E-commerce

E-commerce

1. The E in E-commerce stands for electronic which shows that the sale and purchase of goods is carried out using an electronic system, usually the internet.

2. E-commerce has led to many new businesses setting up without purpose built premises, such as Amazon and small businesses on eBay who only trade online.

3. To sell goods using E-commerce, a business needs a good internet connection on a computer, a registered domain name and a website built under this domain name that contains the web shop.

4. The web shop will contain pictures and information about all the products and services for sale.

5. The business will need a secure payment program that will process debit and credit card payments.

6. Most E-commerce businesses then have an automated process for sending conformation of the order to the customer's e-mail address.

7. The final step in a transaction is to physically send the order to the customer if it's a product or to electronically transfer the information or service that has been paid for.

8. E-commerce isn't restricted to shopping for goods, as it can also be used for booking trains, cinema tickets and package holidays. The perks of doing these things online and that it is easy to check prices and availability by linking to a remote database.

9. Businesses don't have to advertise goods at a set price - they can choose to sell them through an online auction Businesses can also choose to purchase goods they need as well as selling.

10. The most well known auction site is eBay where you can set both a buy it now price and a minimum amount they're willing to sell for. The auction sites usually charges a fixed amount of the fee from the seller and extra for including. pictures