Ecommerce is basically known as electronic commerce or e-business. Electronic commerce is a term for any type of business, or commercial transaction, which consists of the buying and selling of products or services by businesses and consumers over electronic systems and involves the transfer of information across the Internet and other computer networks, especially the World Wide Web. This term is often used interchangeably. Most of the people use the term “ecommerce” so that they can describe encrypted payments on the Internet.
ECommerce is the most important feature of the Internet to have emerged in the recent times and becoming more popular. It’s a great technique to buying a business fast and selling of goods and services and also to transfer funds through digital communications.
Use of Ecommerce:
1. We can gather and use demographic data through Web contacts.
2. Ecommerce is also divided into a new term “E-tailing” on web sites with online catalogs.
3. The best use of ecommerce is Electronic Data Interchange (EDI), the business-to-business exchange of data.
4. Business-to-business buying and selling.
5. E-mail and fax and their use as media for reaching prospects and established customers.
The benefits of E-commerce:
The security of business transactions: – It is a very important factor of security to authenticate business transactions, control access to resources such as web pages for registered users, encrypt communications and to ensure the privacy and effectiveness of transactions. Secure Sockets Layer (SSL) is the most widely-used security technology, which is built into both of the leading Web browsers.
Reduce the distance and time.
Increase sales.
Strategic benefits of making a business such as reduce costs by reducing labour, reduce paper work, reduce the cost incurred in the following areas like error detection and correction, reconciliation, credit card machines, mail preparation, data entry, overtime, etc.
Ecommerce is the cheapest way to grow a business online
Ecommerce has provided the solution by decimating the costs, which are incurred.
From the buyer’s perspective also ecommerce offers a lot of advantages.
Help in buying a business or goods very fast.
Reduction in buyer’s sorting out time.
Less time is spent in resolving invoice and order discrepancies.
Increase opportunities for buying alternative products.
This is because of all these benefits that one can harness the power of ecommerce and convert a business to ebusiness and also increase the demand of buying a business online and fast in Ireland.