To both the consumers and business, connectivity plays an important part as it is the key factor determining the whole business. From the business point of view, Ecommerce provides better connectivity for its potential customer as their respective website can be accessed virtually from anywhere through Internet. This way, more potential customers can get in touch with the company's business and thus, eliminating the limits of geographical location.From the customer standpoint, Ecommerce is much more convenient as they can browse through a whole directories of catalogues without any hassle, compare prices between products, buying from another country and on top of that, they can do it while at home or at work, without any necessity to move a single inch from their chair. Besides that, for both consumers and business, Ecommerce proves to be more convenient as online trading has less red tape compared to traditional commerce method. In global market sense, the appearance of Ecommerce as a pioneer has opened up various windows of opportunities for a variety of other companies and investors. For instance, due to the booming of Ecommerce, more and more resources are being directed into electronic securities, internet facilities, business plans and new technologies. In result of this phenomenon, a variety of new markets have emerged from Ecommerce itself giving a boost to the global market. In short, if without any major obstacles, Ecommerce will certainly continue to mature in the global market and eventually, it will become an essential business plan for a company in order to survive and stay competitive in the ever changing market. Kepran is an e-commerce development company providing ecommerce development solutions ,expertise in ecommerce development with bunch of ecommerce development professionls in ecommerce development Bangalore
Business-to-business (B2B) e-commerce is widely believed to promise a radical change in the way that firms trade with one another. B2B e-commerce applications are being promoted as tools that will enable producer firms in developing countries to reduce their costs substantially, thereby easing their access to global markets. The vision of B2B e-commerce is driven by a simple idea. The Internet provides an open global network and access to this network is relatively cheap. Internet-based B2B e-commerce should help producers in developing countries obtain better information on global markets and give them direct access to new customers in
2. The key question is: does the implementation of Internet-based B2B e-commerce actually lead to new trading opportunities for producer firms in developing countries? Some of the hype has gone out of the Internet debate, but policy makers and development assistance organisations continue to have a very optimistic view about the potential of the Internet and information and communication technologies (ICTs), more generally. They are concentrating on removing the obstacles that hold back the use of ICTs by developing country firms. Helping these firms to bridge the ‘digital divide’ and take advantage of ‘digital opportunities’ is a very high priority. 3. This project examines the expectations and assumptions behind this drive to invest in ICTs and B2B e-commerce, in particular. We arrive at an alternative set of conclusions about the appropriate priorities for policy and action. These come from investigating what actually happens on the Internet and from talking to producers and other stakeholders in developing countries who are involved in international trade and in some types of B2B e-commerce. 4. Our overall finding is that the main effect of B2B e-commerce is to enhance the relationships between existing trading partners. Its use does little to help forge ongoing relationships with new firms. There is a clear message for policy makers and practitioners – understanding how international trade is organised and how inter-firm relationships are developed is essential if the use of some types of B2B e-commerce is to assist producer firms in gaining more equitable access to international markets. 5. In spite of the optimism about the potential benefits of B2B e-commerce for developing country firms, there is remarkably little evidence about the way that it is actually used by producers in developing.
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Why are there college courses and textbooks on e-commerce when there are no courses or textbooks on “TV Commerce,” “Radio Commerce,” “Direct Mail Commerce,” “Railroad Commerce,” or “Highway Commerce,” even though these E-commerce: The Revolution Is Just Beginning 11 E-commerce primarily involves transactions that cross firm boundaries. E-business primarily involves the application of digital technologies to business processes within the firm.The difference between ecommerce and e-business the digital enablement of transactions and processes within a firm, involving information systems under the control of the firm 12 The Revolution Is Just Beginning technologies had profound impacts on commerce in the twentieth century and account for far more commerce than e-commerce? The reason, as you shall see, is that e-commerce technology is different and more powerful than any of the other technologies we have seen in the past century. While these other technologies transformed economic life in the twentieth century, the evolving Internet and other information technologies will shape the twenty-first century. Prior to the development of e-commerce, the process of marketing and selling goods was a mass-marketing and sales force-driven process. Consumers were viewed as passive targets of advertising “campaigns” and branding blitzes intended to influence their long-term product perceptions and immediate purchasing behavior. Selling was conducted in well-insulated “channels.” Consumers were considered to be trapped by geographical and social boundaries, unable to search widely for the best price and quality. Information about prices, costs, and fees could be hidden from the consumer, creating profitable “information asymmetries” for the selling firm. Information asymmetry refers to any disparity in relevant market information among parties in a transaction. It was so expensive to change national or regional prices in traditional retailing (what are called menu costs) that “one national price” was the norm, and dynamic pricing to the marketplace— changing prices in real time—was unheard of. Kepran is an ecommerce development company providing ecommerce development Bangalore expertise in ecommerce development solutions Bangalore.
In 1994, e-commerce as we now know it did not exist. In 2005, just ten years later, around 110 million American consumers are expected to spend about $142–$172 billion purchasing products and services on the Internet’s World Wide Web (eMarketer, Inc., 2005b; Shop.org and Forrester Research, 2005; Rainie, 2005). Although the terms Internet and World Wide Web are often used interchangeably, they are actually two very different things.The Internet is a worldwide network of computer networks, and the World Wide Web is one of the Internet’s most popular services, providing access to over 8 billion Web pages. We describe both more fully later in this section and in Chapter 3. In 2005, businesses are expected to spend over $1.5 trillion purchasing goods and services from other businesses on the Web (U.S. Department of Commerce, 2005). From a standing start in 1995, this type of commerce, called electronic commerce or e-commerce, has experienced growth rates of well over 100% a year; although the rate has slowed and is now growing at about 25% a year. These developments have created the first widespread digital electronic marketplaces. Even more impressive than its spectacular initial growth is its future predicted growth. By 2008, analysts estimate that consumers will be spending around $232 billion and businesses about $3 trillion in online transactions (eMarketer, Inc., 2005a; 2003; U.S. Department of Commerce, 2005) Kepran is an ecommerce development company providing ecommerce development solutions in ecommerce development Bangalore expertise in ecommerce development in ecommerce development India
Online consumer sales expanded by more than 23% in 2005 to an estimated $142–$172 billion (eMarketer, Inc., 2005a; Shop.org and Forrester Research, 2005). • The number of individuals online in the United States increased to 175 million in 2005, up from 170 million in 2004 (The total population of the United States is about 300 million.) (eMarketer, Inc., 2005b; U.S. Census Bureau, 2005). • Of the total 112 million households in the United States, the number online increased to 71 million or 63% of all households (U.S. Census Bureau, 2005; eMarketer, Inc., 2005b; Pew Research Center, 2005).• On an average day, 70 million people go online. Around 140 million send e-mail, 8 million have created a blog, 4 million share music on peer-to-peer networks, and 3 million use the Internet to rate a person, product, or service (Pew Research Center, 2005; Pew Internet & American Life Project, 2004). • The number of people who have purchased something online expanded to about 110 million, with additional millions shopping (gathering information) but not purchasing (Pew Research Center, 2005). • The demographic profile of new online shoppers broadened to become more like ordinary American shoppers (Pew Research Center, 2005; Fallows, 2004). • B2B e-commerce—use of the Internet for business-to-business commerce— expanded about 30% in 2005 to more than $1.5 trillion (U.S. Department of Commerce, 2005). • The Internet technology base gained greater depth and power, as more than 42 million households had broadband cable or DSL access to the Internet in 2005—about 38% of all households (eMarketer, Inc., 2005c) Kepran is an ecommerce development company providing ecommerce solutions expertise in ecommerce development located in e commerce development Bangalore
Amazon.com is one of the Web’s most exciting and instructive stories. Started in a garage by Jeff Bezos in 1995, it has since grown to become the largest Internet retailer, with the highest levels of customer satisfaction, the fastest revenue growth rates, and finally, after nine years, profitable. One of the Internet “Big Four” companies, along with Yahoo, eBay and Google, few would have thought it possible when Amazon first opened for business that an online bookstore would become one of the premiere general retailers in the world. But Amazon’s ability to maintain operations at a sufficiently profitable level is a fact that continues to worry investors in 2005, in ecommrce development.Critics are of two minds: either Amazon will become the online Wal-Mart (and suffer from its huge size just as WalMart does) or it will fail to deliver superior growth and profits because it has spread itself too thin, taken on too many product lines, and given away too much revenue to customers by offering free shipping and superior service. Supporters, and Bezos himself, counter that Amazon has become the Web’s largest retailer on a revenue basis by focusing on the customer, not short-term profits, and that it will ultimately become one of the most profitable by following the same strategy. Amazon certainly has had a roller coaster ride in its ten brief years. In December 1999, Jeff Bezos graced the cover of Time magazine as its Person of the Year. In the same month, Amazon’s stock reached a peak of $113 per share. In January 2001, Amazon reported a whopping $1.411 billion as its overall loss for the year. Its stock hit a low of $6 a share. Amazon laid off 1,300 employees, constituting about 15% of its workforce. Questions about its long-term viability abounded. Bezos promised he would make the company profitable in two years, but few believed this was possible. But, in 2003, Amazon reported soaring sales; it achieved its first annual profit ever (about $35 Amazon.com’s @ first Web site Amazon at 10: Profitable At Last million), and its stock price more than doubled to $25 a share. The good news continued into 2004 when Amazon reported profits of $588 million on $6.92 billion in revenue. Kepran is an ecommerce development company providing ecommerce development services expertise in ecommerce development and giving ecommerce development solutions ,located in ecommerce development India in ecommerce development Bangalore.
Ecommerce development takes an important tool in today’s worlds we all know that what ecommerce has taken a toll on everybody’s life; in ecommerce we have different sectors. Ecommerce Influences Purchase Decisions” When customers are deciding on a purchase, they start by looking online. • Your website is your showroom, where customers can research your product and see all the reasons it is right for them. • Now imagine that same product was just a couple of clicks away from being theirs. A well-designed ecommerce site can influence purchase decisions by showcasing your product at its best, and making it as easy as pie to take action and make a purchase Ecommerce Taps into Social Media • It's a social world out there, with customers turning to social media such as Facebook and Twitter to research potential purchases. • For a smart business, an engaging social media presence can raise their company profile and encourage traffic and sales. A well thought out social media strategy marries well with a good ecommerce site, forging connections with buyers. Offers, competitions and other shareable content can be used to grab attention and encourage visits to your ecommerce store
• Ecommerce Is Convenient • Whether they're just getting through the door after a 10-hour work day, or getting the shopping done at the crack of dawn before the kids get up, customers appreciate the convenience of online shopping. • People's lives are hectic; getting to a bricks and mortar store means taking a sizeable chunk out of their day for a detour. “Ecommerce means you can fit into your customer's busy lives, offering the products they want, when they want them.” These are the main concept for ecommerce and very important usage as we understand the importance of it for every business and it also makes the brand more visible and globalized.Which it’s an easy reach to customers anywhere anytime which saves their time and for business it makes every business product visible and get east clients across the globe .its important to know that ecommerce has for sure has an effect on business field and also the customers .
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BENEFITS OF E-COMMERCE Transaction costs. Three cost areas are significantly reduced through the conduct of B2B e-commerce. First is the reduction of search costs, as buyers need not go through multiple intermediaries to search for information about suppliers, products and prices as in a traditional supply chain. In terms of effort, time and money spent, the Internet is a more efficient information channel than its traditional counterpart. Second is the reduction in the costs of processing transactions (e.g. invoices, purchase orders and payment schemes), as B2B allows for the automation of transaction processes and therefore, the quick implementation of the same compared to other channels (such as the telephone and fax). Efficiency in trading processes and transactions is also enhanced through the B2B e-market's ability to process sales through online auctionsin Ecomerce developement solutions Third, online processing improves inventory management and logistics. Disintermediation. Through B2B e-markets, suppliers are able to interact and transact directly with buyers, thereby eliminating intermediaries and distributors. However, new forms of intermediaries are emerging. For instance, e-markets themselves can be considered as intermediaries because they come between suppliers and customers in the supply chain. Transparency in pricing. Among the more evident benefits of e-markets is the increase in price transparency. The gathering of a large number of buyers and sellers in a single e-market reveals market price information and transaction processing to participants. The Internet allows for the publication of information on a single purchase or transaction, making the information readily accessible and available to all members of the e-market. Increased price transparency has the effect of pulling down price differentials in the market. In this context, buyers are provided much more time to compare prices and make better buying decisions. Kepran is an Ecommerce development company providing ecommerce development services in ecommerce development Bangaloreexpertise in Ecommerce development
Importance of Ecommerce . Electronic commerce or e-commerce refers to a wide range of online business activities for products and services. It also pertains to "any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact. E-commerce is usually associated with buying and selling over the Internet, or conducting any transaction involving the transfer of ownership or rights to use goods or services through a computer-mediated network. Though popular, this definition is not comprehensive enough to capture recent developments in this new and revolutionary business phenomenon. A more complete definition is E-commerce development is the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals ,Is e-commerce the same as e-business? While some use e-commerce and e-business interchangeably, they are distinct concepts. In e-commerce, information and communications technology (ICT) is used in inter-business or inter-organizational transactions (transactions between and among firms/organizations) and in business-to-consumer transactions (transactions between firms/organizations and individuals). In e-business, on the other hand, ICT is used to enhance one's business. It includes any process that a business organization (either a for-profit, governmental or a non-profit entity) conducts over a computer-mediated network. A more comprehensive definition of e-business is "The transformation of an organization's processes to deliver additional customer value through the application of technologies, philosophies and computing paradigm of the new economy. What are the different types of e-commerce? The major different types of e-commerce are • Business-to-business (B2B) • Business to-consumer (B2C) • Business-to-government (B2G) • Consumer-to-consumer (C2C) • Mobile commerce (m-commerce) 1.4. What is B2B e-commerce? B2B e-commerce is simply defined as e-commerce between companies. Kepran infosoft is a ecommerce development company providing ecommerce development services in ecommerce development India located in ecommerce development Bangalore
There are a lot of open source ecommerce platforms are available now to make ecommerce website development is an easy task to deal with. Such ecommerce platforms provide a lot of advantages to small businesses. As they can meet all the merchant needs, it helps small scale businessmen to fight in the market along with the ecommerce giants. Most of the ecommerce platforms provide very effective technical support. And all those having communities of developers and user forums to help merchants.
Major open source e-commerce platforms:
- Magento Community Edition
- Zen Cart
- Spree Commerce
- Drupal Commerce
- WP e-Commerce
OpenCart is a PHP based open source ecommerce platform for online businessmen’s. Like most of the ecommerce platforms it has a very active community to help users and they also have a number of partners for professional installation & Customization. In the default download, OpenCart supports 20 payment gateways and 8 shipping methods. It has also hundreds of other payment gateways and other shiping methods in the extension directory. It has around 2700 themes in its directory.
PrestaShop is also an open source ecommerce solution based on PHP. It has over 310 integrated features. It also has 3500 modules & templates. It has features such as cross selling, downloadable products, one-page checkout & shipping discounts. PrestaShop is using in 160 countries and it is available in 63 languages.
Magento Community Edition
It is the open source and free version of ecommerce platform Magento. It has a Marketplace called Magento Connect from which users can use added features by downloading extensions and themes. Magento Community edition supports around 200000 websites. Magento is one of the most widely using ecommerce web development platforms right now.
Drupal Commerce is an ecommerce app built by using Drupal CMS. Drupal using third party integrations for payment gateway & fulfillment services. It supports multiple languages and multiple currencies. They are also providing good technical support for the new users.
This is one of the first Open source ecommerce platform. There are almost 7000 add-on uploaded by the osCommerce community. It supports around 13000 websites around the world. osCommerce community has almost 280000 members in it.
It’s an application to convert a wordpress website in to e-commerce store. WP e-Commerce plugin has around 3 million downloads. Video tutorials and wordpress forum are there for the user support. This is also one PHP based platform.