E-Commerce: A Revolution in the Way We Do Business
description
Transcript of E-Commerce: A Revolution in the Way We Do Business
![Page 1: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/1.jpg)
E-Commerce: A Revolution in the Way We Do Business
![Page 2: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/2.jpg)
There is no finish line…
– Nike Corporate Motto
![Page 3: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/3.jpg)
Financial business transaction that occurs over an electronic network
Sometimes callede-business
What is electronic commerce (e-commerce)?
![Page 4: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/4.jpg)
M-commerceE-commerce that takes place using
mobile devices
How are e-commerce transactions conducted? Primarily through desktop
computers Wirelessly using handheld Web-
enabled devices
![Page 5: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/5.jpg)
What is a bricks-and-mortar business? Company with a
physical location, such as Wal-Mart or Kmart
![Page 6: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/6.jpg)
What is a clicks-and-mortar business? Company with a bricks-and-mortar
location as well as an online presence Some companies
have onlinepresence without physical locations• E*Trade and
Amazon.com
![Page 7: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/7.jpg)
What is an electronic storefront? Web site
where e-retailer displays its products
Shopping cart allows customer to collect purchases
Also called online catalog
add to cart
![Page 8: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/8.jpg)
What is a shopping bot? Web site that
searches for the best price on a specific product
Also called a shopbot
![Page 9: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/9.jpg)
What is business-to-consumer (B-to-C or B2C) e-commerce?
Sale of products or services from a business to the general public
![Page 10: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/10.jpg)
What is consumer-to-consumer (C-to-C or C2C) e-commerce? Individuals
using Internet to sell products to other individuals• Online
auction, such as eBay
![Page 11: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/11.jpg)
What is business-to-business (B-to-B or B2B) e-commerce?
Sale and exchange of products and service between businesses
Many businesses engage in both B2B and B2C Supply chain creates and distributes products
![Page 12: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/12.jpg)
E-Commerce Stats
![Page 13: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/13.jpg)
What is business-to-employee (B-to-E or B2E) e-commerce?
Sale and exchange of products and service between a business and its employees
Usually through an intranet
![Page 14: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/14.jpg)
What are some advantages of e-commerce?• Global market 24/7• Businesses have access to 459 million people with Internet
access• Lower operating costs• Customers can conduct price comparisons easily• Feedback can be immediate• Changing information can be available quickly• FAQ (frequently asked questions) pages can provide easy
access to customer support• Ability to gather customer information, analyze it, and react• New and traditional approaches to generating revenue• Manufacturers can buy and sell directly, avoiding the cost of
the middleman• Distribution costs for information reduced or eliminated• Options to create a paperless environment
![Page 15: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/15.jpg)
Revenue Streams Sales Subscriptions Banner ads Pop ups Web searches• Paid listings• Paid inclusion• Search engine
optimization
http://www.zetetic.com/domain-name-sales.html
![Page 16: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/16.jpg)
16
Building Traffic The 3Cs Approach• Content, community, and commerce
Keywords and Search Engines• Choose name and product names that best
describe business purpose and features• Select descriptive domain names• Business-related keywords can be listed in
the HTML meta tag
![Page 17: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/17.jpg)
17
Building Traffic (continued) Marketing• Online advertising methods include
banner ads, pop-up ads, and e-mail
• Offline advertising methods include magazines, newspapers, radio, and television
![Page 18: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/18.jpg)
18
Electronic Payment Systems Electronic cash (e-cash or digital cash) • Provides a private and secure method of
transferring funds • PayPal
– Best-known e-cash provider E-cash benefits• Privacy - hides account information from vendors• Convenient if seller cannot process a credit card
Smartcards• Credit cards with embedded microchips
![Page 19: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/19.jpg)
Ecommerce Spending Trends At the end of 2008, worldwide e-commerce
is expected to exceed $470 brillion. By 2010:
- 71% of US consumers will use the Internet to shop
- 50% of ALL retail sales will be influenced by the Internet
![Page 20: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/20.jpg)
Consumer Concerns A recent poll of Americans Found that• 13% had no fears about E-Commerce• 53% had concerns of privacy and security• 20% cited the inability to inspect products
closely over the Internet• 3% do not like to wait for delivery
![Page 21: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/21.jpg)
Limitations Bandwidth or data capacity Comfort Factor Security Privacy
![Page 22: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/22.jpg)
What factors lead to customer loyalty? Best storefronts are
efficient and easy to use
Customers who must wait more than eight seconds for a page to download usually will click to another site
![Page 23: E-Commerce: A Revolution in the Way We Do Business](https://reader036.fdocuments.net/reader036/viewer/2022062502/56814ef8550346895dbc8aa3/html5/thumbnails/23.jpg)
Fun thought…
People are more violently opposed to fur than leather because it's safer to harass rich women than motorcycle gangs.