What is E-Commerce
What is E-Commerce
E commerce stands for electronic commerce. E-Commerce is a platform for getting all your needs (clothes, electronics, phones, and many more) through the internet. Ecommerce helps you to get your products at your doorstep without any problem. You have to book your product and wait till it isn’t delivered to Your Door.
Understanding of ECommerce
E-Commerce is a booming industry in the future. we can conduct it over phone, tablet, or also on laptop. E-Commerce is an easy-to-use platform. we have to choose our product and it will come to our home. We also can return our product if we get some defective piece or the product we don’t like. We can find all our needs while sitting at home. There are two booming e-commerce platforms that have millions of customers. One is Amazon and the second is Flipkart. Amazon delivers approximately 1.6 million products in a single day. And Flipkart delivers approximately 3 to 4 lakhs plus.
Types of ECommerce
There are 4 types of ecommerce
B2B – business to business = B2B stands for business selling any goods or services to other businesses. Like a wholesaler and retailer.
B2C – business to customer = B2C business stands for direct business to customer. Like there is not any wholesaler or shop owner to sell you something. You can buy goods or services through business. People love this model because of its low commissions.
C2C – customer to customer = C2C stands for the customer to customer selling. Like a customer selling their goods and service to other customers. Like OLX, Fiverr, eBay Etc.
C2B – consumer to business = when a customer sells his goods and services to a business. There are some examples of C2B, freelancers, photographers, etc.
There is some advantages of it and also disadvantages
Advantage
Convenience = we can buy anything from anywhere 27*7*365. We don’t have to go anywhere to buy anything. We can buy products from anywhere we don’t need to go to any physical store to buy something.
Cashless transactions = The biggest benefit of e-commerce is that we use cashless transactions on these platforms. We don’t need to carry cash with us for shopping.
Global marketplace = We can also buy products from all over the world. We don’t have to go anywhere to buy their products. We have to go on their website and book our product and the product delivered in 5 to 7 business days.
No, reach limitations = there isn’t any reach your product can’t get. Your product can be famous in a few days.
Disadvantage
Lack of instant gratification = when you want to buy something, you have some excitement for the product. you bought that product and don’t be able to touch the product till when it isn’t delivered.
Limited Customer Service = If you are shopping for a mobile phone, you can’t ask an employee to prove a particular model’s features in person.
Inability to touch physical products = If you are purchasing clothes on an e-commerce website, there is one big problem: you can’t touch the products. You can’t check the right fabric of the product before purchasing.
How can you start and earn from e-commerce?
If you have your own business and you want to grow it more on an e-commerce platform. you can take advice from a digital marketing agency, and they can help you to increase your brand value in front of your targeted audience. Â Agency will help you in the digital marketing industry at the lowest cost.
Summary
E Commerce is the fastest growing platform. if you have your own physical store and you want to grow your business on the internet. You can start your business on e-commerce platforms for more business. Today 4.66 billion people use the internet and it’s 59.5% of the world’s population and it’s still increasing day by day. over 2 billion people are love to do shopping on e-commerce portals like (Amazon, Flipkart, Alibaba, Etc.)
