What is online business?

• Online business - also referred to as e-business - is any kind of business activity that happens online (over the internet).

• A business owner who does any, or all, of their business using the internet, is running an online business. Running an online business can include buying and selling online, and providing an online service. A wide variety of businesses can be found online, in many different industries.

• Anyone can start an online business. If you have a unique product or idea, you can find a way to sell or trade it online.

It's just like a traditional 'bricks-and-mortar' business, except your office or shop is online, so you have to decide how it will look and appeal to customers.

> IBM was one of the first companies to use the term when, in October 1997, it launched a thematic campaign built around e-business.

Types of online business:

Online businesses can have different online business-fronts. There are 6 basic types of e-commerce:

1. Business-to-Business (B2B)2. Business-to-Consumer (B2C)3. Consumer-to-Consumer (C2C)4. Consumer-to-Business (C2B).5. Business-to-Administration (B2A)6. Consumer-to-Administration (C2A)

1. Business-to-Business (B2B)Business-to-Business (B2B) e-commerce encompasses all electronic transactions of goods or services conducted between companies.

2. Business-to-Consumer (B2C)The Business-to-Consumer type of e-commerce is distinguished by the establishment of electronic business relationships between businesses and final consumers.

3.Consumer-to-Consumer(C2C):Consumer-to-Consumer (C2C) type e-commerce

encompasses all electronic transactions of goods or services conducted between consumers.

4.Consumer-to-Business(C2B): In C2B there is a complete reversal of the traditional sense of exchanging goods. This type of e-commerce is very common in crowdsourcing based projects

5.Business-to-Administration(B2A):This part of e-commerce encompasses all transactions conducted online between companies and public administration.

6.Consumer-to-Administration(C2A): The Consumer-to-Administration model encompasses all electronic transactions conducted between individuals and public administration.

Advantages and disadvantages of online business:

• There are a lot of things to consider before making the decision to start or move an existing business online, particularly if you're not a computer or web guru, or haven't started a business before.

Benefits of doing business online may include:• cost savings in rent and staffing• greater flexibility and efficiency in product and service delivery• 24/7 accessibility to customers all over world/Country.• easier to compare prices• lots of choices

There can also be drawbacks in doing business online, such as:

• some technical or web knowledge may be necessary• software and hardware expenses• risk of online scams and fraud.• need for an internet connection• need for an internet access device

Laws of Online Business:

• Privacy: If you save contact and personal information from your customers, you are required, under the Privacy Act 1988, to make your customers aware of what you are collecting. You must also clearly explain how you will use their information.

• Intellectual property: You may encounter intellectual property (IP) issues when running your online business, such as potential copyright and trademark infringements.

• Digital Rights/Copyright: Personal data is not the only thing protected on the Internet. Digital works, including text, movies, music and art are copyrighted and protected via the Digital Millennium Copyright Act (DMCA)

• Electronic transactions: There is no legal difference between electronic and other transactions (e.g. paying for something with cash). This means the same laws apply to the transactions made on your website as the ones you might make at the supermarket.

Process:

Online business in Bangladesh

• Since 1970 to 2000 can be said that Bangladesh was almost in the darkest in e-Commerce business. The peoples even never imagine for e-Commerce.

• Since 2000 the students just waked up and started a revolution with computer work in every department in the every organization and also it’s going to involve most of the government project too.

• If we go the sites of Bikroy.com or ekhanei.com or the apnardeal.com the most successful e-Commerce business at present in Bangladesh then you can feels the scents of the e-Commerce booming.

They are also the pioneer of Classified Ad site of Bangladesh. Now a days peoples are reading newspaper in online and they do the business in the newspaper site also. We can also find different advertisement for business in the Facebook or twitter. So that people can easily see them and getting their shopping online. They are also the pioneer of Classified Ad site of Bangladesh. Now a days peoples are reading newspaper in online and they do the business in the newspaper site also. We can also find different advertisement for business in the Facebook or twitter. So that people can easily see them and getting their shopping online.

Types of product purchased on online:

This is very clear that the peoples of Bangladesh are going to purchase online like western or Europe. There are not many sites like them but its increasing day by day in the country and also spreading the rest of the district of Bangladesh. The government also taking part of that and taking many projects to build digital Bangladesh based on Online.

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