Electronic commerce, commonly known as E-commerce or eCommerce, is trading in products or services using computer networks, such as the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction’s life cycle, although it may also use other technologies such as e-mail.
E-commerce businesses may employ some or all of the following:
- Online shopping web sites for retail sales direct to consumers
- Providing or participating in online marketplaces, which process third-party business-to-consumer or consumer-to-consumer sales
- Business-to-business buying and selling
- Gathering and using demographic data through web contacts and social media
- Business-to-business electronic data interchange
- Marketing to prospective and established customers by e-mail or fax (for example, with newsletters)
- Engaging in pretail for launching new products and services
Benefits of e-Commerce
- Expanded Geographical Reach
- Expanded Customer Base
- Increase Visibility through Search Engine Marketing
- Provide Customers valuable information about your business
- Available 24/7/365 – Never Close
- Build Customer Loyalty
- Reduction of Marketing and Advertising Costs
- Collection of Customer Data
Basic Benefits of e-Business e-Commerce
- Increase sales – this is the first thing that people consider when dealing with e-commerce
- Decreasing costs
- Increase profits
- Understanding that profits is not the same as sales
- Expands the size of the market from regional to national or national to international
- Contract the market
- Reach a narrow market
- Target market segmentation allows you to focus on a more
- Select group of customers
- And therefore have a competitive advantages in satisfying them
Here are the list of E-Commerce Applications we do:
Magento Development
osCommerce Development
OpenCart Development
Prestashop Development
Virtuemart Development
Zen Cart Development
Custom eCommerce Solution
