| E-business is a term used for the process of | | | | |
| doing business electronically, i.e. through | | | | Internet business offers a great opportunity |
| the Internet. Many people mistake it with | | | | of personal income through your own business. |
| e-commerce though e-business has wider scope | | | | The set-up cost is very low as compared to |
| than e-commerce. The latter describes only | | | | the other businesses. You just need to have a |
| B2B transactions. In an e-business, | | | | well connected (with internet and other |
| partnership implies coupling and building | | | | equipments) computer at home. To begin |
| virtual enterprise. The term e-business a new | | | | business, you have to buy a domain name and |
| concept that has emerged only after business | | | | web hosting service. You can act as a |
| through Internet came in practice. E-business | | | | re-seller through internet business. You have |
| has changed the trade scenario with lots of | | | | to connect with the customers and take their |
| additional facilities and by decreasing the | | | | demands. Then you have to go through the |
| communication gap. It is a process that is | | | | dealers and order on the customers behalf. |
| completely information based and powered with | | | | You will earn commission from both sides on |
| web-based technologies. | | | | every sale. |
| | | | |
| Through e-business, working with partners and | | | | E-business is not a kind of business that has |
| clients has become very efficient. This | | | | the potential make you rich overnight. You |
| method enables the companies to link their | | | | have to show discipline and put hard work in |
| sales and purchase (of products and services) | | | | order to establish yourself and let your |
| with more flexibility towards greater | | | | online business grow. It is an excellent |
| satisfaction of the customers. Online | | | | medium to earn extra cash, but remember that |
| business can be conducted over the public | | | | it needs your regular attention. You can deal |
| internet and internal intranets. You can also | | | | in any product or services that suit your |
| go ahead with e-commerce over private | | | | interest or generate more profit. |
| extranets. | | | | |
| | | | The whole process of electronic business is |
| E-business mainly involves the processes of | | | | divided into three categories. |
| distributing, buying, selling, marketing and | | | | |
| servicing of the products and services over | | | | 1. Internal business system: It includes |
| Internet or over other electronic systems. | | | | costumer relationship management, enterprise |
| Internet business is aimed at commercial | | | | knowledge, workflow, document and human |
| transactions like; electronic fund transfer, | | | | resource management. |
| online marketing, supply chain management and | | | | |
| automated data-collection. | | | | 2. Enterprise communication and |
| | | | collaboration: This category includes the |
| E-business is more than e-commerce as it | | | | areas like content management system, e-mail, |
| covers all the business processes within the | | | | voice mail, discussion forums, and chat |
| whole value chain. This value chain involves | | | | system and data conferencing. |
| electronic purchasing, supply chain | | | | |
| management, processing orders electronically, | | | | 3. Electronic commerce: This is the last of |
| customer service and co-operation with | | | | the categories that include electronic funds |
| business partners. Exchange of data and other | | | | transfer, online marketing, e-marketing, |
| relevant information is amongst the major | | | | music downloads and online transaction |
| functions of e-business. | | | | processing. |