Presentation of ICT Topic: “Doing Business in online world” Presented By Group 6 • • • • • Names : Roll Numbers Saad Saleem 18101002-020 Mazher Qayyum 18101002-096 Rehan Ali 18101002-179 Amina Akbar 18101002-150 What is Business? • Business: The activity of making one’s living or making money by producing or buying and selling products (such as goods and services.) A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. Business can be for profit entities or non profit organisations. What is Online Business or e-Business? • e-Business/e-Commerce: It is any kind of business or commercial transaction that includes sharing information across the internet. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business. Electronic Commerce focuses on the use of ICT to enable the external activities and relationships of the business with individuals, groups. While e-business refers to the business with the help of internet The term e-business was coined by IBM’s marketing and internet team in 1996. Early History of e-Business: In 1994 IBM began to use its foundation in IT solutions and expertise to market itself as a leader of conducting business on the internet through the term “e-business”. CEO Louis V. invest $1billion to market this new brand. In 1997 IBM give commercials of e-Business on different newspapers and journals. In 2000 the terms e-Business and and e-Commerce become popular and to do so IBM invests more $300 millions. Business Model of Online Business: Organisations have to decide which e-business models best suit their goals. A business model is defined as the organization of product, service and information flows and benefits for suppliers and customers. The basic concept of e-business model is same but used in the online presence. What is e-Commerce: Short for electronic Commerce. Trading in products or services using computer networks such as internet. E-Commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management etc. Modern e-Commerce uses World Wide Web and also other technologies such as e-mail. Factors that Impact e-Commerce Sales: Competitive Pricing. Product Quality. Shipping Time & Cost. Online Reviews. Easy Return Policy. Loyalty Rewards. Easy Navigation. Word od Mouth recommendations. Ease of Checkout Some Famous e-Commerce Websites: ebay.com Amazon.com Alibaba.com Daraz.pk Famous e-Commerce websites of Pakisan: Daraz.pk(9.3 million/month) Kaymu.pk(1.1million/month) HomeShopping.com(88lac/month) Symbios.pk(5.7lac/month) Shophive(4.8lac/month) Yayvo.com(4.6lac/month) iShopping.pk(4.3lac/month) Mega.pk(3.9lac/month) Telemart.pk(2.7lac/month) 24hours.pk(2.1lac/month) Advantages of Online Business: Low Financial Cost. Potential Income. Sell Internationally. Easy to Showcase Bestsellers. Personalized Online Experience. Affordable Employees. Easier to Encourage Impulse Buy.Easy to Retarget. Customers get a less invasive Experience. Gain Access To Customer Data easily. High Number of Orders. Disadvantages of Online Business: No One can Buy During a site Crash. Customer’s cant try before they buy. Ecommerce is highly competitive. Customers can be impatient. You need to ship your products. Physical Retail is still more popular despite decline.