What is E-commerce? its advantages and disadvantages

ProgramingsPoint
22 Oct, 2023

If we look at the statistics of the last few years, the number of customers doing online shopping is increasing very rapidly, from this we can guess that in the present time, the importance of e-commerce is very high, in such a situation we have to understand the importance of e-commerce. What is E-commerce? And its benefits and disadvantages should be known and understood.

In olden times, e-commerce was not so important because at that time people did not believe in things like online shopping, the reason for this was that at that time the internet was not developed that much, but with time as the internet and technology improved, As it reached more people, the credibility of people about e-commerce gradually increased.

In today's time, millions of people go to e-commerce websites and do online shopping every day and all types of businessmen who have big businesses are also now creating e-commerce websites for their businesses and taking their shops online. Therefore, it has become important to know what e-commerce is.

So let us now start knowing all the information related to e-commerce like what is e-commerce, the history of e-commerce, types of e-commerce, advantages, and disadvantages of e-commerce, etc.

shopping

What is E-commerce?

The full name of e-commerce is electronic commerce. Buying or selling any kind of goods, merchandise, or service through the Internet is called e-commerce. In today's time, there are many examples of e-commerce like Amazon, Flipkart, OLX, etc. All this is an e-commerce platform on which goods, commodities, etc. are sold and bought online through the Internet.

In a way, doing business through the Internet can also be called e-commerce. Commerce means the exchange of any type of product or goods and when we do commerce through the Internet then we call it e-commerce. If we now try to understand the meaning of e-commerce, then we can call the exchange of goods and services electronically i.e. buying and selling e-commerce.

E-commerce is a medium through which we can sell and buy our products and services anytime and anywhere using the internet. If we buy goods or any service from offline shops, then we need to go to the shop, but in e-commerce, we can buy the goods sitting at home through the internet.

In this, we cannot see the product we are going to buy physically before buying it. In this, we see the graphics of the products online through the internet, and on the basis of reviews, and images, we can decide to buy any kind of product. Taking decisions means we cannot see the product physically like in offline shops.

History of e-commerce

From 1960 to 1970, businesses used to interchange their data through EDI i.e. Electronic Data Interchange. Since then, e-commerce started on a small scale, after which from 1980, credit cards, and ATM cards started coming and airplanes through electronic means. The process of booking tickets started.

After which WWW i.e. World Wide Web was started in 1989 to 1990, after which Amazon was started in 1994 which is considered to be the largest platform of e-commerce till date, after which E-bay was started in 1995, with the arrival Since then, e-commerce has now started reaching a big level and today Amazon has become the largest e-commerce website.


How many types of e-commerce are there?

e-commerce online shopping


If we look, at there are many types of e-commerce, there are different types according to different businesses. There are four main types of e-commerce which are given below.

1. Business to Consumer (B2C): When any kind of product or service is sold by a business directly to the consumer through online, then we call it Business To Consumer i.e. B2C e-commerce, in this the product or service is delivered online directly to the consumer by the brand.

For Example Like buying clothes, mobile, laptops, etc. through any online store.

2. Business to Business (B2B): When any type of goods or service is sold from one businessman to another through online, then it is called Business to Business i.e. B2B e-commerce. In this, one brand sells its product or service online to another brand.

For Example: Like brands with photos and images sell their images online through their website to such brands who need those images commercially.

3. Consumer to Consumer (C2C): When a consumer sells his product to another consumer through online, then such buying and selling is called Consumer to Consumer i.e. C2C e-commerce.

For Example:  A person sells his old goods or property to another person using the Internet.

4. Consumer to Business (C2B): When a consumer sells any of his product or service to a business through the online internet, then such transaction is called Consumer to Business i.e. C2B e-commerce.

For Example: A video editor sells the videos recorded by him to the brands having Video, and photo stocks through his website and later when the video editor needs a particular footage, then he sells it from the website having Videos, and photo stocks. Buys footage.

Advantages of E-commerce

E-commerce is completely based on the internet and electronics, due to which it has many benefits which are as follows.
  • Through e-commerce, we can sell our product or service not only in a specific area but in every area.
  • In e-commerce, customers do not belong to any specific area, rather people from every area are customers, to whom we can sell our goods.
  • In e-commerce, we can buy any item 24×7 at any time.
  • In e-commerce, before purchasing a product, we can see the reviews and comments of other people who have purchased that product, so that we can know about the quality of the product.
  • In e-commerce, we can buy the goods we need sitting at home, we do not need to go anywhere.

Disadvantages of E-commerce

Just as e-commerce has many advantages, it also has some disadvantages which are given below.
  • While purchasing anything through e-commerce, we have to take great care of our safety and cyber security because illegal activities like online fraud, and hacking often happen.
  • To buy food with the help of e-commerce, it is necessary to have knowledge of mobile and internet.
  • When we buy any goods with the help of e-commerce, it takes 1 to 2 days for it to reach us and if the delivery location is a village then it can take even a week.
  • New e-commerce websites cannot be trusted easily because it can also be a type of fraud.
  • To buy anything from an e-commerce website, we need a high-speed internet. If we do not have internet then we can buy anything from an e-commerce website.

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Conclusion

Well, if we see, e-commerce is gradually progressing and in the coming time we are going to see many more big forms of it, that is why we will always need to keep learning something new about it. Now we have shared with you all the information related to e-commerce, after reading which you all must have got information about what is e-commerce?

If you liked this post, then do not forget to share this post with your friends so that they can also get information about WHat is E-Commerce?
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