E-commerce or electronic commerce is the process of buying and selling goods or services through the internet. In ecommerce all the traditional forms of trading methods reformed into electronic mediums, sale and purchase of services and goods take place within electronic mediums like Computers, Smartphone or electronic devices with an internet connection. E-business also refers to all aspects of operating an online business including money transaction.
There are different types of E-Commerce websites like retail selling websites, but there are many other forms of e-commerce websites like auction websites, business-to-business services, job portals, consultancy websites, finance management websites … etc. The history of ecommerce begins from August 11, 1994, where a man sold a CD by the band Sting to his friend through his website named NetMarket, an American retail platform. This is the first example of a consumer purchasing a product through the internet or “online shopping” as we commonly know it today.
- Business to Consumer (B2C):
When a business offers goods or services to an individual consumer (e.g. You buy a watch from an online retailer)
- Business to Business (B2B):
When a business offers goods or services to another business organization (e.g. A business sells Billing software to another business organization)
- Consumer to Consumer (C2C):
When an individual consumer offer a good or service to another consumer (e.g. you sell your old Smartphone via online marketplace to another consumer)
- Consumer to Business (C2B):
When a consumer offer products or services to a business or organization (e.g. A digital marketing expert offers search engine optimization service for a business)
- World Wide market reach
- A lot of choice for consumers
- Effective product/service distribution chain
- Low cost
These are some of the most popular examples of E-commerce websites across the world:
If you are looking forward to building, your own E-commerce website, DevaGyan Business Studio Kochi, Kerala is here for you