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E-Commerce has affected others aspects of technology and business

Economics

E-Commerce has affected others aspects of technology and business. Explain the impacts of E-commerce on work routine, communication and marketing  

2.You have been asked to give a talk on different categories of electronic commerce to procurement and logistics managers in organizations in Kenya. Suggest what you will include in your talk

3.Illustrate a step by step strategy of turning a clothes retail shop to a purely e-commerce cloths Retails shop then to a purely e-commerce cloths retail online

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Answer 1) :-

Impact Of E- Commerce on technology and business

Since the last twenty years, the e-commerce business is growing considerably. it's thanks to the upper client interest, participation, and increased demand. during this time the B2C e-commerce was gaining the speed with B2B e-commerce and this trend is constant everywhere the globe and it'll be seen in coming back years. And the most important thing it that technology is that the power. behind the evolution and existence of B2B and B2C E-commerce business. because the technology dynamic the transactions between the business and client, the buyer is accessing numerous tools to estimate costs, notice alternatives, stores and acquire coupons.

Ecommerce has affected businesses completely and negatively. On the one facet, ecommerce makes it easier for businesses to achieve a way wider audience at less expense than would be needed if the standard retail methodology was to be applied. With ecommerce, there's no demand to accumulate valuable retailers in high streets. you'll manufacture or store your product at a foreign interior location and still advertise and sell them worldwide. whereas the value of developing a decent web site is also substantial, it's {much cheaper|less valuable} than rental expensive main street storefronts. in addition, once you've got your web site operational, you'll reach a large shopper base. consecutive factor is to {make sure|to confirm} that you simply have access to acceptable means that of transporting product to customers United Nations agency make orders.

On the opposite hand, established enterprises, most of that square measure vertically integrated square measure finding it tougher than before to retain their market share. additional versatile competitors square measure getting into the market historically dominated by these established corporations, creating competition fiercer than ever. to stay relevant, old skool corporations square measure having to regulate to the new technologies and incur cost in developing new capabilities. Blockbuster, a number one video rental and franchise within the world had enjoyed a few years of success. However, Netflix, associate degree ecommerce based mostly firm entered the market and took away a substantial market share from Blockbuster that was forced to readopt its business model to supply ecommerce services. Another model of however ecommerce is dynamic the business landscape is Amazon.com that grabbed a considerable market share from ancient booksellers forcing them to begin commercialism on-line likewise.

Impact Of E-Commerce On Daily Routine

Today each one people is aware of E-Commerce implies electronic commerce. E-Commerce primarily means that to shop for, sell and exchange merchandise, services, and data through laptop networks. On associate degree E-Commerce platform, someone will wear down customers round the world. individuals perform shopping for and marketing of products and services over the net. Even payments may be created victimization credit cards. For its ease and ease E-Commerce has instantly become well-liked.

It’s common to ascertain individuals disbursal their time daily a lot of on the net for business, marketing, recreation work, study, and learning. currently a day’s all the business and social activities square measure connected to the net. And while not E-Commerce, the globe round the net is not possible and impossible. For this reason, E-Commerce has become vital in our lifestyle.

As E-Commerce is that the demand of modern world, businesses, customers, and nations, in an exceedingly few years time it'll become mandatory to use for any group action. have you ever ever questioned what's the rationale behind it why is E-Commerce in most demand?

E-Commerce being the net shopping for and marketing method is that the primary reason behind the expansion of net user. E-Commerce for the net is as vital as a heart is for a body. loads of reasons gift for patrons nowadays like looking on-line embrace convenience, value comparisons, no crowds at stores, no want for physical travel, and gifts to our white-haired ones a lot of simply. in step with a report, worldwide e-commerce sales square measure expected to grow to four Trillion bucks by 2020.

Impact Of E-Commerce On Marketing

Marketing is one in every of the business operate most dramatically stricken by rising data technologies. corporations will use the online to supply in progress data, service and support, making positive interaction with customers which will function the muse for future relationships and encourage repeat purchases. Even cyber searching permits customers to sit down within the comfort of their homes and buy their merchandise. One will search any quite product or service within the middle of the night and from any a part of the globe.

During the agricultural economy, in all probability the term selling wasn't used for interchange agricultural merchandise or sale of different things. however folks engaged within the method of exchanging merchandise and services used the barter system, during this system, consumers and sellers knew one another and there was mutual dependence on one another for survival throughout this era. The essence of barter system is summarized as follows:

Buyers and sellers knew one another.
They operated on mutual co-existence principles
There was no dominance relationship.
There was a high level of loyalty among the sellers and consumers.

During the commercial age the selling term was coined to indicate the requirement for identification and satisfaction method. during this system manufacturers/sellers failed to have a face to face interaction with customers, that junction rectifier to issues for producers in understanding client wants. To avoid this downside marketers square measure exploitation completely different tools like advertising, marketing and E-commerce to use the gullible customers.

Answer 2) :-

I will include in your talk Following Things :-

As associate degree businessperson, getting in ecommerce may be a important step towards growing a business and increasing profits. For people who area unit simply beginning a business, ecommerce will probably be the muse of a profitable company. Whichever you're, understand that ecommerce isn't merely golf shot up your merchandise on-line and hoping for the most effective.

There is an honest little bit of strategy that goes into creating it work. Understanding however ecommerce will have an effect on a business is crucial in creating it successful.

Before you dig deeper into the strategy, here’s a good browse, if you would like to be told a way to use email selling for ecommerce.

If you’re wanting to induce into ecommerce, there's definitely no higher time than currently. With a public that has been obtaining additional and additional accustomed to the employment of ecommerce to avail of assorted merchandise and services, we tend to area unit reaching to see additional wonderful things through ecommerce for each entrepreneurs and shoppers.

Want to be told additional concerning however you'll created and scale your ecommerce business? Then cross-check this comprehensive guide, from the team at Foundr. It goes over many vital topics like choosing the merchandise, selecting company emblem, or fixing the client service. You’ll positively get pleasure from it.

Answer 3) :-

Interested in beginning your own on-line article of clothing store? Well, you’re in luck, as a result of now’s the right time to try to to it!

Owing to the rising quality of ecommerce, easy-to-use tools that build beginning an internet article of clothing business less complicated than ever.

Drop shipping services like Printful, ecommerce platforms, and on-line promoting tools will assist you established an internet article of clothing store with least resources, however you’ll conjointly would like dedication to form it winning.

Following area unit the Steps For strategy of turning a garments retail look to a strictly e-commerce cloths Retails look :-


1. notice your niche

Every business contains a audience, therefore confirm to try to to your preparation and choose on a distinct segment. the higher you recognize your customers and what they like, the higher your probabilities of making merchandise they require.

You’re planning to be dedicating loads of your time into your store, therefore confirm it’s one thing you actually need to pursue.

Equally vital, you've got to grasp why you’re doing this:

Is beginning an internet article of clothing business one thing you’ve invariably wished to try?
Do you desire there’s a product you’d prefer to see on the market however haven’t found yet?
Are you aching to place your talent to the test?
Do you would like to begin a amendment with what you’re doing?
Are you trying to form a bit more money on the side?
Bottom line is, everything you are doing, from your merchandise to your motivation, should be you – authentic and organic. If you won’t be able to justify your reason for beginning your line, who will?

A few words on credibility —

Let’s take a quick philosophical pause and remark what “authentic” means that. within the words of flick director Jim Jarmusch, “Nothing is original. Steal from anyplace that resonates inspirationally or fuels your imagination.” That doesn’t mean you'll act and place a Andy Warhol on a jersey, that’ll raise some hassle with copyright law. What meaning is, be good regarding obtaining impressed. If you imitate sagely enough, you'll find yourself with one thing much better than the first.

2. Be able to commit

There will invariably be one thing you'll do to boost your store, therefore confirm you recognize what you’re stepping into.

This is what it's like on the surface: you’re driven, the artistic juices area unit flowing,you’re sketching away into the wee hours of the morning, fiddling with patterns and mixing colours. Beautiful.

Just bear in mind – a article of clothing line isn’t simply an inspired outlet, it entails a good deal of labor and many of risks and rewards. There’s a nonstop disruption list, here area unit just a few of the entries:

Deciding what merchandise to sell
Creating new styles
Promoting your merchandise on social media
Responding to customers’ emails to achieve their trust
Planning a business strategy
Hiring a assistance
Dealing with technical problems
So running an internet store, however worry not. With the correct angle, the sole thanks to go is up.

Already you'll see that though they are going hand in hand, there area unit planning to be 2 facets to your article of clothing line – the artistic facet and therefore the business side. To get on prime of your game, you’re planning to need to do some research, ascertain WHO your competition is, and outline however you’re planning to build profit whereas limiting your expenses. There area unit loads of elements that come in beginning a business therefore grasp what to expect and be ready.

You could be cut resolute play each elements, the magic and therefore the cash, otherwise you might be more happy protrusive to simply one, within which case you would like to seek out somebody trustworthy to fill within the blanks. the sole thanks to grasp is to check the waters and see what works.

3. established your store

There’s many choices to be created once it involves putting in place an internet store. the primary one being – why go surfing at all?

To answer this question, let’s investigate a couple of figures.

Although the battle between on-line and offline searching remains on, on-line searching is turning into more and more fashionable – four in five Americans build an internet purchase monthly, and it's reported that fifty one of american citizens like on-line to in-store searching.

So, web searching remains a robust force and it’s currently moving to mobile devices. Mobile commerce – mcommerce – currently makes up sixty three.5% of all world ecommerce transactions, and is projected to continue increasing. That’s why consequent step for ecommerce retailers is to form certain on-line searching is simple on any device.
But there area unit still professionals ANd cons to beginning an ecommerce business.

Pros to a web shop:

No rent, no utility bills, and no employees – good for your debut and fewer of a risk and money burden.
Building your on-line store via AN ecommerce platform can prevent a great deal of your time.
To make your life even easier, you may use a fulfillment service like Printful for your store. That method you don’t got to worry concerning stock or shipments, all you are doing is about up your on-line store and concentrate on making and selling your product.
You can still create sales in the flesh at physical, however non-permanent locations like trade shows or pop-up stores.
Cons to a web shop:

If you’re building a web store from scratch – you’re facing some expenses. You’ll got to purchase a {website|a site} name and develop your own website.
If you choose AN ecommerce platform, those have varied professionals and cons of their own, and frequently accompany subscription fees.
There are hidden prices for a self-hosted ecommerce platform if you don’t go together with a hosted platform.
4. style your product

Let’s take a more in-depth scrutinize the items that get into coming up with a product.

Say you’ve created your on-line store, you’ve chosen Printful as your fulfillment service, and you’ve set to style a product. All you fashion lovers understand what it takes to seek out one thing nice to wear, therefore imagine what it’s prefer to style it. uncountable things to require into account:

The creator of the styles. Having a decent plan is one issue, however if you don’t skills to execute it to create it shine, ask for the recommendation of a precocious friend, rent AN creative person, or, within the case of Printful, address our in-house style Services team. If you actually wish to create the styles yourself, there square measure still uncountable tools to create it easier, like Printful’s mockup generator, that features a text tool feature to simply create text-based styles. And if you’re all concerning those visuals, produce styles with our custom-drawn smileys and shapes.
Your audience. trust you, however additionally trust your audience – they need to urge your product and your style. Don’t be afraid to undertake out completely different colors/patterns/images – you would possibly concoct a winning combination that’ll wow your customers.
The cut and material of the garment. The stretch of the material and its result on the look, the texture of the material against the skin.
The final result. you have got to be assured concerning everything from A to Z – the match, the color, the design. you have got to require to shop for it, otherwise, well, it’s not price commerce. make sure to order a sample before creating it out there to others. With Printful, samples accompany a two hundredth discount and free shipping to pick out destinations.
5. Promote and grow your whole

Opening a store won’t guarantee sales, and no-one’s attending to understand you unless you tell them. to draw in customers, you’ll ought to build whole awareness on social media and build quality content concerning your product. whereas wondering ways that to market your whole, additionally trust the skill-set of these around you – any aspiring makeup artists or photographers building their portfolios?