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What Is the Difference Between E-Business and E-Commerce

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Do you know the difference between e-business and e-commerce? Have you been using these terms synonymously and wonder if you are really using them correctly? In order to have a better understanding of these two terms, let us define each of them separately.

E-commerce or electronic commerce covers business activities that are conducted through the Internet or other electronic systems. In e-commerce, products and services are bought and sold over the Internet and transactions are completed automatically. E-commerce websites have the ability to accept orders online through a checkout feature that is provided by e-commerce or shopping cart software. E-commerce is grounded in the usage of technologies such as electronic funds transfer, online marketing, supply chain management, data collection systems, inventory management systems, and electronic data interchange.

E-commerce software solutions uses all previously mentioned technologies to create fully functional e-commerce websites. E-commerce websites are also called virtual storefronts or virtual malls, because they are known to be product catalogs. The stores selling products as opposed to services may offer tangible products as well as intangible ones such as digital downloads of music, software or books. To put this into simple terms, e-commerce is online trading. All business transactions are exclusively done through the Internet.

E-business or electronic business, on the other hand, is considered the integration of e-commerce activities into your company’s business flow. For example, you have a business, and you decide to start accepting purchases made online, then your company has transitioned from being a traditional business to an e-business. When the e-commerce activities become an integral part of your overall business that is when you can call your business an e-business. Businesses that integrate standard activities in their websites are called e-businesses because their website becomes a sales tool to generate even more profits.

An e-business is harder to maintain because merchants have to manage both the website and its other internal business functions such as the production of goods or services, product development, finance, human resources, etc. Most traditional businesses transition to e-businesses because they can capture more customers through the World Wide Web. It also makes their company more professional-looking and legitimate because customers can easily contact them through the website or look up their company profile to learn more about the business.

The terms e-business and e-commerce are usually used interchangeably, but it should be used correctly so that people will know the true nature of each. Now that you have a good idea of what differentiates the two, which direction do you want your business to move towards? Include it into your business plan so you have the right goal to aim for.



Source by Amy B Xu

Multi Level, Affiliate, Joint Venture, or Network Marketing: What’s the Difference?

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Have you been online and noticed all the ads and “hoopla” about Multi Level Marketing, Affiliate Marketing, or Joint Venture (JV) Marketing and wondering what the difference is? These three terms alone are everywhere, especially when it comes to making revenue online, and are synonymous with the term Network Marketing, where we all “network” with each other to make sales conversions.

There are many terms and confusing explanations. Here’s my view.

Multi Level Marketing may also be called Direct Sales Companies. A few of these that come to mind are companies like, Amway, Mary Kay, thirty-one, and Tupperware. These companies build their businesses by recruiting sales associates, or independent consultants, to join the “team” under them.

The associates in turn recruit others to sell the products, and recruit consultants likewise. Their commissions are paid on a tiered scale. The amount of your pay depends on the place you’re at in the company and how many recruits you have under you. The higher your level in the company the more percentage of commissions you take on your sales and on the associates under you.

Some may get the MLM confused with a pyramid. Here’s the difference: MLM’s have a legitimate product to sell you, and have low enrollment fees; a pyramid has high enrollment fees, and does not have a product to sell you. Plus, pyramids are illegal.

Affiliate Marketing brings to mind companies like Amazon, ClickBank, Google AdSense. These type of companies have established sites with vendors already in place, where you can sign up as an affiliate, promote vendor products and be compensated for it.

Joint Venture products brings to mind companies like Dow Corning (Dow Chemicals and Corning), Sony Ericsson (Sony Corporation and Ericsson Mobile Phones). With JV marketing you are joining with a partner to develop and/or promote a product. Another term that is used is “co-venturing.” These companies share expenses, revenues and assets.

Some say that MLM’s, Affiliate and JV Marketing are the same. I feel that there is a slight difference between the three. Again, here’s my view.

To recap:

Whichever marketing strategy you use is all up to your individual preference and gifts. Now that you know the differences, find the ones you like, and start generating your revenue! There are more opportunities than you can imagine.



Source by BG Jenkins