We are in a new world of businesses, nowadays buyers to buy an item (a smartphone, a new car or second hand car, to rent a home, or anything else…), first of all, they will check online shops, web-stores and blogs to find the best item. time is one the valuable investment in modern world. to reach a normal shop and search for item, it takes too much time from your life. time is limited and not refundable !, so that, it is business via electronic ways, yes it is time to do e-business perfectly !
First of all, look at the word e-business, it includes from two words 1- e 2- business so we can define it electronic business however, it is more than an absolute state of a company and it targets the market opportunities of conducting business under new electronic channels, which revolve around the Internet.
What is e Business
There are many definitions of e-business, for example we can defines e-business as any ‘net’ business activity that transforms internal and external relationships to create value and exploit market opportunities driven by new rules of the connected economy. actually the word ‘e’ means electronic so it means business via electronic channels as website, social networks and emails. By running business over internet, so trading will be occurred too, therefore e-commerce is result of e business.
Please click here to see e-business vs Shop
Benefits from e-business
At a glance e-business has benefits for both buyers and vendors as:
- Save time
- The best presentation (With videos, sounds and photo)
- The best price
- No distance exist !
- More customers, more sales
- e-Shops are always open
- Tracing customers for re-trade
- look at review of other customers to trust quality (Reviews is the most important matter in US, Canada and UK and modern countries)
- Cheaper expense to advertising the items
- The fastest way to announce about new products and items in web-store
Costs of e Business
At the first looking at e business, maybe it seems it has a low price to run it. but it could be reverse to million dollars different!.for example if you look at city of Dubai, so you can see some shops that they have many customers daily. if you are interested you can buy that shops with pay its advanced rent and an extra money to its owner. usually you can buy a successful shop in Dubai for 3 millions dollar but if you want to buy a successful online store like Amazon, you should pay more than 700 millions dollar or more.
Real Deal: Amazon offered a bid price of $800 million to buy Souq.com (Online store in Dubai)
To run an e business, you should pay attention to economic rules of country that you want to do it. for example to run an e business in Dubai, you have to follow steps as below:
- Register a company
- If you want to trading any thing or you think to change type of your produtcs at any time, you should register a (General Trading ) type. initial capital in bank for type of general trading company is about 300000 AED (100000 USD)
- Rent a place for office or showroom
- Register a governmental website from www.nic.ae with license document of company
- select products of trading, buy it from vendors and put it in stock ready for sale
- design a perfect website to present your products
- Sell your products online or invite site visitors to visit your showroom in Dubai
Types of e-business
Types of e-business defines on method of relations between office, administration, and consumer. so that, there are types as below:
Ranges of e-Business
This is an acknowledgement that e business comes in many forms and can be implemented to a very small or a large degree. It is also an acknowledgement that the ‘Internet’ is an essential component of an e-business strategy. Laudon and Laudon’s (2002) definition of e-business, as the use of the Internet and other digital technology for organizational communication, coordination and the management of the firm, encompasses these different adaptations. In the broadest possible terms, however, e-business is an electronic way of doing business. The fact that the value proposition of e-business includes the creation of new market opportunities through electronic channels, should not be ignored as these electronically channeled market opportunities enable companies to lower transaction costs, reduce delivery times, improve customer services, and add convenience.
This site is concerned with the implementation of e-business in the construction industry.
In this context, e-business is defined broadly as the conduct of construction business by electronic means.
This fits with broad definitions of the term ‘e-commerce‘ exemplified by the definitions below:
- The Organization for Economic Cooperation and Development (OECD): ‘The electronic exchange of information that support and govern commercial activities including organizational management, commercial management, commercial negotiations and contracts, legal and regulatory frameworks, financial settlement arrangements and taxation‘ (OECD,1999).
- Learnthat : e-Commerce is not just about buying and selling online, but also includes all forms of business activities that are conducted over the Internet (e.g. the business-to-business flow of information between companies or within a company, communication between businesses, online advertising, etc.).
- Kalakota and Whinston: e-Commerce at its grass root level can be described as an electronic method of doing business, typically over the Internet. Broadly defined, however, ‘eCommerce is a modern business methodology that addresses the needs of organizations, merchants and consumers to cut costs while improving the quality of goods and services, and increasing the speed of service delivery’.
Thus, the term, e-business, as used in this site should not be considered synonymous with narrow definitions of e-commerce as the process of buying and selling goods and services online.
Please click here to see:
- Definitions & details of business specifics
- Short Term Financing
- Legal Issues of e business
- Privacy of customers information
It is important to keep it in mind, as business has legal and illegal problems, same way, e business has rules in courts and you should take care of what you offer in your e-stores and how you can support your customers. if your customers get bad quality of products or services and if they feel misleading, so that they will sou you asap.