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E-Commerce Helps Small Business Leap Ahead of Midsized Competitors!
The burgeoning e-commerce marketplace will grow to well over $600 billion by
2002, and industry analysts predict that business-to-business online sales
will grow at a pace ten times faster than consumer-based revenues.
Since 1996, we have foreseen this future Internet trend and have been pioneering the creation of comprehensive cost-effective e-commerce software tools to assist your success on Internet business development.
About E-Commerce
E-Commerce is electronic commerce, the buying and selling of products and services by businesses and consumers over the internet. Such a practice has
exploded in the past year alone, as security issues have improved, and more and more consumers are buying and goods and
services online also called ecommerce. Typically there are four types of ecommerce transactions:
Business-to-business (B2B) -
Business conducted between companies, rather than between
a company and individual consumers, such as Cisco, Commerce One.
B2B can be further categorised into two fields:
Vertical Marketplace: B2B marketplace for a specific industry, such as electronics component marketplace, semiconductor marketplace, automobile industry marketplace, etc.
Horizontal Marketplace: B2B marketplace for general available industries, very suitable for application service providers (ASP's) to develop digital marketplace for small-to-medium size businesses.
Business-to-consumer (B2C) -
Business conducted between companies and individual consumers, such as Office Max, Gap's Online.
Consumer-to-consumer (C2C) -
Online trading activities conducted between individual consumers only, such as eBay, Yahoo Auction, Amazon Auction.
Consumer-to-business (C2B) -
Online requesting-for- quotation (RFQ) activities conducted between individual consumers and business, and allowing consumers to send purchase requests or quotations (Build-To-Order or Design-To-Order request) directly to business, such as Dell's Computer, eWanted, eWork.
The following data give you just a hint of the overall potential that this
ever-expanding business revolution holds for companies like yours. These E-Commerce statistics explain to you why you will need immediate internet adoption for your business:
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