BZUPAGES.COM E-Business An e-business is defined as a company/entity that has an online presence. E-commerce businesses E-businesses that have the ability to sell, trade, barter or transact over the web can be considered as e-commerce businesses. E-business model An e-business model is defined by a company’s policy, operations, technology and ideology.

BZUPAGES.COM E-Business Models Storefront Model Most Basic and most simple type of E-business Model Buyers and sellers interact directly. This is quite popular in B2C transactions. Merchants organize online catalog of products, take orders through their websites, accept payments in a secure environment and send items to the customers. They can also store and manage customer data in databases. A storefront model uses the shopping cart technology which allows customers to accumulate items they want to buy during shopping. Books – Toys --- gifts –flowers etc…

BZUPAGES.COM Auction Model In this model there are auction sites to which the users can log-on and assume the role of a bidder or seller. As a seller, one has to specify the minimum price to sell one’s item (called reserve price), the description of the item and the deadline to close the auction. At the end of the auction, the seller and the bidder are notified by the auction site and the payment mechanism and delivery mode is worked out. Auction sites charge commission on sales. Online Banking There is an online bank providing banking services to the customers through internet including services of electronic funds transfer. Online Account Information's

BZUPAGES.COM Online Trading and Lending Online trading is buying and selling of stocks/shares of listed companies using internet. Many brokerage houses have established an online presence. Online lending is providing loan through an internet transaction Online Recruiting Employers can recruit and job searchers can search for jobs effectively through online recruiting web sites. Online News Services Many newspapers/magazines have online presence, providing 24-hour updates. Online publishing is attractive because printing and distribution costs are not involved in it.

BZUPAGES.COM Online Travel Services One can make travel arrangements online without going to travel agent. It is convenient and less costly. There are online businesses which help customers find discount fares for airline tickets, hotel rooms and rental cars or assist in case of lost luggage. Online Entertainment Internet technology can quickly provide information with high quality multimedia. Therefore, such e-businesses have emerged which sell music albums, movie tickets, video films etc. The content can be easily downloaded by the customer in this case. You can download Movies GamblingGames

BZUPAGES.COM Online Automotive Sites and Energy Online Certain web sites allow users to search and purchase new and used cars and their spare parts. Also, there are sites where buyers and sellers can buy, sell and distribute energy (oil, electricity etc.) on the web. Selling Intellectual Property Online Some e-businesses deal in the sale of intellectual property rights of companies such as patents, trade marks, and trade names etc. copyright

BZUPAGES.COM Online Art Dealers Artwork can be bought from the web at a discount, e.g. pictures, paintings, posters etc. E- Learning Universities and various training institutes are offering high- quality distance education over the web. E-books and other reading material can be easily downloaded to one’s computer. Virtual University is an example of this type of business model. E-books Research papers

BZUPAGES.COM Online Service Providers These e-businesses help improve policies, procedures, customer service and general operations of other businesses. They can provide consultancy/professional services, for example, web site development services, online legal consultancy services etc. Dr., Auditors, accountants etc

BZUPAGES.COM Online Shopping Malls Online shopping malls are those web sites which present customers with a wide selection of products and services at a single place. Thus, Instead of making several separate purchases, customers can use the mall’s shopping cart technology to purchase items from many stores in a single transaction. Different merchants Victoria and Raja Sb.

BZUPAGES.COM Portal Model Portal is that website which has got plenty of information on different topics and subjects contained on the website Portals are the web sites which provide chance to the visitors to find almost everything in one place. Horizontal portals provide information about a very broad range of topics. Search engine is the Example of a horizontal portal. Vertical portals provide information pertaining to a single area of interest. Community Portals such as those related to medical or legal profession are the examples of a vertical portal. Online shopping is a popular addition to the some portals such as ‘yahoo.com’. Portals allow users to browse independently owned storefronts unlike online shopping malls.

BZUPAGES.COM Brick-and-Mortar vs. Click-and-Mortar businesses These two terms refer to the offline and the online businesses, respectively. Where a company is doing its business both online and offline, there is often the problem of lack of proper integration between the two different channels of business

BZUPAGES.COM Advantages of E-business Personalized service: High-quality customer service No inventory cost Worldwide reach of the business Electronic catalogues (convenient and quick transaction) Bulk transactions Improved supply chain management

BZUPAGES.COM Disadvantages of E-business Some disadvantages of an e-business are given as under: Less security Less privacy No physical proximity with items purchased

BZUPAGES.COM Online catalogues vs. Paper catalogues Paper catalogs Advantages Easy to create a catalog without high technology Reader is able to look at the catalog without computer system More portable than electronic catalog Disadvantages Difficult to update changes in the product information Only limited number of products can be displayed

BZUPAGES.COM Online or electronic catalogs Advantages Easy to update product information Able to integrate with the purchasing process Good search and comparison capabilities Able to provide timely, up-to-date product information Can provide broad range of product information Possibility of adding voice and motion pictures Cost savings Easy to customize Disadvantages Difficult to develop catalogues Large fixed cost if used for small no. of products Need for customer skill to deal with computers and browsers