Presentation on theme: "E-CO MME RCE Technology. Introduction What Is E-Commerce ? It is term refering to the process of sailing & buying products & services over the internet."— Presentation transcript:
Introduction What Is E-Commerce ? It is term refering to the process of sailing & buying products & services over the internet or other electronic system. E-Commerce allows the transaction to be performed quickly & economically. Customer can view, browse,down load & place the order electronically from their homes. The product are shipped through the fastest mode of delivery.
History Of E-Commerce The term 'e-commerce' has been in use since the 1970s and has had a number of meanings. Online shopping was invented in 1979 in the UK. The beginning of modern e-commerce and e-business can probably be traced to the announcement of Redifon's Office Revolution in March/April 1980. Both business-to-business and business-to- consumer online shopping existed in the UK in the 1980s. During the year 2000-2001, two major Industry Associations produced separate reports on e-commerce in India. One was prepared by the National Committee on E-Commerce set up the Confederation of Indian Industry(CII), while the other was commissioned by the NASSCOM and prepared by the Boston Consulting Group. Both the reports are optimistic about the growth of e-commerce in India.
Features Of E-Commerce Ubiquity; it is available everywhere at anytime. Online the stores never close. Online shopping has hurt traditional businesses in some ways and helped it in other ways. A positive thing is clicks-and-bricks; you can order online and pick it up at the store. Global Reach ;is a great feature of e-commerce. It takes the marketplace to market space. You can go "shopping" all around the world in one place.
Universal Standards ; are standards shared by the world. This is a revolutionary thing for not just e-commerce but the world. It gives us all the ability to connect at the same "level" and it provides network externalities that will benefit everyone. Richness ; is the complexity and content of a message. Everyone loves to feel special and important. The web and e-commerce has made it possible to deliver the same kind of "feeling" or message without the face to face interaction.
Interactivity ;allows online merchants to engage consumers in face-to-face like interactions without an actual face to face experience. E-commerce interactivity is much better because businesses can interact on a much larger scale. E-commerce can collect information from consumers more easily and efficiently with forms and surveys. Information density ;offers consumers better quality information and more of it. Personalization and Customization; are tailoring messages and products to consumers based on their preferences. Websites like MSN let you customize your homepage to all the information you want and they also place advertising on your page based on your preferences.
Advantages & Disadvantages of E-commerce Overcome Geographical Limitations; If you have a physical store, you are limited by the geographical area that you can service. With an ecommerce website, the whole world is your playground. Lower Costs; One of the most tangible positives of ecommerce is the lowered cost. A part of these lowered costs could be passed on to customers in the form of discounted prices..
Locate the Product Quicker; It is no longer about pushing a shopping cart to the correct aisle, or scouting for the desired product. On an ecommerce website, customers can click through intuitive navigation or use a search box to immediately narrow down their product search. Some websites remember customer preferences and shopping lists to facilitate repeat purchase. Eliminate Travel Time and Cost It is not unusual for customers to travel long distances to reach their preferred physical store. Ecommerce allows them to visit the same store virtually, with a few mouse clicks.
Ecommerce Lacks That Personal Touch. Ecommerce Delays Goods. Many Goods Cannot Be Purchased Online. Anyone Can Set Up an Ecommerce Website(Fake website). Disadvantages of E-Commerce
Top 10 E-Commerce Industries In India..Flipkart.com.. Snapdeal.com..Fashionandyou.com..Myntra.com..Inkfruit.com..Dealsandyou.com..eBay..Homeshop18.com.Infibeam.com..99labels.com.