Electronic Commerce (E-commerce) is the paperless exchange of business information via Electronic Data Interchange (EDI) and Internet related technologies. In recent times E-commerce emerged as one of the most important features of Internet. E-commerce is a process that involves conducting of business via Internet with the help of computers that are linked each other forming a network. Through E-commerce we can do Internet shopping, online stocking, bond transactions, download and sell software, documents, graphics, music, etc. and business-to-business (B2B) transactions.
E-commerce helps you to give your business a global advantage by adding several advantageous features. Some of the predominant E-commerce features are listed below:
- Add unlimited products simply & easily: Easy to use web based interface allows you to enter product details and upload multiple images, as well as product categories, and advanced product features such as size, colour, version etc on any product.
- Stores full customer details: Keep track of customer orders, view order history, email them directly, enter the status of their order etc.
- Built in stock control system: Option to add stock levels for each product, so system can keep track and advise you of low stock levels.
- Email Marketing Function: Really increase your sales using email notifications, special offers and newsletters to get repeat “back end “ sales at the click of a button, thanks to built in newsletter facility.
- Works with any payment processor: Our system will work with just about any payment processor you want – from Paypal to Worldpay, high street bank merchant accounts, Google checkout and many more. You can even have more than one – just let the customer decide which to use.
It also involves electronically transferring data and funds between two or more parties. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.
Different Types of E-commerce Websites
- Business to Business :
A website following the B2B business model sells its products to an intermediate buyer who then sells the products to the final customer. As an example, a wholesaler places an order from a company’s website and after receiving the consignment, it sells the end product to the final customer who comes to buy the product at the wholesaler’s retail outlet.
Some businesses primarily serve other businesses instead of consumers, and business-to-business (B2B) E-commerce has become an increasingly important means of providing that service.
B2B (business to business) is focused on sales of products, services, or information to other businesses, and stands in contrast to B2C (business to consumer) and B2G (business to government) models. All these marketing principles involve the same basics, but B2B relies mostly on valuable and robust business relationships to guarantee long-term involved customers. Among the success factors of the B2B leaders are effective account management team, good process optimization, and benefits from technological innovations.
- Business to consumer:
In B2C model, a business website is a place where all the transactions take place directly between a business organization and a consumer.
In the B2C model, a consumer goes to the website, selects a catalog, orders the catalog, and an email is sent to the business organization. After receiving the order, goods are dispatched to the customer. Business-to-consumer E-Commerce is the process of individual customers buying from a company online. E-commerce has drastically changed how businesses interact with their customers. It provides an opportunity to sell to customers around the world, 24-hours a day, 7 days a week. The characteristics of traditional business change when they operate online. The B2C sector is what most people think of when they imagine an ecommerce business. This is the deepest ecommerce market, and many of the names you’ll see here are known quantities offline, too. B2C sales are the traditional retail model, where a business sells to individuals, but business is conducted online as opposed to in a physical store.
- Consumer to Consumer:
Consumer-to-consumer E-Commerce is one consumer selling goods or services to another consumer online. This sale is usually facilitated by a third-party site that helps take care of the details of the transaction. The purpose of consumer-to-consumer E-Commerce is to enable consumers to sell directly to other consumers without having to go through a middleman. This allows the seller to keep more of their profit and the buyer to potentially purchase the goods at a better price. C2C E-Commerce offers shopping-from-home comfort for buyers. C2C is expected to increase in the future because it minimizes the costs of using third parties.
- Consumer to Business:
Consumer-to-Business ecommerce is individual customers offer to sell products and services to companies who are prepared to purchase them. This C2B business model defines consumers to create value and businesses consume that value. This category includes individuals who sell products and services to organizations.
How do work c2b –
Host the product with the portal.
Access the product information from the portal.
Place an order on the portal
Buys products on the behalf of the buyer
Sells the product to the buyer
- Business-to-Administration (B2A):
Electronic transactions of goods and services between companies and public administrations. This part of E-commerce encompasses all transactions conducted online between companies and public administration. This is an area that involves a large amount and a variety of services, particularly in areas such as fiscal, social security, employment, legal documents and registers, etc. These types of services have increased considerably in recent years with investments made in e-government.