Commerce Introduction to the Way the World Does Business.

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Presentation transcript:

Commerce Introduction to the Way the World Does Business

Commerce & E-Bay Ashley Abate Jennifer Briggs Jonelle Gordon

Commerce “com.merce n [MF, fr. L commercium, fr. com- + merc-, merx merchandise] (1537) 1: social intercourse: interchange of ideas, opinions, or sentiments 2: the exchange or buying and selling of commodities on a large scale involving transportation from place to place 3: sexual intercourse”

3 Components of a Sale 1.Buyers 2.Sellers 3.Producers

Requirements for Sale 1.Product 2.Location to sell the product from 3.Advertising 4.A way to accept orders 5.Sale fulfillment 6.Customer support, warranty claims and general returns

E-Commerce Necessities 1.A product 2.A website through which to sell the product 3.A way to attract consumers to the website 4.An online form to accept orders 5.A way to accept payment 6.A place to ship orders from 7.A way to accept returns, handle warranty claims and provide customer service.

Statistics “...the estimate of U.S. retail e-commerce sales for the third quarter of 2005, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, was $22.3 billion, an increase of 5.7 percent (±1.7%) from the second quarter of 2005." "2004 online retail sales rose 23.8 percent to $89 billion, representing 4.6 percent of total retail sales. Including travel, online sales also rose 23.8 percent to $141.4 billion. Online retail sales will reach $109.6 billion [in 2005]. Online sales including travel will rise to $172.4 billion this year."

What are popular E-Commerce Items? Computers and electronics Books Apparel Music Financial and Travel services Toys Event tickets

Transition to E-commerce E-Commerce provides a new platform for businesses Looking for ease of sales and quick turnover without leaving home

History of E-Commerce Notion of “sell and buy” Made possible by invention of electricity, cables, computers modems and the internet In 1991 the Internet was opened for commercial use First E-Commerce Companies: Amazon.com and E-bay. Gave way to a need for credit cards, online shopping carts and secure gateways

eBay Began in 1995 Allows auctioning or fast sale of items Large variety of items: cars, real-estate, collectibles, concert tickets, CD’s, clothing, DVD’s, art work and rare items EBay is not only a site for commerce, but a community

E-Bay The World’s Online Marketplace

Frequently Asked Questions.. Why is there E-bay? Where is E-bay? What is E-bay? How does it work?

Assets of E-bay & E-commerce When receiving a service online, customers look for specific qualities in an business. Comfort Languages Foreign currencies Shipping abilities

Types of E-commerce that E-bay offers… Business to Business * Wholesaling Business to Customer * Retail & Clearinghouse Customer to Customer * Any format

Outline of E-Bay.. Auction vs. Fixed Price Format What is an E-Bay store? How can you “Buy it Now” AllGoodCauses – E-Bay Store

Conclusion In conclusion, without e-commerce their would be no eBay, without e-commerce there would be no online shopping, which gives consumers an alternative to finding time to go to the store in their hectic days.