Business

What is eCommerce and how does it function?

You’ll be relieved to learn that every time you completed an online purchase, you were a member of e-commerce. Let’s take a look at what e-commerce is and how it makes our lives simpler.

E-commerce is a form of electronic commerce. Buying or selling any product or service over the internet. E-business is another term for e-commerce. E-commerce stores, such as Amazon, Flipkart, and Alibaba, offer goods over the internet. We will learn about the past of E-commerce, its network, forms, and future in this article.

HISTORY OF E-COMMERCE

Michael Aldrich founded e-commerce in 1979. He used a telephone line to link his TV to a monitor. While this does not sound like e-commerce, the concept of online shopping began without the need to go shopping.

Since the average person did not have access to technology at the time, Bill Gates and Steve Jobs worked to get computers to the masses. Bill Gates has also stated that he wishes for computers to be installed in every home. Without a machine, e-commerce is impossible.

Then, in 1994, Jeff Bezos launched Amazon, the first e-commerce site.

In its first year, Amazon sold ten lakh books online; over time, Amazon grew to become the most popular e-commerce store, where everything is now sold. After 1995, citizens began to use machines, and businesses began to check for payment. There were no other options for payment at the time. Then, in 1998, PayPal arrived, making online payments easy. IRCTC launched E-COMMERCE in India in 2002. We can book train tickets online at IRCTC. When online train tickets became available. People didn’t have to wait in line for hours back then. When the idea of online booking in India was first introduced, it was a puzzle.

After IRCTC Airlines introduced the online booking option, AIRPLANE’s TICKET began to be booked online in 2003. Then, one by one, all airline companies began offering online booking. People’s money was saved as well, which they would have had to send to the middleman. Today, you can book everything online from websites like Bookmyshow and Yatra, including movie tickets, hotel reservations, and travel.

In October of 2007, FLIPKART made its debut.

E-commerce has been around in India since 2000, but it really took off in 2007 with the launch of Flipkart. Other firms, such as Amazon, Jabong, and Snapdeal, gradually began selling products in India.

What is the concept of an E-COMMERCE website?

E-commerce websites are online stores where you can purchase a product or service. Money is provided by online payment or cash on delivery on these websites and business license to sell in canada. Initially, e-commerce was conducted over the phone or by email. You can now purchase anything you want from the comfort of your own home through the internet. Wholesale sensors are the most popular retail e-commerce sensors.

What is the difference between retail and wholesale e-commerce?

TYPES OF E-COMMERCE

E-commerce will be very different as well.

Business to market – This is where companies offer products to consumers; you can also order a minimum product on these sites. These items will be shipped to your residence. Amazon, Flipkart, and Aliexpress are only a few examples.

B2B (business to business) – It sells products in bulk to other businesses. You must purchase Uttana because the seller has certain minimum requirements. India Mart, Trade India, and Alibaba are just a few examples.

C2C (market to consumer) – On these platforms, the consumer sells only to other consumers. eBay or Olx are two examples.

Advantages of e-commerce: There are many advantages of e-commerce, including:

GLOBAL AUDIENCE: Sellers and buyers can be found all over the world. You have the freedom to buy and sell goods from anywhere you want.

OPTION OF PRODUCT: You will find a large number of sellers in one place. You have a range of choices for the commodity with this. Whatever you want is your option.

LOW COST: As the level of competition rises, so does the amount of money available. This is advantageous to the customer. He saves money by purchasing the products online.

Because of the market’s low demand, many tech companies are focusing more on developing high-quality e-commerce web design. If you want to start an e-commerce business with an eCommerce website, there are many web design companies that can help you.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button