The internet presents a unique and unsusal channel for business as compared to older methods.It has several properties that make it very different from the ways of doing business in the past-the internet permits almost instant communication; messages sents in by email arrive at destinations across the globe in a matter of seconds; people can chat or talk online simultaneously while being located in different countries; images and sounds and video can be shared and broadcast instantly; the cost of sending messages is much lower than by physical means and it is possible to search vast quantities of information on the internet, something that was practically impossible in the manual methods of information exchange.
E-Commerce;The first few prominent e-commerce firms used the technologies such as HTML and email to set up business.The immense success of this business model led to more innovation and newer technologies being invented.
Portals;Web portals were one of the first e-commerce business to arrive after the commercial launch of the World Wide Web.
Search Engines; Search Engines are special programs built upon HTML to search information and data within web pages and categories them.
Direct Selling; Traditionally,goods are sold through a retailer where customers arrive at the premises, observe and examine the goods they are interested in,ask questions to the seller,if necessary and then make the purchase.Direct selling to consumers is often referred to as business to consumer (B2C) and commerce between businesses is referred to as business to business (B2B).
AUCTIONS;A typical auction is an aggregation of many buyers and sellers, where the sellers provide the items for sale and buyers price them according to some principles
Aggregators;In B2B markets,buyers and sellers may place their requirements and products on a single website that manages the bidding and sale process
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