The Advantages Of E-Commerce To The Small Business Owner Essay

The Advantages Of E Commerce To The Small Business Owner Term paper

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E-Commerce
E-Commerce Table of Contents I. E-Commerce: An Introduction II. History of E-Commerce III. Economic Impact IV. Advantages of E-Commerce V. Disadvantages of E-Commerce VI. The Future of E-Commerce E-Commerce ...
The Advantages of E-Commerce to the Small Business Owner Executives used to imagine their companies as the center of a solar system orbited by suppliers and customers. The Internet is changing that dramatically. Now the customer is becoming the center of the entire business universe. E-commerce relates to that part of e-business that includes transactions that involve money. The larger concept of e-business, however, goes well beyond buying and selling items on the Internet. E-business is about using information, technology,
ecommerce
E - Commerce: An Introduction With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are ...
and resources to conduct business online. The processes of marketing your goods and services to your members, e-tailing, can be compared to a store front where you display products and solicit business from others. Local, national, and international organizations can utilize your products or services just as easily as the person next door. And because the Internet is not constrained by space or time, your competition can come from nontraditional sources. Having and online store means that a small company
Ecommerce
E - Commerce: An Introduction With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few ...
can look big without having to spend big bucks. Steve Solazo, Vice President of small and growing businesses for IBM Corp.’s software division in Somers, NY says, “The Internet can really help small companies improve their competitive posture. If they can move more quickly to make information available to their suppliers and buyers, they can get an advantage over their competitors” ;(McCollum, 34). With the emergence of the public Internet, small firms that can arrange to do business on the
ecommerce
Electronic Commerce Edward Caputo Many new and exciting business and purchasing opportunities are becoming available due to the phenomenal growth of the Internet and peoples ...
Internet stand to win big, since the Internet is supposed to eliminate the middleman by allowing companies to deal directly with their end customers. Recent surveys of small businesses and their owners reveal some intriguing facts. Bill Schumer, national small business banking marketing manager with BANK ONE says, “Small business with fewer than 10 employees account for nearly 80 percent of all U.S. companies (Providence Business News, 19B). According to the United States Small Business Administration, only 30 percent of
Ecommerce
Electronic Commerce Edward Caputo Many new and exciting business and purchasing opportunities are becoming available due to the phenomenal growth of the Internet and peoples interest to save time ...
the nation’s 24 million small businesses accept orders on the Web, and far fewer can process credit card transactions (Tedeschi, C12). Half of small businesses now have Internet access, and about 20 percent have established their own website, according to results of a national survey commissioned by the Small Business Banking Group of BANK ONE CORPORATION (Providence Business News, 19B). A study conducted by the University of Texas reports that the Internet economy generated more than $300 billion in U.S.
Ecommerce
Many new and exciting business and purchasing opportunities are becoming available due to the phenomenal growth of the Internet and peoples interest to save time and money by purchasing goods ...
revenue in 1998. A company may expect to receive more than 50 percent of all revenues via e-commerce in the next two to three years (Richter, 48). The core of e- commerce is between businesses, and this segment is thriving. Business-to-business e-commerce makes up the largest portion of Internet commerce, with sales totaling $8 billion in 1997, according to Forrester Research, a market-research firm in Cambridge, MA (McCollum, 34). Small business owners identified their websites as one of the most
ecommerce
With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not ...
effective tools for generating interest in their small businesses (13%), better than direct mail, radio, television and telemarketing. Only word of mouth (25%) and newspapers (15%) were considered more effective (Providence Business News, 19B). One increasingly popular approach is to offer “all-in-one” ;e-commerce packages, in which merchants pay a nominal monthly fee for software that enables them to build a site that is then hosted by a third party (website hosts) – ;sparing the client the cost of Web servers
ecommerce
With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not ...
and fast Internet connections. For $100 a month, digital entrepreneurs can post their store on Yahoo’s site and offer as many as 50 products for sale. The more products offered for sale, the higher Yahoo’s monthly fee. Yahoo offers a host of additional features. It aggregates orders and sends them via fax to the store owner for processing, encrypts credit card numbers during processing and offers a shopping cart feature, so customers can pay for multiple products at once (Tedeschi,
Ecommerce
With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not ...
C12). If you want to launch a website for your company, you can hire a website hosting company like Yahoo to house and maintain server equipment, or you can start from scratch. If you choose the do-it- yourself route, there are several kinds of servers available that are geared toward small businesses. These include Microsoft’s Internet Information Server 4.0, IBM’s new Netfinity 3000, and Hewlett-Packard’s NetServer E 50. All three servers are priced between $2,000 and $3,500. But buying the
E-Commerce
E-commerce, The Pros & Cons BLAW 202 Commercial Law Ziya Hal Mehmet Emre Uygun Table of Contents I. E-Commerce: An Introduction II. History of E-Commerce III. Economic Impact ...
server equipment is only the beginning. You’ll also need to choose a network infrastructure ;the type you select will depend on the size of your business, how tech-savvy you are and how often you plan to modify your catalogs. Some good midrange packages are Catalog Builder from The Vision Factory, iCat Electronic Commerce Professional Suite 3.0 from iCat, and Microsoft Site Server 3.0 Commerce Edition. These packages cost between $1,495 and $9,995 and include features such as indexing, searching,
Electronic Commerce
Table of Contents Introduction…………………………………………………………………2 History of E-commerce……………………………………………………..4 Economic Impact……………………………………………………………5 Advantages of E-commerce…………………………………………………5 Disadvantages of E-commerce……………………………………………...7 The Future of E-commerce………………………………………………….9 Summary…………………………………………………………………...11 References………………………………………………………………….12 Electronic Commerce Electronic commerce, or e-commerce has developed ...
and a virtual shopping cart (Campanelli, 44). Perhaps the most overlooked aspect of e-business is the potential for decreasing expenses. Companies are finding that developing a full-featured website has the potential to decrease phone calls, shorten transaction time, reduce publishing and mailing costs, and more. Owners report they spend as much time on trips to the bank (18%), inventory (18%) and payroll (9%) as they do on
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