#whatisecommerce

What is Ecommerce, from a technical point of view, eCommerce represents any type of commercial transaction you propose to carry on while utilizing the mode of the Internet. However, from a pragmatic point of view, it's much more than that. It's like the biggest phenomenon of this century. In a very simple language, Commercial Transactions Conducted Electronically On The Internet.

Ecommerce is definitely a miraculous way of adding up some extra lease of life to the business (products or services) that you run. Major business houses and countless commercial entities are resorting to the use of eCommerce portals as they invariably find it to be a perfect place to take their respective products as well as services off the ground.  

To make it work, all they have to think of is a bit of a digital campaign. With the campaigns taken care of, you are good to go. The best part is that these digital campaigns can be run in half the price of a full-length advertising and marketing initiative. So, it's quite evident that e-commerce is the gateway to a huge range of profit margins.

If you have already started thinking about how you can proceed with an eCommerce portal, you should spend some time to uncover some of the crucial details of the phenomenon step by step.

Types of Ecommerce

When we think about eCommerce we only think about buying goods & services with the help of the internet. We never thought our online transaction fall under which type of eCommerce category. There are 6 types of eCommerce, all of them refers to different buying dynamics & here is a list.

·         Business-to-Business(B2B)

·         Business-to-Consumer(B2C)

·         Consumer-to-Business(C2B)

·         Business-to-Administration(B2A)

·         Consumer-to-Administration(C2B)

Conclusion

According to market speculations, global eCommerce sales are anticipated to reach a whopping $27 trillion in the year 2020. Thus, it can be inferred that eCommerce is an upward trend.

What is Ecommerce, electronic commerce or popularly known as eCommerce, it means buying and selling goods & services using the internet? The best part of eCommerce is you can purchase products and services without any barriers of time & distance.

If we go deep in the history of eCommerce, the first eCommerce transaction took place on 11th August 1994. Since then, eCommerce evolved in such a way that now we can sell and buy any products effectively.

Evolution of eCommerce is not only beneficial for buyers, but for sellers as well, eCommerce is providing business opportunities and help business owners to grow their businesses.

Many studies predicted that in 2020 global eCommerce sales will reach $27 Trillion.

Types Of Ecommerce

There are four types of eCommerce,

·        Business to Business(B2B)

Business entity buys goods and services from another business.

·        Business to Consumers(B2C)

When a company sells products and services to the consumers.

·        Consumers to Consumers(C2C)

When a consumer sells good and services to another consumer.

·        Consumer to Business(C2B)

Consumer selling goods and services to the business.