NoruRazak

Noru Razak

E-business Make It Easier For You

E-business Make It Easier For You

E-business is the electronic business that conducts online business processes on the web or internet and is used to describe financial transactions made or recorded electronically. This type of business changed many things in business life. Even transactions can be made through a watch or mobile phone. Innovations in technology and communications have enabled businesses to operate globally in unprecedented ways, and anyone can join the business with minimal modalities and expenses. So, they can save money, especially small business owners can save a tremendous amount of money at start-ups because they don’t have to pay for building maintenance, storefront, and utilities. To open an e-business is to pursue a dream of balancing professional goals with personal freedoms at a pace people can live with. The owner of the business can go from the manufacturer to the customer’s virtual cart, which saves on shipping costs and makes the products cheaper overall.

An e-business model is a method by which an organization sustains itself in the long-term using information technology, particularly the internet, which includes its value proposition for partners and customers as well as its revenue streams. E-business has four business models, and the first model is business-to-business (B2B), which applies to companies buying from suppliers and selling the products over the internet. The second model is business-to-consumer (B2C), which means the sellers offer their products or services to consumers online. The next model is a consumer-to-consumer (C2C), and this model applies to sites primally offering products and services to assist consumers interacting with each other over the internet the last model is a consumer to business (C2B), which any customer that creates their value and demand for products or services.

So, Industry 4.0 technology changes entrepreneurs in creating new businesses for the new market using the e-business model by revolutionizing the way companies manufacture, improve, and distribute their products. This improvement in digital technologies leads businesses to increase automation, predictive maintenance, self-optimization of process improvements, and a new level of efficiency, which can also make it easier for them to create new products or innovations from time to time. For the common e-business forms, the owners must provide digital content such as on YouTube, Tik Tok, Instagram, or anything else that they can use to attract people to choose and buy their products and services. They also provide the infomediaries that provide the specialized information about the products, the portals that become central websites to access specialized content, online marketplaces, and service 2 providers. Online selling allows entrepreneurs to collect, synthesize, and use customer information, which gives benefits when they have to run various customer retention activities.

The affiliate system that is being used in the Tik Tok application makes it easier for buyers and sellers to run their businesses.
The affiliate system that is being used in the Tik Tok application makes it easier for buyers and sellers to run their businesses.

The affiliate system that is being used in the Tik Tok application makes it easier for buyers and sellers to run their businesses. It is one of the e-business examples and is trending around the world nowadays. To become a seller on Tik Tok affiliate, they need to be a content creator and create a video about the product or services that they sell. After buying and selling at Tik Tok shop, all purchase data from the customer will be recorded in the owner’s account and show the three elements, which are: revenue, items sold, and orders from the customer. So, the system provided by the app helps the seller to do their business easily because they only have to follow the process and can then sell the product whenever they want and wherever they are. E-business functions and services range from the development of intranets and extranets to the provision of e-services over the internet by application service providers. Entrepreneurs are continuously rethinking and reshaping their businesses, influenced by futuristic technologies, customer expectations, hybrids and other sources related to business.

E-business allows entrepreneurs to increase productivity, lower costs, upgrade processes, and move forward in digital transformation. So, it helps them to be ready for future generations who might use the technology in advance. People will choose online shopping, online banking, and anything else with the internet over the physical process to make it easier for them to settle down their business. A visually beautiful and user-friendly website is essential for boosting a seller’s sales. Between physical and online advertising, we can see the different impacts of these two styles because, for now, people most likely interact with the visual style that has many versions, and sellers have their own ideas on how to make an interesting advertisement. e-business helps entrepreneurs be creative to attract customers to buy the products that they sell. 

Because a person who joins the e-business will compete with many people around the world who may provide the same products as theirs, the products that are provided online can also be low cost. So, it helps entrepreneurs have good competition through e-business. Through e-business, it helps people communicate with each other in a variety of ways that promote understanding, which can help the entrepreneur talk or explain their products or services to their customers. It builds better communication and faster decision-making between sellers and buyers because e-business allows it to happen quickly. It also helps sellers work with someone that doesn’t feel comfortable talking on the phone or participating in video chat because there is always another way to communicate, which is chatting and emailing. 

Everything with digital technologies that are involved in e-business can be easier to handle as long as the sellers know how to use them and explain to their customers the process that needs to be followed by the customers in order to purchase the products or services. Even people who don’t communicate in the same language can converse through translation software, and they can also buy the seller’s sales from any country without any obstacle. That is how e-business works and helps entrepreneurs go through their business in today’s version, in which people are living in a time where the internet is an integral part of their lives. Overall, consumers would prefer to shop online because it has information on everything, whether it’s selecting the best way to go to where people are going or doing the research before making a purchase. There is no disputing that we are edging closer and closer to an internet-dependent world. Furthermore, e-business also helps entrepreneurs who are struggling in their small business because it takes their business to people where it’s not possible for sellers to be present physically. 

Through e-business, it helps people communicate with each other in a variety of ways that promote understanding.
the sellers can provide services to clients across the nation despite just having one facility.

They can offer the products and services from one location to multiple ones by setting up an online business that provides these e-businesses things. As a result, the sellers can provide services to clients across the nation despite just having one facility. Using updated technologies, many entrepreneurs can build and improve their businesses easily. Their customer base might expand as the scope of their firm expands, directly affecting the volume of sales and increasing their revenue. However, with an online presence for the businesspeople, their customers can express their gratitude via social media profiles for the seller’s company. These reviews are publicly available for all to see, which allows them to persuade new users to become their customers. So, as we can see now, the provider in e-business can help entrepreneurs to grow their business and even people that have nothing to do, or maybe, whoever wants to have a side income can also join e-business to make and get income other than the job that they are doing in their daily life.  

Additionally, the entrepreneur can help the unemployment to get a job, such as being their helper, promoter, or anything that they can be for a living. In conclusion, entrepreneurs who use e-business as an excuse to completely redesign their business processes stand to benefit the most. Moreover, e-business is a useful technology that provides consumers with access to businesses and companies all over the world. It could facilitate consumers to find any similar things that they wanted if the first thing that they tried to find was not available or none of the sellers was selling the item. E-business refers to any method of using digital technologies for information and communication to support or 4 streamline business processes, from planning to implementation. It can also help entrepreneurs in many ways to grow their businesses because it allows companies to reach more customers in a much larger economic market and it allows businesses to sell their products and services to national and international markets. It is because many businesses do not shut down their websites, so sales can occur at any time.

For entrepreneurs, e-business opens the door to a plethora of opportunities. They can collect, synthesise, and use customers’ information thanks to digital marketing and online selling models. It is advantageous when they are required to manage various customer retention activities such as loyalty programmes and personalised offers. E-business also has four types of models which are business-to-business (B2B), like manufacturing materials, car parts, and clothing. These materials are a part of the transactions between two businesses. The second model is business-to-consumer (B2C) like Amazon or affiliates. The third and last models are consumer-to-consumer (C2C) and consumer-to-business (C2B). C2C is when consumers sell to other consumers through an online intermediary that takes a commission. C2B is where people can place contextual ads, promotional banners, or any other type of advertisement on their websites. People are hired to sell products and services to businesses. Finally, e-business helps entrepreneurs reach the maximum number of customers at the right time to increase sales and profitability.

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