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HOW DIFFERENT IS GAMBLING E – COMMERCE?

E – Commerce has been in existence for a long time now and has made a significant impact in the area of global sourcing, import and export and international trade. Still there are several people out there who have no idea what e – commerce is, or what technology is used to run an e – commerce web site or business. This article will explain all such concepts and people can get rid of their ignorance for ever.

About 10 years ago, it was stated that e – commerce’s primary concept was not about bolting it with business, but utilizing the e – commerce technologies to carry on the business processes related to global sourcing, import and export and international trade in a more user friendly and convenient manner than the traditional methods.

E – Commerce covers business activities such as global sourcing, import and export and international trade across networks using information technology. So, fundamentally, it changes both the operational and cultural aspects of carrying on global sourcing, import and export, international trade and domestic trade. Though the end result of carrying on these business activities related to global sourcing, import and export and international and domestic trade are all the same, which is to earn profits, it is done by making sure that the output far exceeds the input. Certainly, you will be tempted to think that it is impossible for the output to exceed input, which is true in scientific terms. But in business, only the tangible things like raw materials are considered and intangible things such as planning, mental work etc are not counted. Therefore, the physics equations are not applicable here.

However, let us not concentrate on the differences between e – commerce and traditional business activities including global sourcing, import and export and international trade. By taking a simple example, in the traditional form of businesses, whether international or domestic, global sourcing or import and export, the travel agent post was very important. However, in the latest forms of business, the roles and activities done by travel agent is carried out by using web sites and other electronic technologies. If an agent wants to do some travelling for business purposes of global sourcing, import and export and international trade, he can complete most of the tasks on his own like booking tickets, booking hotel rooms and so on by using web sites meant for those purposes. However, in the traditional pattern this has to be through a travel booking agent. The travel agent will inform some of his agencies in those cities to make the booking for this traveller. This involved a lot of labour and was very time consuming which made travelling very expensive.

Therefore, it can be clearly seen that e – commerce and its technologies have changed the way global sourcing, import and export and international trade is carried out. E - Commerce has made these difficult activities, much easier to perform and has given a chance to small and even start up companies to carry out global sourcing, import and export and international trade. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.