Electronic commerce
Electronic commerce
Electronic commerce (E-commerce ) means doing business through electronic means such as the Internet, telephone, television, and computers.
Electronic commerce has many definitions, some of which we will explain briefly.
1. Buy and sell goods or services on the Internet. This includes a wide range of data, systems, and tools for online shoppers and sellers, including mobile shopping and online payment encryption.
2. The sale and purchase of goods or services on the Internet, which includes a wide range of data, systems, and tools for online shoppers and sellers.
A reason for E-commerce
Your head is very busy and you do not have enough time to go to the market and buy the goods you need, or because of air pollution and city traffic, you prefer to go shopping! Maybe you have walked the streets a lot and you have not found the goods you need, and you are tired. In such a situation, it is really great to be able to make all your purchases in a few minutes with a few clicks.
History of E-Commerce
Electronic commerce data exchange (EDI) was the initial method of introducing e-commerce in the 1960s. In the 1990s and early 2000s, it flourished in tandem with the advent of Internet access and popular online shops. The Amazon website, for example, began as a book shipping business in Jeff Bezos' garage in 1995. Or, in 1995, the eBay website, which allows users to buy and sell items online, introduced online auctions to the world, and by 1997, with the success of Beanie Babies dolls, they had become extremely popular.
Electronic commerce usage statistics
Global e-commerce retail sales will top $5 trillion for the first time in 2022, according to eMarketer, accounting for more than one-fifth of overall retail sales. Despite moderate growth, total spending will surpass $7 trillion by 2025.
What jobs does this business cover?
This industry can accommodate any job. Increased internet availability and widespread acceptance of digital services delivered via the internet have drawn a lot of attention. According to polls, the most profitable global e-commerce industries in 2021 will be fashion and clothes, electronics and media, toys and entertainment equipment, furniture and home appliances, and food and health.
Important jobs in Electronic commerce
Small Business - Startup
A start-up is a start-up business that grows rapidly and makes money by providing a creative solution to a need. Startups are usually very risk-averse and, because they are an entrepreneurial process, they are more likely to fail. Startups usually have two important characteristics:
Reproducibility: That is, the output of a startup is repeated continuously. or its services are provided continuously.
Scalability: That is, it can continue its path with larger dimensions in its work. (Expand a job)
small business
Small businesses refer to lower-income, smaller-scale jobs with fewer employees. which can be considered as a company or bakery, hairdresser, photography studio, and so on. And, of course, these businesses can be lucrative.
Electronic commerce model
Seven e-commerce models can be categorized.
Business-to-consumer (B2C)
In B2C electronic commerce, a business sells its products and services directly to the end customer. This type of business model is one of the most common types of business currently in use. Everything you buy from online websites, such as clothing, electronics, home appliances, etc., falls into this category.
Business-to-Business (B2B)
In contrast to B2C, retailers in B2B transactions are between companies, such as a manufacturer and a wholesaler or retailer. B2B is a business-to-business transaction that does not involve consumers.
Customer to Customer (C2C)
It connects consumers to the exchange of products and services and is also known as the online marketplace. eBay and Amazon, for example.
Consumer to Business (C2B)
Individual consumers make their items or services available to commercial buyers, reversing the traditional retail model. Like Craigslist and poshmark.
direct-to-consumer (D2C)
A company that sells products directly to customers rather than through a retailer, distributor, or wholesaler is known as a "direct seller. Netflix, for example.
Administration-to-Business (B2A)
All interactions between businesses and government departments or organisations are referred to as "government transactions."
To trade and exchange information with various corporate entities, government agencies use central websites.
social security and legal documents, for example.
Consumer-to-Administration (C2A)
Electronic transactions between consumers and the government. Such as online education, tax returns.
Online sales categories
Physical goods
Electronics, sports equipment, bags and shoes, clothes and home appliances can be mentioned.
Digital products
Includes: music or movie accounts, website templates, and online tutorials.
Sales of services
Providing specialized services such as: site design, organizational management software, discount code donation.
Benefits of eCommerceGives ECommerce AdvantagesIt provides
more access to jobs. It also increases consumer access to sellers.
It creates more jobs, and with the expansion of small businesses, more people are hired. It further reduces operating costs and improves job growth. (Stores can have their own e-commerce business without having to pay rent.)
Shopping is easier and more convenient without having to leave the house, and it saves time. allows comparison shopping. They can easily research store products, compare them with each other, and make better purchases using customer feedback.
Electronic commerce disadvantages
Limiting face-to-face interactions with customers: Establishing face-to-face relationships, which is important to many business owners and customers, has disappeared. Re: Retail
Business Transformation: Traditional salespeople may lose their jobs. and force retailers to sell online to stay competitive.
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