Everything You Need To Know About E-Commerce
Everything You Need To Know About E-Commerce
♦ E-commerce refers to any form of business transaction conducted online. The most popular
example of e-commerce is online shopping, which is defined as buying and selling of goods via
the internet on any device
♦ This means that whenever you buy and sell something using the Internet, you’re involved in
e-commerce
E-commerce enables the use of E-commerce automates the Using e-commerce, orders for the
credit cards, debit cards, smart business of enterprises and the products can be generated
cards, electronic fund transfer via way they provide services to their anytime, anywhere without any
bank's website, and other modes customers. It is available anytime, human intervention which gives a
of electronic payment anywhere big boost to existing sales
volumes
What Features Does E-commerce Provide?
- An online store or any other type of e-commerce business, has the whole world as its market
- Another great benefit of running an online business is that it is always open. For a seller, it’s a
dramatic increase in sales opportunities; for a customer, it’s a convenient and immediately available
option. Unrestricted by the working hours, e-commerce businesses can serve customers 24/7/365
- E-commerce businesses benefit from significantly lower running costs as there’s no need to hire staff
or maintain a physical storefront
- E-commerce businesses can automate their inventory management by using electronic tools to
accelerate ordering, delivery and payment procedures
- Running an e-commerce business means that you don’t need to sit in an office from 9 to 5. A laptop
and a good internet connection is all it takes to manage your business from anywhere in the world
Retail vs. E-commerce
Alibaba is China’s, and by some eBay is another popular online Amazon is one of the world’s
measures, the world’s biggest online marketplace that connects sellers largest online marketplaces,
e-commerce company. It has and buyers. eBay offers products offering extensive selections of
millions of users, and hosts millions of in several categories, including books, electronics, apparel,
merchants and businesses. Alibaba electronics, cars, fashion, accessories, baby products,
handles more business than any collectibles, and more and more
other e-commerce company
Ecommerce Success Worldwide
Internet Users
♦ Long gone are the days when people used to carry around wads of
cash. In the modern world, people prefer digital wallets - an electronic
device or online service that allows you to make electronic
transactions. This can include purchasing items on-line with a computer
or smartphone
♦ It's estimated that there will be 2.05 billion global digital buyers in 2020
and ecommerce sales are expected to account for 15.5 percent of
retail sales worldwide
Alibaba & Daraz