Ecommerce One Of The Most Effective and Useful Ways of Conducting Businesses Through Online


About E-commerce:

Electronic commerce simply means buying and selling of products and services through the internet. No document or paper is used in it and the entire process takes place digitally. This way, any transaction that is completed solely through electronic measures can be considered e-commerce.

E-Commerce Categories:

The concept of E-commerce is subdivided into three categories:

1- Business to business or B2B (Cisco),
2- Business to consumer or B2C (Amazon),
3- Consumer to consumer or C2C (eBay).

Salient advantages of e-commerce:

Advantages to companies
1) While making a use of e-commerce, all business owners can expand their business beyond national and international boundaries even with the lowest investment.
2) One can have a quick, easy and affordable reach to more and more customers across the globe, best suppliers and perfectly suitable business partners.
3) One of the prime advantages of the e-commerce is that it reduces paperwork a lot and thus saves time.
4) While improving the brand image, e-commerce establishes your business identity globally with minimum efforts.
5) E-Commerce incredibly helps business owners to reduce the cost to create process, distribute, retrieve and manage the paper based information by digitizing the information in a lucid and crisp way.
6) Through e-commerce any organization can give better services to its customers just through the clicks of the mouse.
7) E-commerce makes the business process simpler and faster without any extra cost. It reduces the need of employing more manpower also.

Advantages to Customers
1) The concept of e-commerce has proved to be a boon for the customers wherein they can do transactions for the products or services they want to buy or take.
2) The uniquely-developed e-commerce applications offer a variety of options to customers and ensure quicker delivery of the products.
3) E-commerce offers absolute comfort to customers with which they can buy any product or services at the time that suits them best.
4) E-Commerce increases competition among the companies/sellers for making available their products and services as cheaper as they can, and as result, they have to provide substantial discounts to customers.

Advantages to society at a glance:
E-commerce has comforted and benefitted modern society like never before. With the advent of electronic devices to be used as buying and selling agents, the entire meaning of business has got a complete transformation. On the one hand, e-commerce has made the customer a king, and on the other, it has reduced the hassles of conducting business for entrepreneurs of all sizes and magnitudes. Now customers do not have to drive out for shopping, banking and billing purposes. It saves a huge amount of fuel and contributes to the environment of the planet.

The concept of e-Commerce has helped the government to deliver public services like health care, education and social services at reduced cost and in improved way. It has improved the living standards of the people and has comforted them in their day to day life. E-commerce has inspired or compelled manufacturers and service providers to bring affordability within the reach of all. With readily available information, now customers of all segments can very easily see the relevant detailed information within seconds rather than waiting for days or weeks. It helps them taking better and affordable buying decisions.

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