E - Commerce
“E-Commerce", a term so widely and frequently used that it could have various meanings. In our world, E-Commerce has become so widespread that we encounter it in almost every aspect of our lives. Let's take the example of web addresses, open the fridge and you'll see a web address on almost every packaged product. This proves that more and more companies are making it to the web. The Internet has created a new world for them, a world where there is more interaction with customers and many financial benefits for the company.
E-Commerce is not only advantageous for businesses but it has also made the customer's life better and easier. Instead of having the customer go to the store and buy products, he or she can buy them online and have them delivered to his or her doorstep in the comfort of home without having to take a step outside.
In the future this is how buying and selling will be done in the business world. In fact, many companies today, are solely web based such as Amazon.com. Amazon.com’s site was launched in July 1995 with the main aim of selling all types of books online. Today, due to the boom of the Internet economy, Amazon.com now delivers its products to over 220 countries worldwide and sells millions of products such as books, electronics, DVD’s, toys and even tools and hardware. This example shows how much the Internet economy is powerful and bound to become more powerful.
So how does one go about ordering products from the net? The following points briefly outline an online shopping experience:
1. Many E-Commerce sites have electronic catalogs that you can browse or search for specific items.
2. As you find items you want to buy, you add them to your electronic shopping cart.
3. When you are done shopping, your purchases are totaled, then the tax and shipping costs are added in.
4. You will fill out an online order form with the shipping information. To pay, you type in your credit card number, and any other information the merchant requires.
5. Your credit card information encrypted and sent to the merchant.
6. You then receive an on-screen confirmation. Some merchants also send an e-mail confirmation.
According to http://www.howstuffworks.com, some of the most successful e-business sites are:
· www.amazon.com -- books
· www.dell.com -- computers
· www.cdnow.com -- CDs
· www.travelocity.com -- travel
· www.etoys.com -- toys
· www.peapod.com -- groceries
· www.priceline.com -- a new model made possible by the Internet, here in unused inventory distribution
· www.mp3.com -- a new model made possible by the Internet, here in music distribution
· www.ebay.com --a new model made possible by the Internet, here in on-line auctions