Project Report On E-Business
Dear Students, Here You can read and download COM619 Project Report On E-Business - Final Project.- Introduction to Topic:
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| COM619 Project Report On E-Business - Final Project |
With developments in the Internet and Web-based technologies, distinctions between traditional markets and the global electronic marketplace such as business capital size, among others-are gradually being narrowed down. The name of the game is strategic positioning, the ability of a company to determine emerging opportunities and utilize the necessary human capital skills (such as intellectual re-sources) to make the most of these opportunities through an e-business strategy that is simple, workable and practicable within the context of global information and new economic environment. With its effect of leveling the playing field, e-commerce coupled with the appropriate strategy and policy approach enables Small and medium scale enterprises to compete with large and capital-rich businesses.
On another plane, developing countries are given increased access to the global Marketplace, where they compete with and complement the more developed economies. Most, if not all, developing countries are already participating in e-commerce, either as sellers or buyers. However, to facilitate e-commerce growth in these countries, the relatively underdeveloped information infrastructure must be improved.
In e-business, on the other hand, ICT is used to enhance one’s business. It includes any process that a business organization (either a for-profit, governmental or non-profit entity) conducts over a computer-mediated network. A more comprehensive definition of e-business is: “The transformation of an organization’s processes to deliver additional customer value through the application of technologies, philosophies and computing paradigm of the new economy.”
Start information website – Do you have a passion to research any niche topic? Gather it, process it, rewrite it and start a new informational website on the researched topic.
Participate in affiliate marketing (sell others product) – Why don’t you sell manufacturer's or marketer's product? To be precise, sell other’s product.
Sell an ad space – If you have a website or blog sell an ad space from it. If you don’t have, try having one exclusively made for selling ad space.
Sell your own old stuffs through EBay – Start selling your product or your neighbor's or friend's product through EBay.
Create a Niche blog – Do you Blog for Fun? No don’t blog it. Blog to generate income out of it, get hired by companies to write blog for them. or create your own niche blog (this might over lap with any one of the above strategy).
Sell your services – If you have a talent in any particular domain, and then sell it as a service. Be an Online service provider. Example: Online Brokers (this might also overlap)
Create e-books - on any subject of your interest and sell it across various channels like EBay, Amazon, etc
E-business is more than just having a web presence to facilitate buying and selling. Frank Jones, VP of IBM Corporation, provides this definition: “E-business is exploiting the combined power of the internet and information technology to fundamentally transform key business strategies and processes”.
The most common implementation of E-business is as an additional, or in some cases primary, storefront. By selling products and services online, an e-business is able to reach a much wider consumer base than any traditional brick-and-mortar store could ever hope for. This function of E-business is referred to as ecommerce, and the terms are occasionally used interchangeably.
An E-Business may also use the Internet to acquire wholesale products or supplies for in-house production. This facet of E-Business is sometimes referred to as eprocurement, and may offer businesses the opportunity to cut their costs dramatically. Even many E-Businesses which operate without an electronic storefront now use eprocurement as a way to better track and manage their purchasing. revenue from 5% in 2000 to 10% in 2007 . Asia-Pacific e-commerce revenues are projected to increase from $76.8 billion atIn addition to buying and selling products, e-business may also handle other traditional business aspects. The use of electronic chat as a form of technical and customer support is an excellent example of this. An e-business which uses chat to supplement its traditional phone support finds a system which saves incredible amounts of time while providing opportunities unavailable through traditional support. By using virtual computer systems, for example, technical support operators can remotely access a customer's computer and assist them in correcting a problem. And with the download of a small program, all pertinent information about the hardware and software specifications for a user's computer may be relayed to the support operator directly, without having to walk a customer through personally collecting the data. In the past few years, virtually all businesses have become, to some degree or another, an e-business. The pervasiveness of Internet technology, readily available solutions, and the repeatedly demonstrated benefits of electronic technology have made e-business the obvious path. This trend continues with new technologies, such as Internet-enabled cell phones and PDAs, and the trend of e-business saturation will most likely continue for some time.
International Data Corp (IDC) estimates the value of global e-commerce in 2000 at US$350.38 billion. This is projected to climb to as high as US$3.14 trillion by 2007.
IDC also predicts an increase in Asia’s percentage share in worldwide e-commerce year-end of 2001 to $338.5 billion by the end of 2004. Asia-Pacific e-commerce revenues are projected to increase from $76.8 billion at year-end of 2001 to $338.5 billion by the end of 2004.
Answer : Professional eBay Power Seller Jason James has put together a great website that reveals the exact step-by-step methods he uses to make over $11,000 in profit per month right from his kitchen.
If you are tired of all the "Get rich on eBay" hype and simply want the facts about staring an eBay business, then this site is exactly what you're looking for. Jason shows you where to find hot products to sell, exactly how to sell these products, tips to maximize your profits and more (great for beginners).
Jason has been selling products on eBay for over 4 years and is a respected eBay Power Seller. His website, "The Auction Resource Network" is a no holds barred look at the inner workings of a his very successful eBay business from the inside out.
Step 1: Register as an eBay seller for free
If you've never used eBay before, you'll soon find that it is very easy (and fun) to use. It can even get addicting! eBay shows you the basics of making money with their user-friendly system. In just a few minutes, you'll be ready to start Making Money on eBay
It's simple: you can list hot-selling products on eBay (from Sony, Apple, Nautica, KitchenAid & more!), get paid on sales and have the items shipped to your customers directly from Doba.
The most important aspect for me is Marketing of the E-business. If this is carried out effectively no one can stop you from earning a lakh per month.
On another plane, developing countries are given increased access to the global Marketplace, where they compete with and complement the more developed economies. Most, if not all, developing countries are already participating in e-commerce, either as sellers or buyers. However, to facilitate e-commerce growth in these countries, the relatively underdeveloped information infrastructure must be improved.
Download Link for Final Project Report
History of Internet
In the 50’s and early 60’s, prior to the widespread inter-networking that led to the Internet, most communication networks were limited by their nature to only allow communications between the stations on the network. Some networks had gateways or bridges between them, but these bridges were often limited or built specifically for a single use. One prevalent computer networking method was based on the central mainframe method, simply allowing its terminals to be connected via long leased lines. This method was used in the 1950s by Project RAND to support researchers such as Herbert Simon, in Pittsburgh, Pennsylvania, when collaborating across the continent with researchers in Santa Monica, California, on automated theorem proving and artificial intelligence. The Internet system was developed and ready in the Late 1980s, but The Cold War held up the progress. When it ended in 1992, the internet slowly became main stream. By the end of the decade, millions were using it for business, education and pleasure.
The Internet was designed in part to provide a communications network that would work even if some of the sites were destroyed by nuclear attack. If the most direct route was not available, routers would direct traffic around the network via alternate routes.
The early Internet was used by computer experts, engineers, scientists, and librarians. There was nothing friendly about it. There were no home or office personal computers in those days, and anyone who used it, whether a computer professional or an engineer or scientist or librarian, had to learn to use a very complex system.
The Internet was designed in part to provide a communications network that would work even if some of the sites were destroyed by nuclear attack. If the most direct route was not available, routers would direct traffic around the network via alternate routes.
The early Internet was used by computer experts, engineers, scientists, and librarians. There was nothing friendly about it. There were no home or office personal computers in those days, and anyone who used it, whether a computer professional or an engineer or scientist or librarian, had to learn to use a very complex system.
Is E-Commerce The Same as E-Business?
While some use e-commerce and e-business interchangeably, they are distinct concepts. In e-commerce, information and communications technology (ICT) is used in inter-business or inter-organizational transactions (transactions between and among firms/organizations) and in business-to-consumer transactions (transactions between firms/organizations and individuals).In e-business, on the other hand, ICT is used to enhance one’s business. It includes any process that a business organization (either a for-profit, governmental or non-profit entity) conducts over a computer-mediated network. A more comprehensive definition of e-business is: “The transformation of an organization’s processes to deliver additional customer value through the application of technologies, philosophies and computing paradigm of the new economy.”
- Three primary processes are enhanced in e-business :
- Internal management processes, which include employee services, training, internal information-sharing, video-conferencing, and recruiting. Electronic applications enhance information flow between production and sales forces to improve sales force productivity. Workgroup communications and electronic publishing of internal business information are likewise made more efficient.
- Production processes, which include procurement, ordering and replenishment of stocks; processing of payments; electronic links with suppliers and production control processes, among others.
- Customer-focused processes, which include promotional and marketing efforts, selling over the Internet, processing of customers’ purchase orders and Internal management processes, which include employee services, training, internal information-sharing, video-conferencing, and recruiting. Electronic applications enhance information flow between production and sales forces to improve sales force productivity. Work group communications and electronic publishing of internal business information are likewise made more efficient. payments, and customer support, among others.
10 Ideas to Start Your Own Online Internet Business
Become a freelancer – Do you have any specific skill? Sell it. Go to elance.com to find the job opportunities posted there.Start information website – Do you have a passion to research any niche topic? Gather it, process it, rewrite it and start a new informational website on the researched topic.
Participate in affiliate marketing (sell others product) – Why don’t you sell manufacturer's or marketer's product? To be precise, sell other’s product.
Sell an ad space – If you have a website or blog sell an ad space from it. If you don’t have, try having one exclusively made for selling ad space.
Sell your own old stuffs through EBay – Start selling your product or your neighbor's or friend's product through EBay.
Create a Niche blog – Do you Blog for Fun? No don’t blog it. Blog to generate income out of it, get hired by companies to write blog for them. or create your own niche blog (this might over lap with any one of the above strategy).
Sell your services – If you have a talent in any particular domain, and then sell it as a service. Be an Online service provider. Example: Online Brokers (this might also overlap)
Create e-books - on any subject of your interest and sell it across various channels like EBay, Amazon, etc
What Makes the Internet So Powerfull
- The Internet is the lowest cost system ever developed to communicate with a potential audience of hundreds of millions of people all over the world. Even locally, the cost of a simple Web site is usually less than the cost of a modest ad in a business telephone directory. A Web site can also give more information than a telephone directory ad, including color photos, detailed descriptions of products and services, and price information that can be changed at any moment, for any reason, instead of waiting for a printed directory's next publication cycle.
- As a news medium, the Internet is faster and more flexible than a newspaper or magazine. A story can be added to a Web site instantly at any time of the day or night. There are no deadlines (except self-imposed ones) for Internet news. The "printing press" is always on, you might say. Even television news, aside from a few 24-hour news channels, must usually wait for scheduled news broadcast times instead of breaking into entertainment programming whenever a new story comes along. Television is also constrained by its necessarily linear information delivery format. It must tell a story, then another story, then take a break for advertising, then tell another story, and so on, in sequence. A viewer cannot choose to view only a few stories that he or she finds interesting, which may occupy only five minutes out of a 30-minute newscast. On the Internet, a reader is free not only to choose to view just those stories in which he or she is most interested, but also gets to choose the order in which he or she sees them. If sports scores are the highest item on today's agenda, click and there's the sports section, as easy as turning a newspaper page. Another click and there's the score from the game that just ended, possibly with video highlights only one more click away.
What is E-Bussiness
E-business (electronic business), derived from such terms as "e-mail" and "e-commerce," is the conduct of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners. One of the first to use the term was IBM, when, in October, 1997, it launched a thematic campaign built around the term. Today, major corporations are rethinking their businesses in terms of the Internet and its new culture and capabilities. Companies are using the Web to buy parts and supplies from other companies, to collaborate on sales promotions, and to do joint research. Exploiting the convenience, availability, and world-wide reach of the Internet, many companies, such as Amazon.com, the book sellers, have already discovered how to use the Internet successfully.E-business is more than just having a web presence to facilitate buying and selling. Frank Jones, VP of IBM Corporation, provides this definition: “E-business is exploiting the combined power of the internet and information technology to fundamentally transform key business strategies and processes”.
The most common implementation of E-business is as an additional, or in some cases primary, storefront. By selling products and services online, an e-business is able to reach a much wider consumer base than any traditional brick-and-mortar store could ever hope for. This function of E-business is referred to as ecommerce, and the terms are occasionally used interchangeably.
An E-Business may also use the Internet to acquire wholesale products or supplies for in-house production. This facet of E-Business is sometimes referred to as eprocurement, and may offer businesses the opportunity to cut their costs dramatically. Even many E-Businesses which operate without an electronic storefront now use eprocurement as a way to better track and manage their purchasing. revenue from 5% in 2000 to 10% in 2007 . Asia-Pacific e-commerce revenues are projected to increase from $76.8 billion atIn addition to buying and selling products, e-business may also handle other traditional business aspects. The use of electronic chat as a form of technical and customer support is an excellent example of this. An e-business which uses chat to supplement its traditional phone support finds a system which saves incredible amounts of time while providing opportunities unavailable through traditional support. By using virtual computer systems, for example, technical support operators can remotely access a customer's computer and assist them in correcting a problem. And with the download of a small program, all pertinent information about the hardware and software specifications for a user's computer may be relayed to the support operator directly, without having to walk a customer through personally collecting the data. In the past few years, virtually all businesses have become, to some degree or another, an e-business. The pervasiveness of Internet technology, readily available solutions, and the repeatedly demonstrated benefits of electronic technology have made e-business the obvious path. This trend continues with new technologies, such as Internet-enabled cell phones and PDAs, and the trend of e-business saturation will most likely continue for some time.
International Data Corp (IDC) estimates the value of global e-commerce in 2000 at US$350.38 billion. This is projected to climb to as high as US$3.14 trillion by 2007.
IDC also predicts an increase in Asia’s percentage share in worldwide e-commerce year-end of 2001 to $338.5 billion by the end of 2004. Asia-Pacific e-commerce revenues are projected to increase from $76.8 billion at year-end of 2001 to $338.5 billion by the end of 2004.
How to Make Money with E-bay Auctions
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| How to Make Money with E-bay Auctions |
Question : How do those people earn full-time incomes selling on eBay?
Answer : Professional eBay Power Seller Jason James has put together a great website that reveals the exact step-by-step methods he uses to make over $11,000 in profit per month right from his kitchen.
If you are tired of all the "Get rich on eBay" hype and simply want the facts about staring an eBay business, then this site is exactly what you're looking for. Jason shows you where to find hot products to sell, exactly how to sell these products, tips to maximize your profits and more (great for beginners).
Jason has been selling products on eBay for over 4 years and is a respected eBay Power Seller. His website, "The Auction Resource Network" is a no holds barred look at the inner workings of a his very successful eBay business from the inside out.
Step 1: Register as an eBay seller for free
If you've never used eBay before, you'll soon find that it is very easy (and fun) to use. It can even get addicting! eBay shows you the basics of making money with their user-friendly system. In just a few minutes, you'll be ready to start Making Money on eBay
- Register Free as an eBay Seller
How to Start a Business on eBay
These 2 guides tell you everything you need to know to start and grow your eBay business:- See How to Make Money Faster with Entrepreneur's Start-Up Guide
- All about the different types of online auctions
- The most profitable items to sell online
- How to use eBay tools to sell more on eBay
- Inside secrets from successful eBay entrepreneurs
Learn how to make money on eBay
Step 3 : Find Hot eBay Products at Wholesale- Sell Products on eBay Without Purchasing Products Up Front
It's simple: you can list hot-selling products on eBay (from Sony, Apple, Nautica, KitchenAid & more!), get paid on sales and have the items shipped to your customers directly from Doba.
RECOMMENDATION :
If you have determination and patience you are sure to prosper in an E-Business. According to me, Its easy to start an E-business. There are ways in which there is no cost at all for starting it, only few hours of dedication and smart thinking. Creativity also plays an important role as its all about being unique and different that will attract valuable customers.The most important aspect for me is Marketing of the E-business. If this is carried out effectively no one can stop you from earning a lakh per month.
CONCLUSION :
The feeding frenzy surrounding e-business may be new to this generation, but the same patterns of behavior occurred in the development of earlier technologies, including the steam engine, telegraphy, automobiles, airplanes, and radio. Similar to those culture-changing technologies, many lessons were learned during the e-commerce gold rush. Surely, its confusing, too many thought everything “e” was a magic bullet. But the technology that fueled that initial Internet bubble is what fuels the successful businesses of today. So, in the long term, e-business changed how business is conducted and it is here to stay. We are looking at the future business of the world.Download Link for Final Project Report
Download Link
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