E-tailing or “virtual storefronts” on Web sites with online catalogs

Use of demographic data through Web links

Electronic Data Interchange (EDI)

Business-to-business buying and trading (B2B)

An important facet of e-commerce is online shopping. Online shopping was actually developed by Michael Aldrich in 1979. E-commerce has earned a foothold in the today’s world. Almost in each corner of the globe, people have accepted the advancing importance of e-commerce. It led to the development of electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

1. Electronic funds transfer – is the computer-based systems that are used to do electronic financial transactions.

2. Supply chain management – is the management of integrated businesses involved in providing products and services to consumers.

3. Internet marketing – is simply put, the marketing of products through the Internet.

4. Online transaction processing – is employed to facilitate and manage transaction-oriented applications through data entry and processing.

5. Electronic data exchange – this is the transmission of data between companies or organizations through electronic means.

6. Inventory management systems – it is electronically monitoring objects or materials through the use of barcodes, or other automatic identification for the inventory of objects.

Electronic commerce carried on among business is generally named B2B or business-to-business. Meanwhile, electronic commerce conducted between businesses and consumers is called B2C. E-commerce in reality falls under the umbrella of e-business and also embraces data exchange for the facilitation of the financial and payment part of business deals and transactions.

Find out more about E-Commerce principles and how you can boost your Company Sales with different Online Marketing strategies.