Most Important Features of eCommerce

Hello friends, in this section we will learn what e-commerce is, features of eCommerce & Scope of eCommerce

Exactly ‘e’ means Electronic,

Before we understand e-commerce and the Most Important features of eCommerce

Let’s understand, Commerce and Traditional Commerce

What is commerce | Most Important Features of eCommerce

Most Important Features of eCommerce

Commerce

Commerce is nothing but buying and selling of goods, it has been around for many years starting from the barter system where there was just exchange of goods to using precious metals to using coins and then paper money and plastic money

Traditional Commerce?

transactions are usually done in person, so they are limited to a specific geographic location, Traditional Commerce Buying and selling of goods face to face like,

  • Business happens face to face
  • Limited to particular geographic locations.
  • There is personal interaction.
  • Delivery of goods is instantaneous
  • Limited to certain business hours typically during day time

There is personal interaction, and delivery is instant, and now the main Topic.

Additional knowledge : 
  • Difference between e business and traditional business

E-Commerce | features of e commerce

It is commonly known as electronic marketing.

eCom meaning:

It was limited to certain business hours typically during day time with the advent of the internet came eCom meaning e-commerce can be defined as the process of buying and selling goods or services using an electronic medium

Such as the internet example,

  • amazon
  • Flipkart
  • olx
  • Snapdeal

Etc, Here the sale happens online so you can potentially sell across the world, there is limited personal interaction, and delivery of goods and services might take some time.

what are the benefits of e-commerce

  1. Faster Buying Process | Sell Quickly

Guests can spend a lower time buying what they want.

They can fluently browse through numerous particulars at formerly and buy whatever they want.

When online, guests may find particulars available in physical stores far from them or not plant in their position, for illustration, Ranjeet is a client who goes to a store to buy a washing machine.

After looking, he realizes that he can not find the product he needs. He logs into a popular-commerce business and finds the washing machine. What is indeed better is that there’s a special offer and it can be delivered to your doorstep.

This is where eCommerce comes to the deliverance for numerous buyers. They go online, search for an item, get a quick response, and can buy it just as snappily.

The advantages of eCommerce include the capability to choose from a wide range of products and indeed the delivery of orders.

Search for an item, view description, add to wain-all the way is done in the blink of an eye. In the end, the buyer is happy because he has the object and has not had to travel far.

  • Reach Out to New Customer
  • Strategy for Marketing
  • Niche Marketing Target
  • Meet Customer at their Location

And we will know in-depth about,

Features of ecommerce

It is consists of buying and selling goods and services over an electronic system such as the internet.

E-Commerce is the purchasing, selling, and exchanging goods and services over the computer network or internet through which transactions or terms of sale are performed electronically.

most important features of ecommerce

eCommerce and features of eCommerce are quite simply the purchases of goods and/or services by the Internet to date over 40% of all Internet users have made an online purchase spending almost 1.5 trillion dollars a year in commerce is split into four categories business-to-consumer B2C is what most people think of when they hear,

Most Important Features of eCommerce remember when you bought that new t-shirt about Google from Amazon that was you participating.

Scope of eCommerce

The Scope of eCommerce is really good now and in the future, thanks in part to the increase in the number of online users on the Internet.

Before diving into the future scope of eCommerce in India, let’s first understand what e-commerce is. In simple terms, the scope of ecommerce refers to the buying and selling of goods online or over the Internet.

their products with prices and descriptions. Shoppers who buy products have multiple payment options such as cash on delivery, e-wallets, online banking, credit cards, and more. Online sellers are responsible for delivering goods to customers and ensuring safe and timely delivery.

Scope of eCommerce and Future of Online Shopping.

Important:
and are you want to more know about the scope of e business and features of ebusiness

Essentials | elements of e-commerce

The basic elements:

  • An e-shop on server
  • User (customer) with a web browser
  • An Internet Connection

Additional issues:

  • Visibility
  • Ease of Use | Response Design
  • User-Friendly Purchasing | Order Processing
  • Online Payments
  • Security
  • Delivery Systems
  • After-Sales
  • Options for Customer Care
7 Elements of successful eCommerce website design
  1. Responsive web design
  2. Compatible
  3. Social Media
  4. Fast load time
  5. Marketing Automation
  6. landing Pages
  7. Seo ( Search engine optimization)

Functions of eCommerce

There are three main Functions of e-Commerce
  • Marketing,
  • Finance,
  • Supply chain  

That goes beyond the building and Most Important Features of eCommerce website.

You can’t run an e-commerce business without promoting your store, managing payments, and managing to ship.

Each of these functions of eCommerce and features of eCommerce has its own set of features. Therefore, online store owners need to understand these problems and determine the best way to solve them.

Related Topic

Difference between eCommerce and traditional commerce

Elements of e commerce

Difference between eCommerce and business

Difference between e-commerce and Mcommerce

Advantages and disadvantages of e-commerce

 Advantage    

  • It operates 24 hours a day, 7 days a week 
  • Provides a global reach where sellers 
  • Fast Buying Process
  • Eliminates Operating Cost
  • Connects far and wide
  • Buyers can meet almost anytime,
  • Anywhere without intermediaries,
  • Personal Shopping Exeprience
  • Gives users more options for comparison.
  • Retargets the customers

                                                      

Disadvantages

  • Choose the cheapest and best option
  • Significantly reduce paperwork
  • Reduce transaction costs the downside
  • Lack of Personal Touch
  • Lack of Tactile Experience
  • Security and Site crash: malware, theft
  • Some items are difficult to buy online
  • Price and Product Comparison
  • Credit Card Fraud and Legal issues

Lack of personal contact on many types of services; requires initial software installation costs, followed by training and maintenance costs sometimes

There are problems with order fulfillment or returns; Security is also a major concern as identity theft exists. Malware attacks and denial of service

The following are the different types of e-commerce platforms But,

What are the four main types of eCommerce models?

  • Business-to-Business (B2B)
  • Business-to-Consumer (B2C)
  • Consumer-to-Consumer (C2C)
  • Consumer-to-Business (C2B)
1. Business to Business (B2B)

The model here business sells its products to an intermediate buyer who then sells the product to the final customer

For example, a company might sell its product to a wholesaler who will sell it to multiple retailers at some price

  • Intel selling microprocessor to Dell
  • Heinz selling ketchup to Mc Donalds
2. Business to Consumer (B2C)

B2C in this model the business sells its products directly to a customer can view the product shown on the website and order the same

What are the three primary models that a b2c can use to operate?

  1. Amazon
  2. Flipkart
  3. eBay

Example,

  • Dell selling me a laptop
3. Consumer to Consumer (C2C)

Where a consumer sells any of his assets such as property car motorcycle etc by publishing the information on a website,

Where the interested consumer can see and do the buying and selling example on Olx or Quikr or craigslist.

Example,

  • Mary buying and an iPod from Tom on eBay
  • Me selling a car to my neighbour
4. Consumer to Business (C2B)

Consumer to business in this model consumers have products or services of value that can be consumed by businesses for example:

Social media influencers are being paid by businesses to advertise their products

Apart from these, there are five more models

  • Business-to-Administration (B2A)
  • Consumer-to-Administration (C2A)
  • Business-to-government (B2G)
  • Government-to-Consumer (G2C)
  • Government-to-Business (G2B)
1. Business to Administration (B2A)

Business Administration (B2A), also known as Business to Government (B2G), refers to all transactions between companies and a government administration or government agency.

Government agencies use central websites to conduct transactions and exchange information with various commercial organizations.

2. Consumer to Administration (C2A)

Electronic commerce between consumers and administrations (C2A) includes all electronic transactions between citizens and government administrations.

The C2A e-commerce model helps consumers post their inquiries and request public sector information directly from their local government/authority.

3. Business-to-government (B2G)

The Scope of eCommerce Business to the government or B2G is generally defined as commerce between companies and the public sector.

It refers to the use of the internet for public procurement, licensing procedures, and other government-related operations

Examples:

  • Business Pay taxes, fire reports, or sell goods and services to Govt. agencies.
4. Government to Consumer (G2C)

This Model is also a part of e-governance,

  • The Objective of this model is to provide good and effective services to each citizen..
  • The Government provides the following facilities to the citizens through website.
  • Information of all government departments,
  • Different welfare schemes,
  • Different application forms to be used by the citizens.
5. Government to Business (G2B)

Government to business (G2B) is a scope of eCommerce business model that refers to the government providing services or information to business organizations.

As a rule, a G2B model gives companies a convenient way to deal with,

Example:

  • Payments
  • Legal procedures  
  • Document renewal,
  • Cutting down significantly
  • Bureaucratic foot-dragging
  • Paper work.

Features of eCommerce follows | Typical trade Cycle or flow

It consists of two four steps like

  • SEARCH: customer searches different websites for products to be purchased
  • NEGOTIATION: Pre-Sales where online it is selecting a supplier who offers good quality product at right? price and whose terms such as delivery dates Etc. are agreeable to the customer
  • ORDER: Is execution first it consists of order phase where a customer places an order for the selected product
  • PAYMENT: In this phase, he might do the payment upfront or he might do the payment after the delivery too in the delivery phase,
  • DELIVERY EXECUTION: the supplier processes the order, and then the customer receives the delivery of the product
  • INVOICING or SETTLEMENT: then comes settlement this phase consists of invoicing and payment if any invoicing means customer will receive a bill for purchase product along with the delivery after confirmation of received product the customer will pay if he has not paid earlier.
  • WARRANTY: this phase consists of warranty and after-sale service in the warranty period customers will get maintenance services for free or at a minimum cost after-sales services mean
  • AFTER SALES SERVICES: in case there are complaints about the product you can get maintenance service from the supplier at individual visit cost or yearly fee.

So this summarizes the e-commerce Concepts!

ecommerce management

Electronic commerce, the electronic commerce that revolutionized the world and the way business is done, became the order of the day when people wanted to expand their shopping horizons on the World Wide Web.

They exist to varying degrees as retail companies. clicks and pure clicks companies. But all of these companies have one thing in common e-commerce management.

Any business should be able to identify, define and manage relevant eCommerce initiatives and have a professional to manage the initiatives.

Trade management is everyone has different ideologies on the subject. In the past, this was the responsibility of programmers and computer engineers and then delegated to web design professionals. But,

In today’s world, e-commerce of a business requires good e-commerce management and a manager to take care of the whole campaign. Ecommerce management involves starting and running a business website where the eCommerce manager has the skills to manage all the staff involved in providing the e-commerce functions.

In short, it is about making you familiar with the responsibilities and roles of IT, marketing, and website development departments and for them to regularly interface with them to promote eCommerce companies.

Building and managing the company’s e-commerce initiative is no easy task.

Special skills are needed to understand that e-commerce is like any other integral department of a business and therefore e-commerce management includes online branding, website promotion, keeping it fresh, and e-commerce website quality and continuous development.

New plans are included. For the website’s online business initiative.

The area in which e-commerce management focuses on identifying and redefining e-commerce initiatives and relevant business goals so that an e-commerce website can deliver relevant results messages to the internet marketplace.

Once the goal of any digital strategy is defined, it becomes easy to sell the concept. Therefore, it is very important to identify and identify the main reason for the existence of an eCommerce site.

Whether the site is commercial, community or content, or a combination of these,

today it is quite possible to generate e-commerce income from all types of businesses through good business management. electronic on Internet platforms.

Therefore, e-commerce management places more emphasis on all the functions of the above-mentioned faculties. It starts with creating a USP and then designing it to fit the web.

This management is an integral part of all business-to-business transactions and has thus become the backbone of all merchant sites on the Internet platform.

Comparing E-Commerce and Online Retail

You might think that these eCommerce benefits are not far from the benefits achieved through online commerce.

The distinction between e-commerce and online retail is often blurred as many online retailers fall into one type of e-commerce or another.

The reality is that e-commerce in general involves creating a platform on which merchants can post their products or services to consumers.

Take Shopify for example. Platform participants can, in fact, build their own business through the platform, bypassing the many complexities associated with it.

The platform owner offers a range of pre-built branding and store opening tools, help with marketing tips, and excellent customer support.

commission from your seller. This is a win-win market.

Oftentimes, offering this service to small business creators can get you more than a traditional online retail account. Even for sellers at e-commerce companies like Shopify, Amazon, or eBay,

The benefits are often far greater than starting your own.

You can quickly expand your customer reach as the Scope of eCommerce resellers expand their reach to other advertising channels.

You have the opportunity to sell in niches as buyers in these areas often don’t know where to go to buy your product. Using sites like these can quickly improve your brand image and help you enter the market and establish yourself.

How to start an ecommerce business in india ?

eCommerce Business is becoming so big. It is spreading all over the world.

From today I will grow more than double in three years in India. So Question is, are you ready?

E-commerce startups

The Importance of eCommerce | Benefits

Why is eCommerce important?

E-commerce empowers businesses to reach more customers than traditional retail. With so many people shopping online, this is the fastest-growing retail market. Statistics show that 96% of Americans with Internet access have made online purchases.

Therefore,

 The Scope of eCommerce platform is very high.
•	eCommerce helps you reduce yours Costs
•	helps business go global
•	it can be done with fewer Overheads & Fewer Risk
•	eCommerce can Broaden your brand & explain your business
•	Offers better marketing Opportunities
•	Your online store will stay open 24x7/365
•	eCommerce technology is easier & more convenient 
•	Personalize Your Shopping Experience
•	Improve the Image of Your Business 
•	Easily Receive Feedback on Products
•	Maximum Security of Transactions

Why is eCommerce successful?

Something that is almost impossible on the main street. Choice is a critical factor in e-commerce success.

Ecommerce solutions enable e-commerce sellers to offer a wider range of products without worrying about customer availability,

This means customers can always find what they are looking for.

10 Easy Steps to Start Your E-Commerce Business

Whichever marketplace you are going to select if you make the product and want the product to reach the customer.

The rest of you will be able to know with the help of these 10 easy steps how to start an eCommerce business.

More Related Questions

If you want to know about,

e-business and the scope of e business What is it and where and why do we use it.

We use the term e-business to refer primarily to the digital enablement of transactions and processes within a firm, involving information systems under the control of the firm.

FAQ [Frequently Asked Question about eCommerce]

What are the unique features of e-commerce?

1. Faster Buying Process | Sell Quickly
Guests can spend a lower time buying what they want.
They can fluently browse through numerous particulars at formerly and buy whatever they want.
When online, guests may find particulars available in physical stores far from them or not plant in their position, for illustration, Ranjeet is a client who goes to a store to buy a washing machine.

  • Reach Out to New Customer
  • Strategy for Marketing
  • Niche Marketing Target
  • Meet Customer at their Location
  • What is the importance of e-commerce in business?

    E-commerce empowers businesses to reach more customers than traditional retail. With so many people shopping online, this is the fastest-growing retail market. Statistics show that 96% of Americans with Internet access have made online purchases.
    The Scope of eCommerce platform is very high.

    What are the features of e Business?

  • E-business refers to the conduct of all types of business activity over the Internet. This includes activities such as buying raw materials/goods, training customers, finding suppliers, buying and selling products, Performing money transactions, etc. on the Internet
  • The Internet, intranet, and peripheral network are used. On e-business websites, applications, ERP, CRM, etc. is essential for e-business.
  • What are the two features of e-commerce?

    eCommerce and features of eCommerce are quite simply the purchases of goods and/or services by the Internet to date over 40% of all Internet users have made an online purchase spending almost 1.5 trillion dollars a year in commerce is split into four categories
    1.business-to-consumer B2C
    2. Business to Consumer (B2C)

    What are the main features of e-commerce?

    eCommerce and features of eCommerce are quite simply the purchases of goods and/or services by the Internet to date over 40% of all Internet users have made an online purchase spending almost 1.5 trillion dollars a year in commerce is split into four categories business-to-consumer B2C is what most people think of when they hear Most Important Features of eCommerce remember when you bought that new t-shirt about Google from Amazon that was you participating.

    What are the advantages of e-commerce?

  • It operates 24 hours a day, 7 days a week Provides a global reach where sellers Fast Buying Process Eliminates Operating Cost Connects far and wide Buyers can meet almost anytime,
  • Summary & Conclusion

    best business ideas with low investment

    e-Commerce is a great way for businesses and consumers to interact internationally and the future of e-commerce or e-business will drastically progress over the years as the amount of internet/

    eCommerce is not an IT issue but a whole business undertaking. Companies that use it as a reason for completely re-designing their business processes are likely to reap the greatest benefits. Moreover, E-Commerce is a helpful technology that gives the consumer access to businesses and companies all over the world

    Find more terms and definitions using Google Dictionary Search.

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