Possibilities of E-Commerce

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Possibilities of E-Commerce

E-Commerce is the activity of electronically selling or buying products over the internet. E-commerce website thrives mainly on technologies like electronic fund transfer, mobile commerce, internet marketing, supply chain management, electronic data interchange, online transaction processing, automated data collection as well as inventory management systems.
E-commerce development is dependent and is driven by technological advances in the semiconductor industry. E-commerce has become the largest sector in the electronics industry. Although the term E-commerce and E-business are used quite interchangeably they are not the same thing. They are two different concepts altogether.

Types of E-Commerce business

E-commerce business transactions mainly occur as business to consumer, consumer to consumer, consumer to business or business to business.
1.Business-to-business-Refers to the electronic exchange of products, services and information between businesses rather than between business and consumers.

2.Business-to-consumers- It refers to the retail part of E-Commerce on the web. It involves the business to sell services, information and products directly to consumers.

3.Consumer-to-consumer- A kind of E-commerce where consumers sell or buy their products, services and information online. The transactions are basically conducted through a third party that provides an online platform where the transactions are being carried out.

4.Consumer-to-business- A kind of E-Commercebusiness where consumers make the availability of their products and services online for companies to purchase. This refers to the exact opposite of the traditional commerce model of business to consumers.

Terms related to E-Commerce website design

1.WooCommerce- WooCommerce is defined as an open-source ecommerce plugin for WordPress. WooCommerce is mainly designed for small to large-sized online merchants using WordPress. Multiple numbers of high traffic websites use WooCommerce.

2.Open Cart- OpenCartis a PHP based online store management system that uses a MySQL database as well as HTML components. Different languages and currencies are supported by OpenCart. OpenCart is freely available under the GNU General Public License. As per reports in 2016 around 342000 websites were using OpenCart.

3.Shopping cart software- Shopping cart software is an extension of e-commerce software that allows the visitor to an internet site to select the items that he wants to purchase. One major benefit of this software is that it allows online shoppers to accumulate a list of items for purchase.

E Commerce in the world of the internet comes with a lot of benefits and is time and effort saving as well. The benefits of E Commerce includes the wide availability of goods and services, easy accessibility, international and national reach. A successful E-Commerce campaign can generate very good business and can be handy for customers as well as prospective buyers.

Physical retail is driven by branding and relationships. In addition to these two drivers, online retail is also driven by traffic from search engines. It is not unusual for customers to follow a link in search engine results and land on an e-commerce website that they have never heard of. This additional source of traffic can be the tipping point for some e-commerce businesses.

It is no longer about pushing a shopping cart to the correct aisle or scouting for the desired product. On an e-commerce website, customers can click through intuitive navigation or use a search box to narrow down their product search immediately. Some websites remember customer preferences and shopping lists to facilitate repeat purchase.
It is not unusual for customers to travel long distances to reach their preferred physical store. E-commerce allows them to visit the same store virtually, with just a few mouse clicks. There are limitations to the amount of information that can be displayed in a physical store. It is difficult to equip employees to respond to customers who require information across product lines. E-commerce websites can make additional information easily available to customers. Most of this information is provided by vendors and does not cost anything to create or maintain.
Therefore if you are wondering where can I buy used cell phones then rush to the reputed ecommerce sites and your query will be answered.

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