| E-commerce has been around for quite some | | | | of import/export, global sourcing in context |
| time now and has been used in various facets | | | | of international trade and e-commerce. |
| of international trade including import | | | | |
| export of goods and services as well as | | | | Advertising: this model is similar to that |
| global sourcing of products and services to | | | | used in media such as television and radio |
| find out the best suited option in a | | | | wherein all the revenues are generated by |
| particular situation. Every successful | | | | advertising different products and services. |
| phenomenon such as e-commerce certainly gains | | | | Obviously trade in any form be it |
| scientific momentum and business models are | | | | international trade, import/export or global |
| developed for the same. These models tend to | | | | sourcing does play an important role via the |
| lend a rigorous basis for further development | | | | technology of e-commerce |
| of the discipline which is necessary for long | | | | |
| term sustenance of the same. Since e-commerce | | | | Subscription: in these sorts of websites |
| is being used extensively in all aspects of | | | | revenue is generated by subscription which is |
| import/export business, international trade | | | | paid either on weekly, monthly, quarterly or |
| and global sourcing, it was imperative that | | | | yearly basis as the case may be. E-commerce |
| different models come up for the description | | | | certainly makes use of this model in |
| of the same, some of which have been | | | | promoting products far and wide which is |
| discussed as follows. | | | | useful for import/export, international trade |
| | | | and global sourcing. |
| Vanity: this refers to websites which are not | | | | |
| started with a particular business or | | | | Storefront: these are the websites which sell |
| commercial motive but rather with an aim of | | | | actual products in the form of electronic |
| just projecting one's thoughts to the world. | | | | catalogue. Needless to say e-commerce tends |
| This may not seem relevant to international | | | | to play a most active role in this model by |
| trade, import/export or global sourcing yet | | | | getting utilized in international trade, |
| their existence in the arena of e-commerce | | | | import/export and global sourcing. |
| does contribute to the overall scenario of | | | | |
| things | | | | So we can see that the five business models |
| | | | can be extrapolated to fit most of the |
| Billboard: similar to billboards across the | | | | websites, although most websites cannot be |
| high street, a billboard website simply tends | | | | framed into a single of these models, rather |
| to generate revenue by providing information | | | | it is a combination of more than one model. |
| to potential customers about their products | | | | Whatever the case, these business models do |
| or services while the actual sale/purchase | | | | provide an important theoretical background |
| does not occur online but rather it occurs | | | | to the practical realities of e-commerce in |
| offline away from the virtual world. This | | | | the form of international trade, exchange of |
| certainly can contribute to the development | | | | goods via import/export or global sourcing. |