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What is an e-commerce website???
What is an e-commerce website???
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E-commerce is the buying and selling of goods or services over the Internet, and the transfer of money and data to complete sales. It is also known as internet commerce or electronic commerce.
Types of e-commerce website
There are three main types of e-commerce:
- Business-to-business
- Business-to-consumer
- Consumer-to-consumer
Here are the some of the examples for the different types of e-commerce.
Business-to-business
Business-to-business or b2b is the way of selling one business to another online, in other words, wholesale.
Business-to-Consumer
Nowadays, a lot of e-commerce is B2C because it is easy for businesses to target specific consumers online. Businesses are able to place their products online and allowing consumers to purchase products with the comfort of their own home, thus saving them some valuable time.
Consumer-to-Consumer
If the product or goods purchased is no longer to use for you or there is no time to exchange the goods with the retailer, by this e-commerce technology we can sell the goods to the needful online without any difficulties. You can upload the image of the product and details once, you can sell it to the consumers who are interested to buy.
The Benefits of E-Commerce
The internet is huge; a lot of products can be stored in it. Unlike a usual shop, there is no limit to what can be stored on the internet. Everything from needles to knitting machines can be purchased online.
As such, there is no limit to how products can be purchased. Many companies are turning their social media channels as e-commerce sites to target specific customers and push certain products.
Disadvantages of e-commerce
System security, reliability or standards may be lacking due to improper implementation of e-commerce. The software development industry is still evolving and changing rapidly. In many countries, network bandwidth can cause problems.
