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.

By : eCommerce solution provider India