Ecommerce is the process of buying and selling of goods and services over the internet. These good can be categorized in fashion, electronics, cosmetics provisions and many others that you can choose from when you want to make a purchase. Ecommerce such as Amazon and eBay has contributed to the well growth of online retails. In 2007, e-commerce accounted for 5.1% of total retail sales; in 2019, e-commerce has made it up to 16.0%.
There are type of e-commerce.
- Business to Business (B2B). This refers to the electronic interchange of goods and services or information between business people and example of such are, online directories and product and supply exchange websites that permit businesses to search for products, services and information and to introduce transactions through e-procurement interface.
- Business to Consumer (B2C). This is the retail part of the e-commerce on the internet. It is when businesses sell information, goods or services to consumers directly. The term was popular during the dot-com boom in the 1990s, when online retailers and sellers where novelty. Presently, there so many stores and malls selling all kinds of consumer’s goods.
- Consumer to Business (C2B). This is a type of e-commerce in which consumers make their goods and services accessible for companies to invite to purchase them. Examples of such platforms are markets that sell images, media and design elements.
This and many other types are available.
E-commerce has made easy for people from far and near to be able to do all their shopping online and get them delivered without have to go through the stress of going out to do your shopping. But, not all e-commerce platform are from a reliable source therefore, there you must look out for, the e-commerce must have a secure website, must have an office, must markets t at least a communicable means where people can reach them in case of anything.
The most verified and trusted e-commerce platforms are Amazon, eBay, Rent Buy Sales and many more across the country you can make purchase of any item and rest assured to get a very good service at the end of the day.
We live in a world where technology is always improving the make life better for each and every one and e-commerce is one of them.