<img src="https://images.unsplash.com/photo-1505236732171-72a5b19c4981?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjM2NTI5fQUnsplash.com royalty-free image #3Ik7xWYJv3U, 'body of water' uploaded by Chris Lawton (Definition of Ecommerce
The advancement of technology is a notable aspect. This has, therefore, led to many businesses making use of the online space of the numerous merits that it has to offer. Ecommerce is the act of an individual buying goods and services over the net. How the transaction happens is by one making their order, paying and waiting for the delivery. It is important to note that the start of ecommerce was in 1994. However, the first ecommerce company was found in 1969 but it was in 1990 that the population could have access to the WorldWideWeb.
It is important to note that there are many types of ecommerce and can easily be classified using the involved parties. The first type of ecommerce is B2C which is business to consumer, there is the B2B well known as business to business. There is also the C2B in which a good example could be crowdsourcing, the C2C which is the consumers to consumer when they participate in selling to each other. The government is also involved in some aspects such as G2B which include tenders and auctions while there is the B2B where business owners go to data centers for e-government use and is known as business to government. The last is the C2G known as customer to government where citizens take care of certain specified bills through the government website.
Ecommerce can also be classified by the different types of goods that are sold in the online platform by the merchants. It is important to note that there are business owners that use the internet to facilitate their sales while those that now prefer having an online store. They thus sell items like jewelry, homeware, gifts among others. There is also a significant number of the merchants that are using the internet to sell their digital items. This include; online courses, eBooks, graphics, software among others. It is also possible for an individual to get tailored services in the net. They are the educators, consultants and freelancers where an one has the chance to have personalized services.
One can consider social media in doing their business. It is thus necessary for an individual to have ecommerce content as it is a possible way to have more earnings. Another way that one can sell their products is through digital shopfronts. It is considered to be perfect for an individual that loves handling things on their own. In the event that an individual is considering the costs of digitalizing their company, then they can consider online marketplaces. Here one has the same platform with other merchants and thus they have a competitive edge for their business to flourish.