Ecommerce: Ecommerce is the activity of buying and selling of products on online service or over the internet. DISCRIPTION Electronic commerce draws on technologies such as through mobile commerce, Internet marketting, online transaction processing, electronic data interchange, inventory management system and automated data collection systems. TYPES OF ECOMMERCE 1. Business to Business 2. Business to Customer 3. Customer to Customer 4. Business to Government 5. Customer to Business 6. Government to Business 7. Government to Citizens E-BUSINESS MODULS Storefront models Auction models Portal models Dynamic pricing models STOREFRONT MODEL This model is basic form of e-commerce in which buyer and the seller interact directly. EXAMPLE Amazon Storefronts is a new way for small and medium-sized businesses to sell products directly through Amazon. Amazon has established a separate section where it will highlight small businesses, feature curated collections of unique products and provide a platform for an online small business experience. Auction model In an auction model, sellers offer products in an online auction and buyers bid on what they want to buy. The buyer with the highest bid wins the product. Auction sites make their money by taking a percentage of the selling price. Example eBay is one of the most profitable online auction models. On eBay people can buy and sell just about anything. The company collect a submission fee, plus a percentage of the sale amount. PORTAL MODEL Portal model gives the visitors the chance to find almost everything they are looking for in one place. They often offer news, sports, and weather information, as well as the ability to search the web. Example www.hotbot.com; www.about.com; www.altavista.com; www.ask.com; www.yahoo.com; these portals provide users with a shopping page that link them to thousands of sites carrying a variety of products.
Dynamic pricing model
Dynamic pricing or price optimization is the concept of offering goods at different prices which varies according to the customer's demand. The pricing of the commodity can be done on the basis of competitor's pricing, supply, demand conversion rates and sales goals.