What is E-commerce ? E-commerce क्या है ? Types Of E-commerce! Consequences of E-commerce
Types Of E-commerce.
Advantages Of E-commerce.Disadvantages Of E-commerce.
Examples Of E-commerce.
Electronic Commerce :-
E-Commerce or Electronic Commerce potential shopping for and promoting of goods, products, or offerings over the internet. E-commerce is additionally acknowledged as digital commerce or web commerce. These offerings supplied on-line over the net network. Transaction of money, funds, and information are additionally viewed as E-commerce. These commercial enterprise transactions can be achieved in 4 ways: Business to Business (B2B), Business to Customer (B2C), Customer to Customer (C2C), Customer to Business (C2B). The fashionable definition of E-commerce is a business transaction which is came about over the internet. Online shops like Amazon, Flipkart, Shopify, Myntra, Ebay, Quikr, Olx are examples of E-commerce websites. By 2020, international retail e-commerce can attain up to $27 Trillion. Let us examine in element about what is the blessings and negative aspects of E-commerce and its types.
E-Commerce or Electronic Commerce
E-commerce is a famous time period for digital commerce or even net commerce. The title is self-explanatory, it is the assembly of consumers and marketers on the internet. This entails the transaction of items and services, the switch of money and the change of data.
So when you log into your Amazon and buy a book, this is a traditional instance of an e-commerce transaction. Here you have interaction with the vendor (Amazon), alternate statistics in structure of pictures, text, tackle for shipping etc. and then you make the payment.
As of now, e-commerce is one of the quickest developing industries in the international economy. As per one estimate, it grows almost 23% each year. And it is projected to be a $27 trillion enterprise by using the give up of this decade.
Types of E-Commerce Models
Electronic commerce can be categorised into 4 essential categories. The groundwork for this easy classification is the events that are concerned in the transactions. So the 4 simple digital commerce fashions are as follows,
1. Business to Business
This is Business to Business transactions. Here the businesses are doing enterprise with every other. The last purchaser is now not involved. So the on line transactions solely contain the manufacturers, wholesalers, shops etc.
2. Business to Consumer
Business to Consumer. Here the agency will promote their items and/or offerings at once to the consumer. The purchaser can browse their web sites and seem at products, pictures, study reviews. Then they vicinity their order and the employer ships the items without delay to them. Popular examples are Amazon, Flipkart, Jabong etc.
3. Consumer to Consumer
Consumer to consumer, the place the shoppers are in direct contact with every other. No organisation is involved. It helps human beings promote their private items and belongings without delay to an involved party. Usually, items traded are cars, bikes, electronics etc. OLX, Quikr and many others observe this model.
4. Consumer to Business
This is the reverse of B2C, it is a client to business. So the patron gives a right or some provider to the company. Say for instance an IT freelancer who demos and sells his software program to a company. This would be a C2B transaction.
What is E-Commerce?
Examples of E-Commerce
Amazon
Flipkart
eBay
Fiverr
Upwork
Olx
Quikr
Advantages of E-Commerce :-
E-commerce affords the agents with a world reach. They get rid of the barrier of location (geography). Now marketers and customers can meet in the digital world, barring the limitation of location.
Electronic commerce will notably decrease the transaction cost. It eliminates many constant expenses of retaining brick and mortar shops. This permits the organizations to experience a lots greater margin of profit.
It affords speedy shipping of items with very little effort on section of the customer. Customer complaints are additionally addressed quickly. It additionally saves time, electricity and effort for each the customers and the company.
One different gorgeous benefit is the comfort it offers. A purchaser can keep 24×7. The internet site is purposeful at all times, it does now not have working hours like a shop.
Electronic commerce additionally lets in the purchaser and the commercial enterprise to be in contact directly, barring any intermediaries. This approves for speedy verbal exchange and transactions. It additionally offers a treasured non-public touch.
Disadvantages of E-Commerce :-
The start-up prices of the e-commerce portal are very high. The setup of the hardware and the software, the coaching value of employees, the steady renovation and protection are all pretty expensive.
Although it can also appear like a certain thing, the e-commerce enterprise has a excessive hazard of failure. Many groups driving the dot-com wave of the 2000s have failed miserably. The excessive chance of failure stays even today.
At times, e-commerce can experience impersonal. So it lacks the heat of an interpersonal relationship which is necessary for many manufacturers and products. This lack of a non-public touch can be a drawback for many kinds of offerings and merchandise like indoors designing or the rings business.
Security is some other region of concern. Only recently, we have witnessed many safety breaches the place the facts of the clients used to be stolen. Credit card theft, identification theft etc. continue to be large worries with the customers.
Then there are additionally achievement problems. Even after the order is positioned there can be troubles with shipping, delivery, mix-ups etc. This leaves the clients sad and dissatisfied.
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