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Ecommerce

Electronic commerce or ecommerce is a term for any type of business, or commercial transaction that involves thetransfer of information across the Internet. It covers a range of differenttypes of businesses, from consumer based retail sites, through auction or musicsites, to business exchanges trading goods and services between corporations.It is currently one of the most important aspects of the Internet to emerge.

Ecommerce allows consumers toelectronically exchange goods and services with no barriers of time ordistance. Electronic commerce has expanded rapidly over the past five years andis predicted to continue at this rate, or even accelerate. In the near futurethe boundaries between conventional and electronic commerce will become increasingly blurred as more and more businesses movesections of their operations onto the Internet.

Business to Business or B2B refers toelectronic commerce between businesses rather than between a business and aconsumer. B2B businesses often deal with hundreds or even thousands of otherbusinesses, either as customers or suppliers. Carrying out these transactionselectronically provides vast competitive advantages over traditional methods.When implemented properly, ecommerce is often faster, cheaper and moreconvenient than the traditional methods of bartering goods and services.

Electronic transactions have been around for quite some time in the form of Electronic Data Interchange or EDI.EDI requires each supplier and customer to set up a dedicated data link(between them), where ecommerce provides a cost-effective method for companiesto set up multiple, ad-hoc links. Electronic commerce has also led to thedevelopment of electronic marketplaces where suppliers and potential customersare brought together to conduct mutually beneficial trade.

The road to creating a successfulonline store can be a difficult if unaware of ecommerce principles and whatecommerce is supposed to do for your online business. Researching andunderstanding the guidelines required to properly implement an e-business plan isa crucial part to becoming successful with online store building.



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