Thread: e-Commerce - Way of doing business on the Net

Today, when one talks of the Internet, e-Commerce invariably comes into picture. The concept of e¬Commerce is similar to commerce, which means transaction/exchange of goods and services for their worth. However, e-Commerce differs from commerce in that it involves selling and purchasing of
commodities and services using a computer network, usually the Internet. '[he main elements of e¬Commerce are listed below.



• Product: To conduct e-Commerce, you must have some product to sell.

• Selling place: In e-Commerce, the place of selling and ordering goods is a website.

• Accessibility to people: This element decides how people would access the website that is hosting e-Commerce,

• How to place orders: The website must have some on• line forms that people can use to place their orders,

• How to accept money from customers: In e-Commerce, credit card is the most convenient and commonly used means of accepting money from customers,

• Delivery mechanism:' The website that is hosting e Commerce must have the provision to deliver commodities to their customers. If the nature of the commodity is such that it can be delivered online, like some music, ebook, images etc" then delivery could be made online, otherwise the website must deliver the commodity manually at the customer's doorstep.