What is e-commerce?

byE-Commerce and Digital Marketing •1:18 PM

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E-commerce

E-commerce means any form of business transaction conducted online.
E-commerce means selling or buying any kind of goods and services online using some internet medium.
E-commerce refers to commercial transactions conducted online. This means that whenever you buy and sell something using the Internet, you’re involved in e-commerce.
On the other hand, it can be defined as "Sharing business information, managing business relationships and facilitating transactions with Internet technology (linking buyers and sellers)".

Electronic commerce or e-commerce is a term for any type of business, or commercial transaction, that involves the transfer of information or goods across the Internet.
It covers a range of different types of businesses, from consumer-based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations like Amazon, Flipkart, etc.
It is currently one of the most important parts of the Internet to get successful.
E-commerce allows consumers to electronically exchange goods and services with no delay of time or distance.
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.
These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
The terms e-commerce and e-business are often used interchangeably.
Note:-The term e-tail is also sometimes used in reference to the transactional processes for online shopping.

It speeds up the buying process and saves time for customers.
Provide flexibility to the customer to buy products 24/7.
It personalizes the store as per the customer's expectation.
Keeping in contact with customers is often easier for e-commerce businesses.
It reduces recurring costs while hiring virtual support resources.
Avoid human error while dealing with customers.
It can easily re-target your customers.
It can provide you less store setup cost and quick ROI (Return of investments).
E-commerce also allows your business to scale up easier than physical retailers.
There are lots of reviews available for every product.
Able to provide detailed information to the customer about any product.
Best Quality of services in reasonably low operation cost.
No Geographical limitation, tap the global market from day one.
It provides the facility to compare products and prices.
Environment – Friendly.

Lack of personal touch.
It is difficult to try before buying.
Security and credit card fraud are also huge risks when dealing with online shopping.
It is always unsure about the quality.
There is always the possibility of site crash issues.
Price comparison is a major advantage for online shoppers that can restrict businesses.
Possibility of late Delivery.
Shipping is convenient for consumers, but it adds inconvenience to the business.
Security issues.
It requires High Internet bandwidth.
Some products are difficult to purchase online.
E-commerce is highly competitive.

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