The manufacturers, distributors, suppliers and services providers let the consumers know about their products quality, price, size, color etc. Hom also contributed to this article. It helps to globalize retail trading. Additionally, many customers want to experience the product before purchase, especially when it comes to clothing, but e-commerce eliminates that luxury. Even if your goods or services have broader appeal among businesses, the pool of companies is diminished because many have established supplier networks.
After the seller realizes the amount for the goods order he dispatches the goods. Some concerns don't necessarily fit in just the pro's or con's side of the argument—these unique issues present an advantage to shoppers and consumers while increasing difficulty for businesses, meaning that while more customers might be coming to the shop, the business is suffering in another way. But this type of e-commerce is not very common at least in India and the business is negligible. Jingwen Li, dean of School of Economics and Management at Beijing University of Technology for his supervision. The goal of customer relationship marketing is to develop loyalty between a particular brand or company and a targeted customer base.
This requires B2B sellers to retain a level of flexibility in both product development and production not typically seen in B2C businesses. Website can be opened any time. My sincere appreciation goes to Prof. The typical sales process in B2B demands considerable face time, often multiple meetings, and gets driven by quantifiable factors, rather than the qualitative and emotional factors that drive sales in B2C. An article in the online publication The Daily Ranger examines this a little further.
These sites produce millions of dollars in sales every day. The intermediary promotes goods and services through distribution channels, and gives individuals promotional, logistic and technical expertise. As it happens in every society, there are successes and setbacks. Figure 1 shows two customers customer 1 and customer 2 and a website providing the space for advertisement. You sell to the businesses that then sell to customers. The types of selling through the use of internet and other electronic devices can be of following types: 1.
Consumer-to-consumer e-commerce: An Emerging Stream of Research. One of the main factors is a reduction in costs. However, it is important that both the seller and the buyer register with the auction site. E-commerce is good for branded products like automobiles, electronic goods, computers, electrical goods, branded garments, branded food products, music, books etc. However, C2C figures of popular C2C sites such as eBay and Napster indicate that this market is quite large.
The websites are available beside for goods for direct selling, context selling, financial and other services such as hospitals, education, training, advertisements, property, entertainment, product demonstrations, bill payment, exchange and all other services which one can think of. Examples of personal items are handmade gifts, personal artwork, clothing design, and collectables. The primary benefit which consumers get is reduction in cost as compared to buying space of their adds on other ecommerce sites which seem to be quite expensive. The disadvantage of B2C selling is the consumer base is large and segmented. B2C The advantage to B2C selling is you are targeting a vast and varied market. Another disadvantage is that these types of sites are known for scams, swindles, and people with ill-business intentions.
These contracts allow you to plan revenue budgets with accuracy. The figure below shows the e-commerce C2C, B2C market size. It's important, then, for businesses to look beyond the hype and develop their own perspectives on the true value of e-commerce—to business and to consumers—because interestingly, there are many advantages for consumers that might actually be a disadvantage for e-commerce businesses. They do not share the transaction information which may be via credit or debit card or internet banking. Security and credit card fraud are also huge risks when dealing with online shopping—consumers run the risk of identity fraud and other hazards as their personal details are captured by e-commerce businesses while businesses run the risk of phishing attacks and other forms of security fraud; both can suffer from credit card fraud. Businesses must also capture market share from other small vendors, many of which offer identical or nearly identical products or services. The oldest auction house is Stockholm Auction House which was established in Sweden in 1674.
For example, the intermediary could be a company looking to fill a job through a referral hiring site, a company seeking to advertise online through Google Adwords, or a company that needs individuals to take surveys and provide market research. A well-known example is eBay. On top of eliminating the need for long lines at physical stores, e-commerce sites allow people who are not situated in major urban areas access to stores located remotely. Until perceptions regarding eCommerce security change, those perceptions will remain a limiting factor for eCommerce. As yet satisfactory system of payment has not been developed by banks and financial institutions in large number of countries.