E-commerce is the use of Internet and the web to transact business however when we focus on digitally enabled commercial transactions between and amongst organizations and people involving data systems under the control of the agency it takes the type of e-business. The term E-Business is an acronym referring to “Electronic Business,” and its business is conducted with the use of the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit much like E-Commerce, but it surely’s more than just selling and shopping for merchandise or services online.
2) Items offered on the internet could require an electronic transaction to complete the purchase. When the seller receives the buyer’s credit card data, they can then use that to their advantage. If they have intentions of committing a criminal act, they can use the card information to make other purchases for themselves.
Likewise, if you have an online business, you’ll wish to convince your potential customers or Web site browsers to make a purchase for the products you are selling from your Web site. Once consumers decide that they’re ready to make a purchase, they’ll need to be guided to an online transaction or secure Web server as a way to collect their personal and payment info utilizing a secure encryption method. It is possible to create a Web site that can collect credit card and other sensitive knowledge with out offering encryption; however, most savvy shoppers will never enter credit card info right into a nonsecure Web site. Therefore, we highly discourage any attempt to create a simple shopping cart that does not include secure socket layer encryption of personal or sensitive knowledge. Operating a Web site with out encryption for personal or credit card information is a sure-fire method for disaster and loss of potential customers.
three. Consumer to Consumer (C2C) – It facilitates the online transaction of products or services between two people. Though there isn’t any visible intermediary involved however the parties cannot perform the transactions with out the platform which is provided by the online market maker reminiscent of eBay.
A recent example of how eCommerce portals are increasingly accepted in the market is of- A management graduate from EDI, Shikha Agarwal who has launched online Grocery store with Money on Delivery payment mode. The website contains all the items we would expect in a typical Grocery store checklist except perishable food. It’s indeed a luxury buying from this website as it allows buyers to stay in their cozy houses and make purchase at discounted rates and get home delivery of the merchandise ordered. The vital level of view she had not getting into Lifestyle or the Electronic sector. Instead by hitting the FMCG market, her website has recurrent and constant customers who purchase from the website every month.
Many eCommerce sites lose a large number of their prospective customers due to inadequate product info required to take an affirmative shopping for decision. Customer reviews and ratings can help merchants on this. More over a positive review works like a name for motion for the people reading it.
Therefore, it is highly important to set it up properly before the launch of the website; this fashion, guests automatically learn that ought to they choose to go beyond “looking” and make a purchase, they can easily do so, wherever they may be in the world. Integrating software for e-commerce, expert online marketing agencies declare, is easy enough, however there are strategic ways to make it furthermore advantageous for the business. The digital agencies that almost all businesses flip to can be relied on for best methods of transforming a website into an attractive digital store where all products are displayed beautifully and properly, and buying transactions can be completed with great ease no matter what kind of Web-connecting gadget people are using.