E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
When the speed of internet in Bangladesh is converted to 3G. Since then, the people of Bangladesh have been gradually awakening about e-commerce. And how to use e-commerce? People started to be curious to know about him. Amazon, eBay Walmart etc. Shopify is one of the most popular ecommerce platforms in the world. Daraz is a popular e-commerce establishment in Bangladesh. However, at present many e-commerce companies have been established in Bangladesh. Who are providing full benefits to the shoppers of Bangladesh for online shopping.
Along with Daraz, one of the most popular e-commerce companies is Evaly. Evaly by offering them various offers and best products. They have attracted buyers in such a way. As a result, Evaly's reputation quickly spread to online-based shoppers.
What is e-Commerce?
Ecommerce refers specifically to the transaction of goods and services online. If I want to say in a little more detail, I can say a definition. E-commerce is the complete process of buying and selling something online through any electronic device including mobiles , laptops and computers.
The history of e-commerce begins with the first online sales:
On August 11, 1994, an American retailer sold a CD to his friend through his website NetMarket. This is the first instance of a customer purchasing a product from an online merchant through the World Wide Web or eCommerce. Basically from here people understand that it is possible to sell different products and services online. Since then, this idea has been implemented by different entrepreneurs in different countries.
As a result, eCommerce has evolved to make it easier to purchase products through online retailers and marketplaces. Individual freelancers, small businesses and large corporations have all benefited from ecommerce. Which enables them to sell their products and services on such a scale. Which was not possible through traditional offline retail.
What is eCommerce and types of eCommerce and a brief history -
Global ecommerce sales are expected to reach $36 trillion by 2021. This kind of current corona situation can make it worse. A situation like Corona has made people eager to procure any product or service sitting at home. People can now order any food sitting at home. And getting the opportunity to collect any product you need.
Types of Ecommerce Models:
There are four main types of ecommerce models. Which can describe almost every transaction that takes place between the customer and the business.
01. Business to Customer (B2C):
When a buyer purchases a retail product from a specific merchant, it is called Business to Customer or B2C. Suddenly a small businessman is meant in this case. When a small trader sells his goods or services, a buyer buys goods or services from that trader at a retail price. This method of business is called business to customer.
02. Business to Business (B2B):
When a trader makes a financial transaction with another trader over a product or service, it is called business to business. Wholesale marketplaces show a trader selling his product or service. And another merchant buys it and collects it to reach customers. This means that when one trader buys goods from another business, this process is called business to business.
03. Customer to Customer (C2C):
When a customer sells a product or service to another customer, he is called a customer to customer. Many times the customer sells a variety of products or services abandoned in his home to another customer care. For example, a customer has an old table. When the table is sold to another customer, the process is called customer to customer.
Customer customer business transactions are usually done through social websites and community websites. For example, a customer sells his product to another customer through Bikroy or Olx.
04. Customer to Business (C2B):
When a customer sells a product to a trader or organization, he is called a customer to business. Suppose a customer has accumulated a lot of products. Then the products purchased by the customer are no longer required. In this case the customer resells his goods to another merchant. This system is called customer to business when a merchant repurchases goods from the customer.
Different types of sales are performed in e-commerce between buyers and sellers:
01. Retail:
Selling products by business directly to a customer without any intermediaries. Earlier in our discussion, we wanted to make it clear to you that the retailer is the seller. Who collects products from wholesalers and sells them directly to customers. This means that when a customer buys a product or service directly from a small business, it is called retail.
02. Wholesale:
In most cases retailers purchase goods or services in bulk from large organizations. They buy at wholesale and then sell directly to consumers at a small profit. Basically they are called wholesale buyers.
03. Drop Shipping :
To sell a product, when the manufacturer and the selling company send the product to the customer by a third party, it is called drop shipping. Some articles have already been published on our PD blog about drop shipping. Drop shipping is a business that anyone can do at home. If you also want to become a drop shipper and do business online, you can start a drop shipping business today.
04. Crowdfunding:
It raises money from consumers in advance to raise the startup capital needed to bring a product to market. The product is then brought to the market and delivered to the buyers. This process is called crowdfunding .
05. Subscriptions:
Subscription is the automatic recurring purchase and sale of a product or service on a regular basis until the customer cancels. When you subscribe to something online, such as playing video games, watching premium videos online, or making purchases to use any of the online tools, it is called a subscription related business.
06. Physical Products:
Touchable products that have to be delivered after the customer orders.
07. Digital Products:
Downloadable digital products, templates and courses etc. Which must be purchased for use or licensed for use.
08. Services:
Selling solutions using skills or one's own experience in the work of others.
What is meant by e-commerce and the end of e-commerce history:
Hopefully, I've been able to give you a little overview of today's e-commerce introduction and e-commerce history. Besides, we have also discussed the important issues of different types of e-commerce. I believe that will help you.
There may be many spelling mistakes in our articles or many misunderstandings in our writing. In this case, forgive our mistakes and help us to correct them. Don't forget to leave us a comment after reading our article. Your comments are very important to us.
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