E-commerce is a technique used to market and purchase goods or services online using digital systems like computers. It functions as a connection between the seller and the purchaser. There are two varieties of e-commerce systems, Business to Business (B2B) and Business to Consumer (B2C).
B2B is a software that record all purchasing, selling or buying products or services details online. Supply chain management to get a seller, vertical industry portals and brokering sites are examples of B2B sites. B2b ecommerce platforms are the best solution for better business growth.
B2C occurs between consumers and businesses at which customers are people. A normal case of a business engaged in B2C E-commerce gained fame among consumers and businesses due to utmost advantage.
Benefits of E-commerce:
For companies, E-commerce is a means to decrease operating expenses and expand their market reach. Firms do not need to advertise their goods or construct physical shops to draw buyers from throughout the world. Automated order and charging systems reduce labor expenses.
Sometimes companies selling audio, videos, applications or e-Books can frequently evade distribution prices since the item can easily be downloaded into the customer's computer. Firms can save preferences of the customer and indicate other products that help the customer's shopping experience and imply more reunite for the business enterprise.
For customers it means saving time and getting more freedom and flexibility to select goods. They do not need to fight crowds of shoppers, search for parking areas and they are able to easily compare prices and specifications from other sellers and also make their choice with much more simplicity; everything from the comfort of their property.