Tina L Douglas asked:
Ever wonder why the World Wide Web is still a growing industry despite the recent downfall in the economy? That why on earth many are still earning over the Web despite the obvious Recession? I mean, even major worldwide companies had to close down because of it.
Well, it’s obvious that business over the internet are booming and still growing by the minute. So what’s the rave all about? It’s called eCommerce.
You might have heard about eCommerce once in awhile, but have you even considered it? Before anything else, let’s first know a little more about eCommerce. eCommerce is technically business ran through the use of the Internet. Generally speaking, the use of the internet ain’t the only technology that brings eCommerce to life, but it is undeniably part of the whole process.
To make things clearer, eCommerce can be better understood as the buying and selling of different products and services with the use of the Internet and other forms of technology. In short, internet is its center for transaction.
How does it work? eCommerce can consists of the following:
• Internet Marketing- consists of product over-all packaging and marketing it all over the Internet, where you can target consumers and potential consumers
• Online Transaction Processing- it is when consumers put bids or orders for your product
• Electronic Data Interchange- when the order has been made, information’s are exchanged between the buyer and the provider such as personal information & credit card number.
• Electronic Funds Transfer- the mode of payment that has been agreed upon by both parties
There are other factors that contribute to the whole process of eCommerce like the actual shipment, and Inventory’s on the part of the Providers. As mentioned, there are other forms of technology that aids in making eCommerce possible, like the use of credit cards, ATM’s, & Telephone Banking.
eCommerce success can be attributed to the growing trend of the widely used Internet service. We are indeed undeniably living in a world where everything is run by the World Wide Web- where everything is literally just one click away.
But there is still the unquestionable hesitation looming in the air. We can’t blame people from shying away from this trend. The Internet- is and still will be- an unsecured world. There is always the question of security when it comes to the World Wide Web- it is still considered an Imperfect Technology after all.
The non-stop problems arising from identity theft is only but one problem that raises concern among consumers. When it comes to eCommerce, it’s no question that in order to make the transaction possible, certain personal information are needed to be divulged for it to be successful. And that, in itself is a problem. There is no assurance that your information would stay confidential. Today, in a world where almost everything is virtual, even criminals are adapting to the change.
But despite the haters, eCommerce is indisputably a successful venture for businesses, and is still a growing industry today and in the years to come.
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Ever wonder why the World Wide Web is still a growing industry despite the recent downfall in the economy? That why on earth many are still earning over the Web despite the obvious Recession? I mean, even major worldwide companies had to close down because of it.
Well, it’s obvious that business over the internet are booming and still growing by the minute. So what’s the rave all about? It’s called eCommerce.
You might have heard about eCommerce once in awhile, but have you even considered it? Before anything else, let’s first know a little more about eCommerce. eCommerce is technically business ran through the use of the Internet. Generally speaking, the use of the internet ain’t the only technology that brings eCommerce to life, but it is undeniably part of the whole process.
To make things clearer, eCommerce can be better understood as the buying and selling of different products and services with the use of the Internet and other forms of technology. In short, internet is its center for transaction.
How does it work? eCommerce can consists of the following:
• Internet Marketing- consists of product over-all packaging and marketing it all over the Internet, where you can target consumers and potential consumers
• Online Transaction Processing- it is when consumers put bids or orders for your product
• Electronic Data Interchange- when the order has been made, information’s are exchanged between the buyer and the provider such as personal information & credit card number.
• Electronic Funds Transfer- the mode of payment that has been agreed upon by both parties
There are other factors that contribute to the whole process of eCommerce like the actual shipment, and Inventory’s on the part of the Providers. As mentioned, there are other forms of technology that aids in making eCommerce possible, like the use of credit cards, ATM’s, & Telephone Banking.
eCommerce success can be attributed to the growing trend of the widely used Internet service. We are indeed undeniably living in a world where everything is run by the World Wide Web- where everything is literally just one click away.
But there is still the unquestionable hesitation looming in the air. We can’t blame people from shying away from this trend. The Internet- is and still will be- an unsecured world. There is always the question of security when it comes to the World Wide Web- it is still considered an Imperfect Technology after all.
The non-stop problems arising from identity theft is only but one problem that raises concern among consumers. When it comes to eCommerce, it’s no question that in order to make the transaction possible, certain personal information are needed to be divulged for it to be successful. And that, in itself is a problem. There is no assurance that your information would stay confidential. Today, in a world where almost everything is virtual, even criminals are adapting to the change.
But despite the haters, eCommerce is indisputably a successful venture for businesses, and is still a growing industry today and in the years to come.
Free Quote
