What Is E-commerce, Its Advantages And Disadvantages 0

What is e-commerce, its advantages and disadvantages – Through e-commerce, any company can explain in detail about its product, we can buy any product by sitting in front of the computer through internet. E-commerce is the facility to conduct business commercial communications and management through electronic methods such as EDI (electronic data interchange) and automated data collection. E-commerce is the technique of selling and buying products and providing services by business and consumers over the Internet.

What is e-commerce?

E-commerce is also widely known as electronic commerce. E-commerce is made up of buying, selling, marketing, and service of products etc. These services are also done over computer networks.

E-commerce is a system of doing business through computers. Business related files can be sent from one place to another through computer network.

Types of E-Commerce-

There are many types of E-Commerce, some of the common types are as follows-

Business to Business or B2B- In this type of E-Commerce, a big company buys or sells its product to another big company.
Business to consumer or B2C- In this type of E-Commerce, a company reaches its product consumer as if you take the example of a software company adobe, it reaches its software like Photoshop consumer.
Consumer to Consumer or C2C- In this the product goes from consumer to consumer, the main example of this is OLX or Quicker.
Consumer to business or C2B- In this the product goes from consumer to a company.

Different parts of E-Commerce or shopping websites-

There are many parts of any e-commerce website, such as some names are as follows-

Buyers – That is, those people who buy goods like you and I, we buy anything from any website, then we are the buyer on that website. E-Commerce or online shopping websites are made for buyers only.

Sellers – That is, sellers are those people who run their shops on the online shopping website, that is, they sell goods, anyone can become an online seller, just a product is needed to become a seller.

Benefits from E-Commerce-

Due to E-commerce, we do not need to go far away in the market or in the crowd to buy our product, we can ask for our goods only sitting at home.
Creates a win-win situation of E-commerce i.e. both business and consumer benefit equally in this.
Through E-commerce, we can sell our goods anywhere in the whole world or can also buy products from anywhere else, its expansion is not limited to only one market.
There is no need to always keep hard cash in hand for making payments in E-commerce, you can easily use credit and debit cards to make payments.
Comments about products are also made on E-commerce websites, so that we can know the opinion of people about that product. Also, we can easily compare many products online easily.

Disadvantages of E-Commerce-

To shop on these, you must have knowledge of internet.

Nowadays, many fake websites have also started coming on the internet, so always before shopping, you have to know a little about the website.
New websites and new sellers cannot be trusted, as well as if someone wants to create their own e-commerce website as sellers, then we need a lot of money in this.

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What is e-commerce, its advantages and disadvantages 0