The term E-Commerce website is now firmly lodged in our language. So just what is it?
Simply put, an E-Commerce website is one which utilizes the buying and selling of goods, services, or information via the World Wide Web, email or other pathways on the Internet. E-Commerce is here to stay and will play a bigger role in our lives over the years ahead. E-Commerce and E-Business are interchangeable terms. E-Commerce can be broken down into the following sections:
Facilitating business on the Internet is called E-Commerce. E-commerce is short for “electronic commerce.”
Popular examples of an E-Commerce website revolve around buying and selling online. Any form of business transaction conducted electronically is E-Commerce.
Buying and selling products on the Internet is one of the most popular types of E-Commerce. Sellers create storefronts that are the online version of retail outlets. Buyers browse and purchase products in the convenience of their own home or office. Although Amazon.com is not the pioneer of online shopping, it is arguably the most famous online shopping destination.
There needs to be a mechanism to pay online too. That is where payment processors and payment gateways come into the picture. Electronic payments reduce the inefficiency associated with writing and mailing checks. It also does away with many of the safety issues that arise due to payment made in currency notes.
E-Commerce can be classified based on the type of participants in the transaction: Business to Business (B2B), Business to Consumer (B2C), and Consumer to Consumer (C2C).
The primary benefits of E-Commerce revolve around the fact that it eliminates the limitations of time and geographical distance. In the process, E-Commerce usually streamlines operations and lowers costs.
There are several things to be concerned about in planning an E-Commerce site:
LCSI Web Design can help you with all of these issues and design a site that will produce sales and full reporting.