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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.

When you are getting started with a new business venture or entrepreneurial effort, the most important thing of all is going to be the manner in which this ?start? occurs; after all, if you get a slow start on your business ? to where it takes a while for you to gain any traction, and takes a while for the money to start coming in ? you may end up in a position where you are having to shut down this business because it is not turning a profit quickly enough, but when you get a fast start out of the gate, you will have a much better chance of continuing to raise this success over the long haul!

One of the first things you will need to realize is the importance of prototyping your business idea before you dump a lot of money into something that may not work; of course, there is no guarantee that anything at all ?will? or ?will not? work ? but when you properly prototype something early on, you will have a much better idea of whether or not this ?something? is something worth continuing to pursue.

Another thing to make sure you understand is that branding your business will be vital ? but this does not mean you need to spend huge chunks of money in order to brand your business; in fact, there are ways these days to brand a business with no money at all, or to brand a business with a small budget ? which will enable you to build your business the right way, without beginning with huge setup costs you now have to worry about recovering.

And finally, you will want to make sure you understand the explosive power of the Internet and start figuring out the ways in which you will be able to take advantage of this yourself; the truth is, the Internet makes it possible for every business to compete on a level playing field with every other business, and when you start tapping into all the opportunities online, you will be able to generate business success in a way you have never dreamed of before!

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Source: http://www.mojavemesa.com/?p=240

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