BUSINESS MODELS OF ELECTRONIC CIGARETTE COMMERCE
E - Commerce or
electronic commerce has been in
existence even before computer systems
were born. E - Commerce is used in a
wide variety of facets of international
business including import and export of
services and goods and also global
sourcing of services and products to get
the solution which is best suited in a
specific situation. Every victorious
phenomenon like the e – commerce gains
scientific momentum which results in
business models being developed for that
phenomenon. These models give a rigorous
basis for the further advancement of the
discipline and this is absolutely
necessary for the long term sustenance
of the discipline or technology. Since e
– commerce or electronic commerce is
extensively used in all the aspects of
global sourcing, international trade and
import and export business, it was
crucial that different models came up
for different situations, some of which
are given below:
-
Vanity – This term refers to web
sites that are developed to project
some one’s thoughts to this world
and not for commercial or business
uses. This may seen totally
irrelevant to global sourcing,
import and export and international
trade, but their existence on the
internet contributes to the whole
scenario or picture.
-
Billboard – Just like the bill
boards in real life which are seen
on high streets, a web site
displaying bill boards generates
revenues only by providing
information to customers about their
company’s services and products,
while the sale or purchase actually
occurs offline and not online. This
will certainly add to the over all
development of global sourcing and
import and export with regards to e
– commerce and international trade.
-
Advertising – This is just like that
model which is used in media like
radio and television where all the
income is generated through
advertisements of different services
and products. Trade in any of the
many different forms like global
sourcing, import and export or
international trade plays an
important role in commerce by using
e – commerce technologies.
-
Subscription – In this model income
is generated by giving subscriptions
which can be paid on yearly,
quarterly, monthly or weekly basis,
as is the case. This method is
widely used in e – commerce to
promote products and services far
and wide over the internet, which is
very useful for global sourcing,
international trade and import and
export.
-
Storefront – This model comprises of
web sites which sell the products
and services through electronic
catalogue. E – Commerce plays the
most prominent role here by
utilizing global sourcing, import
and export and international trade.
Therefore, almost all the
existing web sites can be categorized in
to one of these 5 models. In fact, most
of the web sites come under more than
one model. Whatever the case might be,
the business models will provide a
prominent theoretical back ground to the
practicalities of e – commerce in the
form on global sourcing, exchange of
services or goods through import export
or international trade. The models also
help amateurs to understand ecommerce
better.
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