Ecommerce is the shortened term for electronic commerce wherein the transactions or other terms of sale are done electronically. This consists of selling, purchasing, exchange of services or goods for exchange of money by using computer networks similar to the internet.
Contrary to popular belief, e-commerce doesn't just exist on the internet. As a matter of fact, it already existed and do greatly in business to business transactions way back in the 70s via Electronic Data Interchange or EDI through Value Added Networks (VANs). E-commerce could be broken further to 4 categories including:
This deals with companies that do business with each other. To give you an example, manufacturers who sell their products to distributors and wholesalers sell it to retailers. Therefore, the pricing could be based according to the number of orders and is often up for grabs.
Typically, this involves selling of services and products to general public or consumers by using catalogs in the shopping cart software. B2B can earn a lot of money easily but in B2C, it is more of what's in the mind of average customers with regards to e-commerce as a whole. With the use of ecommerce, you can buy many different things at a time easily without any human interaction.
A good example of these is if you have a hard time looking for a book when you want to purchase a high end and customized computer system or finding first class, all inclusive trip to somewhere. Here, ecommerce can be of big help in buying the products you want at the same time so check it out!
One good example of C2B is when the consumer has posted his/her assignments or projects online and on different websites. The consumer will set a budget where within hours, multiple companies will review the needed requirements by the consumer and start bidding on the project. This is empowering the customers all around the globe by presenting the platform and meeting ground for that particular transaction.
One excellent example of C2C is eBay. This is where consumers are selling their products to other consumers via bidding. As a result, the one who has the highest bid could buy the product. Another good example of C2Cs are websites that are offering auctions, forums where the consumers can buy and sell items from other consumers as well as free classified ads. They are using PayPal as tool for making online payment where they can receive and send money easily online.You may click here to find out more.
Here is another article you may read at http://edition.cnn.com/videos/business/2016/03/09/road-to-asean-singapore-ecommerce-dnt.cnn .