About E-commerce

Simply put, e-commerce is the online transaction of business, featuring linked computer systems of the vendor, host, and buyer. Electronic transactions involve the transfer of ownership or rights to use a good or service. Most people are familiar with business-to-consumer electronic business (B2C). Common illustrations include Amazon.com, llbean.com, CompUSA.com, travelocity.com, and hotels.com.

E-commerce can be divided into:

• E-tailing or "virtual storefronts" on Web sites with online catalogs, sometimes gathered into a "virtual mall"
• The gathering and use of demographic data through Web contacts
• Electronic Data Interchange (EDI), the business-to-business exchange of data
• e-mail and fax and their use as media for reaching prospects and established customers (for example, with newsletters)
• Business-to-business buying and selling (B2B)

Benefits of E-Commerce

E-commerce can provide the following benefits over non-electronic communication:

• Reduced Costs : reduced labour, reduced paper work, reduced errors in keying in data, etc.
• Reduced Time : shorter lead times, faster delivery of product.
• Flexibility with Efficiency : the ability to handle complex situations, product ranges and customer profiles without the situation becoming unmanageable.
• Enhanced Long-Term Trading Partner Relationships : improved communication between trading partners leads to enhanced long-term relationships.
• Lock in Customers : the closer you are to your customer and the more you work with them to change from normal business practices to best practice e-commerce the harder it is for a competitor to upset your customer relationship.
• New Markets : the Internet has the potential to expand your business into wider geographical locations. However, it is necessary to develop the appropriate production capacity and distribution channels to support market demands generated by promoting your business to a larger marketplace.

e-commerce websites list

This section has archived over 2,600 e-commerce websites links, covers information of multi industries of the world, more information to be regularly updated.

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