Commerce

Commerce Application

Various applications of e-commerce are continually affecting trends and prospects for business over the Internet, including e-banking, e-tailing and online publishing/online retailing. A more developed and mature e-banking environment plays an important role in e-commerce by encouraging a shift from traditional modes of payment (i.e., cash, checks or any form of paper-based legal tender) to electronic alternatives (such as e-payment systems), thereby closing the e-commerce loop.

Benefits of e-Commerce

  • Expanded Geographical Reach
  • Expanded Customer Base
  • Increase Visibility through Search Engine Marketing
  • Provide Customers valuable information about your business
  • Available 24/7/365 – Never Close
  • Build Customer Loyalty
  • Reduction of Marketing and Advertising Costs
  • Collection of Customer Data

Basic Benefits of e Business e-Commerce

  • Increase sales – this is the first thing that people consider
  • Decreasing costs
  • Increase profits
  • Expands the size of the market from regional to national or national to international
  • Contract the market
  • Reach a narrow market