What is E-Commerce ?
Commercial Transaction conducted electronically on the internet or is a blend word for “Electronic Commerce” refers to virtually any commercial transactions that takes one place to another place on the internet.
E-Commerce Business models:
E commerce takes place through an eCommerce website which acts as a virtual storefront where in commerce and transactions can takes place. E commerce can clear in may classified in different forms: Retail, Wholesale, Drop shipping, Crowdfunding, Subscription, Digital Products, Services.
Products are sold by retailer directly to the end-customer at a Retail price without involving intermediates dealing own businesses.
Wholesalers or distributors is the sale of bulk goods to the retailers, industries, commercials or other professional business persons, wholesales are differ from distributors not typically associated with a particular goods. In common, it is a sale of goods to anyone(consumer or distributes/wholesalers).
Goods are provided directly delivering from the manufacturers to the consumers or retailers where a store doesn’t keeps the products in stocks.In general products are sold online but shipping is directly to the consumer by a third-person that they manages inventories, orders fulfillment and other logistics etc.
crowdfunding is a practice of funding a project by lifting money from a bulk amount of people who contribute of each relatively small amount via internet.
Subscription is an arrangement to receive related to something regularly automated until the subscribers chooses to cancel or alters their subscription level.
Digital goods in eCommerce transactions are described as any goods like movies,music,software ,audios & videos,etc., also included the sale of digital products which stored, delivered and used in its electronic format shipped electronically to the consumers through mail or download over the internet.
Services is provided to consumers by skilled labor or services can be purchasing digitally which a system supplying to a public needs like hiring drivers through communicating and transportation or utilities such as electricity, paying someone through online,etc.
E commerce workflow:
A customer who navigates to an eCommerce website via search engine,advertisements, referrals traffics etc., While requesting to a product in a website to their virtual shopping cart and redirects to checkout page. Shopper completes the process in checkout and finishes its transaction.