E-Commerce is the most effective way to promote your online media. Nowadays, most people are buying things online. Now, in India online shopping becomes the most used shopping source. People have trust in online stores and they wanted to buy things online without any doubt. This happens because of the great services provided on an online platform. In this article, we’re going to discuss E-commerce. So, to know about e-commerce just stick to this article.
What is E-commerce?
E-commerce which is also known also Electronic commerce is the way by which you can start your business online. A person can be an agent and refer to the products that can earn money. There are plenty of fields that are available in E-commerce. E-commerce generates an online store by which you can do business easily.
History of E-commerce
E-Commerce started on 11 August 1994 when a man sold his CD online. He sold his CD to his friend through his own Newmarket website. That was an American platform where people started but things on the World-wide-web. Now, E-commerce media crosses more than $27 trillion globally.
Types of E-commerce
There are mainly four types of E-commerce which are mention below.
- B2C E-commerce
B2C E-commerce stands for Business to customer e-commerce. In this type of e-commerce, the business directly sells its product to its customer. E-commerce is the most trusted and reliable type of e-commerce. B2C eCommerce mostly use by shopping software companies.
- B2B E-commerce
B2B E-commerce stands for Business to Business e-commerce platform. In this type of e-commerce, one business sells its product to another company. Online Outsourcing is the best example of B2B E-commerce. Companies that sell software services to other companies are also one of the best examples of B2B E-commerce.
- C2C E-commerce
This type of E-commerce stands for the customer to customer selling. Olx.com is the best example of C2C E-commerce. In this type of E-commerce company connects from one customer to another customer. EBay.com is the best example of C2C e-commerce. This company performs globally had contains the biggest turnover in this field.
- C2B E-commerce
C2B E-commerce stands for customers to the business. e-commerce platform. When a customer sells it’s product and services to an organization than this platform is called the C2B E-commerce platform. Influencers and content writers are selling their services to many organizations. Many photographers also license their photos to companies. This trade is also called C2B e-commerce.
Scope of E-commerce
In the age of technology, the need for e-commerce is increasing day by day. The industry of e-commerce have continuous growth and development and in future time this will become the most developed industry of the world. Now let’s see a picture that shows the growth rate of the E-commerce industry.
In this figure, you can easily compare the growth rate of e-commerce every year.
I’m sure that now you can understand the importance of E-commerce for the world.
You can also earn by doing e-commerce. If you wanted to know how then just comment. I’ll promise you to provide another article about how you can earn through E-commerce.