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Ecommerce, also known as electronic commerce or web commerce, describes the trading of items or services utilizing the web, and the transfer of cash and data to execute these transactions. Ecommerce is often utilized to describe the sale of physical products online, however it can also explain any type of industrial deal that is assisted in through the web.
Whereas e-business describes all elements of operating an online company, eCommerce refers specifically to the deal of products and services.
The history of eCommerce starts with the first-ever online sale: on August 11, 1994, a male offered a CD by the band Sting to his good friend through his site NetMarket, an American retail platform. This is the first example of a customer purchasing a product from a business through the World Wide Web– or “eCommerce” as we frequently know it today.
Since then, eCommerce has progressed to make items much easier to discover and acquire through online sellers and markets. Independent freelancers, small companies, and large corporations have all benefited from e-commerce, which allows them to sell their items and services at a scale that was not possible with standard offline retail.
International retail eCommerce sales are predicted to reach $27 trillion by 2020.
Kinds Of Ecommerce Designs
Four primary types of eCommerce models can describe almost every deal that takes place in between consumers and organizations.
1. Organization to Consumer (B2C):.
When a company offers a good or service to a specific consumer (e.g. You buy a set of shoes from an online seller).
2. Organization to Business (B2B):.
When a business offers a good or service to another company (e.g. A business offers software-as-a-service for other organizations to use).
3. Customer to Customer (C2C):.
When a customer offers a good or service to another consumer (e.g. You offer your old furnishings on eBay to another consumer).
4. Customer to Company (C2B):.
When a consumer sells their own services or products to an organization or organization (e.g. An influencer offers direct exposure to their online audience in exchange for a fee, or a professional photographer licenses their photo for an organization to use).
Examples of Ecommerce.
Ecommerce can handle a range of types including different transactional relationships in between services and consumers, as well as various objects being exchanged as part of these deals.
1. Retail:.
The sale of an item by a business directly to a customer with no intermediary.
2. Wholesale:.
The sale of items wholesale, typically to a retailer that then offers them straight to consumers.
3. Dropshipping:.
The sale of an item, which is produced and shipped to the customer by a 3rd party.
4. Crowdfunding:.
The collection of money from customers in advance of a product is offered to raise the start-up capital needed to bring it to market.
5. Membership:.
The automatic recurring purchase of a services or product regularly until the subscriber selects to cancel.
6. Physical items:.
Any tangible great that needs stock to be renewed and orders to be physically delivered to consumers as sales are made.
7. Digital items:.
Downloadable digital goods, templates, and courses, or media that need to be acquired for usage or certified for usage.
8. Providers:.
An ability or set of skills offered in exchange for payment. The service provider’s time can be bought for a cost.
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