...The History of E-commerce - HowStuffWorks money.howstuffworks.com/history-e-commerce.htm * * he History of E-commerce by Dave Roos The purchasing process of the man has changed , he used to visit the store and slelct the product that he wanted to buy. He was helped by the salws assistant or a news paper advertisement , but the thing has chmged a lot. Mosern cuistomer has tha ability to purches his ware without stepping out of hisss house. E –commerce meands thwe process of selling and buy of goods and services over internet, According to certain statictics mopre than 66% of the adul populatuin have –purchsed at least ond product by employing this technology. The data of the 2008 has shown that there was 17% of online sales whichwas responsible fro $204 billion and the popular products were clothing , cars and personal compiters. This isnjust the start of the phenomena and e commerce is growing. It is the perfect time to get an idea of the history of this concept How E-commerce Started It has a short history but it is a very interesting one. In order to facilitate the e commerce tthre s hould be good interrelated connection between the customer and the merchant. The development of the computer and the networks have offered a great help top the business The first transactions were helped by computers in 1960/ They have used asystem calles electronic Data Exchange to conduct the business. The computers of a particular comoanynwasa ble to share business...
Words: 3932 - Pages: 16
...benefits and limitations of online transactions of products * To examine the online shopping sites prevalent in Coimbatore such as the mall.coimbatore which is an online shopping store and personal buying assistant in Coimbatore * To observe the future of the industry and recommend improvement ideas Need for selecting the ecommerce Industry India, one of the fastest growing economies presents a world of opportunities to entrepreneurs, investors, and researchers with an interest in the global economy. India’s e-Commerce industry is on the growth curve and experiencing a spurt in growth. With this increased interest comes a surge in demand for facts, trends and indicators. Highly concentrated urban areas with very high literacy rates, a vast rural population with fast increasing literacy rate, a rapidly growing internet user base, technology advancement and adoption and such other factors make India a dream destination for ecommerce players. E-commerce combines web technology with business economics. As of the last 10 years, online visibility for such online enterprises now heavily rely on the relationship between the own online sales platform and Search Engines for improved traffic consisting of presumable customers with the intent of acquiring products or services related to the customers’ needs. In 2008 an Internet behavioural analysis showed that over 90% percent of internet users make use of search engines at least once a week, stating that online visibility through the...
Words: 6470 - Pages: 26
...University, Keller graduate school of management. June 2013 Table of Contents Abstract Company Background Discussion of Business problem High Level Solution Approach Business and Technical Approach Benefits of Solving the Problem Conclusion and Recommendations References THE EMERGENCE OF TECHNOLOGY AND ITS ADVANTAGE TO BEST BUY COMPANY INC Abstract Many companies have been struggling recently due to the shift and the constant increase of online marketing and sales. The internet has created an entire new market. This has posed serious problems to Best Buy company Inc., as it profit and revenue seems to be on the down turn .In 2013 fiscal second quarter, Domestic comparable stores sales saw a 1.6 percent decline which is an improvement as compared to the first fiscal quarter of 3.7 percent decline. The business problem to be solved in this paper is to improve Best Buy E-commerce strategy aim at putting Best Buy on the same page with its major competitors like Sears, Wal-Mart and amazon which is a fully E-business firm. This business problem can be solved by improving their E-commerce system to...
Words: 2940 - Pages: 12
...Types of Electronic Commerce Paul Hartness June 18, 2012 University of Phoenix BIS 220 Keyaan Williams Business to consumer ecommerce is the practice of a large number of buyers purchasing goods or services from a small number of sellers. It is considered to be the second largest division of ecommerce. It is probably the first thing that comes to mind when thinking about ecommerce. There are many different facets of business to consumer ecommerce. First, there is the most obvious: electronic storefronts and malls. These are businesses such as Amazon, Dell, and Walmart.com. Consumers can purchase the same products that the company would have in a store, but without actually having to visit the store. Electronic malls, such as shopping.yahoo.com, allow you to purchase products from different stores, but combine them into one purchase (Ranier 2011). Online service industries are also categorized under business to consumer ecommerce. These services range from online banking to securities trading and from online job search services to travel services. Business to consumer ecommerce is a very complex operation. It entails everything in the buying process beginning with advertising the product and making sure it is seen and known to the target audience, then to ensuring the products are easily and conveniently listed and accessible, as to not confuse the buyer and lead them away from the purchase, then to accepting payment and arranging the shipping process to the buyer. The...
Words: 887 - Pages: 4
...person. In recent years, the number of consumers purchasing items online as taken a heavy rise, it is without a doubt, one of the fastest growing industries. Online shopping has been a booming trend, particularly in the United States, “Americans spent more than $200 billion on online shopping in 2011 and are expected to shell out $327 billion on Internet stores by 2016”. (Indivik, 2013) Internet marketing has a direct effect the billions of dollars that online websites makes. The more advertisements you have on the World Wide Web, the more people are going to stop and visit for sight and probably make a purchase. Since Electronic commerce is a huge thing in recent years, companies have been working to make your online shopping experience better and there are a couple of emerging trends geared towards the improvements of e- commerce and internet marking. Note Adapted from Forrester: U.S. Online Retail Sales to Hit $370 Billion by 2017,” by Lauren Indvik, 2013. One of the trends that probably anybody can predict in the future is using mobile and android apps for transactions. With mobile technology getting more advance year by year and the climbing number of people who can’t stay off their phones, I would have say, and this is something I actually expect. With the amount of mobile devices outnumbering the amount of desktops, they is going to cause more people to use a mobile device to purchase something online instead of using a desktop. Since the number of consumers who will...
Words: 1857 - Pages: 8
... Evolution of E-Commerce E-commerce has evolved from online billboards to a fully functional, personalized shopping experience over the past decade. While there were admittedly a few bumps along the road, the path from 1994 through the 2004 holiday shopping season is full of crucial milestones of Internet pioneers and technology innovators. A stroll down memory lane reminds us of terms like "stickiness," "eyeballs" and "personalization" that once captured the essence of articles about what it takes to be successful on the Web. However, even as we look back at 10 years of growth, many analysts have one eye on the future and they are saying, "We've got a long way to go." A quick glimpse at the data promises much more evolution in the years to come. Forrester Research, for example, predicted American firms alone would sell US$316 billion in goods and services via the Web by 2010. That figure would more than double 2004's online spending to account for some 12 percent of all retail sales, up from about 7 percent today. History of E-Commerce One of the most popular activities on the Web is shopping. It has much allure in it — you can shop at your leisure, anytime, and in your pajamas. Literally anyone can have their pages built to display their specific goods and services. History of ecommerce dates back to the invention of the very old notion of "sell and buy", electricity, cables, computers,...
Words: 2231 - Pages: 9
...Special thanks go to my friend Thiwangi Wijesuriya, who help me to assemble the information and gave suggestions to do the assignment tasks. Lastly, I thank almighty, my parents and friends for their constant encouragement without which this assignment would not be possible. I am making this project not only for marks but to also increase my knowledge. Executive Summary Today e-commerce became a major part in the business world. It remains a relatively changing area of business management and information technology. Nowadays modern organizations are seeking for the methods to expand their business, so ecommerce became one of the solutions for that. With the use of e-commerce, organizations easily can achieve their goals. Therefore in this project we first considering about the global influence of e-commerce. And understand the positive and negative effects of ecommerce on society. Akbar brother’s (pvt) Ltd is a large tea manufacturing and exporting company in Sri Lanka. We selected the Akbar brother’s (pvt) Ltd as our organization because it does not have an e-commerce website provided. First we accessed their core and supportive business functions by studying them. We identified their core business and eight supportive businesses. Then we identified and evaluate their short term and long term business aims and the stake holders...
Words: 7864 - Pages: 32
...How to Promote an E-commerce Website by Melissa King, Demand Media http://smallbusiness.chron.com/promote-ecommerce-website-43557.html Nowadays, advertising in product and service is Internet access and a website. An e-commerce website makes it easy for customers around the world to shop at the virtual store. If you don't promote your e-commerce website, though, customers won't be able to find it. There are many ways to get people to visit online shop; Traditional Methods Adding website address to all written materials (business cards, letterhead, brochures, literature, publications, products, etc.) and always put website address in any media advertisements such as Magazines, Newspapers, TV and Radio. Also, word of mouth from friends and existing customers is very powerful. Online Methods Applying Search Engine Optimization (SEO) to your e-commerce website. This technique makes it easier for search engines, such as Google and Bing, to find your website. Sprinkle relevant keywords throughout your website to attract search engines. For example, if you sell second-hand clothing, use keywords and phrases like "online thrift store" and "buy used clothes." Don't overuse Flash or Javascript. Search engines have difficulty "seeing" this type of content. Start and maintain a blog that relates to your e-commerce website. For instance, if you sell DVDs on your website, write articles about new movie releases on your blog. Link the blog and the e-commerce website together. If a reader...
Words: 7156 - Pages: 29
...LECTURER: MR DENHERE ASSIGNMENT 1 E-commerce is a commercial activity dealing directly with the trading of goods and services and with other related business activities, in which the electronic communication medium plays a central role. The activities include the communication of information, management of payments, the negotiation and trading of products online. E-commerce is a part of e-business and its goal is to generate profits with a various sets of business through buying and selling principles. There are quite a number of ecommerce strategies that can be used in the banking industry. My focus is going to be on the implementation of an ecommerce strategy by BancABC. My aim is to come up with a holistic e-commerce strategy for the organisation. An e-commerce strategy, in its most simplistic form, consists of three steps which are: determining where the organisation is which is the situation review where it wants to go which is goal setting or the banks ecommerce vision The best way of moving from the one to the other this is referred to as the strategy formulation. For an ecommerce strategy to be successful the first major aspect is to have senior management comprehensively understanding what it means to be an e-commerce enabled organisation. Introduction of e-commerce usually comes with major changes which must be carefully planned and coordinated to avoid chaos and confusion. . The main problem with many failed e-commerce initiatives is...
Words: 3315 - Pages: 14
...speed of service delivery. This paper introduces about the Use of ecommerce, its growth, opportunities and challenges in India and particularly for the development of small and medium size enterprises. banking, ticketing (including airlines, bus, railways), bill payments, hotel booking etc. have been of tremendous benefit for the customers. The process of innovation, growth of online marketplaces and technological developments are spurring e-Commerce by improving the interface between buyers and sellers and bringing them closer. There are lots of advantages offered by ecommerce to business which allows companies to: Introduction The cutting edge for business today is ecommerce. Most people think e-commerce means online shopping, but web shopping is only a small part of the picture. The term also refers to online stock, bond transactions, electronic trading of goods and services, online delivery of digital content, electronic fund transfers, electronic share trading, electronic bills of lading, commercial auctions, Online sourcing, public procurement, direct consumer marketing, and after-sales service, buying and downloading software without ever going to a store. E-commerce provides multiple benefits to the consumers in form of availability of goods at lower cost, wider choice and saves time. People can buy goods with a click of mouse button without moving out of their house or office. Similarly online services such as...
Words: 298 - Pages: 2
...The coined term B2C or business to consumer describes a form of business where a company sells products to consumers. An example of a B2C in tangible terms would be walking into Wal-Mart and buying something. An example of a B2C eCommerce would be going to Wal-Mart’s website and making a purchase. B2C eCommerce can be any business selling a product, service or information to consumers online. B2C in eCommerce is basically electronic retailing or shopping electronically. B2C’s can be anything from vacations, cruises, airline tickets, games, books, clothes etc. The coined term B2B or business to business describes a form of business when one company buys from or sells to another. An example of a B2B in tangible terms would be a copy machine salesman going door to door to business’s trying to sell copy machines to offices. An example of a B2B eCommerce site would be a copy machine website serving the copy machine needs of offices all over the world. B2B eCommerce is more than just buying or selling however, many B2B sites now outsource their supply chain as well. B2B’s include processes that either enable or improve relationships between individual firms or multiple companies. B2B’s can include design, engineering, supply, delivery, accounts payable, accounts receivable, product search, electronic payments and managing logistics. There are many differences in B2B and B2C sites, in which I will try to outline and define through the course of this paper...
Words: 901 - Pages: 4
...on all the macroeconomic sectors. It is redefining business processes and consumer expectations. The internet backbone of e-commerce is connecting every vendor in the world to every buyer across the globe. Advent of mobile devices has made the whole process even more interesting. E-commerce has done really well in its own right during the course of its conception as an industry. The growth rate have been continually rising against traditional shopping every year. Although the Great Recession has impacted the retail industry as a whole, the ratio of e-commerce sales are still strong and increasing. There are some clear dominance for certain goods that are purchased only through the internet. However, the proportion of shoppers purchasing online and shoppers through brick and mortars are still low. While it seems that e-commerce is taking over traditional sales, it is not even close to full domination of the retail industry. E-commerce has had significant impact on financial markets. Revenue growth of this sector is higher than that of the economy. Contribution of e-commerce to the GDP is increasing at a substantial rate. This fast growing industry has low entry barriers and is highly dependent on technological advancements. Efficiency and cost of performance are rapidly changing in favor of the industry with the growth in the technology sector. With changing regulations, money market policies supporting more investments, increase in consumer confidence and slow return of economy...
Words: 2827 - Pages: 12
...University Venture Fund Needle.com Jaren Rogers Basic Company Description Needle.com was founded by Morgan Lynch on November 1st, 2009. It is an online company that licenses its chat software to ecommerce companies. The company then hires experts of a certain product that work as independent contractors with the flexibly of working from anywhere with flexible work hours. These experts chat to customers online when the customer has visited a website that uses Needle’s chat software. Gamification is used as a tool to give the experts who chat to customer’s incentive to do well and be compensated. Business Model Needle licenses its proprietary chat software to online retail companies. This licensing agreement drives the revenue for the company. The company hires independent contractors to assist in giving knowledge about the products that Needle licenses to. The large expenses that Needle demands are for research and development, salaries for independent contractors, overhead and sales force. Product A customer visits a company that is partnered with Needle and starts browsing for a product. On the site there is button that says something along the lines of “Talk to an Expert Now”. Once the customer clicks the button, a screen pop comes up, the customer is asked to type in their name, and a friendly “Hello, How are you today?” comes up from a Needle product aficionado 1099 employee. The company is constantly innovating and is currently experimenting with...
Words: 3524 - Pages: 15
...Department of Mathematics, Bhilai Institute of Technology (BIT), Durg, (C.G), INDIA dgangeshwar@yahoo.co.in Abstract This paper deals the conceptual knowledge of search engine marketing (SEM) or ecommerce, literature review, current and future aspects of e-commerce in Indian context. This paper discussed about the top motivator factors of shopping online. The present development would be a valuable addition to researcher and academicians; and useful theory for practitioners, advertisers, and entrepreneurs. Keywords: SEM, Online Marketing or E-commerce, Pay-per-click (PPC) 1. Introduction Khan and Mahapatra (2009) remarked that technology plays a vital role in improving the quality of services provided by the business units. One of the technologies which really brought information revolution in the society is Internet Technology and is rightly regarded as the third wave of revolution after agricultural and industrial revolution. The cutting edge for business today is e-Commerce. The effects of e-commerce are already appearing in all areas of business, from customer service to new product design. It facilitates new types of information based business processes for reaching and interacting with customers like online advertising and marketing, online order taking and online customer service etc. It can also reduce cost in managing orders and interacting with a wide range of suppliers and trading partners, areas that typically add significant overheads to the cost...
Words: 4127 - Pages: 17
...IS535 TOPIC: IMPLEMENTING STRATEGIC E COMMERCE IN CONWAY STORES INC, E commerce is the online business buying and selling products and services, or even transferring funds through the web. It requires high internet connection. According to Education Center “Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, which involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge. Ecommerce allows consumers to electronically exchange goods and services with no barriers of time or distance. Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. In the near future the boundaries between "conventional" and "electronic" commerce will become increasingly blurred as more and more businesses move sections of their operations onto the Internet” There are different types of ecommerce, business to business B2B, consumer to business C2B, consumer to consumer C2C, business to consumer B2Cand so one.. Nowadays it is very necessary for a company or even a small business to have online store because it could attract more customers (far away or foreigners) which means more money and profits. And also with the e commerce...
Words: 2119 - Pages: 9
