E-COMMERCE START

By Grace Ngumi

The Book E-commerce Start-up is not only for those looking to start an eCommerce business, but an ebook that inspires all entrepreneurs and provides valuable information to those already doing e-commerce. This book's simple emphasis is on how to start and make money with an eCommerce business. It contains a comprehensive guide on how to turn your beautiful web page into a business providing residual income.

• Language: English
• Publisher: Lulu.com
• Release date: Jan 11, 2021
• ISBN: 9781716930195

Book preview

CONCLUSION

INTRODUCTION

The first query that comes to mind for those who have never learned of the word e-commerce before might be, what is e-commerce? We explain in-depth in this book what e-commerce is exactly, how to start an e-commerce company, how to operate an e-commerce website, and much more. If you want something to do with e-commerce or just need the question, What is e-commerce? Answered, this is the best Ebook for you then!

Ecommerce, also known as electronic trade or online trading, relates to the procurement and distribution of internet-based goods or services and the movement of money and data for the conduct of those transactions. Ecommerce is mostly used to apply to online purchases of tangible goods, although any form of commercial transaction that is enabled via the internet may also be identified.

E-business relates explicitly to the transaction of products and services, while e-business refers to all forms of running an online business.

The history of e-commerce began with the first-ever internet sale: on 11 August 1994, via his website NetMarket, an American retail portal, a man sold a CD by the band Sting to his buddy. This is the first instance of a customer buying a commodity across the World Wide Web from a manufacturer, or commerce as we generally know it today.

Since then, eCommerce has grown to make it easy for online sellers and marketplaces to find and buy items. Independent freelancers, small companies, and big organizations have also gained from e-commerce, enabling them to market their products and services at a rate that conventional physical shopping was not feasible.

Ecommerce is a simplified form of the word electronic commerce that defines, in general, any sort of currency exchange for online products or services.

Ecommerce is an overarching word that encompasses anything there is to do with online shopping or sale, which may also be otherwise written as E-Commerce, e-commerce, or eCommerce. Every variant of the spelling is right, and the same act of doing business through the internet is all represented.

As the concept of e-commerce is so open-ended (it simply encompasses some form of internet ordering or sale of products or services), there are so many various kinds of e-commerce firms. In this segment, we look further into the numerous options available to e-commerce company owners to operate e-commerce firms.

E-commerce applies to commercial purchases carried out over the internet for products or services. Over the last few years, e-commerce has increasingly developed to become a vertically integrated hybrid of online and offline shopping. Numerous e-commerce businesses offering different forms of goods and services can be found.

A change in corporate strategies is electronic trading. If businesses are trying to take advantage of emerging Internet technology, therefore they need to have a pragmatic approach. That is, consideration must be taken to create a strong relationship between corporate strategy and the strategy of electronic commerce.

E-commerce (electronic commerce) is the purchasing and sale through an electronic network, mainly the internet, of products and services or the transfer of funds or documents. There are either business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business purchases. E-commerce and e-business words are also interchangeably employed. In connection with the transactional processes for online shopping, the phrase e-tail is often used.

The widespread usage of e-commerce sites such as Amazon and eBay has led to tremendous development in online shopping in the last decade. E-commerce accounted for 5.1 percent of gross retail revenue in 2007; 16.0 percent was e-commerce in 2019.  

Types Of E-Commerce

Business-to-business (B2B) E-commerce relates to the electronic trade between companies of goods, services or knowledge, rather than between companies and customers. Examples include online repositories and websites for product and supply exchanges that empower companies to search for goods, resources and information and to initiate transactions through e-procurement interfaces.

Forrester Research estimated in 2017 that by 2021, the B2B e-commerce industry would top $1.1 trillion in the U.S., accounting for 13% of all B2B transactions in the world.

The retail aspect of e-commerce on the internet is business-to-consumer (B2C). That is where corporations specifically offer goods, commodities or knowledge to customers. During the dot-com bubble of the late 1990s, when internet stores and suppliers of merchandise were a novelty, the word was popular.

There are numerous automated shops and malls on the internet today that offer all forms of consumer products. Amazon, which controls the B2C sector, is the most recognized representation of these pages.

Consumer-to-consumer (C2C) is a category of e-commerce in which consumers electronically exchange each other’s goods, services and details. In general, such transactions are carried out by a third party offering an online forum on which the transactions are carried out.

Two examples of C2C sites