Ecommerce - Approaches the Global Customers
Posted: Thu Mar 01, 2018 12:14 am
E-Commerce the term means electronic commerce. It means trading (buying and selling) 24*7 on the internet through the website. In a busy world like ours, convenience is everything! And because of this, people are buying and selling online and enjoying the benefits of convenience and also lower prices. Online stores are able to reduce prices because they don’t have to pay employees or store maintenance. People are enjoying fast shipping services and many more things. Amazon, and specifically their service Amazon Prime, have built their whole business model around easy shopping and quick shipping.
E-Commerce is a very broad concept in itself. It helps people to expand their business online without moving physically and saves money and time at the same time. It reduces the setup cost of business and gets customer’s attention in very short time. Due to online presence, it is very easy for the customer to find the product and buy.
There are some types of E-commerce:
Business to Business (B2B): In B2B, the business provides product or services directly to the business over the internet.
Business to Customer (B2C): In B2C, the business provides product or services directly to the customer over the internet.
Customer to Business (C2B): C2B it is the latest E-Commerce business model, where any individual customers offer to sell their products and services over the internet to companies who are prepared to purchase them.
Customer to Customer (C2C): In C2C, a customer sells product or services to other customers over the internet through any website.
Advantages of E-Commerce:
24*7 Business: E-Commerce business is an online business so there are no time limitations on business. It will remain open for 24 hr for the customer.
Products: E-Commerce helps us to find any product easily. There is some product which is hard to find or may not available in the market but a customer can that product easily on the internet.
The global approach: This is the specialty of E-Commerce that you can approach the global customers. It is not possible for a businessman to reach out to their business globally so, in this case, e-commerce plays a very important medium to represent the business globally.
Physical Existence: In E-commerce, business doesn’t require a physical set up of a company it can be operated from any place.
Payment Option: In E-commerce business customer get the benefit of various online and offline payment methods like cash on delivery (COD), Debit Card, Credit Card etc.
Offers: Customers who are trading on the e-commerce sites on the regular basis enjoy the huge discount and great offers on the product.
Easy Setup: In E-commerce it is very easy to set up the business and start buying and selling your products. It less cost and time effective.
E-Commerce is a very broad concept in itself. It helps people to expand their business online without moving physically and saves money and time at the same time. It reduces the setup cost of business and gets customer’s attention in very short time. Due to online presence, it is very easy for the customer to find the product and buy.
There are some types of E-commerce:
Business to Business (B2B): In B2B, the business provides product or services directly to the business over the internet.
Business to Customer (B2C): In B2C, the business provides product or services directly to the customer over the internet.
Customer to Business (C2B): C2B it is the latest E-Commerce business model, where any individual customers offer to sell their products and services over the internet to companies who are prepared to purchase them.
Customer to Customer (C2C): In C2C, a customer sells product or services to other customers over the internet through any website.
Advantages of E-Commerce:
24*7 Business: E-Commerce business is an online business so there are no time limitations on business. It will remain open for 24 hr for the customer.
Products: E-Commerce helps us to find any product easily. There is some product which is hard to find or may not available in the market but a customer can that product easily on the internet.
The global approach: This is the specialty of E-Commerce that you can approach the global customers. It is not possible for a businessman to reach out to their business globally so, in this case, e-commerce plays a very important medium to represent the business globally.
Physical Existence: In E-commerce, business doesn’t require a physical set up of a company it can be operated from any place.
Payment Option: In E-commerce business customer get the benefit of various online and offline payment methods like cash on delivery (COD), Debit Card, Credit Card etc.
Offers: Customers who are trading on the e-commerce sites on the regular basis enjoy the huge discount and great offers on the product.
Easy Setup: In E-commerce it is very easy to set up the business and start buying and selling your products. It less cost and time effective.