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E-commerce: A new door of Business

E-commerce (Electronic Commerce) becomes popular today. Many people who are even not thought about doing business, are now trying to involve into e-commerce. E-commerce is the easy, smart process that actually attracts the people.

E-commerce is buying and selling products on the online platform or using internet. You can use your personal computer, laptop even mobile for operating your daily business work. In e-commerce you need not mandatory office room or employees. You can handle all the transactions by setting your home. Today, e-commerce creates a wide market place and anyone like – small businessman, freelancers or even though large corporation knocking the door of e-commerce. Therefore, in global economy e-commerce is now fastest growing industries and every year it grows 23%.

E-Commerce Models

There are four main categories of Electronic Commerce. Its transactions involve simple classification. So, the four basic electronic commerce models are given below –

  1. B2B (Business to Consumer) – In business to business transactions companies doing business with business. In this process the final consumer is not involve. It’s only involving manufacturers, wholesalers, and retailers and so on.
  2. B2C (Business to Consumer) – In the process of business to consumer the company directly sell their products to the consumers by using their personal websites or using internet. Like – Amazon, Jabong, Flipkart and so on.
  3. C2C (Consumer to Consumer) – In this process the consumer directly contract with other consumers. It helps general people to buy and sell their personal products like – OLX, Quikr, Bikroy.com and many like this.
  4. C2B (Consumer to Business) – In Consumer to Business process consumers provide products for sell to the company. like– IT freelancer

Top E-commerce builder site – Wix.com, BigCommerce, Shopify, WooCommerce, Weebly, Volusion, 3dcart

Why people think about E Commerce

  • Scope of business is huge. People can reach a wider market place as well as remove the geographical barrier.
  • Transactional cost would be lower. In addition, people can possible get higher margin.
  • Quick response to customer can possible that can saves your times, money and energy.
  • Serve customers 24 hours. That actually helps to engage with the customers all the time.