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E-Commerce Essentials for Entrepreneurs

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0% found this document useful (0 votes)
6 views4 pages

E-Commerce Essentials for Entrepreneurs

Very nice notes

Uploaded by

Erick Muthomi
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

E-Commerce Notes for Entrepreneurship Education

1. Introduction to E-Commerce

E-commerce refers to buying and selling goods and services through electronic platforms. It
involves electronic transactions such as ordering, payment handling, and customer service
interactions.

Difference between E-Commerce and E-Business:

- E-Commerce focuses on online buying and selling.

- E-Business covers all online business activities including marketing, HR, and supply chain.

2. Importance of E-Commerce in Entrepreneurship

- Access to global markets

- Lower operating costs

- Convenience for customers

- Better customer data

- Enhances competitiveness

- Faster and automated transactions

3. Types of E-Commerce Models

- Business-to-Consumer (B2C)

- Business-to-Business (B2B)

- Consumer-to-Consumer (C2C)

- Consumer-to-Business (C2B)

- Government-to-Business / Government-to-Citizen

4. Components of an E-Commerce System

- Website or online store

- Digital payment systems

- Logistics and delivery systems

- Customer service systems

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- Digital marketing tools

5. Steps in Starting an E-Commerce Business

- Identify a business idea or niche

- Conduct market research

- Create a business plan

- Choose an e-commerce platform

- Register the business legally

- Source products

- Set up online payments

- Apply digital marketing strategies

- Manage logistics

- Launch and improve

6. Digital Payment Methods

- Mobile money

- Payment gateways

- Bank transfers

- Cash on Delivery (COD)

7. Digital Marketing Techniques

- Social media marketing

- Search engine optimization

- Email marketing

- Influencer marketing

- Paid advertising

8. Benefits of E-Commerce

- Wider market reach

- Reduced cost of business

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- Improved customer service

- Easy performance measurement

- Higher sales potential

- 24/7 operations

9. Challenges of E-Commerce

- Cybersecurity threats

- Poor internet connectivity

- Delivery delays

- Online fraud

- High competition

- Digital literacy gaps

- Payment failures

10. Legal and Ethical Issues

- Consumer protection

- Data privacy

- E-contracts

- Tax compliance

- Intellectual property rights

11. Trends in E-Commerce

- Mobile commerce

- Social commerce

- Dropshipping

- AI-powered customer service

- Virtual and augmented shopping

- Digital wallets

- Subscription services

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12. E-Commerce in Kenya / Africa

Examples include Jumia, Kilimall, Glovo, Uber Eats.

Government support includes iTax, eCitizen, and improved ICT infrastructure.

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