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e-Commerce System

The most guaranteed method of boosting your business

The New Trend of Online Business

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Electronic commerce is generally considered as the new trend of online business. e-Commerce is a term for any type of business, or commercial transaction that involves the transfer of information across the Internet. This is an effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business.

e-Commerce allows consumers to electronically exchange goods and services with no barriers of time or distance. e-Commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate.

Malaysian spent RM1.8bil shopping on the Internet last year, and this figure is expected to almost triple in three years, according to the Nielen Company study. Malaysia online shopping trend would continue to grow as Malaysians were finding great value in buying products and services via web as part of their daily lives.

The study, commissioned by PayPal, also found that Malaysian were spending more on local websites with transactions worth RM825mil, compared with foreign websites which only recorded RM 627mil in receipts. The main reasons Malaysia bought from overseas websites were because overseas website had the products available (65 per cent), wider choice (55 per cent) and higher quality products (36 per cent).

The above numbers indicate there is a huge business opportunity in online shopping for those organizations whose have large number of member database; especially the established corporate would have the added advantages.


Type of "e-Commerce"

  • B2B (Business to Business) — This kind of e-commerce involves companies doing business with each other. One example is manufacturers selling to distributors and wholesalers selling to retailers.
  • B2C (Business to Consumer) — This is what most people think of when they hear "e-Commerce." B2C consists of businesses selling to the general public through shopping cart software, without needing any human interaction.
  • C2B (Consumer to Business) — This allow a consumer post a project with a set budget online, and companies bid on the project. The consumer reviews the bids and selects the company.
  • C2C (Consumer to Consumer) — This type of e-commerce is made up of online classifieds or forums where individuals can buy and sell their goods.

How e-Commerce System Can Help Your Business?

e-Commerce is the most guaranteed method of boosting your business and enjoying consistent profit.

e-Commerce aids you in developing the ability to attract new customers and deliver them satisfactory shopping experience.

'The road to creating a successful online store can be easy if aware of e-Commerce principles and what e-Commerce is supposed to do for your online business.'