E-Commerce Categories
E-commerce refers to the process of developing, marketing, selling, delivering, servicing, and paying for products online
Business-to-Consumer: Selling goods or services to individuals
- Subscription
- Content providers
- Transaction brokers
- Service providers
- Portals
Business-to-Business: Selling goods and services to other businesses or nonprofit organizations
- Online retailers
- Liquidation brokers
- Business service providers
Consumer-to-Consumer: Individuals selling to other individuals
- Online auctons
- Social network sites used for e-commerce
Business-to-Government: Performing transactions with the government
- Tax filings
- Tax payments
- Financial reporting to government agencies
Why Use the Internet for Commerce?
- Ubiquity
- Global Reach
- Social Technology
- Universal standards
- Information richness
- Interactivity
- Information density
- Personalization & Customization
Companies must consider...
How to sell, advertise and market on the Internet
How to use the above mentioned features of the Internet to do business
How to include the Internet basics in their business
Advertising and Marketing on the Internet
Advertising: a paid announcement that attracts attention to a product, service, business, person, or idea.
The most successful advertising is directed at a very specific audience
Banner Ads: appear at the top of a Web page
Pop-up Ads: open in a new window
Text Ads: text links that appear within a Web page
Contextual Ads: change based on the viewed content
Sponsorship Ads: often a logo or simple statement
Video Ads: video formatted, appear prior to online videos
Interstitial Ads: appear as visitors browse between pages
Advertorials: paid editorial ads that contain opinions
Classified Ads: description of items for sale or something wanted
Building and E-commerce Business
Management Challenges
- Developing a clear understanding of your business objectives, these drive the plan
- Knowing the right technology to use to achieve objectives, these drive your costs, functionality, and policies
- Value Proposition
- Revenue model
- Market opportunity
- Competitive environment
- Competitive advantage
- Market strategy
- Organizational Development
- Management team
An E-commerce business model uses the unique qualities of the Internet to support the business model