What is E-Commerce ? Meaning | Types | How to Use E-Commerce? An Overview

What is E-Commerce?

Understanding E-commerce in India

The internet business sector is well established in India. Also, every day some or another new player takes a plunge. However, the biggest contribution to its growth is given to the e-commerce industry. However, not many people understand the complexities involved in the e-commerce industry.

By e-commerce definition it represents commercial. Holding goods and services through electronic and online radio is called E-commerce. E-Commerce or E-commerce involves conducting business with the help of the Internet and using information technology such as Electronic Data Interchange (EDI). It refers to the website of a retailer that sells or provides services directly from its site to customers. They use a digital shopping cart system and allow payments using a credit card, debit card or electronic wallet transfer payments. The e-commerce industry helps to reduce the cost of managing orders while communicating with various providers and affiliate marketers. It includes any type of business transaction in which the parties meet electronically and not by physical exchange or direct physical contact.

With the advent of technology and the increase in consumer purchases across India, e-commerce is at the forefront of online business. Today, the number of internet users in the world is close to three billion, with the exception of India with a total of 259.14 million internet subscribers. Easy access to the Internet through mobile devices coupled with increased confidence of online shopping customers leads the way. As a result, an increasing number of people are signing up for e-commerce websites and buying products through mobile phones.

Commerce or e-commerce can be defined as the term used to describe the sale and purchase of anything good on the Internet, such as buying clothes, shoes, clothing or anything on the online platform, in simple terms, e-commerce is a process in which businesses and consumers sell and buy goods through electronic Medium. E-commerce includes online marketing, supply chain system, online transactions, mobile marketing and electronic data transfer, which helps businesses to grow and grow.

Ecommerce has removed the time and distance limit to buy or sell goods without having to deal with any permanent problems, in short, emerge as a business savior, provide a cool and fun business platform in which a business person can record your company's product online and grow your business differently, and by this you also bless consumers to get their desired product in an easy way without wandering here and there, your product with just one click away. The traditional way of buying and selling has completely changed after the advent of e-commerce in the Internet.

What are the Different types of E-Commerce??

Often, when most people are thinking about e-commerce, they are thinking about purchasing goods or services through the Internet. However, there is a specific way to look at the type of online transaction in terms of determining which category of e-commerce transfers falls under. and they all represent different purchasing power.

Visit us for an overview of Ecommerce platform : https://www.happieshop4u.com

There are six basic types of E-commerce - 

• Business-to-Business (B2B)

• Bus-to-Consumer (B2C)

• Consumer-to-Consumer (C2C)

• Consumer-to-Business (C2B)

• Business to Business to Consumer (B2B2C)

Lets Understand all the Platforms in Detail 

Business to Business (B2B) 

Includes full online business views that take place between two organizations, including purchase and purchase, supplier management, inventory management, channel management, sales operations, payment management, and service and support.

Business to Consumer (B2C) 

Business to Consumer E-commerce refers to the exchange between business and consumer. It changes the traditional way of doing business with a customer by getting the goods from the Manufacturer / Seller to the buyer directly.

Consumer to Consumer (C2C) 

Consumer Consumption involves consumer engagement. This transfer may or may not involve third party involvement.

Consumer to Business (C2B) 

 Consumer to Business is a new way of trading and brings back traditional trading models. Here, consumers provide services or goods to businesses and create value for the business.

Business to Business to Consumer (B2B2C) 

This is a variation of the B2B2C model where there is an additional business that facilitates the first business transaction with the end buyer. 

About this Article:

In this Article, we have tried to explain you the Definition of E-Commerce, Types of E-Commerce and Process of E-Commerce. Do let us know if the article was helpful for you and write to us for the topic you need.

That's all for now Folks!

Stay Connected!! Thank you !

Team

www.happieshop4u.com