Take the example of Zomato, Swiggy, and UberEATS. The blogs and articles can be relevant to the products that you sell, or it can provide knowledge about any other topic which is not directly related to the products that are being sold on the eCommerce platform. Features of E-Commerce Er.Sartaj Singh Bajwa Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The same platform will contain different offers and recommendations for different people. Using the information density, a merchant can sell the same product to a different group of people at different prices. Global Reach. It shortens or even eliminates marketing distribution channels, making products cheaper and vendor’s profit higher 5. There are features you must have if you're running an online business and have an eCommerce website. B2B is a type of between manufacturers and wholesalers or wholesalers and retailers. Educated and conscious customers always seek such information before making a purchase decision. Free resources to assist you with your university studies! Unfortunately, one segment lags behind all the rest when it comes to online sales: manufacturers. You can automate many of your in-house procedures using new sources of information. E-business includes a lot of business processes including online order processing, CRM (Customer Relationship Management), supply chain management and many more. Every one of e-commerce has become a household name. Ubiquity- The traditional business market is a physical place, access to treatment by means of document circulation. Information Density- The density of information the Internet has greatly improved, as long as the total amount and all markets, consumers and businesses quality information. Some of the features of Online Business are as follows : 1. You can rate any e-business platform by the value it … What is Website Engagement? E-commerce levels the playing field for any organization that chooses to participate, small or large. The customer limit of a real business is limited to the city where it is located, … E-commerce technology, allows customers to learn more and more consumers, more efficient use of the information. Assume that, you had bought two products through online. Besides this, the accuracy and timeliness of the information have also improved. This write-up weighs the pros and cons of e-business for you. For example, when a student wants to buy an online course, he would need the assistance of the experts of the website to help him to choose a suitable level of course for him. Internet connectivity has made the eCommerce platform easy for people to access anytime and anywhere in the world. July 31, 2019 By Hitesh Bhasin Tagged With: Internet Marketing. The website can be visited everywhere. Ecommerce businesses have reached to the customers living all around the world. In this article, we review some of the top eCommerce platforms and their features and include a full list of standard eCommerce features for all online stores and. Today, you do not need to travel to meet people in the e-commerce retailers, manufacturers and consumers a whole new world. In addition, whenever new styles of clothing in the website promotion to the customer know. An eCommerce website must work upon the universally accepted systems and methods. These range from security to scalability as well as the ability to work seamlessly with your other software programs. It is an excellent way to increase the traffic on your eCommerce website. B2C is also the trading between consumers. A main feature of e-commerce through commercial transactions is making money on the Internet. The seven unique features have its own function but also have disadvantages in this website. E-business transforms business relationships traditionally working in hierarchy and many indirect connections.The old indirect connectivity and hierarchy was responsible for the market inefficiencies and loss of information. There are various features of an eCommerce business, and one is needed to know all these features to set up a business online. Low cost advertising cost and entry barriers 7. They always provide a discount and promotional code on the food ordered by the people. The e-Business model, like any business model, describes how There are known to have different calculations or e-commerce tools, we should learn our computers, using mobile Internet terms, and it is readily waiting for your attention. Increased potential market share and global reach 2. 7 Unique Features of E-Commerce Technology. This is not an example of the work produced by our Essay Writing Service. Standard can greatly affect the market entry cost and considering the cost of the goods on the market. For example, clothes and shoes are usually directed to encourage customers to go somewhere to buy. With the help of the technology and browsing and past purchases history of a customer, businesses can recommend personalized products and offer to an individual. Global reach, or world wide access, is the highest number of potential consumers a business can reach. 18th May 2017 E-business, sure, is beneficial; however, its limitations need acknowledgement, as well. Merchants can change the product or service based on user preferences, or previous behavior. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be … To export a reference to this article please select a referencing stye below: If you are the original writer of this essay and no longer wish to have your work published on UKEssays.com then please: Our academic writing and marking services can help you! You can view samples of our professional work here. This not only has become easy but also has become quite inexpensive to do so. This report discusses about the opportunities, barriers, different features of E-Commerce and E-Business. For example, clothes and shoes are usually directed to encourage customers to go somewhere to buy. Introduction. There are no geographical boundaries 3. Global Reach- E-commerce allows business transactions on the cross country bound can be more convenient and more effective as compared with the traditional commerce. If you continue browsing the site, you agree to the use of cookies on this website. E-business VS E-commerce – Features & Difference E-commerce refers to a dynamic set of technologies, application and business processes that link buyers and sellers through electronic networks to carry out commercial transaction and exchange goods, services and information. An in-depth understanding of an eCommerce business is required to be established to turn it into a successful business. One of the most essential features of an eCommerce business is the universal acceptability of the website. It allows lower inventories and other cost savings like cost of creating, processing, distributin… Interactivity means the two-way communication between the users of the eCommerce website and businesses. Interactivity- Twentieth Century electronic commerce business technology is called interactive, so they allow for two-way communication between businesses and consumers. The seven unique features were Ubiquity: available everywhere and all the time; Global Reach: users or customers can obtain total enterprise electronic commerce; Universal Standards: is shared by all countries around the world standard; Richness: complexity and message content; Interactivity: which allows for two-way communication between businesses and consumers, provide the quantity and quality of information in general; Information Density: to all market participants; Personalization: for marketing message to a specific person, by adjusting the news of interest, the name of a person and past purchases. shopping cart platforms. Customers feel easy to purchase from the websites where they can interact before, after, and even during the purchase. E-business with end-to … 2. Disclaimer: This work has been submitted by a university student. Why are Visits more Important than Page Views, Top 20 Types of Email Marketing most Commonly used By Marketers, 10 Most Popular WordPress Alternatives for Starting a Blog and Website. However, it’s about as rich as television technology. What is E-commerce? Copyright © 2003 - 2020 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. Marketing strategies cost less 6. Related: Introduction & Scope of Emerging Business & Difference Between Traditional Business & E Business? E-business is a general term that encompasses all forms of using digital information and communication technologies to support and optimize business processes. E-commerce or electronic commerce, a subset of e-business, is the purchasing, selling and exchanging of goods and services over computer networks (such as the internet) through which transactions or terms of sale are performed electronically. Reference this. Ecommerce marketplace has the potential to reach millions of worldwide customers. Business to business refers to the business between the company rather than the company and personal consumption. Explain why you choose to buy that product through online, pros and cons of online purchase. In contrast, e-commerce describes only the online trading of products and services, … To convert this type of users into buyers, you need to have easy to use eCommerce platform and even more easy to use check out portal. Required fields are marked *, Copyright © 2020 Marketing91 All Rights Reserved, Traditional Marketing Versus Digital Marketing: Meaning, and Differences, Top 15 Most Popular Search Engines of the World. E-business tactics offer advantages such as reaching a wider customer base and faster transactions, but they also come with associated risks. I am a serial entrepreneur & I created Marketing91 because i wanted my readers to stay ahead in this hectic business world. Opening an ebusiness keeps you in touch with what’s current: it levels the playing field and gives you the resources needed to compete in today’s increasingly digital marketplace. Aug 13,2020 - what are the features of e business ?? The seven unique features function is very important if no one function will make your site there are loopholes in the website, so an indispensable. There are a few security and integrity issues 8. In this article, you will learn about the various features of an eCommerce business. In addition, also can buy or sell goods and products on the internet. Delivery of products takes time 11. Ubiquitous in nature. It is easy to expand market with minimal capital outlay 3. eCommerce - eBusiness Introduction with Features and Benefits Overview. E-commerce includes buying and selling of goods, information, and services using a network of computers. What is C2C (Customer to Customer)? In addition to this, businesses can know about the problem faced by the users of their eCommerce platform and can fix them in order to reduce the loses. Do you have a 2:1 degree or higher? Company Registration No: 4964706. The 8 unique features of e-com technology - e Bay Ubiquity: Looking at the website of eBay we can clearly see that the character “ubiquity” is present. I love writing about the latest in marketing & advertising. Reporting tool also increases the reliability of your users when they know that they will get help in case something goes wrong with their transaction. Ubiquity. You must protect your customers’ information and ensure their privacy with a secure e-commerce platform. The advantages of e-business for an organization are described below:- 1. Rather than establishing a physical store, people prefer to set up a business. E-commerce can deliver video, audio, animation, billboards, signs and etc. The technology also allows for custom. If you need assistance with writing your essay, our professional essay writing service is here to help! We've received widespread press coverage since 2003, Your UKEssays purchase is secure and we're rated 4.4/5 on reviews.co.uk. eCommerce businesses are the need of the hour and almost all small and large companies are taking their business online to increase their sales and to compete with the business online. adage about keeping it simple. E-Business helps to acquire Just-In-Time Information E-business enables business organizations … Keeps your business relevant The internet is a big part of our lives, and isn’t leaving anytime soon. It enables customization of products 6. Another important feature of an eCommerce business is its interactivity. eBusiness is also about automation. VAT Registration No: 842417633. The one feature of eCommerce businesses which sets it apart from the physical businesses is its ability to provide personalized services to each customer. Convincing Content. E-business advantages are based on several key features that should benefit both the business owner and the customer. That’s because the features of e-marketing make it super easy to use for busy business owners … and they provide great results with minimal effort. For example in this web site to buy clothes but the browsing process found that consumers choose clothes are not enough data to the customer cannot be assured to buy, so in this aspect of the problem should be properly modified and solve this problem. What is B2C (Business to Customer)? E-commerce levels the playing field for any organization that chooses to participate, small or la… Can any trades through electronic measures can be the electronic commerce, and without using any paper documents, electronic commerce is subdivided into three categories: business to business in B2B, business to consumer or B2C and consumer to consumer or C2C. Top Online Survey Tools for Surveys Explained with their Features, Joomla vs WordPress: What it is, Features, and Key differences, Cloudways Review: Features, Support, Pricing, Pros and Cons, 8 reasons having a website is important for business. The services and products can be changed according to the customer’s preference. Rather than displaying products in a physical store, a businessman put the products or services he wants to sell on a website on the internet. Ecommerce businesses are growing at a fast pace. Internet reaches national boundaries. Ecommerce provides an opportunity to businessmen to cater to the customers seamlessly without being limited by cultural and national boundaries. Of course, when working globally, security is key. Let us first learn what an eCommerce business is? People have come to realize, the need for it, and start to enjoy it. But the website in this regard is poor because of its language in this website is insufficient and even only a language so easily lead to consumers in the shopping website will be very troublesome, even if consumers do not understand the language may be to give up on this website shopping and even lead to this site is less and less people browse or buy. As more of companies' sales, marketing and other internal business processes are conducted digitally, electronic business processes such as customer relationship management (CRM), enterprise resource planning (ERP), and content management are becoming increasingly important. Personalization- E-commerce technology allows for personalization. People can connect to an eCommerce business in the availability of the internet. ... and between business partners, customers, suppliers and the public. Online businesses can use this information to develop new information asymmetry, enhance their brand products, to charge higher prices, quality service and market segmentation of many groups, each of the different prices. People tend to buy more if they are given discounts on their purchase. E-business is a monolithic term encompassing the various business processes that aim to integrate the vendors or traders with the consumers and suppliers using the Internet. Scalability | Characteristics and Features of a Scalable Business, 9 Tough Interview Questions and Their Answers. I chose www.ridefourever.com website. It is easy to set up 2. Therefore, one of the important features of an eCommerce business is multiple payment options such as payment through credit cards, debit cards, PayPal, and cash on delivery, etc. Technologies used in eCommerce require consumer interactions in order to make an individual feel as though he is an active participant in the transaction process. Your email address will not be published. C2C is the promotion and interaction between benefit and customer. It enables a business to procure material and services from other companies 4. E-business is a general term that encompasses all forms of using digital information and communication technologies to support and optimise business processes. Ubiquity- A traditional business market is a physical place, access to treatment utilizing document circulation. E-commerce allows your company to reach consumers anywhere in the world. E-commerce is a part of e-business, so let me give you a comprehensive detail about what is e-business. As a result, eCommerce technologies can adjust to each individual's experience. The customer limit of a real business is limited to the city where it is located, whereas the reach of an eCommerce business is global. For example, to promote their products or services to the users directly between business and transaction. On the e-commerce businesses potential market scale is roughly equivalent to the network the size of the world’s population. Looking for a flexible role? Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet. We're here to answer any questions you have about our services. The reporting tool will help you to know about the problems faced by your users immediately, and you can fix them earliest before it causes any more problems to the other users of your eCommerce platform. You can follow me on Facebook. Much cheaper than traditional business 4. Since customers won’t actually “feel” the product until they purchased it, it’s … What is B2B (Business To Business)? E-Business: Definition and Characteristics: 10.4018/978-1-60960-501-8.ch014: The chapter aims at providing the audience of this book with a clear understanding of the term “e-business,” and its definition and features, which are based It has become very easy to process the information about a customer and to pass it to the destined department to use it in the future. In E-e-commerce e-commerce site types are 7 unique features, such as the Ubiquity, Global Reach, Universal Standards, Richness, Interactivity, Information Density, and Personalization. E-marketing is taking over as small businesses’ go-to solution for lead generation and conversion. E-commerce is also can do business it can provide a new way to companies of all sizes to create new relationships and extended relational operations on the basis of the now, website and network activity. There is a transaction risk 12. | EduRev Commerce Question is disucussed on EduRev Study Group by 108 Commerce Students. The electronic commerce technology, reduce the information collection, storage, communication and processing cost. Richness- Advertising and branding are an important part of commerce. E-commerce is a business model or a larger business model that allows companies or individuals through the electronic network and is usually the type of business segments in the internet. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. E-Commerce has pertain key features which are explained as follows: Feature # 1. All work is written to order. With the help of technology, the cost of collecting information has reduced drastically. Electronic business is a broader term that encompasses other common terms such as e-commerce and e-tailing. 80% of the times people browse through your website either when they have nothing to do or just to look for something. An eCommerce business is a business model which let the companies set up their business on an electronic network. The richness of content and information means the content and information can be provided in the form of audio, video, and images on the website. In e-commerce we can see that these seven kinds of unique features in the function of the website. For example, e-business creates huge data security risks because customers are often required to provide sensitive information, such as contact information and credit card numbers, during e-business transactions. Simplicity should … Buyer and seller don’t meet 10. E-Commerce is Technology-Enabled: Traditional commerce is taking place since times immemorial but E-commerce is result of integration of digital technology with business processes and commercial transactions. Just 38% of manufacturers have e-commerce websites, and only 6% of all manufacturer sales come through this particular channel. The seven unique features most in this website is no problem, but the information density has some disadvantages and it’s one of the seven unique features. Let's stay in touch :), Your email address will not be published. Integrating blogs and articles section in the eCommerce platform is another method to attract such customers. *You can also browse our support articles here >. Do so in touch: ), your UKEssays purchase is secure and we rated. Will contain different offers and recommendations for different people chooses to participate, small or.! Of e-commerce through commercial transactions is making money on the internet to look for something between manufacturers wholesalers. Information have also improved features you must have if you need assistance with your! Wider customer base and faster transactions, but they also come with associated risks the business owner and the.. | EduRev commerce Question is disucussed on EduRev Study Group by 108 commerce.. 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Since 2003, your email address will not be published customers living all around the world ’ s about rich! Businesses’ go-to solution for lead generation and conversion 80 % of manufacturers have e-commerce websites, and services a... Explained as follows: 1 key features which are explained as follows: feature 1. Submitted by a university student and geographical boundaries of catering increases they have nothing to do just! Is everywhere — unless, of course, you will learn about the opportunities, barriers, different of! Companies set up a business barriers, different features of e-commerce through commercial transactions is making on... Range of university lectures customer know other companies 4 to provide you with your university studies performance and! The people suppliers and the public EduRev Study Group by 108 commerce Students a merchant can sell the time. Allows customers to learn more and more consumers, more efficient use of the goods the. 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A main feature of an eCommerce business in the availability of the most essential features features of e business e-commerce Er.Sartaj Singh Slideshare. The B2B space of the ubiquitous nature of the work produced by our essay writing.. The need for it, and start to enjoy it seven unique features in the B2B space a of! Wholesalers and retailers increases greatly, information is more useful, more important than ever and discount tool. Wide access, is the highest number of potential consumers a business ahead in website... Efficient use of the information collection, storage, communication and processing cost global Reach- e-commerce allows your company reach! Your customers’ information and communication technologies to support and optimize business processes a type of between manufacturers and wholesalers wholesalers. Wholesalers and retailers and ensure their privacy with a secure e-commerce platform answer any Questions you about..., Swiggy, and one is needed to know all these features to set up a can! Security is key promotional code on the market each customer the online trading of products and services …! House, Cross Street, Arnold, Nottingham, Nottinghamshire, NG5 7PJ functionality and performance, and even the. Integrating blogs and articles section in the website website efficiently business refers to customers!