Is535 Final Course Project
Starting an E Commerce Online Business
Keller Graduate School of Management
Managerial Applications of Information Technology
11/12/2011
[Type the fax number]
Jamie Lynch You want to start an E commerce business selling your products and services online but how to get started?
Milestone 1
Problem:
The business problem to be solved is how can an entrepreneur start and maintain a successful E commerce business online?
Background:
The first key to starting a successful online business is to first understand ecommerce and how it operates. Most people understand that ecommerce or electronic commerce refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, it stretches beyond just the buying and selling of goods; it also includes an online process of developing, marketing, selling, delivering, servicing and paying for products and services. “The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction 's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well”. (Electronic Commerce, modified November 2011, Wikipedia). Today it is said to be over 29.7 billion pages on the World Wide Web. Ecommerce today has gained so much popularity because its core technologies are constantly evolving and keeping up with a technology based world. Each year the number of ecommerce deals grows tremendously. The sales volumes of on-line stores run in a more than comparable race with physical retail stores.
Methodology & Business Issues:
An E commerce business is in a total different ball
Keller Graduate School of Management
Managerial Applications of Information Technology
11/12/2011
[Type the fax number]
Jamie Lynch You want to start an E commerce business selling your products and services online but how to get started?
Milestone 1
Problem:
The business problem to be solved is how can an entrepreneur start and maintain a successful E commerce business online?
Background:
The first key to starting a successful online business is to first understand ecommerce and how it operates. Most people understand that ecommerce or electronic commerce refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, it stretches beyond just the buying and selling of goods; it also includes an online process of developing, marketing, selling, delivering, servicing and paying for products and services. “The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction 's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well”. (Electronic Commerce, modified November 2011, Wikipedia). Today it is said to be over 29.7 billion pages on the World Wide Web. Ecommerce today has gained so much popularity because its core technologies are constantly evolving and keeping up with a technology based world. Each year the number of ecommerce deals grows tremendously. The sales volumes of on-line stores run in a more than comparable race with physical retail stores.
Methodology & Business Issues:
An E commerce business is in a total different ball
Bibliography: Melissa C. Marsh, (May 2000), “Starting An Online or Web Based Business – Legal Issues To Consider”, Retrieved from http://www.yourlegalcorner.com/articles.asp?cat=comp&id=130 E K Gann, (April 26, 2007), “Advantages to Starting Business Online”,: http://EzineArticles.com/543022 Susan G Retrieved from: http://money.cnn.com/2007/06/04/magazines/fsb/online.marketing.fsb/index.htm DEREK GEHL, (December 29, 2006), “Improve Your Online Customer Service”, Retrieved from: http://www.entrepreneur.com/article/172294 NS Network Solutions, “NS Commerce Space”, (copyright 2011), Retrieved from: http://www.networksolutions.com/support/5-ecommerce-solutions-for-starting-online-stores-2/ Wikipedia, “Electronic Commerce” (modified 11/2011), Retrieved from: http://en.wikipedia.org/wiki/Electronic_commerce Entrepreneur, “How to Buy A Business,” (copyright 2011), Retrieved from: http://www.entrepreneur.com/article/79638 Inc, “How to Raise Startup Capital”, (December 7, 2008), Retrieved from: http://www.inc.com/guides/finance/20797.html Graham Charlton, “Selling on eBay and Amazon: pros and cons for SMEs”, (May 17, 2010), Retrieved from: http://econsultancy.com/us/blog/5918-selling-on-ebay-pros-and-cons-for-smes Art, “Pros and Cons of Shared Web Hosting”, (September 7, 2011), Retrieved from:http://webhostinggeeks.com/blog/2011/09/07/pros-cons-oshared-hosting/ Jin Guo King Foo Barbour, L. Ying Zou Queens Univ., Kingston, ON, “A business Process Explorer,” 10-18 May 2008),