What is E-Commerce? | E-Commerce Explanation, Types, Advantages, and Disadvantages

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What is E-Commerce?
What is E-Commerce?

Yes, friends, how are you all, in today’s post, we are going to talk about E-commerce, then you would know what is E-commerce and even if you do not know, then there is no problem. No, where is the problem coming from us?

Well, tell me how you are doing shopping in lockdown nowadays, now there is a need for whatever and whatever thing, in such a situation, all the shops are closed nowadays. So of course you too must be doing online shopping.

Now there was a time when you had to take any goods, then go to the market, then go to how many shops, the shopkeeper’s kit and fatigue used to be separately, then if you do not like it, then it is possible to exchange it and return it. It wouldn’t have happened.

But now the time has changed, now people do more shopping online than offline. In today’s time, people do online shopping ranging from Rs 100 to lakhs. And that too from your phone just sitting at home and you also get many categories of things you want to buy. Just order one item at your home in 1,2 days and if you don’t like it, it will be exchanged sitting and if your mood changes and you don’t want to take it, then return it.

So there is no fun service, no arguing with anyone or going here and there, just grabbed the phone, selected the product and placed the order, so friends, this process of online shopping is called E-commerce.

So now without much delay, let’s know about it in some detail, what is e-commerce, features of e-commerce, types of e-commerce, advantages, and disadvantages, you will know everything, just you have to read our article completely. Then let’s start.

What is E-commerce?

The full name of e-commerce is electronic commerce. In e-commerce, you can buy and sell online products and services through the Internet, along with you can do online data sharing, money transfers.

This is the fastest-growing business not only in India but in the whole world, which became popular among the people in just a short time. And after all, why can’t you get all kinds of things on the e-commerce website. Whether it is any physical products like (Cloth, chair, bed, etc.), or any digital things like (E-books, video courses, E-paper, etc.), or electronic things (Phone, Computer, camera, etc.) or else Have any kind of services (like job, consultancy, health, etc.),

Some big e-commerce sites like amazon provide you many such facilities like Online Mobile Recharges, Business, Entertainment. Along with this Flipkart, Myntra, Snapdeal, Walmart, Alibaba, Bigbasket, etc. There are many sites like this.

All these sites are completely secure, in which the customer’s information is saved because to do online shopping, you also have to give your personal details in it.

History of E-commerce

If we talk about the history of e-commerce, then it was first started in 1960 when some companies shared the business document with other companies with the help of EDI (Electronic Data Interchange).

After this, in 1979, the American National Standard Institute developed ASC X12 for sharing business documents.

And after that, the largest e-commerce company eBay, Amazon was developed after their development, as if there was a flood in e-commerce. One after the other e-commerce companies were born.

In the year 1990, the largest Chinese e-commerce company Alibaba developed, and after that different technologies developed.

Types of E-commerce

See if seen, there are many types of e-commerce because it is a very big business model, which everyone does in their own different way. But today this thing will be only about the main type of e-commerce, then let’s see.

  • Business to Business (B2B)
  • Business to Consumer (B2C)
  • Consumer to Consumer (C2C)
  • Consumer to Business (C2B)
  • Business to Government (B2G)
  • Consumer to Government (C2G)
  • Government to Consumer (G2C)
  • Government to Business(G2B)

Business to Business (B2B)

Business is business as its name suggests. In this type of e-commerce, there is a transaction of services, products or row material, etc. between two big agencies, companies, or organizations.

In the b2b e-commerce business model, there is no contribution of the customer i.e. a common citizen, there can be any kind of legal advice like low, legal advice, etc. inside the services, and or else there can be any kind of software, exchange of raw material. But all this will be completely online, only then it will be called an E-commerce business.

Business to Consumer (B2C)

Business to consumer is the most famous E-commerce i.e. all of us do shopping from the same online shopping sites like Amazon, Flipkart. If you are buying some goods from this, then you are a customer i.e. consumer, and Amazon play the role of a business on it.

Consumer to Consumer (C2C)

The consumer is a consumer business model in which a customer sells goods to another customer. I don’t understand anything, I will understand now.

You people must have known about OLX, or if you have ever used this app, then you must have seen in it that someone lists some of his things like property, car, mobile, etc. to sell and the same other. Somebody else buys like this. But both are playing the role of the customer because the seller has no business, he just wanted to sell one of his things, then he sold it.

Consumer to Business (C2B)

When a consumer i.e. customer sells his product or services to a large company or organization, then that type of business is called C2B E-commerce.

For example, a photographer sells his photographs to a company because nowadays there are many such sites where you can sell photos like – Shutterstock, similarly if you are working as a content writer for a company. That too is a C2B business.

Business to Government (B2G)

When a company supplies the services made by it to the government, then this type of business model is called the B2G business model.

For example, see like a security-providing company provides its security services to the government and similarly, Internet service provider companies provide Internet services.

Consumer to Government (B2G)

This type of business model lies between the consumer and the government. Like the best example of this is when you pay taxes to pay for health services.

Government to Consumer (G2C)

In the G2C business model, the business model comes in which the government reaches its services to the public i.e. the consumer.

Like nowadays there are many websites of the government in which you can register your aadhaar online, create a pan card, fill the government form and there are many other such services that reach the government consumer.

Government to Business (G2B)

In the G2B business model, the government provides its services to large organizations or companies such as legal services, security services, government registration, business services, and many more. Because in today’s time it is very important for any company to be government registered.

Advantages of E-commerce

Friends, after reading our article so far, you must have understood that what are the benefits of e-commerce, yet here we will talk about some of the best e-commerce benefits –

Easy Shopping

The biggest advantage of e-commerce is that you can shop easily with it, which means you do not need to go anywhere, just sit in one place and watch the variety of the world, the brand you want, you will get everything you want in the category.

Time-saving

The second important thing that I think is saving time, time is the most important thing, we all know this, so when you buy goods from physical shops and if you do not like one place, then you have to go to another place and have to travel. time flies,

In such a situation, online shopping is a very good way to save time.

Availability

When you do offline shopping or any other service, then it has a fixed time to be open and close, in such a situation E-commerce is the best option because it is available all the time whether it is 12 o’clock in the night or 4 in the morning. Why not and even if it is not a holiday.

cheap Rate

In any online store, you get the price of products from any offline store because you do not have to invest any kind of money in creating an online store, and these products are listed by a direct wholesaler, so its quality is also good and Price also works.

Easy Return and Exchange policies

Another good thing about online stores is that you can easily exchange your product and almost most of the stores provide this facility that you can also return your product.

Easily startup E-commerce Business

If you are thinking of starting an e-commerce business then this would be a very good idea because it can be started most easily and in 0 investment. Because no physical place is needed in e-commerce online business, no need to pay any extra money for business setup, everything will be online with 0 investment.

Grow your E-commerce Business on a Global Platform

If you open an offline store, then you can do your business in only those areas, but by opening an online business, you can make your reach in the world, you can grow your business to any corner of the world.

Some disadvantages of e-commerce

See, everything has two sides and it is coming about E-commerce, if there are many advantages in E-commerce, then it also has some disadvantages which we are going to tell below.

Security

If you join any e-commerce sites, then you have to provide all your information like name, address, bank details, in such a way that security is taken care of in some big e-commerce sites but this Internet is here, who knows when what happens.

But this does not happen everywhere and anyway do you know how the angle is, to whom you are providing your details, whether it is authentic or not, whether he knows whether he should provide services to you even after taking money from you.

No-Self Satisfaction

Now there is another problem in buying things online, self-satisfaction means to say that when you buy any goods offline, you can see and touch it and find out its quality.

But the same thing comes when it is online or you just have to see his photo, neither you can touch nor can you find out the quality because the quality of someone is known from the photo.

Need of tech knowledge

Now if you want to shop online, then you should have a little knowledge of technologies, we are not sure that you will have to be an expert, but like you should have good knowledge of E-commerce site, how goods are bought like before buying about it. Read the reviews and see the description, you should be able to pay online,

Fraud E-commerce store

In today’s time, thousands of online stores are available on the internet and so this internet is the reason why the more facilities are increasing, the more cybercrimes are also there, in such situation, before buying online from any store, check that this is true. in or not,

Because such fraud cases keep coming to the fore every day.

Competition

If you are thinking of opening your online store, they also understand that there is a lot of competition in this field, thousands of online stores are being created every day in which not everyone is successful.

But it is not that you will also not be successful in this, but you will have to work very hard because then it is the same thing and if you want to look different, then you will have to work hard too.

Some Major E-Commerce Platforms

Here we are going to give a list below which is about some of the major e-commerce platforms which are best for e-commerce business startups –

  • BigCommerce.
  • Shopify
  • Wix.
  • Woocommerce
  • 3dcart
  • Magento commerce
  • Volusion
  • Squarespace.
  • Prestashop.
  • Weebly.

It was about those platforms where the merchant creates his own online store with the help of these websites, online stores are created using e-commerce tools so that the merchant establishes his own business and connects with the direct customer. –

Now we will talk about those e-commerce site companies which provide a marketplace and are also quite popular, basically, this website acts as a middleman between the merchant and the customer, there is no direct connection between the merchant and the customer.

  • Amazon.
  • Flipkart
  • E-bay.
  • Snapdeal
  • Myntra
  • Shopclues.
  • Indiamart
  • Alibaba.

Development of E-commerce in India

If it comes to the first time when e-commerce was started in India, then I would like to tell you that in the year 2002, Irkutsk first started e-commerce which was related to railways, from ticket booking to rail-related. All the information was provided.

After this, Indian Airlines also started it again. After this, gradually companies like Amazon, e-bay became dominant in India, which is still standing, these companies are quite popular in India.

After this, in view of the popularity of eCommerce company Amazon, Flipkart company was started in the year 2007 and its flood came in many companies markets.

In earlier times, the services of e-commerce companies were only in big cities, but today they have access to almost every corner of the country.

E-commerce is one of the fastest-growing businesses, whose future is also very bright.

One thing must also be coming to your mind that who is the largest e-commerce company in India? So the answer is “Flipkart” It was introduced in October 2007, its owner is Sachin Bansal and Binny Bansal and it is headquartered in Bangalore, Karnataka, India

Conclusion

In today’s post, we know what is E-commerce. I hope that you must have liked this post, we have tried our best to provide accurate information to you. I hope that after reading this post, you must have got a lot of information about e-commerce.

If you have any kind of questions or doubts, then you can feel free to ask us, then you can connect with us through social media, you can also mail us.

Friends, we also need your cooperation, so if you have liked this post of ours, then you are requested to share it as much as possible among your friends and relatives so that everyone can know about it. And we can also pass on such new information to you.

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