What is e-commerce ? its advantages and disadvantages

If we look at the data of the last few years, the number of customers doing online shopping is increasing very fast. From this, we can get an idea that the prominence of e-commerce is very high at present. In such a situation, we have to use e-commerce. What is commerce? And its advantages and disadvantages should be known and understood. In the old days, e-commerce was not so important because, at that time, people did not believe in things like online shopping. The reason for this was that the internet had not developed so much at that time, but with time, as the internet became more and more important in reaching people, the credibility of e-commerce gradually increased among people. In today's time, millions of people go to e-commerce websites and do online shopping every day, and all types of businessmen who have big businesses are now taking their shops online by creating an e-commerce website for their business. For this, it has become necessary to know what e-commerce is. So let us now start learning all the information related to e-commerce, like what is e-commerce, the history of e-commerce, types of e-commerce, advantages, and disadvantages of e-commerce, etc.

what is e commerce | its advantages and disadvantages

    What is E-commerce?

    The full name of e-commerce is electronic commerce. Buying or selling any kind of goods, goods, or services through the Internet is called e-commerce. In today's time, there are many examples of e-commerce like Amazon, Flipkart, OLX, etc. All this is an e-commerce platform on which goods, services, etc. are sold and bought online.

    In a way, doing business over the Internet can also be called e-commerce. Commerce means the exchange of any type of product or good, and when we do commerce through the internet, we call it e-commerce. If we now try to understand the meaning of e-commerce, then we can call e-commerce the exchange of goods and services electronically, i.e., buying and selling. E-commerce is a means through which we can sell and buy our products and services anytime and anywhere with the use of the internet. If we buy the same or any service from offline shops, then in this case we need to go to the shop, but in e-commerce, we can buy goods sitting at home through the internet.

    In this case, we cannot physically inspect the product before purchasing it. In this, we see the graphics of the products online through the internet, and based on reviews and images, we can buy any kind of product. Deciding means we cannot see the product physically, like in offline shops.

    History of e-commerce

    Businesses used to interchange their data through EDI, i.e., Electronic Data Interchange. Since then, e-commerce started on a small scale, after which credit cards, ATM cards, and airplanes through electronic The process of booking tickets has started.

    WWW, i.e., the World Wide Web, was started in 1989 to 1990, after which Amazon started in 1994, which is considered to be the largest platform for e-commerce to date, and eBay started in 1995. From now on, e-commerce has started to reach a major level, and in today's time, Amazon has become one of the biggest e-commerce websites.

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    How many types of e-commerce are there?

    As we see, there are many types of e-commerce, and there are different types according to different businesses. There are mainly four types of e-commerce, which are given below:

    1. Business to consumer.  When any kind of product or service is sold by a business to a direct consumer online, then we call it "business to consumer," i.e., B2C e-commerce, in which the product or service is delivered online directly to the consumer by the brand.

    Ex. Like buying clothes, mobiles, laptops, etc. through any online store.

    2. Business to Business. When any type of good or service is sold from one merchant to another merchant online, then it is called "Business to Business," i.e., B2B e-commerce, in which a brand sells its product or service to another brand online.

     Ex. For example, brands with photos and images sell their images online through their website to brands that need those images commercially.

    3. Customer to Customer. When a consumer sells his product to another consumer online, then such purchase and sale are called "Consumer to Consumer," i.e., C2C e-commerce.

    Ex. For example, a person sells his old goods or property to another person using the Internet.

    4. Consumer to Business: When a consumer sells any of his products or services online to a business through the Internet, then such a transaction is called Consumer to Business, i.e., C2B e-commerce.

    Ex. As a video editor, he sells the videos he records to brands with video and photo stocks via his website, and when the video editor needs specific footage, he purchases it from the website with video and photo stocks. Is.

    Advantages of E-commerce

    1. Through e-commerce, we can sell our products or services not only in a specific area but in every area. 
    2.  In e-commerce, customers do not belong to any specific area, but people from every area are customers to whom we can sell our goods. 
    3.  We can buy any good 24 hours a day, 7 days a week through e-commerce. 
    4.  In e-commerce, before buying a product, we can see the reviews and comments of other people who have bought that product, so that we can know about the quality of the product. 
    5.  In e-commerce, we can buy the goods we need while sitting at home. We do not need to go anywhere.

    Disadvantages of E-commerce

    1.  While buying anything through e-commerce, we have to take great care of our security and cyber security because illegal activities like online fraud and hacking often happen. 
    2.  To buy anything with the help of e-commerce, it is necessary to have knowledge of mobile phones and the internet. 
    3.  With the help of e-commerce, when we buy any goods, it takes 1 to 2 days to reach us, and if the delivery location is a village, then it may take even a week. 
    4.  A new e-commerce website cannot be trusted easily as it can also be a new type of fraud. 
    5.  To buy anything from an e-commerce website, we need high-speed internet. If we do not have internet, then we cannot buy anything from an e-commerce

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    conclusion

    We have learned from this article what e-commerce is. We have also understood its advantages and disadvantages, but, as we see, e-commerce is growing slowly and rapidly, along with some problems with some facilities. This is why we need to know e-commerce very well. We shared some information in this article about e-commerce. If you would have liked to read this article, then definitely share it with everyone so that everyone knows about it.

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