Electronic commerce or simply known as ecommerce is where transactions of other terms of sales are all done electronically. This includes exchange of services or goods for exchange of money, purchasing and selling by making use of computer networks just like the internet.
Contrary to popular belief, ecommerce does not just exist online. Whether you believe it or not, it has already existed and does greatly in business to business transactions back in the 70s through Electronic Data Interchange or EDI via Value Added Networks (VANs). As a matter of fact, ecommerce can be broken down to 4 main categories and these are:
Number 1. B2B (Business-to-Business) - this primarily deals with companies that are doing business transactions with each other. A quick example of this is manufacturers that sell their products to distributors and wholesalers that are selling it to retailers. With this in mind, the pricing can be based in line with the number of orders and oftentimes, up for grabs.
Number 2. B2C (Business-to-Consumer) - most of the time, this involves selling of services and products to the general public or consumers by making use of catalogs in shopping cart software. In B2B, the parties involve can make a lot of money easily but when it comes to B2C, it is focused more on what is I the mind of average customers when it comes to the ecommerce in general. By using ecommerce, you are able to buy a number of different things simultaneously without having human interactions.
One nice example of this is when you are having a hard time finding a book when you want to buy a high end and customized computer system or trying to find a first class all inclusive trip to somewhere else. Here, the ecommerce could be of big help when you go here and buy products that you want as well.
Number 3. C2B (Consumer-to-Business) - one example of C2B is when consumers posted their projects or assignments in the internet and on several websites. The consumer sets a budget where within few hours, several companies are going to review the requirements of consumer and start on making bids for the project. This actually empowers the customer in all parts of the globe by providing a platform with more info and meeting ground for a certain transaction.
Number 4. C2C (Consumer-to-Consumer) - one nice way of C2C is eBay. This is a place where consumers can sell their items to other consumers through bidding. With this, the one who offers the highest bid gets the chance to buy the product.
Find out more at http://money.cnn.com/2015/09/25/technology/india-ecommerce-eid-goats/ .