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E-commerce website are online portals that facilitate online transactions of goods and services through means of the transfer of information and funds over the Internet. Online portals are trending, many people think that e-commerce is the name of online shopping only. Its wrong e-commerce is, by nature, highly digital, so it’s no surprise that many merchants sell “e-goods” online. Common types of digital products include ebooks, online courses, software, graphics, and virtual goods. Now, with a single website, anything and everything that a transaction needs, can be executed online.E-Commerce (also known as electronic commerce) is a process of making money transfers and transferring data over an electronic medium (Internet).
There are six types of e-commerce websites and all of them represent a different purchasing dynamic.:
B2B e-commerce refers to all electronic transactions of goods and sales that are conducted between two companies.
Perhaps the most common form of e-commerce, B2C e-commerce deals with electronic business relationships between businesses and consumers.
This level of e-commerce encompasses all electronic transactions that take place between consumers.
Not the most traditional form of e-commerce, C2B e-commerce is when a consumer makes their services or products available for companies to purchase.
This e-commerce category refers to all transactions between companies and public administration.
Another popular e-commerce category, C2A e-commerce encompasses all electronic transactions between individuals and public administration.
Small business owners are facing a new truth – the world has moved online. This network allows people to do business with no barrier of distance and time. People are now using their laptops, tablets and even mobile phones to do more things including making purchases and even selling products via the Internet. Keeping in touch with the customers also helps a business owner in the long run.
E-commerce ensure your products and services to customer 24/7. It gives good exposure to your business and helps you to reach out to potential customers.
Following are the main advantages of e-commerce:
Listed advantages show that e-commerce is much more than buying and selling. Above all, in this hectic world, it saves time and allows to automate complex business processes that lay the foundation for integration of technologies like Artificial Intelligence, Social Media, and Virtual reality.E-commerce ensures very high efficiency in terms of supply chain management. By E-business the main profit is taken by the company because they are not waste their time to explain the product money its profit. No extra need for worker’s shops so I think the company also saves money.
There is a logical order in how you would go about building an eCommerce online store. Although setting up an actual online store would probably take less than a day, researching, building, launching and growing a profitable eCommerce business is a multi-layered process involving a number of steps and decisions.
These days, an increasing number of consumers prefer making most of their purchases online and in such a scenario, having an e-commerce website for your business is the need of the hour. The top reasons are listed below:
Having your own website is an important piece of your e-commerce strategy. It is a great way for you to grow your brand, acquire loyal customers, gain new insights, and get creative with your marketing.
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