E - Commerce and M - Commerce by Rukshi Rasheed https://padlet.com/fathimasanamr/7bc4up3s51txph1h Ruwanpura National College of Education | MR.Rukshana Begum | F/1795 | 1H en-us 2020-05-13 22:56:20 UTC 2025-01-06 04:43:24 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/579045352/6696ae97772ace07fe510484d0e2d189/download.jpg fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571374073 Whereas e-business refers to all aspects of operating an online business, ecommerce refers specifically to the transaction of goods and services.

The history of ecommerce begins with the first ever online sale: on the August 11, 1994 a man sold a CD by the band Sting to his friend through his website NetMarket, an American retail platform. This is the first example of a consumer purchasing a product from a business through the World Wide Web—or “ecommerce” as we commonly know it today.

]]> 2020-05-13 23:00:34 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571374073 E-Commerce fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571375365 Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.]]> 2020-05-13 23:01:48 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571375365 Types of Ecommerce Models fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571379954 2020-05-13 23:06:14 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571379954 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571394502 2020-05-13 23:20:03 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571394502 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571394792 2020-05-13 23:20:22 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571394792 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571395109 2020-05-13 23:20:43 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571395109 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571395382 2020-05-13 23:20:59 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571395382 Examples of E-Commerce fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571403063
  • Amazon
  • Flipkart
  • eBay
  • Fiverr
  • Upwork
  • Olx
  • Quikr
]]> 2020-05-13 23:28:39 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571403063 Advantages of E-Commerce fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571411941
  • E-commerce provides the sellers with a global reach. They remove the barrier of place (geography). Now sellers and buyers can meet in the virtual world, without the hindrance of location.
  • Electronic commerce will substantially lower the transaction cost. It eliminates many fixed costs of maintaining brick and mortar shops. This allows the companies to enjoy a much higher margin of profit.
  • It provides quick delivery of goods with very little effort on part of the customer. Customer complaints are also addressed quickly. It also saves time, energy and effort for both the consumers and the company.
  • One other great advantage is the convenience it offers. A customer can shop 24×7. The website is functional at all times, it does not have working hours like a shop.
  • Electronic commerce also allows the customer and the business to be in touch directly, without any intermediaries. This allows for quick communication and transactions. It also gives a valuable personal touch.

]]> 2020-05-13 23:37:39 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571411941 Disadvantages of E-Commerce fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571421936
  • The start-up costs of the e-commerce portal are very high. The setup of the hardware and the software, the training cost of employees, the constant maintenance and upkeep are all quite expensive.
  • Although it may seem like a sure thing, the e-commerce industry has a high risk of failure. Many companies riding the dot-com wave of the 2000s have failed miserably. The high risk of failure remains even today.
  • At times, e-commerce can feel impersonal. So it lacks the warmth of an interpersonal relationship which is important for many brands and products. This lack of a personal touch can be a disadvantage for many types of services and products like interior designing or the jewelry business.
  • Security is another area of concern. Only recently, we have witnessed many security breaches where the information of the customers was stolen. Credit card theft, identity theft etc. remain big concerns with the customers.
  • Then there are also fulfillment problems. Even after the order is placed there can be problems with shipping, delivery, mix-ups etc. This leaves the customers unhappy and dissatisfied.
]]> 2020-05-13 23:47:27 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571421936 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571425266 2020-05-13 23:50:35 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571425266 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571425732 2020-05-13 23:51:01 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571425732 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571425939 2020-05-13 23:51:13 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571425939 Mobile Commerce (M-Commerce) fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571429787 2020-05-13 23:54:49 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571429787 Applications of M-commerce fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571433081
Other than the straightforward m-commerce transactions of buying and selling of goods and services, they have so many applications. Let us take a look at a few examples,

  • Mobile Banking: Using a mobile website or application to perform all your banking functions. It is one step ahead of online banking and has become commonplace these days. For example, in Nigeria, the majority of banking transactions happen on mobile phones.
  • Mobile Ticketing and Booking: Making bookings and receiving your tickets on the mobile. The digital ticket or boarding pass is sent directly to your phone after you make the payment from it. Even in India now IRTC and other services provide m-ticketing services.
  • E-bills: This includes mobile vouchers, mobile coupons to be redeemed and even loyalty points or cards system.
  • Auctions: Online auctions having now been developed to be made available via mobile phones as well.
  • Stock Market Reports and even stock market trading over mobile applications.

]]> 2020-05-13 23:57:55 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571433081 Advantages of M-commerce fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571435681
  • It provides a very convenient and easy to use the system to conduct business transactions.
  • Mobile commerce has a very wide reach. A huge part of the world’s population has a mobile phone in their pocket. So the sheer size of the market is tremendous.
  • M-commerce also helps businesses target customers according to their location, service provider, the type of device they use and various other criteria. This can be a good marketing tool.
  • The costs of the company also reduced. This is due to the streamlined processes, now transaction cost, low carrying cost and low order processing cost as well.
]]> 2020-05-14 00:00:24 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571435681 Disadvantages of M-commerce fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571438834
  • The existing technology to set up an m-commerce business is very expensive. It has great start-up costs and many complications arise.
  • In developing countries, the networks and service providers are not reliable. It is not most suitable for data transfer.
  • Then there is the issue of security. There are many concerns about the safety of the customer’s private information. And the possibility of a data leak is very daunting.
]]> 2020-05-14 00:03:19 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571438834 Differences between e-commerce and m-commerce. fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571442104
  • E-commerce came into existence in the 1970s. Whereas, M-commerce was invented later during the 1990s
  • Electronic commerce has a narrower reach than M-commerce, due to a large number of mobile users globally.
  • E-commerce is generally a less costly method. The set up of the website and the use of the internet is both relatively cheaper methods. M-commerce, on the other hand, is more expensive due to the creation of the mobile app and the need to use cellular data (for the customers)
]]> 2020-05-14 00:06:26 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571442104 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571453881 2020-05-14 00:18:19 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571453881 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571454207 2020-05-14 00:18:40 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571454207 fathimasanamr https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571454391 2020-05-14 00:18:52 UTC https://padlet.com/fathimasanamr/7bc4up3s51txph1h/wish/571454391