Posts Tagged ‘Electronic Commerce’

The intermediate of wholesalers and retailers has declined significantly due to electronic commerce. Now, almost all products are available without going to a local. Consumers can access the Internet to pictures of any product, read the specifications, find the best price and terms from online suppliers and place orders and pay.

The expensive printed catalogs have disappeared. Purchasing B2B (business to business) over the Internet increased even faster than the consumer online shopping. The purchasing managers of companies acquired by Internet Articles usual: either advertise what they need and expect a reply from a supplier, or simply browse your selected websites.

Traffic decreased physical premises retailers. In response to this, there are more enterprising retailers that offer entertainment and entertainment rooms built their businesses. Many libraries, local food and clothing including bars and auditoriums for lectures and performances. What essentially promote and sell these places is an experience, rather than an assortment of products.

Most companies have built proprietary databases with a wealth of information about preferences and requirements of each client, and uses that data to make a mass customization of offers to individuals. A growing number of companies presented online product platforms, in which customers design the items they want. Many auto companies, computer, appliance and food invite customers to visit their Web pages and design the offer (product, service, system or programs) in a form to be filled with your preferences. The image of the modified product is then displayed on the screen.

Companies are finding imaginative ways to go beyond customer expectations, and thus improve retention. As a result, competitors find it increasingly difficult to acquire new customers. Therefore, most spend their time trying to figure out how to sell more products and services to existing clients.

The organizations focus on creating customer participation rather than market share. Many have found new ways to increase both the level of sales in general and cross-selling. Gain greater knowledge and understanding of customer segment and from their databases by applying new and more effective techniques for interpreting the information. Finally, the companies got their accounting departments generate real numbers on profitability by segment, individual customer, product, channel and geographic unit. Now, focus on customers, products and more profitable channels, and are putting together packages of rewards for these clients. The company went from a perspective based on the transaction to one based on developing customer loyalty.

Cards want to replace the transfer and delivery of cash in the distribution of social aid. Visa wants to channel disbursements for grants to buy books, childcare subsidies and the like. For this reason, negotiating with the Treasury Department the possibility of extending this method of payment between State agencies and institutions.

“The cards can provide a tremendous savings to the government. Allow the delivery address public subsidy, payment of bills and services and meet performance,” said Tuesday Luis Garcia, CEO of Visa for Spain and Portugal, during the presentation of company results in Europe.

Currently, several public institutions (central governments, regional and local authorities and autonomous agencies) accept card income, but rarely use this method of payment for goods and services pay for them. “There is a regulatory problem with the central administration. The rule does not yet allows channel their payments through this instrument,” says Garcia. He adds immediately afterward, “we talk about amounts of low value cash management which is costly, not big operations.”

The executive stressed the benefits of moving the card to the public domain. “It is an instrument that parameters spending, which allows both a comprehensive review of the use made of the money to be possible to determine in advance factors such as the commercial sector or type of store that can accept the card.”

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Here are some facts that indicate the extent that the Internet has taken in recent times. According to recent statistics, half of fifteen ancient European population that is connected to the Internet. In sectors such as travel or music, the development of Internet and electronic commerce has really changed the game. Iberia, for instance, sells tickets on the Internet in 2003 amounting to € 170,000,000 and has been eliminated commissions to their brokers, travel agents, a practice that seems to follow their competitors.

Companies with business that can be touched by hand, although largely based on the Internet. Fruit of the explosion in the number of initiatives happening in the market buying technology companies that are very important, as recently starred Yahoo! to get a price comparison site Kelkoo for 475 million euros, or takeover of the recent work Infojobs portal. And acquisitions and valuation is not based on the references used during the technology bubble, as hopes of the future and capture the simple phrase “dotcom.” When Shopping profitability, good management and a leading market position, the concept of any business without affecting their industry and activity, and where no more than Google relies on for the upcoming IPO.

If you joined all the data and examples are no doubt benefit from the proper application of Internet technology in improving competitiveness, cost savings, improved customer relations, management and every process of forming a company, the more we should be very strict in taking any decision on what role the Internet to do business.

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According to the latest developments, here are some facts to show how far the Internet has taken the time lately. According to recent statistics, half of the ancient European population than fifteen connected to the Internet. In sectors such as travel or music, the development of Internet and electronic commerce has completely changed the game. Iberia, for instance, sells tickets on the Internet in the year 2003 amounting to € 170,000,000 and have removed their commissions to brokers, travel agents, a practice that seems to follow their competitors.

Simultaneously, in the music market, Apple’s iTunes initiative has sold 70 million songs online from a catalog of 700,000 references, and Microsoft and Sony to work on the same model. For its part, eBay, the world’s largest auction house, is revolutionizing the market for buying and selling products with more than 95 million registered customers and businesses that generated almost 20 000 million euros during the year 2003, a figure that is equivalent to the GDP of Bulgaria.

These are just some examples of business success, companies with a business that can be touched with the hands, although mostly based on the Internet. Fruit of the gold mining market purchases of several initiatives taking high-profile technology companies, as recently starred Yahoo! By purchasing price comparison Kelkoo € 475,000,000, or the recent takeover Infojobs job portal, an SME Spain by Canada Trader at around 14 million euros.

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