Ecommerce is the hinge that allows the online business door to swing wide open. E-commerce has grown in importance as companies have adopted pure-click on and brick-and-click channel systems. We can distinguish pure-click on and brick-and-click channel system adopted by companies. Another issue arises from conflicting courtroom orders. At one level in time, the Madras High Courtroom had banned the online sales of medicine via e-pharmacies altogether — a judgement that was later reversed.
B2B or Business to Business is used to companies that create e-Commerces to sell merchandise to other companies. Normally, it’s used to sell raw materials corresponding to an auto components store. 2002: eBay acquires PayPal for $1.5 billion. 22 Niche retail companies Wayfair and NetShops are founded with the concept of selling products via several targeted domains, rather than a central portal.
These are sometimes called business-to-administration (B2A) sales. They happen when a private firm exchanges items or services with a public agency. Often a business contracts with a public organization to hold out a mandated service. For instance, a custodial agency may bid online for a contract to clean the county courthouse, or an IT agency may reply to a proposal to manage a city’s computer hardware.
In the United States, certain electronic commerce activities are regulated by the Federal Trade Fee (FTC). These activities include the use of commercial e-mails, online advertising and consumer privateness The CAN-SPAM Act of 2003 establishes nationwide requirements for direct marketing over e-mail. The Federal Trade Fee Act regulates all types of advertising, together with online advertising, and states that advertising should be truthful and non-deceptive. 29 Utilizing its authority under Section 5 of the FTC Act, which prohibits unfair or deceptive practices, the FTC has brought a number of cases to enforce the promises in corporate privacy statements, together with promises about the security of consumers’ personal data. 30 As a result, any corporate privacy policy related to e-commerce activity may be subject to enforcement by the FTC.
Now that you’ve identified a niche and business model, you may be tempted to start hunting for merchandise to sell. The choice of product you’ll sell can be each the first step of creating your e-Commerce or the last however it’s definitely one of the most vital since it is going to influence the distribution and logistic stages.
Now that you have sufficient background about ecommerce, it’s time to have a look at some real world examples of ecommerce success and failure stories. Check them out below, learn from their examples, and see what you’ll be able to apply in your business. One of the factors that let people more insecure when shopping online is because they do not take” the product home proper after they pay for it, with the exception of digital products, which might be accessed from the moment payment is approved.
Wide availability. Amazon’s first slogan was Earth’s Biggest Bookstore.” They may make this claim because they were an e-commerce site and not a physical store that needed to stock each e book on its shelves. E-commerce enables manufacturers to make a wide array of merchandise available, which are then shipped from a warehouse after a purchase is made.