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Ecommerce and Web Malls

Ecommerce and Web Malls. Tony Leech. Ecommerce is one of the fastest growing business ventures available today. More and more people have stopped visiting malls, because they are crowded, take up a lot of time to get to, and to shop in, and items are sometimes out of stock.

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Ecommerce and Web Malls

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  1. Ecommerce and Web Malls Tony Leech

  2. Ecommerce is one of the fastest growing business ventures available today. • More and more people have stopped visiting malls, because they are crowded, take up a lot of time to get to, and to shop in, and items are sometimes out of stock. • Many consumers are now shopping on the internet. • Sales on the Internet reached more than 12 billion in 2003.

  3. The main types of Ecommerce • E-Tailing • Web Malls • Personal Selling

  4. E-Tailers • Retail stores- Target, Circuit City, Wal-Mart. • Catalogs- LL Bean, Pottery Barn. • Internet Only- Amazon.COM, CDnow. • Restaurants- Portillos, Lou Malnati’s. • Anyone can start their own E-Business • Business.Com helps you set it up.

  5. Advantages of E-Tailers • You can shop from home. • No driving around looking for a particular store. • No waiting in long lines. • Wide variety of merchandise available at the click of a button. • Searching for products is much easier. • Its easy to use, and doesn’t take a lot of time.

  6. Disadvantages of E-Tailers • Not receiving your item in a timely matter. • Item gets damaged during shipping. • Clothes or shoes purchased may not be right size. • If item needs to be returned, the consumer is out for the shipping costs. • Many consumers are wary of putting there personal information, such as credit card numbers out on the internet.

  7. Web Malls • A host site that acts like an actual mall. • Consumer is able to search by product category, and available links are posted. • WebSquare.Com contains many different product categories, with links to sites by corporations such as Best Buy, Amazon, and Toys “R” Us. • These sites work as a link to other E-Tailing sites, and get paid for advertising.

  8. Advantages/Disadvantages of Web Malls • All the products you may need are located in one place. • They offer discounts on certain products. • The site only contains links to larger corporations, so if you are looking for an abstract item, you will not find it.

  9. Personal Selling Sites • EBay and classifieds are the most popular. • These sites have exploded in popularity, with many new versions now available. • These sites offer just about any kind of product that you may need. • Items such as autos, antique records, baseball cards, rugs, and many other abstract things can be found.

  10. EBay Sellers • Buying and selling on EBay has become such a phenomenon that over 400,000 people are making a living selling merchandise on EBay. • Its relatively inexpensive to sell your items, so anyone can do it. • Even well established businesses are selling their new, and old merchandise.

  11. Weird EBay Sales • The Internet- asking price 1 million. • UFO detector- $135 • The meaning of life- $3.26 • Russian Test Space Shuttle- $25,000 • Vampire Killing Kit- $4,500 • Real Shrunken Head- $25 • Ghost in a Jar- No actual sale • Serial Killers Fingernails- $9.99

  12. Advantages of Personal Selling Sites • Consumers can find anything they are looking for. • Items are auctioned so there is usually no set price, making it possible to get items cheaper than retail price. • Entrepreneurs are making a living selling merchandise, so it helps stimulate the economy.

  13. Disadvantages to Personal Selling Sites. • Dishonest sellers/False advertising. • Shipping problems. • Fraudulence is usually not reported.

  14. Summary • Ecommerce is something that is continuing to grow more an more. • As more companies are going online, it adds a lot of convenience to the consumer who is now able to find whatever they want easily, and swiftly.

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