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e-Business Features

The consumer is king. This statement is especially true in the e-business realm. For instance, if you were to visit an offline bookstore to do your holiday shopping, you might browse through the aisles for a few hours, pick out a few books you wanted to buy, and take them to the cashier to pay for them. If you asked the cashier whether the bookstore offered gift-wrapping or shipping services, the response from the vendor would probably be “no, we don’t provide those services.” You would be satisfied with this and make the purchase anyway. You would then take the gifts home, wrap them, and ship them to their various destinations. If you are making the same gift purchases in an online bookstore, you expect to be able to have them gift-wrapped and delivered to any address you desire. It defeats the purpose somewhat if you have to pay to have the books
delivered to your address, only to turn around and pay to ship them someplace else. If you are purchasing the books as gifts, you want to have them gift-wrapped. Again, it defeats the purpose if you have to have the books sent to your address so that you can gift-wrap them and then reship. Online it’s a whole different world. Consumers have higher expectations. Often they shop online for the convenience and expect the online merchant to meet all their needs. Consumers expect the online merchant to deliver what they want, when they want it, and how they want it. If you don’t provide what they want the way they want it, another vendor is just a click away.
Not all possible features of an e-business site are applicable to every business, but if you intend to be competitive online, you must give your consumers what they are looking for. You might have something they want, but if they cannot conduct transactions easily on your site and competitors offer more point-of-sale service, people will leave your site and shop at another site that is easier to buy from. This section focuses on some possible e-business features that you might want to include on your site. Decide which features are most applicable to your business and implement them into your e-business system. I will explain all detailed e-business features that you might want to include on your site.
Just wait my next posting...

Doing Business Online

The term e-business means different things to different people. To some, e-business is simply having a Web site and e-mail capability through which customers can place an order, request a quote, or make a reservation. For other people, e-business is having a Web site that enables customers to order and submit their credit card information online, even though their orders may then be processed manually just like a fax or telephone order. For others still,e-business means being able to place a secure online order, having immediate credit card verification, and having fully integrated back-end systems that are dynamically updated and inform the customer of the latest prices and whether or not an item is in stock. The point is, the appropriate e-business solution for you will depend on the type of business you operate, the products and services you intend to sell, your budget, your target market, what your competition is doing, and so on.For instance, a software development company that sells a downloadable software application (i.e., has no physical boxed version) has no inventory per se. Therefore, they would not require a back-end inventory database to be integrated with their e-business system. All they might need is an e-business system that includes payment processing capability. On the other hand, if you have an online business that intends to sell books and you want to become the next Amazon.com, you will require a full-blown, full-featured e-business system to compete with the Amazon.coms of the world. Otherwise, potential customers will shop at Amazon.com because their e-business system is more convenient and easier to use. In my next posting, we will discuss the features of e-business sites, online storefront options, taking online payments, and selecting the right e-business model for your online business. See you later, Guys.

Internet Business—The Opportunity of Our Lifetime

Communicating with customers and other businesses has changed dramatically over the past century. It started with print, then radio, television, phone,and fax, and now all of us are operating in the fastest medium yet—the Internet. The future is bright for businesses that utilize the Net as a primary medium of communication and sales.The number of Internet users and the amount of business done online around the world is growing at a staggering rate. The world’s population currently holds well over 1 billion Internet users, and the majority of these web-savvy humans have online access at home. They research, study, e-mail, chat, down-load podcasts, and shop online.Why question the amazing rate at which the average business is moving onto the Net? It makes too much sense to deny the obvious answer. Having a business online is the opportunity of our lifetime. Besides the greatly expanded market reach afforded by the Net, there is also the reduced cost of doing business online. Look at all the time, money, trees, and travel costs that are spared from the average business’s operating budget due to this new medium. The collective business world realizes the bounty of opportunity to be seized in cyberspace.All businesses that have a Web presence are seeing the advantages of selling online. They are committing more and more of their marketing dollars to on-line activities, where they are seeing a greater return on investment.Expansion of the Internet into all business and personal communications is inevitable. What was once considered a trend is becoming the norm. Overall familiarity and trust in online transactions and consumer relationships improve each month as new security-based technologies are developed. New media sup-port groups hasten the learning curve of the average Internet user, a factor that earlier had hindered the speed at which consumers feel confident enough in their own understanding of the Web to make money-related decisions based on their own online research. The time is now for everyone to get online. In our lifetime, “newbies” will cease to exist.
The future is really bright, so put on your shades and a thinking cap! Hot items are software, music, books, electronics, and travel. Broadening the gamut of goods sold online will happen quickly.The opportunity is there for you to create a dynamite business online if you do it right. It’s not a matter of throwing a Web site together, putting it online,and having the world beat a path to your door. You have to choose the right business, develop the right Web site for your target market, and build substantial traffic to your Web site. The online customer is extremely demanding, with expectations that exceed those of the off line buyer in many ways. Online buyers want what they want, how they want it, when they want it, at the right price. The product and service must be exactly what they ordered, delivered immediately to the correct place and for the lowest price they can find. Competition is fierce, so you have to create a professional and secure online presence for your business, target the demographic of Internet users with an affinity for your product or service, and work diligently to attract traffic. Serious marketing research is required to successfully access and captivate these eyeballs.It’s a challenge, but the opportunity is substantial. Many who have gone before you are reaping the benefits today. This website will provide you with a myriad of online business ideas for your consideration.