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- 1. Table of Content • Introduction • What do you mean by internet commerce • Types of e commerce • Top E-Commerce Companies • Objectives of E commerce • Advantages of Ecommerce • Disadvantages of Ecommerce • The Future of Ecommerce • Conclusion
- 2. Introduction • Two years ago, the sum total of knowledge about e- commerce could be contained in one bucket of bits. • Two years from now, one might float on an ocean of digital signature regulation alone. Almost every area of substantive law has been touched by an "e-issue" and it is all a cyber-attorney can do to keep his or her head above water. • The broadest definition of e-commerce is "the conduct of transactions by electronic means." In the interest of water safety, this series will sail in a smaller pond.
- 3. Impact on market and retailers • Economists have theorized that e-commerce ought to lead to intensified price competition, as it increases consumers' ability to gather information about products and prices. • Research by four economists at the University of Chicago has found that the growth of online shopping has also affected industry structure in two areas that have seen significant growth in e-commerce, bookshops and travel agencies.
- 4. Different Types of E-Commerce • 1. Business-to-Consumer (B2C) • In B2C e-commerce, businesses sell products or services directly to individual consumers. This is the most common type, where companies interact with end-users. • Example: An online clothing store selling to individual shoppers.
- 5. Different Types of E-Commerce • 2. Business-to-Business (B2B) • B2B e-commerce involves businesses selling products or services to other businesses. Transactions often include larger quantities, specific requirements, and longer lead times. • Example: Suppliers selling raw materials to manufacturers.
- 6. Different Types of E-Commerce • 3. Business-to-Government (B2G) • Some companies specialize in providing goods or services to government agencies. They often need to meet government procurement requirements and criteria. • Example: A company supplying equipment to a government agency.
- 7. Different Types of E-Commerce • 4. Consumer-to-Consumer (C2C) • C2C e-commerce platforms connect individual consumers, allowing them to list and sell their products or services to other consumers. • Example: Online auction platforms like eBay, where individuals can sell used items to other individuals.
- 8. Different Types of E-Commerce 6. Consumer-to-Government (C2G): • C2G interactions involve consumers interacting with government entities for various purposes, such as submitting information or payments. • Example: Paying taxes online or submitting forms to government agencies.
- 9. Top E-Commerce Companies….. • Walmart: Once the top retailer in the US, Walmart has focused mightily upon their online business, with great results, offering traditional retail sales, as well as grocery delivery and subscription services. • eBay: One of the first e-commerce sites, eBay still dominates the digital market space, allowing for businesses and individuals to sell their products online. • Wayfair: This home furnishing e-tailer is a drop- shipper, carrying hardly any inventory. They manage suppliers, orders, and fulfillment, and credit their success on personalization – meaning they study how their customers engage and offer up products they believe consumers most want.
- 10. • To participate in National & International fora for above objectives; • To promote and encourage use of computers and e-commerce in above mentioned areas by means of training research and development; and • To provide consultancy in the above mentioned fields for organisation desirous of using the facilities and expertise of the Institute.
- 11. • 4. Quick Comparison - E-commerce also enables you to compare price among several providers. In the end, it leads you to smart shopping. People can save more money while they shop. • 5. Economy Benefit - E-commerce allows us to make transaction without any needs on stores, infrastructure investment, and other common things we find. Companies only need well built website and customer service.
- 12. Disadvantages of E commerce • 1. Security - Customers need to be confident and trust the provider of payment method. Sometimes, we can be tricked. Examine on integrity and reputation of the web stores before you decide to buy. • 2. Scalability of System - A company definitely needs a well developed website to support numbers of customers at a time. If your web destination is not well enough, you better forget it. • 3. Integrity on Data and System - Customers need secure access all the time. In addition to it, protection to data is also essential. Unless the transaction can provide it, we should refuse for e-commerce.
- 13. The Future of Ecommerce • By the year 2023, it's estimated that ecommerce purchases will rise from 14.1% to 22%. These estimations are highly optimistic and they show that ecommerce, as a business, is yet to reach its potential. • Mobile ecommerce sales are also expected to rise, estimated to reach almost 2.91 trillion in 2020.