Saturday, April 21, 2012

Chapter 7: E-Business.. The new BEST thing!!


In this day and age, with life being as busy as it is, how many of us actually enjoy getting out to go shopping for something we may need for our home or even for a birthday present?  I, for one, LOVE to shop, but do not always have the time or the means to hit up the mall to find something.  Therefore, I turn to the computer to make my purchase and then live my life until the package is delivered to my doorstep J 
Having the ability to pay bills, do banking and shop online are 3 key factors to E-Businesses.  When paying a bill, you can log on to your account using the company’s website and pay the bill using checking account # or a debit card #.  Time and money are saved by the consumer as you no longer need to write out a check, purchase a stamp and take it out to the mailbox.  Banking online is another great necessity as you are able to transfer money from one account to another, pay bills directly from your bank account, pay loans, pay a mortgage, and apply for a loan and the list goes on.  Shopping online has become one of the most popular pastimes of today.  Christmas time is the “hottest” time of the year to shop online.  Why get up at 3:00 A.M. to go to a store to find a gift for mom when you can lounge in your pajamas, drink some coffee and search the internet for the product you need, at the best price?
What I am trying to get at here is that E-Businesses capitalize on the interactive nature of web sites and the customization aspect of web sites.  If they make it easy for the customer, the customer may spend more money.  E-Businesses have 5 different business models.  In no particular order, those business models are:

Business to Consumer (B2C) – Walmart, Old Navy, Aeropostale
Consumer to Business (C2B) – e-Bay
Consumer to Consumer (C2C) - Craigslist
Business to Business (B2B) – Staples, Office Depot
Business to Government (B2G) – Onvia


 
Does anyone out there believe it is possible that someday, in the near future, E-Business will completely take over and retail stores will diminish?

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