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Electronic Commerce Business

July 15, 2016 Uncategorized 1 Comment

 

eCommerce

Electronic Commerce or E-commerce is a type of business and  commercial transaction conducted across internet.It is currently one of the most important aspects of the Internet to emerge.

Electronic commerce operates in four of the business model

  • Business to business
  • Business to consumer
  • Consumer to consumer
  • Consumer to business

It covers different type of business  from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations.
electronic commerce allow consumers to exchange goods,and services buy products electronically mostly using internet with no barrier of time and distance.

B2B Model-
Business to business or B2B refers to electronic commerce between businesses rather than between business and consumer B2B eCommerce deals with thousand of other business.
such as manufacturers selling to distributor and wholesalers selling to retailers.

B2C Model –
Business to consumer is used to describe a transition conducted across internet between business and consumers directly.
C 2 C eCommerce term refer to consumer to consumer electronic commerce.

C2C Model-
C2C transition involved transaction between consumer to consumer through third party.

C2B Model –
C 2 B or customer to business model allow business extract value from customer.

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What do you need to have an online store and what exactly is a shopping cart?

Shopping cart software is an system used to allow consumers to purchase goods and or services, track customers,and  all aspects of eCommerce into one cohesive whole.
When the buyer is ready to ‘check out,’ he or she may go through the list to make a final purchase decision before clicking the ‘buy’ button.
When customers shop in a grocery store they browse the product aisles, choose the products that go into their shopping cart and ‘checkout’. Shopping cart solutions provide customers with a similar shopping experience in the virtual world. Customers enter a web site, select the items they want from a catalog, put them in a shopping cart, and submit the order.
In the past, shopping online meant customers had to fill out a form manually, entering the products they wanted and then adding up the order by hand. Since the introduction of shopping cart solutions, customers can now complete their online shopping experience in minutes.there are many types of software that you can use.

A complete shopping cart solution includes the following:

  1. A merchant account
  2. A database server
  3. A catalog
  4. A web server
  5. A storefront with shopping cart
  6. A secure payment gateway

How Do I Choose A Shopping Cart Solution?

When Developing a shopping cart solution, it is important to buy the software first, and then select a payment gateway and merchant account according to it.
choose to build you own solution, decide to buy or lease a product, or join a service, you need to consider your business requirements.
Determine Your Needs

1. Skill Level:
determine what type of skill level do you have for shopping cart solution

2. Products/Services:
Determine your products and services needs. How many products and/or services do I sell?

3. Business Plan:
How quickly do I need to set up my online business? If you want to develop a shopping cart solution quickly then you should not build your own site as this takes a lot of time.

 



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