A presentation on the changing dynamics and parameters of online commerce. Presented By:HISHAM RIZVI(50269) | ARUSHI SHARMA(50240)DIVIK GIRDHAR(50256) | DRISHTI RANA(50258) BBS I-B
Electronic Commerce, commonly known as e- commerce, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The term may refer to more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servici ng and paying for products and services.
Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties (e.g. commodity exchange) or limited to specific, pre-qualified participants (private electronic market). Electronic commerce that takes place between businesses and consumers is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com. ◦ Online shopping is a form of electronic commerce where the buyer is directly online to the sellers computer usually via the internet.
•Michael Aldrich invented online shopping.1970 •Thomson Holidays from United Kingdom became first B2B online shopping company.1981 •Minitel was introduced nationwide in France by France1982 Telecom and used for online ordering. •Gateshead SIS/Tesco is first B2C online shopping and1984 Mrs Snowball, 72, is the first online home shopper.
• Nissan UK sells cars and finance with credit checking to customers online from dealers lots.1985 • Swreg begins to provide software and shareware authors means to sell their products online through an electronic Merchant1987 account. • Tim Berners-Lee writes the first web browser, WorldWideWeb, using a NeXT computer.1990 • Terry Brownell launches first fully graphical, iconic navigated Bulletin board system online shopping1992 using RoboBOARD/FX.
• Netscape releases the Navigator browser in October under the code name Mozilla. Pizza Hut offers online ordering on its Web page. The first online bank opens. Attempts to offer flower delivery and1994 magazine subscriptions online. Netscape 1.0 is introduced in late 1994 SSL encryption that made transactions secure.. • Jeff Bezos launches Amazon.com and the first commercial-free 24 hour, internet-only radio stations, Radio HK and NetRadio start broadcasting. Dell and Cisco begin to aggressively use Internet for1995 commercial transactions. eBay is founded by computer programmer Pierre Omidyar as AuctionWeb. • Electronic postal stamps can be purchased and downloaded for printing from the Web.1998
• Business.com sold for US $7.5 million to eCompanies, which was purchased in 1997 for US $149,000. The peer-to-peer file sharing software Napster launches. ATG Stores launches1999 to sell decorative items for the home online. • The dot-com bust happens. Internet acquires a whole new2000 meaning and influence. •Alibaba.com achieved profitability in December 2011.2001 • eBay acquires PayPal for $1.5 billion. Niche retail companies Wayfair and NetShops are founded with the2002 concept of selling products through several targeted domains, rather than a central portal.
• Amazon.com posts first yearly profit.2003 • Business.com acquired by R.H. Donnelley for $345 million.2007 • US eCommerce and Online Retail sales projected to reach $197 billion, an increase of 12 percent over 2010. Quidsi.com, parent company of Diapers.com, acquired by Amazon.com for $500 million2011 in cash plus $45 million in debt and other obligations. GSI Commerce, a company specializing in creating, developing and running online shopping sites for brick and mortar businesses, acquired by eBay for $2.4 billion.
In the present world, it has been estimated that more than 80% of the internet users have used online portals to purchase something. Also online shopping has beencarried out more than once by about 50% of the online shoppers.
The most shopping is done by those people who are between ages 30 to 45 and 55 to 65, as about 68% of those people tend to shop more online than other age groups.
It has been reported that there has been a 10% growth in e-commerce sales in USA.With the current statistics it is expected thate-commerce in America will go up to $ 279 billion by 2015.
The top stores at which users are making their online purchases include Amazon, Staples, Apple, Dell and others, in the USA.
It has always been wondered that why do people tendto shop online. After a survey, it was seen that people shop online more because of more variety according to 67% of the population. 73% said that it is timesaving,59% indicated that they shop online due to the ease of price comparisons and 58% prefer this mode as it is free of crowd. Other reasons include: less taxes, less prices and no travelling etc.
Most common payment modes used by onlineshoppers for making purchases include credit card payments and bank transfers.
European Union is the biggest region in terms of e-commerce sales with 34% of online purchasing activities in this area. USA and Asia with follow with 29% and 27% respectively.
E-Commerce industry is expected to have a value of over $1500 Billion by 2015.The current e-commerce sales have been growing with a 19% increase per year and with these statistics it is indicated that by 2015 it will double than what it is now.
The trends are changing and the onlineshopping methods are becoming more andmore adaptable to the ease of the mankind. Presently the mobile e-commerce is about 4.4 billion and it is indicated that by 2015 the mobile ecommerce will grow to 23.8 billion.