Can e-commerce make – money learn how to make money with e-commerce moreover E-commerce offers significant advantages for companies:
- The opportunity to compete with all competitors.
- Cost reduction.
- more effective administration.
- Possible adaptation of an existing however business model to online commerce.
- Reach new customers.
Any company therefore can benefit from this type of business. To be included, it’s essential to integrate electronic therefore commerce into a web page by adapting an existing one, or creating a new one, with online payment.
TUESDAY: Examples
Big enterprises
RS Components opened online in 1998. It is the most crucial European distributor of electronic components and medical devices… that it’s to say It is famous for its extensive catalogue and for delivering orders the next day worldwide.
Medium Businesses
Mathmos won the Yell Award for Best Business Website in 1998. This one differs in many areas: colours, innovative designs, bilingual… The website allows you to sell your specialised products to a broader audience.
Small businesses
CodeBase sells Java applets that you design. It only exists online, offers its products within hours of an order, receives instant payments, and provides constant support.
WEDNESDAY: Payment systems
Credit cards: the credit or debit card verified, and the funds automatically transferred, protected by a security system.
NetBanx – A system that added to a company’s existing website as an order payment system.
WorldPay: a system that accepts single or multiple currencies, credit and debit cards, micropayments and transactions between companies.
- Digital money: has been used as a generic term to describe all types of electronic currency.
Barclays bank allows you to accept reduced payments, which add up to a maximum, to avoid credit card charges. - Micropayments: offer a means of making small payments in exchange for information.
Millicent manages transactions valued between 0.1 and 5 dollars. It uses electronic tokens called scrip, which are like coins, and customers buy the scrip using a credit card, so they can be exchanged for content when they visit various web pages. - Smart cards: same appearance as credit cards but have a chip that allows the owner’s information to be stored. You can load with cash and then pay in a traditional or online store.
THURSDAY: Electronic portals
Microsoft Site Server Commerce is a complete set of hardware and software tools that enable medium and large businesses to create an effective e-commerce website. It provides a flexible means of organising a company’s processes.
HomePage Creator (IBM) allows you to create a web page that enables e-commerce using templates and an IBM location service. Perfect for new businesses and small businesses.
Net. Commerce START (IBM) offers a wizard, secure payment system and helps the server locate itself on the Internet quickly.
FRIDAY: Security
however An online store must guarantee security to customers and itself and generate trust to increase sales.
Thanks to encryption, therefore transactions must be secure, moreover private, and information confidential.
that is to say Secure connection (SSL) so that third parties do not access confidential data.
Firewalls allow you to block access to unwanted visitors.
SATURDAY: Logistics
There are two ways to deliver products and services to customers:
- By traditional means of transport through outsourcing(FedEx)
- On the Internet, where itis sold and delivered (more effective and cheaper).
SUNDAY: To keep in mind…
The taxes will be the same to pay as in a traditional store.
Copyright is used as a method to protect creations from copies. We also consider electronic contracts, which have the same validity as electronic contracts. However, even though the Internet is a global market, the laws of different countries must continue to considered.
It is essential to protect customer rights in electronic commerce. that is to say For this, the United Nations created the Distance Selling Directive.
CONCLUSION
Although the book is from 2002 and is outdated since electronic commerce has developed considerably in the last 5-10 years, it provides much information to get started in an online transactions.
Also Read: How To Maximize Company Tax Deductions
