Ways of buying and selling products.
What Is E-Commerce?
1. Transacting or facilitating business on the Internet is called ecommerce. Ecommerce is short for “electronic commerce.”
2. E-commerce is the online transaction of business, featuring linked computer systems of the vendor, host, and buyer.
3. Electronic transactions involve the transfer of ownership or rights to use a good or service. Most people are familiar with business-to-consumer electronic business (B2C).
4. Common illustrations include Amazon.com, llbean.com, CompUSA.com, travelocity.com, and hotels.com.
5. When you are buying goods online, there needs to be a mechanism to pay online too. That is where payment processors and payment gateways come into the picture.
6. Electronic payments reduce the inefficiency associated with writing and mailing checks. It also does away with many of the safety issues that arise due to payment made in currency notes.
Types of Ecommerce
Ecommerce can be classified based on the type of participants in the transaction:
1. Business to Business (B2B)
2. Business to Consumer (B2C)
3. Consumer to Consumer (C2C)
7. E-commerce revolve around the fact that it eliminates limitations of time and geographical distance
8. E-commerce usually streamlines operations and lowers costs.
9. Any form of business transaction conducted electronically is ecommerce.
10. Today it is possible for you to perform the entire gamut of banking operations without visiting a physical bank branch. Interfacing of websites with bank accounts, and by extension credit cards, was the biggest driver of ecommerce.
What Is M-Commerce?
1. Mobile Commerce, also known as M-Commerce or M-Commerce.
2. This is the ability to conduct commerce using a mobile device, such as a mobile phone, a Personal Digital Assistant (PDA), a smartphone, or other emerging mobile equipment such as dashtop mobile devices
3. M-commerce consists of two primary components. The first is the ability to use a wireless phone or other mobile device to conduct financial transactions and exchange payments over the Internet.
4. As content delivery over wireless devices becomes faster, more secure, and scalable, there is wide speculation that m-commerce will surpass wireline e-commerce as the method of choice for digital commerce transactions
5. IBM and other companies are experimenting with speech recognition software as a way to ensure security for m-commerce transactions.
6. Using Bluetooth technology, smart phones offer fax, e-mail, and phone capabilities all in one, paving the way for m-commerce to be accepted by an increasingly mobile workforce.
7. M-commerce may not explode in the next few years, but it is likely to continue growing steadily as more advanced wireless handheld accessories become available, more applications are released to facilitate “anywhere shopping,” and retailers get on board with the technology.
8. The biggest challenges we will see with m-commerce over the next few years will be a continuation of the struggles that retailers have faced thus far: user experience barriers, security concerns, and negative perceptions about the value of m-commerce investment.
9. M-Commerce is one of the most exciting ways that vendors can drive revenues and improve profit margins. It will dramatically enhance the customer experience both inside and outside the store. M-Commerce applications can provide important assistance in acquiring and retaining customers while reducing the cost to service providers.
10. M-Commerce is an emerging market that offers huge opportunities for extending remote purchasing.
What Is F-Commerce?
1. Facebook commerce or F-commerce refers to the buying and selling of goods or services through Face book.
2. F-commerce is the idea of using Facebook to touch your customers and then having them promote you to their network of friends
3. In its most basic form, this means allowing your customer to associate themselves with you either from your website, Facebook fan page or advertisement.
4. Due to the popularity of F commerce, social commerce is also reaching new heights.
5. It is predicted that F commerce with its new features and increasing popularity, will take over E-commerce soon.
6. Progressive companies are now taking the Facebook shopping experience to a new level with F-Commerce