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 so, you have participated in e-commerce.
An e-commerce term is a short form of “Electronic Commerce”.
E-commerce, also known as electronic commerce, is a process through which businesses and consumers sell and buy goods and services through an electronic medium. E-commerce websites are really helpful in setting a business and we are an e-commerce website development company in Delhi to generate leads.
History of e-commerce:
E-commerce started in the 1960s when businessmen began using Electronic Data Interchange (EDI) to share business documents with other companies.
In 1979, the American National Standards Institute developed ASC X12 as a Universal Standard for businesses to share the document through an electronic network.
It is impossible to think of e-commerce history without eBay and Amazon, which was among the first Internet companies to start an electronic transaction.
The emergence of eBay and Amazon in the 1990s brought a revolutionary change in the e-commerce industry. Users could now buy anything through e-commerce.
Types of e-commerce:
There are many types of electronic commerce
Generally speaking, when we think of e-commerce, then we think of an online commercial transaction between a supplier and a client. However, this idea is correct, but in fact can divide e-commerce into six main types, with all the different features.
There are 4 basic types of e-commerce:
1) Business-to-Consumer (B2C)
In this business, a business sells products or services directly to consumer on the internet
For example, you buy anything from Amazon, 99wish, Flipkart or any other site.
2) Business-to-Business (B2B)
Here companies sell products or services to other companies on the Internet.
In this type of e-commerce, there are two participants business; consequently, the volume and value of B2B e-commerce can be very large.
3) Consumer-to-Consumer (C2)
When anyone sells his product to another customer on the Internet, then this transaction is called Consumer-to-Consumer (C2C).
In this, a consumer sells his former car, his bike like the bike, and other consumers directly through the internet.
Generally, these transactions are done through third parties, which provide online platforms. For this, many companies like OLX charge for service or offer free services.
4) Consumer-to-Business (C2B)
The traditional understanding of the exchange of goods in C2B is a complete reversal.
One example of this is to provide online inquiries to make a customer website, and many companies offer it to create a website at a good price. Similarly, holiday packages or insurance can also be examples of this.
Advantages of e-commerce:
1) Facilitates convenience: Customers can order the order of items at their convenience according to their convenience. And they get its delivery only at their home. This is the best shopping option for those who are always busy.
2) Compare product and price: At the time of making a purchase, the customer can compare the value of that item to many websites, which provides good deals on the best product.
With this, they can enjoy additional benefits like discounts and coupon
3) Easy-to-start fund: Many people have the desire to do business, but there is not enough capital to take the shop. Physical stores are quite expensive at the Liz. E-commerce makes business easy to start and grow.
4) Impressive: In order to meet the business needs in the traditional business, many resources are spent and this reduces profits.
Resource is used efficiently in e-commerce because most business services are automated.
5) Access to Customer: Access to traditional business such as shops is quite limited, whereas, through the internet, the same business can sell their products and services to the consumer in the world.
6) Prompt payments: Payment is fast using electronic or mobile transactions at online stores.
7) Ability to sell different products: Business can be flexible on the internet and businesses can sell many products or services simultaneously.