What Is e-commerce
Have you ever bought shoes, jackets or anything else on the Internet? Or, perhaps you have used the Internet to sell your old mobile or laptop? If yes, then you have participated in e-commerce.
1) E-Commerce Meaning
E-commerce, also known as electronic commerce, is a process by which business and consumers sell and buy goods and services through an electronic medium.
2) E-Commerce History
E-commerce began in the 1960s when businesses began using Electronic Data Interchange (EDI) to share business documents with other companies. In 1979, the American National Standards Institute developed the ASC X12 as a universal standard for businesses to share documents through electronic networks.
It is impossible to think of e-commerce history without eBay and Amazon, which was among the first Internet companies to start electronic transactions. The rise of eBay and Amazon in the 1990s revolutionized the e-commerce industry. Users could now buy anything through e-commerce.
3) Types of E-Commerce
There are many types of electronic commerce
Generally, when we think of e-commerce, we think of an online commercial transaction between a supplier and a client. While this idea is correct, it can actually divide e-commerce into six major types, all with different characteristics.
There are 4 basic types of e-commerce:
1) (B2B) Business-to-Business :
Here companies sell products or services to other companies on the Internet.
In this type of e-commerce, there are two participants business, as a result, the volume and value of B2B e-commerce can be very large.
2) (B2C) Business-to-Consumer :
In this business, a business sells products or services directly to the consumer on the Internet. For example, you buy anything from Amazon, Flipkart or any other site.
3) (C2C) Consumer-to-Consumer :
When the consumer sells his product over the internet to another consumer, this transaction is called Consumer-to-Consumer (C2C).
In this, a consumer sells its own old car, a bike like other Kunjumar directly through the Internet.
4) (C2B) Consumer-to-Business:
In C2B there is a complete reversal of the traditional understanding of goods exchange.
An example of this is online requirements for creating a consumer web site, and many companies offer to build a web site for this at a good price. Similarly, holiday packages or insurance can be examples of this.
4) Advantages of E-Commerce
1) Increases convenience:
Customers can order goods according to their convenience by sitting at their homes. And its delivery is found at their home. This is the best shopping option for those who are always busy.
2) Can compare product and price:
While shopping, customers can compare the price of the item on many web sites, which gives them a good dill on the best product.
In addition, they can enjoy additional benefits such as discounts and coupons.
3) Easy Fund for Start-up:
Many people have a desire to do business but do not have enough capital to take up shop. Physical stores are very expensive on lease. E-commerce makes it easy to start and grow a business.
4) Influential: In a traditional business,
a lot of resources are spent to meet the needs of the business and this reduces the profit.
Resources are used efficiently in e-commerce as most business services are automated.
5) Access to the consumer:
Access to traditional businesses such as shops is quite limited, whereas, through the internet, the same business can sell their products and services to the world's consumer.
5) Disadvantages of E-Commerce
1) Poor quality products:
You can not check by looking at the product on the Internet. Therefore, false marketing and poor quality products remain at risk for your home.
In the box of mobile, there have been many cases of soap in the place of mobile in the box.
2) Unsolicited Purchase:
Online stores display a large number of their products and due to the convenience of online shopping, customers also purchase unwanted items.
3) Internet scammer:
The Internet is a good thing, but some people have decided to use it for the wrong reasons. Before purchasing any item on the internet, gather information about that web site and product.
4) Shortage of support after cell:
Consumers do not get good service when compiling them often on a wrong or defective product, and their money and time are wasted for this.
5) Delivery of goods can be delayed:
Sometimes the delivery of the product is delayed and it can also cause damage to the consumer with discomfort.
6) examples of e-commerce
•Quikr
•Olx
•Upwork
•eBay
•Fiverr
•Amazon
•Flipkart
0 Please Share a Your Opinion.: