What is e-commerce?
E-commerce is a combination of the words E and commerce in the English word ecommerce. Where E means electronic, which is complete, then electronic commerce will come. “If any goods are traded or exchanged through the Internet via electronic means, it will be called e-commerce.”
For example, if you need something, you buy goods from the Internet through a website like Flipkart, Amazon, and the goods are delivered to you, then the process will come to e-commerce. Amazon, Flipkart is the biggest example of this in India.
Types of e-commerce
If seen, there are mainly 4 types of e-commerce. They have different functions for any business and customer to use.
- Business to Consumer (B2C)
- Business to Business (B2B)
- Consumer-to-consumer (C2C)
- Consumer-to-Business (C2B)
Business-to-Consumer (B2C)
In this category, the process of e-commerce is directly between the business to the customer, which means that any customer can buy any product online from any business. Like Amazon, Flipkart, Snapdeal process in our country.
Business-to-Business (B2B)
When a company buys or sells products from another company, it will fall directly into the B2B category. Suppose if there is a mobile company, then it will need software and processor to make its mobile, then it will buy from another company, then its mobile will be ready.
Consumer-to-Consumer (C2C)
When a consumer sells or buys his product to another consumer, or this process will come to C2C. The biggest examples of this are websites like Olex and Quikr. On OLX, you can buy a product directly from a consumer who will need you, or you can sell your product.
Consumer-to-Business (C2B)
In C2B, any company buys any item for its need or takes service from a consumer. If a company needs software and website for its business, it buys all of this from a freelance developer.
How to do e-commerce business?
Starting an e-commerce business in India is not so difficult as people feel that you should have a good knowledge about it. If you know about it, you can start it yourself. People who already run their own shop or any of their products that they make themselves do not have to do much to get started, all they need is a website and bank account.
People who do not have their own product can also take help of those who have the product but do not know about online.
Advantages of E commerce website
- The biggest advantage of e-commerce is that you can easily work in national and international markets without investing much.
- It enhances your company’s brand recognition
- E-commerce helps to make working methods more efficient and easier and also makes work easier.
- E-commerce helps reduce product costs
