Ecommerce2 Essay Example For Students

Ecommerce2 Essay An e-commerce solution for a business is the incorporation of all aspects of the business operation into an electronic format. Many well-established businesses have been selling on-line for years. For example, Dell Computers Corp., has been selling computers directly to end-users for years. Currently, Dell is selling excessive of 1 million dollars worth of computers everyday on the World Wide Web (WWW). When a business has incorporated an e-commerce solution, the business will experience a lower operation cost while at the same time increasing its profit. The e-commerce solution will allow businesses to eliminate unnecessary paperwork. All paperwork and data can be transformed into an electronic format. Thus, it will eliminate valuable shelf space and data can searched and accessed in matter of seconds. E-commerce will also automates the sales process. Customers can point click on the products they wish to purchase, fill out the customer information, and the product will be shipped and received in a matter of few days. The administration department does not have to fill out any paperwork because the customer had done it already. Thus, the efficiency will be greatly improved. With an e-commerce solution, the business will be open 24 hours a day, 7 days a week. People from anywhere in the world with an Internet access will be able to visit the site at any time. They will not be restricted to the normal business operating hours. A brick + mortar business is normally limited to serving the customers in its local geographical location. With an e-commerce solution, that business will not be limited a geographical restriction, rather it opens itself to the global on-line market. Essentially, the business market exposure will be greatly increased. In conducting my study, I have researched extensively on the Internet for resources. I chose the Internet as my primary research medium because e-commerce is still a fairly new technology. Since it is technology related, the Internet will provide the most recent data available. Printed publications will not be able to adapt to changes as fast and efficient as electronic publications. I researched many e-commerce related web sites along with some companies that conduct statistical studies. Some of the e-commerce web sites that I looked into are E-Commerce Times, eRetail, and eMarketer. The statistical research firms that I researched are Forrester Research and Jupiter Communication. Both firms provided valuable statistical data that shows the rise of consumers shopping on-line and the predicted dollar amount that will be spent in the coming years. In conducting my study, I completed the following tasks:-I searched extensively on the Internet for sites that are e-commerce related. Upon visiting the sites, I evaluated each sites for the contents, thoroughness, and objectiveness. There are literally hundreds of sites that are devoted to e-commerce. However, after my careful examination of most of them, I n arrowed down to four sites that I will research for this report. -I have also researched many firms that conducts statistical researches. The two firms that I will be utilizing for this report are Forrester Research and Jupiter Communication. Both firms are known for their preciseness, non-objectiveness, and thoroughness. The statistical data I collected from these two firms will support my recommendation that every business should have an e-commerce solution implemented. From my research, I have developed twenty reasons why every business should incorporate an e-commerce solution into the business operation. They are listed below. There are approximately 70 million people worldwide that have access to the World Wide Web (WWW). No matter what industry or business one is in, one can not ignore 70 million people. To be part of that on-line community, one would need to be on the WWW for them. Because if one doe not do it, ones competitor definitely will. A lot of what passes for business is simply nothing more than making connections with other people. Every smart businessperson knows, it is not what one knows, it is whom one knows. Passing out ones business card is part of every good meeting and every businessperson can tell more than one story how a chance meeting turned into the big deal. Well, what if one could pass out the business card to thousands, maybe millions of potential clients and partners, saying this is what I do and if you are ever in need of my services, this is how you can reach me. One can, 24 hours a day, inexpensively and simply, on the WWW. 3.To Make Business Information AvailableWhat is basic business information? Think of a Yellow Pages ad. What are ones business hours? What does one do? How can someone contact the business? What method of payment does one take? Where is the business located at? Now think of a Yellow Pages ad where one can have instant communication. What is todays special? Todays interest rate? Next weeks parking lot sale information? If one could keep ones customer informed of every reason why they should do business with them, doesnt one think one could do more business? One can on the WWW. Making business information available is one of the most important ways to serve the customers. But if one looks at serving the customer, one will find even more ways to use WWW technology. How about making forms available to pre-qualify for loans, or have ones staff do a search for that classic jazz record ones customer is looking for, without tying up ones staff on the phone to take down the information? Allow the customer to punch in sizes and check it against a database that tells him what color of jacket is available in ones store? All this can be done, simply and quickly, on the WWW. One wont get Newsweek magazine to write up about ones local store opening, but one might get them to write up ones Web Page address if it is something new and interesting. Even if Newsweek would write about ones local store opening, one would not benefit from someone in a distant city reading about it, unless of course, they were coming to ones town sometime soon. With Web page information, anybody anywhere who can access the internet and hears about ones site is a potential visitor to ones Web site and a potential customer for ones information there. Chlamydia (714 words) Essay16.To Test Market New Services and ProductsTied into the reason above, we all know the cost of rolling out a new product. Advertising, advertising, advertising, press release and advertising. Expensive, expensive, expensive. Once one has been on the Web and know what to expect from those who are seeing ones page, they are the least expensive market for one to reach. They will also let one knows what they think of ones product faster, easier and much less expensively than any other market one may reach. For the cost of a page or two of Web programming, one can have a crystal ball into where to position ones product or service in the marketplace. Every kind of business needs the exposure that the media can bring, as I touched on in reason #5 To Heighten Public Interest, but what if ones business is reaching the media, as a newswire, a publicist or a public policy group. The media is the most wired profession today, since their main product is information and they can get it more quickly, cheaply and easily on-line. On-line press kits are becoming more and more common, since they work with the digital environment of more and more pressrooms. Digital images can be put in place without the stripping and shooting of the old pressrooms and digital text can be edited and outputted on tight deadlines. All these can be made available on an e-commerce solution. 18.To Reach The Education and Youth MarketIf ones market is education, consider that most universities already offer Internet accesses to their students and most K-12s will be on the Internet within the next few years. Books, athletic shoes, study courses, youth fashion and anything else that would want to reach these overlapping markets needs to be on the WWW. Even with the coming of the commercial on-line services and their somewhat older populations there will be nothing but growth in the percentage of the under 25 market that will be on-line. 19.To Reach The Specialized MarketSell fish tanks, art reproductions, flying lessons? One may think that the Internet is not a good place to be. Well, think again. The Internet isnt just for computer science students anymore. With the 70 million and growing users of the WWW, even the most narrowly defined interest group will be represented in large numbers. Since the Web has several very good search programs, ones interest group will be able to find ones company, or ones competitors. Ive talked about the power to serve the world with a e-commerce solution. How about ones neighborhood? If one is located in San Francisco Bay Area, the Raleigh NC area, Boston or New York, there is probably enough local customers with Internet access to make it worth ones while to consider Web marketing. A local Palo Alto, CA restaurant even takes lunch orders through the Internet! But no matter where one is, if the big client has Internet access, one should be there too. The following chart illustrates the projected Internet commerce revenue for the next four years. It is categorized by industries. The following chart illustrates the different projected revenues that will be generated online from different research firms. The following chart illustrates the percentage of people shopping around on-line versus the percentage of people making purchases on-line. The chart also illustrates the comparison between 1996 and 2000. After detailed analyzing and studying of the effects and benefits of incorporating an e-commerce solution to an existing business, it is clear that an e-commerce solution will benefit the business in every aspect. The implementation of an e-commerce solution will generate a brand new revenue stream, expand the market exposure, and decrease the operation cost. Many Fortune 500 companies, such as Dell Computer Corp., have already adapted e-commerce into their business operation. As I have mentioned earlier, Dell Computer Corp. is currently generating over 1 million dollars in revenues from their web-site. Many well-known brick mortar businesses are starting to establish their presence on the web. For example, Barnes ; Noble Booksellers, the top book retailer in North America, has just launched their web-site earlier this year following the success of Amazon.com. Amazon.com, the top book ; music seller on the web, has been referred to have one of the most efficient business operation i n the world today. Bibliography:RecommendationBased on the conclusion of this study, I recommend the following:-Every business should implement an e-commerce solution into the business operation. Works CitedE-Commerce Times: Everything You Wanted to Know About Doing Business Online. E-Commerce Times. 1999. . (9 August 1999). E-Marketer, Where Business Begins On-line. E-Marketer. 1999. . (9 August 1999). E-Retail, News and Information for Internet Retailers. E-Retail. 1999. . (9 August 1999). The Electronic Commerce Guide. Internet.coms Electronic Commerce Guide. 1999. . (9 August 1999). Forrester Research: Helping Businesses Thrive on Technology Change. Forrester Research. 1999. . (9 August 1999). Jupiter Communication: Market Research on the Consumer Online Industry. Jupiter Communication. 1999. . (9 Au