E-Commerce and E-Business are two completely different terms but unfortunately they are always used interchangeably by many of us. The reason behind this lies in the meanings of business and commerce in English language. But there is a difference between e-commerce and e-business. There are many people who understand the subtle differences between the two and there had always been a debate among these two groups about the differences and similarities between e-commerce and e-business. The aim of writing this article is to clearly bring out the differences between the two as both of them are completely different phenomenon.
The differences between the two are as follows:
1. E-Commerce is the subset of E-Business. If you remember the Venn diagram you studied in school then you can very well understand what I am trying to convey. The later one is a very broad concept while the former one is just a small part of it. This relationship will be cleared in the subsequent points.
2. Those activities which essentially involve monetary transactions are termed as e-commerce. However, e-business is a much broader term. There are many other things besides selling including but not limited to marketing, procurement of raw materials or goods, customer education, looking for suppliers etc.
3. To sell online is e-commerce but to bring and retain customers and educate them online about the product or service is e-business. Having a website to do it is not sufficient. But, having a professionally built website loaded with latest technologies to capture the attention of the visitor and win his/her appreciation is required. When money is involved then the first thing which user looks for is safety and security of his/her money. Having a website laden with such qualities is important.
4. When Dell sell computers, laptops, monitors, printers, accessories etc online then it is not engaged in e-commerce but e-business. Let me tell you how. When a visitor comes on the website, the first thing he see is website design and navigation as well as those things which are going to help him find what he is looking for and if he directly lands on the page he was looking for, he looks for the information related to it. The information provided should be appealing and clear maximum doubts of the visitor so as to convert him in a client. Till now no money has been exchanged nor been talked about. So, was this e-commerce? No, it is e-business which guides the visitor.
5. E-commerce has also been defined as a process covering outward processes that touch customers, suppliers and external partners while e-business covers internal processes such as production, inventory management, product development, risk management, finance etc.
In all, e-commerce can be described as the use of the Internet and the web to transact business. More formally, digitally enabled commercial transactions between and among organizations and individuals. On the other hand, e-business can be described as the digital enablement of transactions and process within a firm, involving information systems under the control of the firm. Moreover, e-business applications turn into e-commerce precisely when an exchange of value occurs.
Selling products online, as you’ve found, is a very easy and quick way to make money. You can literally make thousands, even hundreds of thousands of dollars doing this. However, there reaches a point where the product becomes unprofitable-at least in it’s present form. When that occurs, it’s time to put a new spin on the product. For most products, this doesn’t mean a complete overhaul, but rather opening the product up to a new market. This is done by turning the digital product into one that is physical.
Why to Turn a Digital Product into a Physical Product
So why exactly is it a good idea to take a digital product and turn it into a physical product? Well, that’s an excellent question that many skeptical internet marketers ask. Basically, the whole reasoning behind turning a product into a physical product is to expand the horizons. You have to realize that some customers don’t like buying a digital version of a product, but would definitely buy a physical one, provided its of good quality. This is the best reason for going through with a conversion from digital to physical, and it’s a very good reason, too.
The eBook: Possibilities Beyond Digital
The eBook is a product that is most commonly turned into a physical product. After all, the eBook is nothing more than a digital book, so it makes sense to turn it into a real book, a physical product. This type of product is by far the easiest to convert.
Changing an eBook into a physical product is as easy as printing out the pages and putting it all together. Of course, if you want the eBook to appear professional and like a regular book, you’ll have to have some of the same tools publishers have. Thus, you may need to hire a business to do the work for you. It’s an investment, but it pays off because a lot of people will want to buy the eBook if it’s an actual physical book.
Another possibility for converting the eBook into a physical product is to perhaps create a video version of the eBook. You can record the video yourself by using a cheap digital camcorder and then you can burn it to a DVD. Then you can use a cheap DVD labeler to label the disc and then sell that. Some people are visual learners, so they’ll be very interested in a DVD version.
Going with this same train of thought, you can also create an audio book. Once again, all that is necessary is some cheap recording equipment and a little bit of time, as well as a CD burner and CD labeler. The audio book is a very hot seller because of the fact that many people don’t have time to sit down and read, but do have time during their morning commutes to listen to a CD version of a book.
Software: DVDs and CDs
Another commonly sold digital product is that of software. Since the internet makes it easy to download software, many internet marketers think of this as being a good way to distribute their products to customers. However, some people are paranoid about losing a program due to viruses or spyware, and so they’d prefer to have a back-up. This back-up comes in the form of DVDs and CDs.
Turning software into a physical product is even easier than doing it with an eBook. All you’ll need is a CD or DVD burner and a labeler, as well as some cases. You might also consider coming up with a box design and packaging the product. For this, you may want to hire another business to do it for you. Whatever you end up doing, if you want this physical product to sell, you need to make sure it is as professional as possible. If it is, people will want to buy it.
Finding Quality Business Consultants
In our hyper-competitive world, many businesses are turning to business consultants in order to gain an edge over the competition. Business consultants can provide a point of view from outside of a business which enables the business owner to consider previously unidentified opportunities and threats.
Sometimes employing a business consultant can mean the difference between stagnation for a business and moving forward. There are several means to finding a reputable business consultant. A direct and common route is to contact a large consulting firm like Accenture. Businesses aren’t restricted to the large consulting firms, they can also consider accountants or lawyers for advice. Another method is to hire a business consultant directly by posting a job ad. Businesses can also choose to advertise on the Internet.
It’s possible to use specialist sites like Elance, Odesk and VWorker to hire a business consultant. The method you choose is less important, what is important is remembering that a good business relationship can take time to build. Sumir Adodra has established many successful, ongoing relationships for several years as a business consultant. A reputable business consultant like Sumir will possess many top qualities.
A business consultant needs to identify their client’s needs and so needs to be a good listener. The consultant should research the business and have a full understanding of the business that he or she is providing advice to. A consultant should understand what the company’s financial situation is, who it’s owners are and it’s history. Research should involve asking questions, meeting relevant personnel and looking at the financial situation of the company. The business consultant needs to understand the content on the client’s website. The consultant should be easy to contact and should have availability at the whim of the business owner. A reputable consultant will have a record of success that they are able to demonstrate and have a good level of business expertise. The consultant will give examples of where they have added value to a past client. Sumir Adodra is able to provide examples of this. Sumir has expertise in providing business consultant services and knows how to add value to his clients.
Any consultant should be straightforward with their fee charges. Consultants can work on an hourly basis or work for a fixed fee. It is good practice for a business to agree the work in advance since a consultant’s hourly rates can be high. Fixing the fee ahead of time can reduce any confusion over how long a job should take. Confusion about the cost of a job can be removed by fixing the fee for a project. It is important to get any contract in writing. This helps to lay out what exactly is required. The business owner should explain what they expect and also what is not expected in the contract. The contract should specify if any work will be subcontracted by the consultant. A delivery date for the work should be specified in the contract and it should then be signed by both the consultant and the business owner. The contract should also specify if the business owner will be responsible for any out of pocket expenses. Having terms laid out in writing in a contract will help to remove any confusion about the consulting process. Both the provider and the buyer should be absolutely clear about all terms and conditions. Payment deadlines should also be laid out clearly. Sumir Adodra is able to customize the contract terms depending on the client’s needs and charge either hourly or on a fixed fee basis.
RotaryView 360 Product viewer is one of the newest and most fully-featured web platforms for creating stunning online presentations for marketing your business and its products. In today’s three-dimensional world, the Internet is becoming more interactive than ever and website owners constantly need to find more ways in which to attract customers. RotaryView 360 Product viewer is a revolutionary platform which makes it easier and quicker than ever to create 360 degree rotating views for online presentations. The results not only look great; they’re also helpful to the potential customer, since they’ll be able to rotate the view 360 degrees to see all angles of the product.
If you’ve seen 360 product presentations on the web before, the first thing you might have thought is how hard it must be to implement such a thing. Fortunately, RotaryView is designed with user-friendliness in mind. It is intended for those who are not familiar with coding and those who want to save time and complications while still being able to enjoy the same results. The system is extremely simple to operate and no longer does this trend in web design need to be restricted to the professionals and expert coders.
RotaryView combines a variety of tools in one convenient package such as online marketing tools and social networking tools. Its tools can assist you in emailing products, spreading your marketing campaign throughout the popular social networking sites and much more. RotaryView also helps you to save bandwidth on your website, since all of the photos required for the 360 product photography presentation are stored on the RotaryView servers. Not only does this help to decrease the bandwidth that your website requires; it also makes it easier than ever to integrate RotaryView into an existing website.
Although RotaryView is useful for many types of web-based businesses, it’s particularly suitable for helping photographers to present their work online. It provides a great way of expressing talent in a new, unique and highly interactive way. With support for very high resolutions, the quality of the presentations can be nothing short of stunning!
When compared to other 360 degree photography software for the web, RotaryView’s solution provides several features that make it one of the best in its field. The user-friendly graphical interface, for example, sets it apart from many competing products due to its outstanding ease of use. Making your first presentation is pretty much just a matter of uploading your photo sequences and letting the software do the work for you.
Another characteristic of RotaryView which makes it unique is the fact that it works faster than just about any other solution. Speed is a major issue when it comes to browsing the web and, if potential customers are confronted with long loading times, they’ll quickly start looking elsewhere. Fortunately, RotaryView is very fast and the image rotates immediately when the viewer clicks and drags it, interacting with the image.
You can learn more about 360 product photography and see some examples of RotaryView in action at 360productviewer.org .
Online business has been booming for a decade and it is only growing. More and more people shop online not only for the physical goods instead of going to the regular shops, but digital product (software and ebooks) are soaring. You can start your own online business by selling software or ebooks digital goods that can be sold in thousands of copies online and make a fortune. In order to start selling your own digital product or software to your potential customers who are over internet, you have to be sure that your software would cater the needs of the clients.
There are a couple of steps you need to follow to start your successful online business:
1.To start with, you must engage yourself in a brainstorm session to get ideas on how to create a software product or an ebook that customers look for and would like to pay money. Usually your product should tell tell or tech your customer on how to make more money, how to save time doing some kind of a work or task/how to automate something, how to reduce time and work efforts and etc. If your product caters to one of these basic human needs then you have a winner that will definitely sell.
2.Then you need to either create a software program or write an ebook about your selected subject. Dont worry if you dont know how to do this. Simply find a freelance website and hire a developer that would develop a software according to your requirements you dont need to have programming skills here. If you are writing an ebook you can outsource all your writing work to freelancers people would collect information online about the subject and write an ebook for you. You just need to make sure to control them and follow with them in all the process.
3.Once you have a product ready you have to create a website and write a sales page that would describe your product and where people would be able to order it. Again, if you dont know how to design a website, you can hire a freelancer to do that for you. The same with sales page. Once you have a website ready, just order a domain name and web hosting service.
4.Now you have a website ready, a great product and you need to start accepting orders. How? You need to find a company that would allow you to sell digital products online and accept payments from your customers. You need to find a company that would let you place payment buttons on your website and accept credit card payments online.
5. You would add your product to their system, they would create payment buttons for you and this way you would be able to start selling directly on your website.
6.Start accepting credit card and Paypal payments directly on your sales page and enhance your business order cycle, efficiency and sales turnover. The credit card payments ensure a secure and convenient method to realize the payments for the business and increase the cash flow as well, since clients spend more on credit. One of such companies that allows you to process card payments online is Click2Sell. Just add your product, place payment buttons on your website and start promoting. Your customers will find your website, read the sales page and click on order button to get your product. Everytime they purchase you will earn money.
7.A disclaimer must be kept to inform the clients regarding any limitations of your software or digital products before finalizing the orders. This would definitely protect the business from handling future complaints and would help to build a trustworthy relationship with the clients. Good practice is to provide no questions asked money back guarantee. This is proven to increase your products conversion rates and more people will be willing to buy your product.
8.Once you have everything set up and ready all you have to do is just to start advertising your website online. Go and tell people about it post in the proper forums, gain backlinks, start building traffic to your website. Potential traffic = customers and this means money for you.
Whether you sell ebooks or software online it doesnt really matter. You can sell as many copies as you want each and every customer will result you in earnings and this way you will build a great online business.