Electronic commerce, commonly known as e-commerce, is a type of industry where buying and selling of product or service 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, processing, electronic (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.
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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.Lot of companies are trying to go into online presence to sell their products. These companies can be from industry of like electronics,clothing,baby products etc.
Types of ecommerce:
- Connects individual consumers with sellers, cutting out the middleman
- E.g. Amazon.com
- Supports business transactions on across private networks, the Internet, and the Web
- Connects individual sellers with people shopping for used items
- E.g. Ebay.com
- Realizing a need
- Researching a product
- Selecting a vendor
- Providing payment
- Accepting delivery
- Using product support
Sellers business practices
- Market research to identify customer needs
- Manufacturing products or supplying services that meet customer needs
- Marketing and advertising to make customers aware of available products and services
- Providing a method for acquiring payments
- Making arrangements for delivery of the product
- Providing after-sales support
DiggySyS is a Technical Solution provider for all your IT solutions and fully featured for
process and security management and do ecommerce web application development along with shopping cart development.
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