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E commerce.

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E commerce. E commerce is becoming a crucial part of everyday life. Online shopping took the new millennium by a huge blow and ever since has been a craze amongst anyone old enough to take full benefits of the facilities. The same comfort that you can receive whilst sitting in your own chair at home shopping for products that might be on the other side of the world cannot be possible on an everyday basis. Although e-commerce is mainly related to shopping e-commerce extends to e-commerce extends into areas of online stock and bond transactions, buying and downloading software, and conducting micro-transactions. E-commerce is a relatively new industry and is expanding rapidly. The first online store dates back to 1994. Since then we saw the arrival of Amazon the next biggest online shopping center which unveiled itself in 1995 and started selling of books but now sells many more items. E-commerce has had a very powerful effect on many companies. Amazon.com is one such example. The company started roughly five years ago and initially sold books online in the fastest possible Since then, they have expanded and now sell almost anything online, including free e-cards, books, CD's, videos, electronics, and so on. Amazon.com claims that 17 million people in more than 160 countries chose them as the leading internet shopping site. ...read more.


E-Commerce removes the hassle of crowds and line-ups from the consumer's routine. The supplier has the advantage of keeping their store open twenty four hours a day, seven days a week - without having to hire the staff to maintain it which saves a lot of money which means they can focus on better prices for their products and greater profits. The Internet opens up the customer base widely, allowing many customers the opportunity to view their product. Some disadvantages include the shipping fee that is associated with everything that is purchased on the Internet and the assurance that the customer must place with the product. For example, most customers like to see and test their product before they make a purchase. Perhaps the most distinct disadvantage lies within security involved in E-Commerce businesses: credit cards. Every time a transaction is made, it is often a credit card number that is submitted over the Internet. There are many consumers today that still refrain from the practice for fear of a third party obtaining their card numbers or other personal information. With more and more methods of paying for products online it is hard to choose which one is safe, reliable and easy to use. There are two main methods of paying for goods the first is the standard credit card the second is paypal. ...read more.


* Offers user another payment option. 25 million people have PayPal accounts. Here are the disadvantages of Paypal on your web site: * Customer needs to leave your web site to complete the transaction. This can be seen as unprofessional and also confusing to the user. * Asking customer to give personal information to an organization they may not be familiar with. * Entire order data is not in your database unless you ask for it twice. * Any complaint about PayPal becomes a complaint against you. * You do not have the flexibility that you may need for things like shipping charges, design, reporting and handling returns. According to a survey dated in 1997 The growth of the number of E-Commerce users and sales online is definitely increasing, in fact it is displaying exponential growth. In 1997, total sales on the online industry amounted to $3 billion dollars. By the end of 2000, it is expected to amount to $7 billion dollars in sales, and by 2003, online sales is expected to grow to $3.2 trillion dollars! An estimate from the US Department of Commerce claims that traffic on the Internet doubles every 100 days. With this number growing, online sales can only grow as well. The following diagrams help illustrate this point. E commerce is becoming a huge success but it is only a success if used correctly If the facilities of e-commerce are abused there can be many dangers. ...read more.

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