What IS E-Commerce?
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E-COMMERCE
E-commerce or electronic commerce is referred to as an act of doing transaction of buying and selling online. People often think that e-commerce is all about online shopping but in reality, e-commerce is a platform for doing online business and shopping.
where as M-commerce also known as mobile commerce refers to transaction of buying or selling through apps or sites using mobile phone. We can say that m-commerce is a sub-category of e-commerce.
In short, the definition of m-commerce is that buying or selling things using mobile devices.
E-commerce encompasses all digital transaction and m-commerce is closely linked to mobile (or tablet), which deals with digital transaction taking place on smart phone.
Factors that differentiate between e-commerce & m-commerce:
E-commerce or electronic commerce is referred to as an act of doing transaction of buying and selling online. People often think that e-commerce is all about online shopping but in reality, e-commerce is a platform for doing online business and shopping.
- Online shopping was invented in 1979
- First online marketplace for business was launched in 1982
- First online transaction was performed in 1994
- Amazon and eBay both were launched in 1995
- Online payment system PayPal was launched in 1998
- Apple introduces mobile payment and digital wallet tool in 2014
where as M-commerce also known as mobile commerce refers to transaction of buying or selling through apps or sites using mobile phone. We can say that m-commerce is a sub-category of e-commerce.
In short, the definition of m-commerce is that buying or selling things using mobile devices.
E-commerce encompasses all digital transaction and m-commerce is closely linked to mobile (or tablet), which deals with digital transaction taking place on smart phone.
Factors that differentiate between e-commerce & m-commerce:
- Mobility
- Security
- Location tracking
- Push notification
- Omni channel
E-Commerce Business Models
Business-to-Consumer (B2C) Model
Business to Consumer Model is an e-commerce model in which a business provides goods or services to consumers.
Consumer-to-Consumer (C2C) Model
An e-commerce model in which a consumer delivers goods and products to other consumers.
Business-to-Business (B2B) Model
n this model a business provides goods or services to other business.
Business-to-Government (B2G) Business Model
An e-commerce model in which a business provides goods and products to government organizations.
E-Commerce Websites
Manufacturer and E-tailer Sites:
Alibaba
Subscription Sites:
Subscription sites are the sites with restrict access and user have to pay to use that website. Some subscription sites are as follow:
Brokerage Sites:
These are the sites which brings buyers and sellers together and earn revenue by charging commissions on sales made using this site.
Some Sites are as follow:
Market and Commodity Exchange Sites:
NFA
Business-to-Consumer (B2C) Model
Business to Consumer Model is an e-commerce model in which a business provides goods or services to consumers.
Consumer-to-Consumer (C2C) Model
An e-commerce model in which a consumer delivers goods and products to other consumers.
Business-to-Business (B2B) Model
n this model a business provides goods or services to other business.
Business-to-Government (B2G) Business Model
An e-commerce model in which a business provides goods and products to government organizations.
E-Commerce Websites
Manufacturer and E-tailer Sites:
- Manufacture sites are the sites used by developers of product to sell their manufactured goods and services.
- E-tailer sites are the sites used by online retailer to sell directly customers via Web sites. Some sites are as follows:
Alibaba
Subscription Sites:
Subscription sites are the sites with restrict access and user have to pay to use that website. Some subscription sites are as follow:
- Fizzle
- Quotes Cover
- Atkins
Brokerage Sites:
These are the sites which brings buyers and sellers together and earn revenue by charging commissions on sales made using this site.
Some Sites are as follow:
- E-trade
- Robin hood
Market and Commodity Exchange Sites:
- Market Exchange: These sites are used for stock exchanging. It matches organizations with goods or services to sell with potential buyers.
- Commodity Exchange Sites: These sites are used for trading of natural resources and raw goods such as cattle, chemicals and metals. Some sites are as follow:
NFA