Rise of eCommerce and online shopping
eCommerce is basically buying and selling products online.
It also refers to the selling of services where payments for the services are
made online. It involves the transfer of information across the internet. It
includes different types of businesses, from customer based retail sites to
auction or music sites, business exchanges trading goods and services between
corporations. It allows consumers to electronically exchange goods and services
with no barriers of time and distance.
eCommerce has expanded rapidly over the past five years and
is predicted to continue at this speed. B2B refers to electronic commerce
between businesses rather than business and a customer. eCommerce is often
faster, cheaper and more convenient than other methods of providing goods and
services. eCommerce is subdivided into three categories:
- Business to business (B2B)
- Business to consumer (B2C)
- Consumer to consumer (C2C)
B2B often deals with hundreds and thousands of other businesses. By carrying out these transactions electronically provides a vast competitive advantage.
The following are the top eCommerce sites in India
- Flipkart
- Snapdeal
- Yebhi
- eBay
- Myntra
- Shopclues
- Jabong
- Homeshop18
- Tradus
- Fashionandyou
Benefits of eCommerce include
·
Global marketplace
·
24*7 trading
·
Pricing opportunities
·
Speed
·
Less paper work
Online shopping
Nowadays online shopping is trending everywhere in India. Online
shopping is easy, quick and convenient. Before ordering items we have to
consider things like latest security software, web browsers and operating
system.
The consumer can buy the product rapidly by doing some
clicks from home. It saves the time and energy from going larger distances,
also there is no time limit to place an order, the consumer can place an order
at any time.
Credit card is the good payment option because they allow
buyers to seek a credit from the issuer if the product is not delivered. Also
credit cards may have a limit on the monetary amount, the customer will be
responsible for paying if the information is stolen and used by someone else. Before providing personal or financial information we need
to be careful and also check for the website’s privacy policy.
The system should be clean and it should be protected from
viruses, malware and other online threats. We would discuss various topics related to eCommerce and related aspects in this blog.
