Brief Introduction About E-Commerce

Nowadays , we can buy services or goods and also we can promote it on the internet. That’s what we call e-commerce. We also use the internet to make transactions, transferring the money to the data and complete the transaction. What is E commerce and what does it do. E Commerce used to describe the sale product on the internet. It also can describe any form of internet-enabled trade. Even though e-business encompasses all aspects of a business online, e-business deals specifically with the selling of service and goods.

E commerce history began when a guy sold a CD to his friend through his website on August 11,1994. This is the first ever eCommerce event in human history, a man purchasing goods on his friend’s website. It was a huge trend back then. Tons of companies take this marketing idea to expand their business. After that time, E commerce has expanded across online retailers and marketplaces to make it easier to find and purchase products. Big business, small business and independent freelancers . The benefit from online business, which allows to sell their service and goods on a scale that could be impossible with traditional of-line retail

E-commerce

E-Commerce Types

Actually E commerce models  have four types that would describe nearly all  transactions that occur between business and consumers. 

  • Business 2 consumers: you as the consumers buy goods from a business. (you bought watch from a online shop)
  • Business 2 business: when business provides service to another business (a company sells a service to another business company)
  • Consumer 2 consumer: consumer sells service or goods to another. ( Sell you belonging on Mudah.com)
  • Consumer 2 business: a consumer sells their service and goods to a company. (offer photographer license to be use to company)

Example Of E-Commerce

examples of e-commerce

In these transactions, E commerce can take a series of forms involving opposing  transaction relationships between consumers and businesses as well as exchanging different objects.

Retail

A business selling a product directly to a consumer  without a middleman. 

Wholesale

Export products in bulk, frequent to manufacturers who market them directly to customers.

Drop Shipping

Sale of a product, produced by a third party and shipped to the consumer.

Digital Products

Downloadable digital products, courses ,media or template and , whether they are qualified or approved.

Services

A set of capacities or abilities in return for remuneration. The service provider could buy the time as a fee.

Rutendo Mukono
Rutendo Mukono
A Reader. A Writer. And above all, a Learner.

Instagram

Sponsor

spot_img

Sponsor

spot_img

Latest

Gym-Sisters! Come, Check Out These Sports Brand In Malaysia!

This year, we are leaving all negativity behind us and just focusing on building on being positive for ourselves. I’m sure that most of...

Install Automation and Life Safety Systems with SCA Malaysia

Why Install Automation and Life Safety Systems to Commercial Buildings Automation refers to the use of technology to automate tasks or processes, reducing human intervention...

Amazeam: the Best Mattress for Your Comfort and Health

Did you know that every night our body experiences at least 4 cycles of sleep and 6 cycles at optimum? Despite that our body...

10 Service Providers For Mental Health In Malaysia

The record shows that the number of mental health in Malaysia cases increases two-fold during and after the pandemic. The major reason for this...

6 Best Matcha Powder Malaysia That You Should Try

Matcha-flavoured food and beverages have been trending in Malaysia for the past few years. Every cafe and restaurant that you go to will surely...