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E-commerce has been around for quite some time now and has been used in various facets of international trade including import/export of goods and services as well as global sourcing of products and services to find out the best suited option in a particular situation. Every successful phenomenon such as e-commerce certainly gains scientific momentum and business models are developed for the same. These models tend to lend a rigorous basis for further development of the discipline which is necessary for long term sustenance of the same. Since e-commerce is being used extensively in all aspects of import/export business, international trade and global sourcing, it was imperative that different models come up for the description of the same, some of which have been discussed as follows.

Vanity: this refers to websites which are not started with a particular business or commercial motive but rather with an aim of just projecting one's thoughts to the world. This may not seem relevant to international trade, import/export or global sourcing yet their existence in the arena of e-commerce does contribute to the overall scenario of things

Billboard: similar to billboards across the high street, a billboard website simply tends to generate revenue by providing information to potential customers about their products or services while the actual sale/purchase does not occur online but rather it occurs offline away from the virtual world. This certainly can contribute to the development of import/export, global sourcing in context of international trade and e-commerce.

Advertising: this model is similar to that used in media such as television and radio wherein all the revenues are generated by advertising different products and services. Obviously trade in any form be it international trade, import/export or global sourcing does play an important role via the technology of e-commerce

Subscription: in these sorts of websites revenue is generated by subscription which is paid either on weekly, monthly, quarterly or yearly basis as the case may be. E-commerce certainly makes use of this model in promoting products far and wide which is useful for import/export, international trade and global sourcing.

Storefront: these are the websites which sell actual products in the form of electronic catalogue. Needless to say e-commerce tends to play a most active role in this model by getting utilized in international trade, import/export and global sourcing.

So we can see that the five business models can be extrapolated to fit most of the websites, although most websites cannot be framed into a single of these models, rather it is a combination of more than one model. Whatever the case, these business models do provide an important theoretical background to the practical realities of e-commerce in the form of international trade, exchange of goods via import/export or global sourcing.

-Global Sourcing Overview

In international trade, global sourcing happens to be one of the chief aspects of import and export business. Global sourcing is an integral part of B2b scenario and has essentially transformed world economies as well as boosted business in a great way. Nonetheless, it is also giving great transformation to the work culture around the globe with China playing a lead role in global sourcing. Nevertheless, it is also transforming work cultures around the world silently with China business playing a major role.

Being an extension of open market dynamics, global sourcing facilitates the export and import of goods to be in the reach of several small and medium enterprises in different countries. In this b2b scenario, E-commerce plays an active role in the global sourcing where the business houses are putting in deep efforts and reaping the benefits. In this rally of export and import, traders happen to claim the share of the pie in global sourcing.

-E Commerce & Global Sourcing

Global sourcing is one of the widely known strategies of ensuring smooth business and access to markets in a cost effective manner. In such a scenario, E-commerce has brought in a new transformation. It has added to advantages like removing the barriers of time zones, differences in costs, geographical locations etc. This has resulted in a major push in development in infrastructure, technology and several other sectors across the globe. As we see, E commerce is driving the export and import and propelling the economic growth of numerous developing as well as developed nations. Business strategies are becoming easy to execute and business houses are having a wide range of options from where they can make their choices.

E-commerce has made the path of business smoother and has facilitated not only in lower cost, but also resulted in procuring material from places where there is specialization. Moreover, business negotiations are easier and decisions are quicker due to this boon. Driving the import and export business in this global sourcing scenario has opened new frontiers for higher growth. The ease in supply chain is one of the best advantages that has come from e-commerce in the global sourcing scenario.

China, a major player in the global sourcing scenario has reaped several benefits in the e-commerce enabled era. The use of internet has facilitated trade and boosted it at an immense rate. Business from all over the world has been bagged by this country in spite of the competitive market. Chinese traders have minted fast money and are still running in that race.

Since e-commerce involves various activities such as international trade, exchange of goods across borders in the form of import/export, and finding the right product at the right price in the form of global sourcing; it is clear that all these are commercial activities and require exchange of money. Money or profit making is the key driving force behind international trade in the form of import/export, global sourcing and so forth. Of course traditional methods of money exchange such as physical transfer of funds, cheques, drafts etc are not viable to be used with e-commerce activities.

Hence other forms of exchange are required such as electronic money, paypal, e-money, credit cards, debit cards and so forth. These are being used successfully in various aspects of e-commerce be it international trade, import/export or global sourcing. Wherever money or financial transactions are involved one of the greatest challenges and threats facing both the buyer and the seller is to ensure that money goes to the right person and right place in every transaction so that people are not discouraged to use e-commerce for import/export, international trade and global sourcing.

There exist several technologies which ensure the safety and security of e-commerce which is carried out across in the form of import/export, international trade or global sourcing. The technical details of these technologies related to e-commerce cannot be discussed in this article meant for general public but broadly speaking there are technologies like secure sockets layer and so forth.. Nevertheless it must be remembered that technological safety is only one aspect of the secure transactions, because the most vulnerable aspect in such matters is the human element involved. Needless to say, any transactions in respect of e-commerce, international trade, import/export and global sourcing have the human element and errors of commission or omission by the same can cause trouble sometimes. For example no matter how much secure technology is used to collect credit card information of a client, if the same client gets duped by a fake website and gives out his/her credit card information while carrying out international trade, import/export or global sourcing activities via e-commerce, the secure technology cannot be of much help.

Hence it can be said that e-commerce relies heavily on financial transactions carried out for the purposes of international trade, import/export and global sourcing. Therefore it should be ensured by all possible means that maximum possible security is achieved both from technological and non-technical aspects such as social engineering etc. Only then can e-commerce be accepted far and wide by all and sundry so that its usage in international trade, import/export and global sourcing continues to grow.

Business to business negotiations permit certain margins for cost over-runs unlike when you are global sourcing for own consumption by way of letting you monetize the B2B goods as they are available at your port. But on the B2B negotiation table for import/export, the best strategy to adapt is letting the opposite party do the bulk of talking and wait for loose ends to pitch in. Besides, this keeps your lacunas in your preparedness with regards to import/export procedure of that country.

Business to business negotiation is the crucial get-ahead tool in a global sourcing scenario. Import and export expertise apart, business to business negotiations take thorough understanding of local etiquettes and legal structures assume center stage. This article takes a peep into the role of B2B on import & export negotiation besides exploring business to business negotiation basics. The postulations of the article provide the framework for newer perspectives for business to business negotiation, with a lean on import and export in the global sourcing backdrop. Any B2B global sourcing tangle can be solved through business to business negotiation.

Have the meeting agendas communicated to each other ahead of arriving at the B2B negotiation table to avoid breakdowns. The following steps may be used in any B2B or import and export negotiations.

1. Endear yourself to your party by showing your concerns for the cultural differences and exhibit your interest in their etiquettes before moving onto import/export and financial negotiations.

2. Introduce yourself as a global sourcing representative for your company and you are in the import and export business for xx number of years.

3. Ask whether it is alright to get straight to the point and where they would like to begin from, hint them to start the talk.

Be warned that many B2B and global sourcing negotiations have flopped due to trivial reasons despite experience in import and export.

If you are interested with us, please visit the website tootoo.com (http://www.tootoo.com/?source=articles)
 

Business to business negotiations permit certain margins for cost over-runs unlike when you are global sourcing for own consumption by way of letting you monetize the B2B goods as they are available at your port. But on the B2B negotiation table for import/export, the best strategy to adapt is letting the opposite party do the bulk of talking and wait for loose ends to pitch in. Besides, this keeps your lacunas in your preparedness with regards to import/export procedure of that country.

Business to business negotiation is the crucial get-ahead tool in a global sourcing scenario. Import and export expertise apart, business to business negotiations take thorough understanding of local etiquettes and legal structures assume center stage. This article takes a peep into the role of B2B on import & export negotiation besides exploring business to business negotiation basics. The postulations of the article provide the framework for newer perspectives for business to business negotiation, with a lean on import and export in the global sourcing backdrop. Any B2B global sourcing tangle can be solved through business to business negotiation.

Have the meeting agendas communicated to each other ahead of arriving at the B2B negotiation table to avoid breakdowns. The following steps may be used in any B2B or import and export negotiations.

1. Endear yourself to your party by showing your concerns for the cultural differences and exhibit your interest in their etiquettes before moving onto import/export and financial negotiations.

2. Introduce yourself as a global sourcing representative for your company and you are in the import and export business for xx number of years.

3. Ask whether it is alright to get straight to the point and where they would like to begin from, hint them to start the talk.

Be warned that many B2B and global sourcing negotiations have flopped due to trivial reasons despite experience in import and export.

If you are interested with us, please visit the website tootoo.com (http://www.tootoo.com/?source=articles)