What is e-business? An e-business is essentially a business that is ran on the internet, or a business that utilizes internet technologies, such as computers and communication software. There are two different kinds of e-business, business-to-business, or B2B, and business-to-consumer, or B2C. In this rapidly expanding form of business, there are: virtual stores, data interchanges, emails, blogs, and gathering and using information to expend business. Also, many people have access to the internet and all the information about most business, which helps to increase sales So, e-business is a vital part of most business in todays economy, and helps to expand many business.
E-business requires the use of many technologies, including the internet and computers. These computers are connected to various networks and servers, which are all intertwined together to form the internet. On the internet, there are blogs, online stores, and plenty of information about any business you can think of. Most business now-a-days have websites, which encase all the information about a business in a graphically pleasing and interesting way, in order to attract customers. Most e-business is business-to-business, which enables businesses to buy and sell services and products, and communicate with other businesses over the internet. Business-to-business accounts for approximately eighty to ninety percent of the total e-business activity. Many businesses build corporate websites for doing exactly that. Corporate websites help to increase visibility and provide product and investor information. Marketing websites are very similar, except, they offer more services to consumers in order to sell their products, such as virtual storefronts. Without computers and the internet, it simply would not be possible to conduct e-business, and it just wouldn’t exist.
Business-to-consumer e-business is when business sell services and products directly to consumers over the internet. Many consumers don’t like this type of business, because of security threats. However, with the advent of services like PayPal®, Bill Me Later®, and Google Checkout®, the security with online transactions is much higher now, so most consumers should have nothing to worry about. There are currently over two hundred and eleven million people in the United States that have access to the internet, or over seventy-five percent of all Americans. And sixty percent of those who do have internet access spend over two hours a day online. This means that many people are exposed to all the ads and marketing that companies put out on the web, so business have an extremely wide audience of people they can potentially reach over the internet. Many of those people spend that time reading blogs, reading news, watching videos, or talking to their friends on social networking sites. All the while, they are gaining more and more information about new products, services, or just having fun, but they are subjected to many ads and will more then likely purchase a few things they hear about. In short, since so many consumers are online, they will have the ability to have know more about certain products and services from a wide range of business.
Virtual stores are very popular websites online where consumers can purchase merchandise. The act of a business having a virtual store is called e-commerce. Some large business have virtual stores in addition to regular brick-and-mortar stores, which actually causes increased sales across both stores. The idea behind that is that, many consumers like to find out as much information as they can about the product online, but most would actually want try out, or test, the product in a store before making a purchase decision. Consumers will be more informed on the products they buy and will know what they want, and wont let a sales person talk them into buying a higher priced product. This could actually cut costs, since the business wont have to higher any sales people to help customers, as many customers will be help themselves via the internet. Virtual stores can either accept direct payment via the consumers credit card, or use a more secure transaction through PayPall, Bill Me Later, and Google Checkout. This gives consumers the confidence that their credit card and bank info are safe guarded against identity theft. Also, it makes it easier for consumers to shop online at multiple virtual stores. Some examples of virtual stores are: eBay, Amazon, Apple, Best Buy, and many other retailers. Virtual stores are exactly what they sound like, virtual places where you can buy merchandise, find out information about various products.
(On last page of part 3)