e-Commerce

e-Commerce

E-commerce is only the way toward purchasing and moving produce by electronic methods, for example, by versatile applications and the Internet. Web based business alludes to both online retail just as electronic exchanges. Internet business has immensely expanded in prevalence in the course of the most recent decades, and in manners, it's supplanting customary physical stores.

Web based business empowers you to purchase and move items on a worldwide scale, twenty-four hours per day without acquiring indistinguishable overheads from you would with running a physical store. For the best showcasing blend and the best transformation rate, an Ecommerce adventure ought to likewise have a physical nearness; this is otherwise called a tick and mortar store.

Trade, be it barter exchange or buying and selling of goods and services has been prevalent for centuries. No one can be self-sufficient. And this brings out the need for demand and supply of goods and services. Transactions have been going on all over the world for centuries, locally, and across locations. Keeping the same concept in mind, now think electronic.

WHAT IS AN ECOMMERCE WEBSITE?

eCommerce websites are online portals that facilitate online transactions of goods and services through means of the transfer of information and funds over the Internet. In the early days, e-Commerce was done partially through emails and phone calls. Now, with a single website, anything and everything that a transaction needs, can be executed online. There are different e-Commerce websites for every field. The most common type is retail selling, but there are many others too, like auction websites, business-to-business services, music portals, consultancy websites, finance management websites, and the like.

Mobile Commerce simply means buying and selling of goods, done by customers using their mobile devices. With mobile devices taking over the planet, quite literally everyone uses their mobile devices more often than their laptops or desktops to browse the internet. There has been a huge increase in transactions done via mobile devices in the last few years so the benefits of mobile commerce are significant.

Different Types of eCommerce Websites

Different e-commerce websites are labeled or referred to differently, based on the function they fulfill.

1. Business-to-Business (B2B): Electronic transactions of goods and services between companies.

2. Business-to-Consumer (B2C): Electronic transactions of goods and services between companies and consumers.

3. Consumer-to-Consumer (C2C): Electronic transactions of goods and services between consumers, mostly through a third party.

4. Consumer-to-Business (C2B): Electronic transactions of goods and services where individuals offer products or services to companies.

5. Business-to-Administration (B2A): Electronic transactions of goods and services between companies and public administrations.

6. Consumer-to-Administration (C2A): Electronic transactions of goods and services between individuals and public administrations.

What Are the Benefits of E commerce

• • Global Reach
  • Always Open
  • Cost Savings
  • Automated Inventory Management
  • Laser Targeted Marketing
  • Location Independence