What are the changes from traditional business model to e-commerce model

Difference between e-commerce and traditional business model:

(1) Transaction virtualization: in the form of transactions, traditional business is close to the spot transactions, buyers and sellers are face-to-face exchanges and negotiations, and the use of traditional methods of computation; e-commerce is through the transaction process of the tangible market electronic, networked and the market shape of the virtualization, diversification, so that buyers and sellers have greater time and space options.

(2) low transaction costs: in the transmission of information, the traditional business using letters, telephone, fax transmission of information, or staff oral communication, requires a certain cost; e-commerce implementation of "paperless trade", buyers and sellers through the network business activities, without the involvement of intermediaries, reducing the transaction of the relevant The link.

(3) High transaction efficiency: the traditional contact trading mode, in the personnel back and forth, information transfer on the delay of a lot of time, sometimes due to personnel cooperation and working hours, will delay the transmission time, losing the best business opportunities; e-commerce using the network information transfer, computerized automation processing to overcome the traditional trade mode of high cost, error-prone, slow processing speed and other shortcomings, greatly reducing the transaction time, improve the overall transaction time, and improve the overall transaction efficiency. Transaction time, improve the efficiency of the whole transaction.

(4) Transparency of transactions: buyers and sellers from the transaction of negotiation, signing and payment of goods, delivery notification and the entire transaction process are carried out on the network. Smooth, fast information transmission can ensure that a variety of information to check each other, can prevent the circulation of counterfeit information.