What are the main differences between traditional commerce and e-commerce?

The main differences between traditional commerce and e-commerce:

1. Transaction virtualization

The parties to the transaction conduct trade through the Internet, represented by the Internet, from seeking information, advertising, contact, negotiation, contracting, to payment and fulfillment of the contract, without the need to be carried out in person, all through the computer network to complete. Trading parties are through the push and pull interaction of electronic information, signing electronic contracts, complete the transaction and make electronic payments. The entire transaction is carried out in the virtual environment of the network.

2. Breaking through the time and space limitations

E-commerce through the information base as the characteristics of the online store for marketing, its sales space with the extension of the network system extends, there is no geographical restrictions. Customers that is, online users can decide on their own at any time of the day 24 hours of market research, shopping, payment, etc., to a greater extent to a greater extent to meet and facilitate the needs of users. E-commerce makes the business activities without national boundaries, no day and night.

3. Reduce circulation links, reduce circulation costs

Compared with traditional business activities, e-commerce can avoid many intermediate links, and even do not need intermediary participation; the further the distance, the cost of information transfer relative to the cost of telephone, fax, letter, etc., the lower the cost; shorten the time and reduce the repetition of information entry also reduces the cost of information; in the online product introduction, Publicity and other marketing activities than the traditional way to save a large sum of money; "paperless trade" can reduce more than 90% of the document processing costs; e-commerce makes the "zero inventory" of this advanced business concept becomes possible.

4. Can show products and services in all directions

E-commerce can utilize the performance of online multimedia to show products and services in all directions, such as function, structure, technology, and usage, without being confused by the appearance, packaging, and other factors, so that the customer is completely familiar with the goods before deciding to buy.

5. Extending the connotation of business

Traditional trade platforms are ground stores and so on, while e-commerce can be carried out in the office, cybercafé, home or even any place where a computer can be put down.