Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling goods or services using the internet. It doesn’t matter whether you’re on a smartphone or the web.
As long as you’re connected to the internet, you’re good to go.
Ecommerce is the exchange of goods and services between businesses and consumers through an electronic medium, without using any paper documents. It is also known as e-business, online business, or simply e-commerce.This term was originally used to describe the technology that enabled the first ever business-to-consumer online sale: a Sting CD sold by NetMarket, an American retail platform, in August 1994.
Types of Ecommerce
The four main types of ecommerce model are:
1. Business to Consumer (B2C):
“Business-to-consumer is a business or economic transaction between a company and a consumer. This term helps contrast businesses that sell to consumers,
who are the end-users of products, versus those selling to other businesses.”
2. Business to Business (B2B):
Your business can sell to other businesses. Carve out a niche for yourself by focusing on specific products,
industries, or customer types and use targeted services to find new leads that fit these categories.
3. Consumer to Consumer (C2C):
Sellers can be individuals or small businesses, who love to sell their products on eBay. Whether you’re a small business owner, you have old collectibles that you’d like to sell,
or you just want some extra spending money for the holidays—you can do them all with eBay!
4. Consumer to Business (C2B):
Lower your costs and scale your business quickly by selling to other companies. This business to business (B2B) marketplace makes it easy to create and manage offers, accept payments, and complete tasks.
You decide which sales channels to use, how much to charge, and how you want to receive payments.
Examples of Ecommerce
Ecommerce isn’t just about buying and selling things in an online marketplace. It can also involve business-to-business transactions, auctions, sales,
requests for proposals, electronic invoicing and payments, crowdfunding, and even electronic advertising.
A direct sale, or the sale of a product by a business directly to a customer without any intermediary.
The wholesale company sells products directly in bulk to other companies. These other companies use the merchandise either to resell them or to use them as components of their final products.
This product is sold by a third party and will be manufactured and shipped upon order confirmation.
way of financing the creation of something by raising necessary funds through donations from the public.
It’s a way of pooling support and resources around an idea or product you’re passionate abou
Click the Subscribe button on any eligible product to set up automatic recurring deliveries to your door.
You choose how often you’d like to receive a refill, and you can pause or cancel at any time.
Online shopping is the process of buying goods and services from merchants who sell on the Internet.
Since the emergence of the World Wide Web, merchants have sought to sell their products to people who surf the Internet. Shoppers can visit web stores from the comfort of their homes and shop as they sit in front of the computer. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management,
Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Government regulations for e-commerce
E-commerce transactions are still vulnerable to a range of threats, including fraud and hacking.
Protecting consumer information is high priority for online retailers. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping
B2B can be open to all interested parties or restricted to specific, pre-qualified participants.
e-commerce, businesses should authenticate business transactions, control access to resources such as webpages for registered or selected users,
and implement security technologies, such as the Secure Sockets Layer and two-factor authentication.