E-Commerce Helps Small Business Leap Ahead of Midsized Competitors!
The
burgeoning e-commerce marketplace will grow to well over $600 billion by 2003,
and industry analysts predict that business-to-consumer online sales will
grow at a pace ten times faster than consumer-based revenues.
Since 1996, we have foreseen this future Internet trend and have been pioneering
the creation of comprehensive cost-effective e-commerce software tools to
assist your success on Internet business development.
About E-Commerce
E-Commerce is electronic commerce, the buying and selling of products and
services by businesses and consumers over the internet. Such a practice has
exploded in the past year alone, as security issues have improved, and more
and more consumers are buying and goods and services online also called ecommerce.
Typically there are four types of ecommerce transactions:
Business-to-business (B2B) -
Business conducted between companies, rather than between a company and individual
consumers, such as Cisco, Commerce One.
Markets can be further categorized into two fields:
· Vertical Marketplace: Marketplace for a specific industry, such as electronics component marketplace, semiconductor marketplace, automobile industry marketplace, etc.
Business-to-consumer (B2C) -
Business conducted between companies and individual consumers, such as Staples,
Gap's Online.
Consumer-to-consumer (C2C) -
Online trading activities conducted between individual consumers only, such
as eBay, Yahoo Auction, Amazon Auction.
Consumer-to-business (C2B) -
Online requesting-for- quotation (RFQ) activities conducted between individual
consumers and business, and allowing consumers to send purchase requests or
quotations (Build-To-Order or Design-To-Order request) directly to business,
such as Dell's Computer, eWanted, eWork.
The attached graphs give you just a hint of the overall
potential that this ever-expanding business revolution holds for companies
like yours. These E-Commerce statistics explain to you why you will need immediate
internet adoption for your business:
