30-08-2014, 10:01 AM
e-commerec is buying and selling of goods online.In today busy life we donot have time to even go to market to do puchasing.We want everything to be purchased from our home place and get delivered to us at our place.Goods are dislayed on internet with full specification of it and competitive prices are quoted from market to extract online customer
Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI),inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well.
Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business. An e-commerce website has a good scope in the present society. The entire online business revolves around the website of our company. Now a large percentage of the people in the world depend on internet to satisfy their basic requirements. This has increased the demand of online marketing industry. A website is inevitable for a successful online marketing. We can make our website more alluring and creative. A product display in it can increase the profits also. The profit our business will be acquiring with successful online business will be more than our imagination. But we have to really work for the success of your marketing works in the internet. There are many benefits to trading online for both the business and the consumer. For businesses there are reduced overheads and the supply chain etc can make a significant difference to their bottom line. For the consumer there are lower costs and the convenience of shopping without leaving your home (including grocery shopping for busy mums etc).