- Nov 19, 2021
What is Ecommerce?
Ecommerce is a phrase coined by Electronic Commerce.
In layman's language E-commerce refers to commercial transactions conducted electronically over the internet.
In other words, the buying and selling of goods and services over the internet. These transactions are done via the use of computers, tablets, smartphones, and other smart devices.
It can be seen as a kind of replacement for the contemporary brick and mortar stores although many businesses still maintain both.
Some typical examples of e-commerce stores include online stores like Amazon, eBay, Jumia, Alibaba, Shopify, etc.
ORIGIN OF E-COMMERCE
The history of e-commerce started over 40 years ago when the introduction of early technology like Electronic Data Interchange (EDI) and teleshopping in the 1970s paved the way for the modern-day e-commerce store as we know it today.
The history of e-commerce is closely intertwined with the history of the internet. Online shopping became possible when the internet was opened to the public in 1991. Amazon was one of the first e-commerce sites in the US to start selling products online and thousands of businesses have followed since.
TYPES OF E-COMMERCE
There are three main types of e-commerce:
1. B2B- Business-to-business (websites such as Shopify).
2. B2C- Business-to-consumer (websites such as Amazon),
3.C2C- Consumer-to-consumer (websites such as eBay).
Here are some E-commerce examples…
Business-to-business, or b2b, is the practice of selling online from one business to another, in other words, wholesale.
Nowadays, a lot of e-commerce is b2c, as it’s easy for businesses to target specific consumers online. Businesses are able to put their products online, allowing the consumer to purchase the products in the comfort of their own home, saving them some precious time.
Remember that shirt you bought? You didn’t have time to send it back to the retailer to return, so where did it end up? At the back of your wardrobe, never to be worn by you.
The Benefits of E-Commerce
The internet is so big; a vast array of products can be stored on it. Unlike a brick-and-mortar store, there is no limit to what can be stored on the internet. Anything from CDs to beds and sofas can be bought online.
As well as this, there is no limit as to how the products are bought. Many companies are turning to social media channels, such as Facebook and Instagram, to target specific customers and push certain products.
Coders Triangle Ecommerce Service
Coders Triangle in her mission to support the students and all users and make life easier put in place an e-commerce platform to enhance the standard of living of the users.
The Ecommerce platform serves to provide the necessary and all-important goods and services needed by the students and make it accessible to them with ease.
Users holding the $CTT can buy their daily use products and services on this platform at an amazing discount and also enjoy free delivery offered by the excellent courier service provided by Coders Triangle.
Coders Triangle with the welfare of the students and all users in mind structured the user interface(UI) in such a manner that anyone can easily navigate on the platform buy things at ease without being techy, unlike some other e-commerce platforms with some kind of complicated interface.