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Importance of ecommerce

Posted by: Administrator Created Date: 2020-06-13 0 Comments
1

From an end user’s perspective, ecommerce websites are very convenient to purchase products and services online. The process is often very quick as the customers can place orders in a relatively short period of time, without having to leave their homes or offices. Moreover, customers can purchase from several businesses without having to physically move around. Customers and potential buyers can be provided with a lot of information that make their shopping experience quicker and easier as well as improved customer service. They will also have the opportunity to purchase products and service 24/7 comfortably and conveniently. Allowing customers to shop for the comfort and convenience of their own homes at any time can increase business sales and potentially the customers’ loyalty.

As all you know Ecommerce is also known as electronic commerce or internet commerce.

Ecommerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet and the transfer of money and data to execute these transactions. Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.
Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.

These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to the transactional processes for online shopping.

The history of ecommerce begins with the first ever online sale: on the August 11, 1994 a man sold a CD by the band Sting to his friend through his website Net Market, an American retail platform. This is the first example of a consumer purchasing a product from a business through the World Wide Web—or “ecommerce” as we commonly know it today.

Since then, ecommerce has evolved to make products easier to discover and purchase through online retailers and marketplaces.  Independent freelancers, small businesses, and large corporations have all benefited from ecommerce, which enables them to sell their goods and services at a scale that was not possible with traditional offline retail.


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