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Ecommerce 2.0

February 5, 2009 11:08 by Calvin Luttrell

Ecommerce is revolutionizing the market and trade of business. As each technology improves in its offering e-commerce too has spread its reach. Ecommerce 2.0 is likened to web 2.0 and treated as a proactive concept of ecommerce in tune with emerging technologies.

Important clichés of e-commerce in this scenario revolves around viral marketing, social networks and a conversational consumer market. To understand this aspect of e-commerce it is better to explore the functionality of few of them.

E-commerce today depends more on advertising networks. Advertising networks have evolved beyond facilitating sales. It has a significant share in the business industry. Web analytics provide software to analyze information and provide input to convert the visiting prospects into customers.

Youtube is cited as a major social network site where users participate in advertising a product. Amazon is evolving into an e-commerce based online community than an online book store with more user content in the form of reviews, ratings and generation of patterns to invite users to buy associated books and increase sales.

E-Bay is an ecommerce platform promoting customer to customer sales. It is customer participation in ratings and payment processing that drives the business here. It is the fact that clear value emerging from more customer participation in a venture drives E-commerce business today.

Bloggers can be identified as personal and professional bloggers. E-commerce deals more with professional bloggers providing free content. These bloggers generate revenue from paid advertisements. It is the goal of the bloggers that drives business. The goal is to attract attention to have an audience.

 

 


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September 7. 2010 02:15