Electronic commerce, commonly written as e-commerce or eCommerce, is the trading or facilitation of trading in products or services using computer networks, such as the Internet or online social networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail.

E-commerce businesses may employ some or all of the following:

• Online shopping web sites for retail sales direct to consumers
• Providing or participating in online marketplaces, which process third-party business-to-consumer or consumer-to-consumer sales
• Business-to-business buying and selling
• Gathering and using demographic data through web contacts and social media
• Business-to-business (B2B) electronic data interchange
• Marketing to prospective and established customers by e-mail or fax (for example, with newsletters)
• Engaging in pretail for launching new products and services
• Online financial exchanges for currency exchanges or trading purposes

Calvin comments

With the arrival of EMail (Electronic Mail) it was thought that the POS Office will go into oblivion as Sending Mail with stamps will be a sunset industry.

Now ECOMMERCE has overtaken the Regular Mail Business.

ECommerce is selling from Source to end user without the middlemen

As such all sales men will suffer. However, value creator like Padini, Ikea & Nike will survive while Sales Entities like Parkson, Metrojaya & Courts Mammoth will suffer and might have to close shop some future day.

What is the Difference between Value Creator Company & Pure Salesman or Middleman Companies?

Answer:

A Value Creator is One who makes his own unique product like Padini & Ikea. They are the source of the creation. So they will survive even if their goods are sold online because they are owners. You have to buy from them. There is no other source as they are copyrighted.

Same goes for IKEA. Ikea creates from source. They source from the cheapest places & make their own products. Then they sell directly to end users. Cutting out wholesalers & retailers IKEA can pass on the huge savings to you.

For Parkson & Courts Mammoth they don't manufacture their own products but they buy in bulk from manufacturers. As such other entities can also buy from manufacturers and sell cheaper online.

How to sell cheaper online?

Answer:

Bacause these online ECommerce guys don't pay sky high rental in malls. They also don't pay high wages. They don't have overheads like huge electricity bill like fix operating hours rom 9 am to 11 pm in the mall. So overhead cost is cut to the bone.

So Regular Shopping Names like Parkson & Courts Mammoth CANNOT COMPETE with Online ECommerce Entities.

THIS IS THE FUTURE WE ARE NOW LIVING IN.

EMBRACE THE FUTURE YOU WILL SURVIVE & THRIVE

NEGLECT OR REJECT IT TO YOUR OWN PERIL!

That's all for this post

More coming

Your Online Teacher,

Calvin Tan