Benefits Of Ecommerce
E Commerce is one of the most important facets of the Internet to have emerged in the recent times. Ecommerce or electronic commerce involves carrying out business over the Internet with the assistance of computers, which are linked to each other forming a network. To be specific ecommerce would be buying and selling of goods and services and transfer of funds through digital communications.
Ecommerce allows people to carry out businesses without the barriers of time or distance. One can log on to the Internet at any point of time, be it day or night and purchase or sell anything one desires at a single click of the mouse.
The direct cost-of-sale for an order taken from a web site is lower than through traditional means (retail, paper based), as there is no human interaction during the on-line electronic purchase order process. Also, electronic selling virtually eliminates processing errors, as well as being faster and more convenient for the visitor.
Ecommerce is ideal for niche products. Customers for such products are usually few. But in the vast market place i.e. the Internet, even niche products could generate viable volumes.
Another important benefit of Ecommerce is that it is the cheapest means of doing business. The day-to-day pressures of the marketplace have played their part in reducing the opportunities for companies to invest in improving their competitive position. A mature market, increased competitions have all reduced the amount of money available to invest. If the selling price cannot be increased and the manufactured cost cannot be decreased then the difference can be in the way the business is carried out. Ecommerce has provided the solution by decimating the costs, which are incurred.
From the buyer’s perspective also ecommerce offers a lot of tangible advantages.
1.Reduction in buyer’s sorting out time.
2.Better buyer descisions
3.Less time is spent in resolving invoice and order discrepancies.
4.Increased opportunities for buying alternative products.
Limitations of e-Commerce (e-Business) - you should understand some of the limitations and be able to explain these to a potential client because not everyone is convinced the internet will be a major way to conduct business - example TV has been around for a long time - but only a small percentage of all companies advertize on TV !!
Technical Limitations
Costs of a technological solution .Some protocols are not standardized around the world so its effects the reliability for certain processes
Insufficient telecommunications bandwidth .The software tools are not fixed but constantly evolving (ie. Netscape 3,4,4.7,4.75 etc.) integrating digital and non-digital sales and production information access limitations of dial-up, cable, ISDN, wireless
some vendors require certain software to show features on their pages, which is not common in the standard browser used by the majority
Difficulty in integrating e-Commerce infrastructure with current organizational IT systems
Non-Technical Limitations .
1.Customer fear of personal information being used wrongly privacy issues
2.It affects the security and privacy and is cause vulnerability to fraud and other crimes
3.Users might have lack of trust afraid the information being unsecure
Subscribe to:
Post Comments (Atom)
6 comments:
The reason i post this comment for u that is u really state clearly about the benefits and limitations of e-commerce. It also let me knew that e-commerce bring some benefits to us but also have its limitation too.
Won't you wonder if somebody says he doesn't know what is a software company ? Am sure you will fall off from your chair. But believe me it is true. There still are people in third world countries who don’t know anything about Web Design, Ecommerce Solutions or internet. So those who are not really aware about these buzzing things, try to find out what is a tech-world of Internet.
Re: seo.media,
I was looking for extra information about limitations of electronic commerce, and thanks for the short but sweet blog. Yet, what shocked me that Seo.Media's comment., well you might be surprise too that I am doing my PHD in changing management and decision-making strategies and solutions "that I think you don’t know anything about ". My wed-design’s knowledge compares to a 14 years old kid is like your comparison, so does it make me a guy from the third world countries? Perhaps it does make me from a third world town where I belong in Australia. Back to the subject, these limitations can be diminished by increasing the general information and logic and decreasing the ignorance to people who are involve in ecommerce i.e. customer, merchant, IT personal.
cheers
Ben
Affiliate Marketing is a performance based sales technique used by companies to expand their reach into the internet at low costs. This commission based program allows affiliate marketers to place ads on their websites or other advertising efforts such as email distribution in exchange for payment of a small commission when a sale results.
www.onlineuniversalwork.com
Compared to owners, customers are more benefited by the ecommerce business as it can provide the best of customer satisfaction.
Web Shopping Cart
This blog have been helped me to know more things regarding e-commerce and their related issues. Thanks..
Funny blog site
Post a Comment