How to Run a Successful Ecommerce Business in 2018!

7 Figure Cycle

Before accelerating towards the definition of e-commerce you should know that the concept of e-commerce consists of two sections:

First: “eCommerce” 7 Figure Cycle section reflects the trade and economic activity known to us through which the circulation of goods and services according to the rules and systems followed and agreed upon.

Second: “Electronic” and is intended to carry out the performance of economic activity “commercial” using modern communications technology such as the Internet and networks and electronic methods

7 Figure Cycle
7 Figure Cycle

We can already know e-commerce

“The process of advertising and definition of goods and services and then the execution of transactions and contracts, then purchase and sale of those goods and services and then pay the value of purchasing across different communication networks, whether the Internet or other networks linking the buyer and the seller.

Electronic commerce patterns

E-commerce has a variety of patterns that revolve around it. The following figure shows some of these patterns. E-commerce can be viewed as a multidimensional concept that can be applied and used in more than one style and form as follows:

1. Business Foundation – Business Foundation
7 Figure Cycle Login type of business is carried out between the business enterprises through communication and information technology networks, in order to place orders for suppliers and exhibitors, to deliver invoices and complete payments. This type of e-commerce exists for many years, especially in electronic data exchange through private networks.

2. Business – Consumer Business to Consumer
This type of e-commerce represents retail in normal trade and this type has expanded significantly with the emergence of the Internet, there are now so-called shopping malls Shopping malls offering services through the supply of goods and services, for the benefit of enterprises and carry out commercial transactions in terms of procurement And the sale through the Internet and are paid in different ways the most common credit cards or electronic checks or cash on delivery.

3. Business Foundation – Government Administration Business to Administration
This mode covers all transactions between companies and government agencies. For example, in the United States, government procurement is advertised through the Internet and companies can exchange responses electronically. Currently, the pattern is in its infancy, but it will expand very quickly if governments use their e-commerce processes.

4. Consumer – Government Administration Consumer to Administration
This style has not yet emerged. But may spread with the spread of e-business and the growth of the company’s style to the consumer and the company to the government body.

Areas of Electronic Commerce

Many people think that e-commerce is just getting a website, but it is much larger. There are a lot of e-commerce applications such as online banks, online shopping malls, stock buying, job search, auctions and collaboration with other individuals in a research job. In order to implement these implementations, it is necessary to obtain supportive information, systems and infrastructure.

E-commerce applications are supported by infrastructure. The performance of these applications requires reliance on four important axes:
1) People
2) Public policy
3) Technical standards and protocols
4) Other companies

Impact of electronic commerce

 E-commerce is no longer as futuristic as it was in the last century. 7 Figure Cycle Review is now successful, especially in technologically developed countries, where the United States, Japan and Europe are the leaders of this trade, in their conception and realization. They are developing rapidly, especially with the increase of direct investments in ICT technology. After the Internet was available to the public after it was limited to only one governmental entity, the rapid growth of the Internet will affect the degree of effectiveness of e-commerce, which will in the future be the predominant feature of the commercial community in the societies as a whole. Arab or non-Arab, where companies will try to exploit all their potential in e-commerce, which will in turn lead to business operations on the world’s communities beyond the expectations of customers and consumers, in terms of definition and identification of the market Or create whole new markets. All companies that ignore modern technology will be affected by these changes in markets. Both community members will be well-known for purchasing goods, accessing information and services, and interacting with government agencies. The overall impact on lifestyle will include all aspects of life and will be noticeable during the next few years and e-commerce has an impact on a large number of commercial activities, including the following:

· Marketing, sales and sales promotion.
· Pre-sales service, sub-contracts.
· Finance and insurance.
· Commercial transactions: demand, distribution, payment.
· Service and maintenance of the product.
· Use of public and private services.
· Transportation.

E-commerce is expected to have a major and rapid impact on the competitive shape of commodities, the shape of markets and the movement of individuals in traditional commodity markets.

The distinctive features of electronic commerce

E-commerce, which emerged as a relatively new concept in the commercial dictionary during the 1970s, has several features:

Lack of direct relationship between the parties to the business process.

There is no reciprocal paper documents when transactions are executed and executed as all transactions between the parties to the transaction are carried out electronically.

Group or parallel interaction or, in other words, the possibility of interacting with more than one source at the same time.

The possibility of implementing all the components of the business process, including the delivery of non-physical goods on the network.

Benefits of Electronic Commerce

First: Benefits of e-commerce for companies:

1. More effective marketing and more profits. The adoption of Internet marketing companies allows them to offer their products and services throughout the world all day and without interruption, which gives the company a greater opportunity to profit.

2. Reducing company expenses. The process of preparing and maintaining websites is more economical than building markets or installing expensive equipment.

3 – Effective communication with partners and customers, where the distances and crosses the border, providing effective ways to exchange information with partners and with other companies.

Second: Benefits to Individuals:

1 – save time and effort, as these electronic markets are opened permanently. The customer does not need to travel or even use his car or stand in a long queue. All you need is to click the desired product and then pay by credit card.

2 – freedom of choice, and provide great opportunities to visit forced as many shops in record time, with knowledge of all the necessary information about the product

3 – price reduction, where there are many competing companies that sell at lower prices compared to traditional shops or trade to reduce the cost them.

4 – Achieve consumer or user satisfaction, providing a direct way to communicate effectively to receive information quickly or answer queries.

Sections of e-commerce applications

Electronic commerce applications are divided into three parts:

1) Buying and selling products and services which is called the online market.
2) Facilitate and manage the flow of information, communication and cooperation between companies and between different parts of a single company
3) Provide customer service

Information systems between institutions and markets

The market is a place of transactions, transactions and relationships for the exchange of products, services, information and funds. When the market is electronic, the trade center is not a building or the like, but a network store with commercial transactions. The participants in the electronic marketplace are sellers, buyers and samars, not only in different places but rarely knowing each other. Ways of communication between individuals in the online market vary from individual to individual and from case to case.