3. • It is more than having a website to operate your
business.
It includes
• Accessing the internet to gather information about
suppliers, products , industry etc.
• Usage of electronic transactions e.g: Online banking.
• Online communications e.g: email
• Human resource management through intranet to
establish a common platform
• CRM
• Using software for management of various projects
4. E-business tools
• Mobile phones
• Personal digital assistants
• Electronic data interchange
• File transfer
• Facsimile
• Video conferencing, internet, intranet and
extranet
5. Advantages
• Quick, easy communications
• Enhanced marketing capability
• Increase in hours of operation e.g: A website
which is accessible 24 x 7.
• Reducing labor and cost of doing business by
efficient methods .
• Improved business models and profits.
9. Bootstrapping
• Bootstrapping is funding the business
venture completely on their own
• The advantage of bootstrapping is that the
business depends only on the funds of the
creator
• Bootstrapping provides total control
• At times finding the cash required for the
business might require longer time and hard
work
10. Friends and Family
• Friends and Family of the entrepreneur are
the people who want the best for him
• They generally provide the necessary funding
and backing to launch the e-business
• They are the ideal funding resources
• If payments are not made in time could lead
to mistrust causing a strain in the
relationship
11. Bank Loans
• Banks try to lure start-ups with a variety of
loans
• Care should be taken before getting a loan if
its feasible for the venture to meet the
eligibility required for the bank loan as well
as to ensure repayments without defaults
• A detailed analysis needs to take place
before deciding on the type of loan that is
best suited for the venture
12. Network Funding
• Build an online model of the e-business and
invite people or friends who might be
interested in investing based on the private
information available in the network
• An example of a Network Funding site is
www.bolstr.com
• Network Funding keeps your potential
investors and investors updated about the
progress of the venture
13. Crowd Funding
• Entrepreneurs can project their business idea
on sites and wait for interested investors to
help them financially
• Crowd Funding helps the project owner raise a
lot of money based on the central idea
• It also helps us to know the feedback about
the business from the crowd through
feedback
• Ex: www.zequs.com
14. Venture Capitalists
• Venture Capitalists represent a financial
institution mostly
• Venture Capitalists prefer to invest not in the
start up stage but for the next stage
• Venture Capitalists also push for a seat in the
Board of the company and tend to have an
influence in key decision making decisions
15. Angel Investors
• Angel Investors are single investors who
invest large amount of money if they believe
on an enterprise
• Angel Investors are willing to invest a large
amount of money in the start up stage
• Do not request for a place in the board
• Take the role of a mentor/advisor of the e-
business at times
17. Setting up a website -
HOW?
Building the idea – products, competitors
Building a brand name
Purchasing the right domain name
Selecting proper server
Setting a secure payment method
Adding a shopping cart
And DONE!!!
18. Critical Issues
Organising products & managing
inventory
Getting the proposition & pricing right
Content management system
Customer relationship management
Security issues
19. Mistakes to avoid
Complicating the checkout process
No proper promotion
Slow loading speed of the site
Improper business plan
Improper marketing strategy
21. E-marketing-What does it entail?
• Using digital technologies to garner
popularity
• Marketing Products- Creation, distribution,
promotion and pricing
• An e-business marketing plan that is effective
23. Decoding the formula
• Electronic Commerce (EC): Internet, bar code
scanners
• Business Intelligence(BI): Info about
customers, suppliers, etc
• Customer Relationship Management (CRM):
Strategies for customer retention
• Supply Chain Management(SCM)
• Enterprise Resource Planning(ERP)
24. How to attract customers?
• Cross marketing and cross selling
• Opening page and speed of the website
• Be a step ahead of your customers
• Offer multiple payment options