Introduction to E-Commerce

in Small-business

E- Commerce is the division of electronic business and is the process of buying or selling over internet, much like marketing but on the internet. Initially when Tim Berners-Lee programmed the internet, e-commerce was mainly meant to do Electronic Fund Transfer (EFT) and Electronic Data Interchange (EDI). Later as the internet developed the e-commerce also had developed. And with the development of E-Commerce the Federal Trade Commission (FTC) started regulating the activities of E-Commerce. E-Commerce includes anything from buying a virtual content for instant implementation to buying goods for domestic purposes.
 
E-commerce is can be further categorized into the following:
 

  • Business -to -Business (B2B)
  • Business- to- Customer (B2C)
  • Consumer-to-Business (C2B )
  • Consumer- to -consumer (C2C)

Business to business is one in which a company deals with another company for business and exchanging of goods, products, services. Some of the examples of b2b e-commerce sites are a company's official site, brokering sites etc.
 
Business to customer is one where the company sells its goods to the customer or trades with the customers. This is electronic retailing and called as e-tailing in common. One of the best examples is amazon.com.
 
Consumer to business is when a customer works for a certain company for business and the company buys it, here the consumer has to price the trade. Example for such a site is priceline.com
 
Consumer to consumer is more like auctioning, bartending, etc... where a consumer places bid and other buys it. Here the websites acts an intermediate for the business Example for such sites is eBay.
 
E-Commerce provides advantages to both the Business provider, consumers. For the business it is provides easier way to market a particular product at low cost and also the product easily reaches the global market. For the consumers they can buy products from home, so no tedious work in buying and they can trade any time. E-commerce thus is a greater benefit provided it has ultimate security.

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Vikas S has 1 articles online

For php web development to develop ecommerce applications you can go with company providing web developer for hire.

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Introduction to E-Commerce

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This article was published on 2010/03/31