Electronic Business Mind
Puspose
Electronic business, also known as E-business, are strategies used by businesses with the help of a computing system.
Types of E-commerce
Business-to-Consumer
Business-to-Government
Selling directly to the product end-user
Its mission is to provide items of value, which remits those items into an entity
B2C companies perform transactions with the consumer that is meant to use the product
B2G companies must meet the government for proposal requirements to meet product criteria
Example of E-commerce companies:
Amazon is a great example of an E-commerce business, which is know as one of the largest companies in the retail industry.
Advantages and Disadvantages
PROS
- Owners can generate revenues easily - Customers can browse for specific products
CONS
- Limited customer service opportunities - Once websites go down, lots of revenue is lost
You shouldn't use this form of communication when:
Your business doesn't need E-commerce
E-commerce is causing you great and immense losses in the business in contrast to other types of business modules
Outline
Make channels to grow your business, as well as keeping everything as simple as possible
Decide on platforms and design your website
Select a business structure, and prepare necessary documentation (this includes permits etc...)
To begin an E-commerce, you should always do your research to figure out how and what products your are selling