service, such as an electronic book, a music file, or computer software, by downloading it over the Internet.

    Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail as well.
    E-commerce or electronic commerce is generally considered to be the sales aspect of e-business. Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers.

    For sellers, e-commerce offers a way to cut costs and expand their markets. They do not need to build, staff, or maintain a physical store or print and distribute mail order catalogs. Automated order tracking and billing systems cut additional labor costs, and if the product or service can be downloaded then e-commerce firms have no distribution costs involved. Because the products can be sold sell over the global Internet, sellers have the potential to market their products or services globally and are not limited by the physical location of a store. Internet technologies also permit sellers to track the interests and preferences of their customers with the customerís permission and then use this information to build an ongoing relationship with the customer by customizing products and services to meet the customerís needs.

    E-commerce however has some drawbacks. Consumers are hesitant to buy some products online. Online furniture businesses, for example, have failed for the most part because customers want to test the comfort of an expensive item such as a sofa before they purchase it. Many people also consider shopping a social experience. For instance, they may enjoy going to a store or a shopping mall with friends or family, an experience that they cannot duplicate online. Consumers also need to be reassured that credit card transactions are secure and that their privacy is respected.
    In the existence of these few disadvantages e-commerce has opened new horizons to versatile the modern age. It puts away time, energies, labor and money.

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  2. #2
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    Good page or post about E-Commerce. Thanks.

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    e-commerce can give your client or customer view your product or service 24/7.
    That is the main different compare with traditional method.


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    Infinityxcess Web Solutions

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    With the fast-paced lifestyle of people nowadays, e-commerce is the solution in buying things. No need to do the traditional shopping to purchase necessities and things.

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    if you need ecommerce website, you can PM me...
    im ecommerce web developer.. by using CMS Joomla..

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    RE: Ecommerce

    What's your opinion on Pay Pal as opposed to Clickbank?

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    Question Zeuscart - Free GPL E-commerce Solutions

    Anyone used this Zeuscart open source shopping cart software???

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    Hi,

    This post has given clear idea about Ecommerce.

    Thanks...

    __________________
    Magento eCommerce Development

  9. #9
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    Hello Friends.........

    The means by which people conduct business online - trading money for services. The process of taking money via credit card transactions, PayPal and other forms of payment - in exchange for a service or product sold via the internet, is E-Commerce.

    Thanks

    cheap windows hosting

  10. #10
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    Hello Friends.........

    The means by which people conduct business online - trading money for services. The process of taking money via credit card transactions, PayPal and other forms of payment - in exchange for a service or product sold via the internet, is E-Commerce.

    Thanks

    cheap windows hosting

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    e-commerce is a trend on this coming 5 years in malaysia.Every business should has one ...

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    E-Commerce facilitates in doing online trading over the net. It helps an Enterprise to increase its business growth. It is an online presence of your products and services with the intention to reach global market.

  13. #13
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    to simplified this, e-commerce is bringing your business online. Borderless, 24/7. Dun have to walk out your house to buy things

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