So you have an ecommerce business that you’d like to sell. E-Commerce or Electronic Commerce means buying and selling of products, merchandise , or services over the internet. E-commerce is also referred to as electronic commerce or internet commerce. These services provided online over the internet network. Transaction of money, funds, and information are additionally considered as E-commerce. These business transactions can be done in 4 ways: Business to Business (B2B), Business to Customer (B2C), Customer to Customer (C2C), Customer to Business (C2B). The normal definition of E-commerce is a commercial transaction which is happened over the internet. Online stores like Amazon, Flipkart, Shopify, Myntra, Ebay, Quikr, Olx are examples of E-commerce websites. By 2020, world retail e-commerce can reach as much as $27 Trillion. Let us learn in detail about what’s the advantages and disadvantages of E-commerce and its types.
Take another example. It pertains to the amendment to Tourism regulation in the State of Goa. Goa proposes to regulate online service providers a.okay.a e-commerce platforms by mandating them to register in the state, make them responsible for high quality requirements, safety etc. Such state-wise compliances create hurdles in ease of doing business in India for these platforms. Operating in states which impose onerous obligations may result in lack of business interest by platforms in the relevant state, ultimately affecting state fiscal and consumers.
In order to furtherly strengthen the relationship with its customers and to assist the supply-chain, ERA has introduced the new eCommerce platform, an innovative software which simplifies the identification of references and permits to place orders in a few clicks, checking real time inventory availability and order status.
Social media can pave the way for ecommerce in two ways: social sites can facilitate a sale by directing shoppers to a merchant’s ecommerce site, or they can permit users to purchase something directly on the platform. Choose from a store with web hosting you could set up in only a few clicks, a store that is a hundred% customizable, or get help from an expert to construct your e-commerce website.
Ecommerce can seem scary to those who have never dipped a toe into the waters of cyber sales. This could be likened to the apprehension some have felt over the use of a cell phone instead of a landline, a phrase processor instead a typewriter or a computer instead of an encyclopedia. These are not necessarily Luddites, but they do possess a fear over the use of something they don’t understand.
2. Made to Order: This branch of manufacturing does precisely what it says on the tin- they produce orders as they come in. Just like the Made-to-Inventory business model, the inventory is pretty easy to handle. There should not be an excessive amount of loss because they only create products when a specific order comes by. However, as such, customers have to attend longer for their stuff to be delivered.
Niche Market Dominance – Because of the lower operating costs, the potential to target your ideal customer , as well as reaching a global audience that an ecommerce website brings, this ensures your companies profitability. For customers, ecommerce makes shopping from anywhere and at any time possible.