Shopping has become the trend of today’s generation, some people do it as a hobby also. Newer ways of luring the customers are being adapted by the brands and malls. Due to time constraint many people don’t get the time and chance to go to a mall and shop. This problem is solved by the ecommerce websites where you can actually view the products or items and find services. Online shopping can be done by sitting in the comfort of your home or office, it has blurred the limitations of geographical locations.
An ecommerce website is basically online trading ground which is used for buying and selling of products or services, monetary transaction is also done online. Here same mode of trading is used as in real shopping. In technical terminology ecommerce is online sale of goods from a seller that are present online. Many online retailers do not have intermediary services as they don’t feel the need of it.
Ecommerce has enhanced online shopping which is also its most popular form. It is the latest offering of the 21st century. Here 2 basic formats of trade is used- 1) B2B transaction which stands for business to business. Here trading activities occur between the wholesaler and retailer, or between wholesaler and manufacturer. This type of trading is done on demand of consumers. Trading at this level is selling of raw materials and related components, which has to be completed into final product before selling to the target customers. They are B2B type of trading of ecommerce.
2) Second format of ecommerce trade is B2C which stands for business to consumers. This is like real shopping which we do in a shopping mall or in real. Trading activities is carried out between the retailer and the consumers. Here the retailer sells the products and the consumers’ purchases it. The process is as simple as real shopping experience. Here prior to B2C transaction, B2B transaction has already taken place. Already the retailer has made business transactions with another business for getting the final product.
Ecommerce is very convenient for both buyer and seller, everything is just a click away. Payment can also be done online, customers have to just take a shopping cart and go on shopping spree online. Usually all monetary transactions are done in a secure manner. You have the facility here to compare the prices of similar product type just by searching online, you don’t need to visit them in real as in real shopping scenario.
Author Resource:-
SPINX - is a Leading internet marketing and Los Angeles Website Design company providing web different services at Web Design Santa Monica, for Website Design and Graphic Design in Californian and worldwide.
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