In a digitally charged world, an e-commerce is your storefront. A website is your mainstay to stock your shelves.
There are 4 types of e-commerce:
-Business-to-Consumer (B2C)
-Business-to-Business (B2B)
-Consumer-to-Business (C2B)
-Consumer-to-Consumer (C2C)
(A separate blog post is warranted to explain the different types of e-commerce models.)
Over 2 billion people world wide bought at-least 1 product online last year. As technology evolves, e-commerce becomes increasingly popular – the way to buy and sell using the internet as your shelves of inventory and the world wide web as your service medium.
The majority of the world currently prefers electronic online transactions over the internet to offline brick and mortar sales. This has identified e-commerce as a “disruptive technology” – it’s that effective. Examples of e-commerce include drop-shipping of goods, electronic payments, online subscriptions and simply put – online shopping.
Imagine a business that processes sales transactions in milliseconds, is accessible to the entire world, open 24/7, and doesn’t bottleneck by the influx of physical crowds. The speed of your service is not impeded by a checkout line – that’s An E-Commerce World.
