What Is E-commerce And What Is The Application Of E-commerce? Blog
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E-Commerce means the buying and selling of goods over the internet.E-Commerce is the most popular way of transferring goods and services . Nowadays, an increasing number of people prefer to purchase publication over the internet and other computer-assisted technologies. Social networking , advance-commerce app development,rising desire for mobile purchasing and other digital modalities are driving this E-commerce revolution.
Major types of E-commerce :
1 Business to Business: (B2B)
Business to Business E-commerce refers to the electronic exchange of goods ,services and information between companies. Some Business to Business E-Commerce applications include products and seller transfer websites, online directories and the ability to search for specific products and services and also conduct payment transactions
2 Business to consumer : (B2C)
A Business to Consumer transaction is one that takes place directly between a company and customer . A consumer can view and select products shown on a website and purchase products/services using the internet. A Business to Business strategy can be seen by one of the top online marketplaces websites, such as Amazon.
3 consumer to consumer : (C2C)
Consumer to Consumer transactions take place between individuals. Consumer to Consumer transactions made it simple for people to buy, sell and trade goods. C2C can be seen on eBay , newspapers and craigslist. The major goal of Consumer to Consumer is to make it easier for buyers and sellers to connect. This type of website is made by app development..
4 consumer to Business : (C2B)
Consumer to Business turns the traditional retail model by allowing individual consumers to sell their goods or services to business purchasers. iStock , an online store where stock images may be purchased directory from photographers, is an example of Consumer to Business E-commerce.
5 Business to Administration : (B2A)
It is a transaction that takes place between businesses and the government. Legal documents, employment, financial, and other problems are examples of B2A services. The transaction is totally controlled by the government, and it just provides a conduit for corporations to submit application papers to the government.
6 Consumer to Administration : (C2A)
Consumer to Administration is another type of E-Commerce that involves transactions between individual consumers and government entities is E-commerce. Authorities will use this site to buy goods and services, while private customers will use it to buy things like education, social security, taxes, and health care.
Some popular application of E-Commerce:
1 Retail and Wholesale:
E-retailing, often known as online retailing, is the sale of goods and services by businesses to customers through online stores, using tools such as virtual shopping carts and e-catalogs.
2 Online Marking
This refers to the collection of information about customer behavior, preferences, needs, purchases, and so on. It helps marketing tasks like price fixing, negotiation, improving product features, and developing strong customer relationships as this data can be used to provide customers with a personalized and enhanced buying experience.
3 Online booking
Almost all of us have done it at some point: booked hotels, vacations, airline tickets, travel insurance, and so on. These bookings and reservations are made possible through an online booking engine
4 Digital Advertising
This refers to the digital publication of books, magazines, and catalogs, as well as the creation of digital libraries. Customers will have a more enhanced and personalized purchase experience as a result of this. As a technique of promoting businesses, digital marketing tactics have gained in popularity.
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