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Ecommerce and its future in Bangladesh

Ecommerce and its future in Bangladesh

Now a days e-commerce is very popular in the world. It started in the world in 1970 and in Bangladesh 1999. today many or the organization doing their business on internet. They combine business process and technology to maximize profit of the organization. E-commerce is a great opportunity to reach the business to whole world.

Now a days e-commerce is very popular in the world. It started in the world in 1970 and in Bangladesh 1999. today many or the organization doing their business on internet. They combine business process and technology to maximize profit of the organization. E-commerce is a great opportunity to reach the business to whole world.

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Ecommerce and its future in Bangladesh

  1. 1. E-commerce and its futureE-commerce and its future in Bangladeshin Bangladesh
  2. 2. Mohammad Shariful HaqueMohammad Shariful Haque BSc in CSEBSc in CSE Daffodil International UniversityDaffodil International University Email :Email : avash10@yahoo.comavash10@yahoo.com
  3. 3. CONTENTS Advantage and disadvantage of E- Commerce What is E-Commerce Importance of E-Commerce History of E-Commerce Process of E-Commerce Categories of E-Commerce Future of E-Commerce in Bangladesh Online Marketing
  4. 4. WHAT IS COMMERCE  According to Dictionary.com  Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer  It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities.
  5. 5. WHAT IS E-COMMERCE  Commonly known as Electronic Commerce.  It consist of buying and selling goods and services over an electronic systems such as the internet and other computer networks.  E-commerce is the purchasing, selling and exchanging goods and services over computer networks (internet) through which transaction or terms of sale are performed Electronically.
  6. 6. LOW ENTRY COST REDUCES TRANSACTION COSTS ACCESS TO THE GLOBAL MARKET  SECURE MARKET SHARE  SAVE TIME AND EFFORT  NO LIMITED BOUNDARIES OF THE BUSINESS. Importance of E-Commerce
  7. 7.  1970s: Electronic Funds Transfer (EFT) Used by the banking industry to exchange account information over secured networks  Late 1970s and early 1980s: Electronic Data Interchange (EDI) for e-commerce within companies Used by businesses to transmit data from one business to another  1990s: the World Wide Web on the Internet provides easy-to-use technology for information publishing and dissemination Cheaper to do business Enable diverse business activities History of E-Commerce
  8. 8.  Between 1997 and 2000, more than 12,000 Internet- related businesses were started with more than $100 billion of investors’ money.  The media coverage of the “dot-com bust” was extensive. However, between 2000 and 2003, more than $200 billion was invested in purchasing electronic commerce businesses.  After four years of doubling or tripling every year, growth in online sales slowed to an annual rate of 20 to 30 percent starting in 2001. The Dot-Com Boom
  9. 9.  A consumer uses Web browser to connect to the home page of a merchant's Web site on the Internet.  The consumer browses the catalog of products featured on the site and selects items to purchase. The selected items are placed in the electronic equivalent of a shopping cart.  When the consumer is ready to complete the purchase of selected items, he provides a bill-to and ship-to address for purchase and delivery The Process of E-Commerce
  10. 10.  When the merchant's Web server receives this information, it computes the total cost of the order-- including tax, shipping, and handling charges--and then displays the total to the customer.  The customer can now provide payment information, such as a credit card number, and then submit the order.  When the credit card number is validated and the order is completed at the Commerce Server site, the merchant's site displays a receipt confirming the customer's purchase.  The Commerce Server site then forwards the order to a Processing Network for payment processing and fulfillment.
  11. 11. Categories of E-Commerce o Business to Business (B2B) o Business to Consumer (B2C) o Business to Government (B2G) o Consumer to Consumer (C2C) o Business Process
  12. 12. BUSINESS-TO-BUSINESS (B2B)  B2B stands for Business to Business. It consists of largest form of Ecommerce. This model defines that buyer and seller are two different entities. It is similar to manufacturer issuing goods to the retailer or wholesaler.  E.g.:-Dell deals computers and other associated accessories online but it is does not make up all those products. So, in govern to deal those products, first step is to purchases them from unlike businesses i.e. the producers of those products.
  13. 13. BUSINESS-TO-CONSUMER (B2C):  It is the model taking businesses and consumers interaction. The basic concept of this model is to sell the product online to the consumers.  B2C is the direct trade between the company and consumers. It provides direct selling through online. For example: if I want to sell goods and services to customer so that anybody can purchase any products directly from supplier’s website. For example amazon.com is the biggest B2C organization in the world.
  14. 14. BUSINESS-TO-GOVERNMENT (B2G)  On the Internet, B2G is business-to-government (a variation of the term B2B or business-to-business), the concept that businesses and government agencies can use central Web sites to exchange information and do business with each other more efficiently than they usually can off the Web.  For example, a Web site offering B2G services could provide businesses with a single place to locate applications and tax forms for one or more levels of government; provide the ability to send in filled-out forms and payments; update corporate information; request answers to specific questions.
  15. 15. CONSUMER-TO-CONSUMER (C2C)  A business model that facilitates an environment where customers can trade with each other. Two implementations of consumer to consumer markets are auctions and classifieds. The goal of a C2C is to enable this relationship, helping buyers and sellers locate each other.  For example bikroy.com and ekhanei.com are two C2C market place where customer can buy and sale products through internet.
  16. 16.  Gain New Customers With Search Engine Visibility  Reduce Costs  Locate the Product Quicker  Easy access 24 hours a day  Eliminate Travel Time and Cost  Provide Comparison Shopping  Enable Deals, Bargains, Coupons, and Group Buying  No Need for a Physical Store  Lots of Choices Advantages of e-commerce
  17. 17.  Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money.  There is no guarantee of product quality.  There is the possibility of credit card number theft  There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack.  Needed internet connection to assess the site. Disadvantages of e-commerce
  18. 18.  Online Marketing is the marketing of products or services over the Internet & it ties together creative and technical aspects of the Internet, including design, development, advertising and sale.  Online marketing is used by companies selling goods and services directly to consumers as well as those who operate on a business to business model. Online Marketing
  19. 19.  Email Marketing Email marketing is promoting products through the use of email  Social Media Marketing Social media is very popular right now. We can tap into that popularity by using social media to sell your products  Digital Marketing With regards to the Internet, this is the promoting of brands using all forms of online digital advertising channels to reach consumers  Blogging It is another way of online marketing which very popular today. By the use of blogging we can sale our product or service to the user on the internet. Online Marketing
  20. 20. FUTURE OF E-COMMERCE IN BANGLADESH  Now a days e-commerce is most popular in the world. Many organization start their business through internet in Bangladesh. Bangladesh government has taken a goal to digitalize Bangladesh which plays an important role in e- commerce of Bangladesh.  E-commerce in Bangladesh actually stated in the year of 1999 based in USA with some non- resident Bangladeshis. This people opened some Bangladeshi sites focused on providing local news and some transactional things like sending gift items to Bangladesh. www.munshigi.com is the first ever Bangladeshi e-commerce website.
  21. 21. FUTURE OF E-COMMERCE IN BANGLADESH  The future of e-commerce in Bangladesh may be prosperous. Today’s young generation is being inclined to technology more and more. They are very interested to discover any new technological offering and advantages. Although ours is poor country majorities of our educated people today has a personal computer and have access to the internet. Companies are also becoming more and more technology oriented. To remain competitive in the industry, to sustain in this competitive age of globalization it is must to use internet to get updated information about market changes, opportunities and threats.

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