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Posted: August 19th, 2022
Computer Sciences and Information Technology
Different of Ecommerce and Dotcom
eCommerce is a subset of dotcom bubble that is flourishing in the business market. The companies involved earn revenue through each transaction to the consumers or other business in form of selling products and services. In the dotcom bubble, the eCommerce subset involves monetary transactions in every transaction. It should be understood that: Every eCommerce business is dotcom but not every dot is eCommerce.
The dotcom bubble allows communication between business partners. Dotcom facilitated the business agreement from consumer to business, business to business; basically, the buyer and the seller. Earlier, before the use of eCommerce, dotcom did not involve the products of the business, the business part was only communication between the buyer and seller.
The introduction of eCommerce allows the consumer to analyze the features of the product and negotiate the price through direct communication with seller. Ecommerce allows payment where the seller can receive the payment through agreed technological means whether after or before the transaction. The main advantage of using eCommerce is the ubiquity increase in sales through wide spread online marketing.
In eCommerce, the retail company does not require any premises to sell the products it uses the dotcom, website as a shop. The Retail company can easily identify the number of products sold over a given period of time through use of records from the website. The eCommerce platforms enhance the dealings of the retail online company and the consumer through allowing more features like monetary and product exchange.
eCommerce is flourishing in the business market due to its ability to connect the seller and buyer more effectively and efficiently. The eCommerce subset encourages monetary and product exchange through allowing more features of the real live transactions of a buyer and seller. The interactive engagement of the business partners is allowed. eCommerce allows the company to reach more people in a globally; anywhere in the world.
References
Oliveira, M. G., & Toaldo, A. M. M. (2015). New times, new strategies: proposal for an additional dimension to the 4 P’s for e-commerce dot-com. JISTEM-Journal of Information Systems and Technology Management, 12(1), 107-124.
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