E-COMMERCE AND ITS IMPORTANCE

Object Required

Books on E-commerce,Dictionary,notebook,Laptop,Experience of daily activity.

Principle

The principle of e-commerce hosting can be broken down into two main elements; the site and the web hosting company. Web hosting companies provide servers that house storage space and aid in Internet connectivity. In the case of online businesses it is essential that the website receives optimum up time availability in order for potential consumers to be able to purchase goods or services from the webmasters website.

Theory

                             INTRODUCTION

E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business,business-to-consumer, consumer-to-consumer or consumer-to-business.

              KINDS OF E-COMMERCE

The major different kinds of e-commerce are: business-to-business (B 2 B);business-to-consumer (B 2 C); business-to-government (B 2 G); consumer-to-consumer (C 2 C); and mobile commerce (m-commerce). (B 2 B ) e-commerce is simply defined as e-commerce between companies.

A NEW FACE OF BUSINESS

E commerce business is the best available option for business aspirants to build a better business world and get success in the future than a traditional mode of business. For any business persons having an e commerce site is an added advantage which will boost up their business.

USER-FRIENDLY

Why do you prefer an ecommerce website for shopping? If we ask this question to a customer, his answer will be the word convenience. That is the point. One can have shopping, making choice and purchasing products from an ecommerce site by simply sitting home during their free time.

ROUND THE CLOCK SERVICE

It may be after work hours or even at midnight because the service is available round the clock. So they need not go to shopping malls or anywhere else for purchasing and it’s quite difficult for today’s busy persons. A wide majority of online users, about 80% prefer online shopping due to its accessibility and service. Moreover, they get product delivery at their footstep.

WIDE PLATFORM

Ecommerce brings a large group of customers across the nation or globe to your business. So it’s a wise choice to choose an ecommerce platform to reshape the face of your business rather than an actual business center or shopping mall. Truly, ecommerce set up your name and brand among the customers that enriches your business reach. If it is a local business, it’s a golden opportunity to increase the firms’ visibility among the target group.

BUSINESS PROMOTION THROUGH SOCIAL MEDIA

As it’s the age of social media, it pays a direct link to business promotions. Now customers are widely using the facebook and twitter to make worthy purchasing decisions. So promotion through social media is an active business tool in the present scenario. So on all these aspects ecommerce is crucial to your business development and it ultimately paves way for success.

1- Highly convenient,The most attractive feature of e-commerce,Customer can purchase products as per their requirement in a click at any time.

2- Wide exposure: Your business gets wide exposure through ecommerce website.

3- Easy to run: Managing ecommerce site is an easier task than running a business.

4- Global customers.

5- Social media presence.

Conclusion

E-commerce still represents one of the business methods that take advantage if done the right way, even if the stock market and commodities fell, but E-Commerce still able to survive and receive high transaction. E-commerce has a tremendous opportunity in the course of or business in Malaysia. In addition, it is also to introducing new techniques and styles in a transaction. Use the extensive E-Commerce in the Internet world is actually much better to bring the goodness of the individual or the state. E-Commerce has undeniably become an important part of our society. The successful companies of the future will be those that take E-Commerce seriously, dedicating sufficient resources to its development. E-Commerce is not an IT issue but a whole business undertaking. Companies that use it as a reason for completely re-designing their business processes are likely to reap the greatest benefits. Moreover, E-Commerce is a helpful technology that gives the consumer access to business and companies all over the world.

Published Date

31 Mar, 2018