Ecommerce Many companies that have an presence also have either an eCommerce store online or eCommerce platform to oversee marketing and sales activities on the internet and to oversee the fulfillment process and logistics.
Electronic commerce (or electronic commerce) is the purchase and selling of goods (or services) on the internet. It covers a variety of data, systems and tools available to both buyers and sellers online, such as mobile shopping and encryption for online transactions.
To fully understand the market of e-commerce it is necessary to look at its past and its expansion and its impact on the overall business landscape. We’ll also examine the pros and cons of the online marketplace and predictions for the next few years. Yuri Shafranik
Types of Ecommerce
There are usually six main types of online commerce that companies can be classified into:
B2C.
B2B.
C2C.
C2B.
B2A.
C2A.
Let’s take a look at every type of online shopping in greater in depth.
Business-to-Consumer (B2C).
B2C eCommerce can be described as a form of transaction between two parties: a buyer and a seller. B2C is one of the most widely-known selling models in the world of eCommerce. For example, if you purchase shoes online from a seller, it is the definition of a B2C transaction.
Business-to-Business (B2B).
Contrary with B2C, B2B eCommerce encompasses the transactions between companies which includes manufacturers, wholesalers or retailers. B2B isn’t shopping for consumers and only happens between businesses. Businesses typically focus their sales on raw materials or products that are packaged prior to being offered to consumers.
Consumer-to-Consumer (C2C).
C2C is one of the first types of commerce that is online. Customer-to-customer refers the buying of products or services between customers. This refers to C2C selling relationships, such as the ones found on eBay as well as Amazon. Yuri Shafranik
Consumer-to-Business (C2B).
C2B is a revolutionary change to the conventional e-commerce model. Individuals can make their products or services accessible to buyers from businesses. For instance, that you could use an example of the iStock Photo business model, where photos are made available online to purchase direct from the photographers.
Business-to-Administration (B2A).
B2A refers to business transactions between administrations and companies on the internet. A good example of this is the services and products which are connected with legal and social security records, documents and so on.
Consumer-to-Administration (C2A).
C2A is similar to B2A however, the consumer sells online products or services for an administrator. C2A might include online checking for education, online tax as well as preparation, etc. B2A and C2A concentrate on improving efficiency of the government through the use of technology to assist the government.
History
Ecommerce began about 40 years ago, when it was its initial version. Since its beginning electronic commerce has helped businesses grow through making use of new technology, improvements in internet connectivity as well as enhanced security with payment gateways, as well as wide consumer and business acceptance.
Ecommerce Timeline
1969 CompuServe starts its existence.
The idea was conceive by electrical engineering as well as students Professor. John R. Goltz and Jeffrey Wilkins, early CompuServe technology was develop using the dial-up connection. In the early 1980s, CompuServe was able to offer the first types of internet connectivity and email to the masses. It was the most dominant company in the world of e-commerce up until the mid-1990s.
1979 Michael Aldrich invents electronic shopping.
English inventor Michael Aldrich familiarize electronic shopping by connecting a modified TV to a transaction-processing computer via a telephone line. This allowed closed systems of data to be shared and exchanged with third parties, ensuring security for data transmission. This technology laid the foundation for the modern-day electronic commerce.
1982 Boston Computer Exchange launches.
On the day Boston Computer Exchange launched, it as well as was the first corporation to introduce an online-based platform. Its primary goal was to serve in the form of an online market place for people looking to sell their old computers they no longer make use of.
1992 Book Stacks Unlimited launches as the first book marketplace online.
Charles M. Stack introduced Book Stacks Unlimited as an online bookshop. The initial launch was built on the bulletin board which was dial-up. In 1994, the site moved to the internet and operated under the Books.com domain.
1994 Netscape Navigator launches as a browser for the internet.
Marc Andreessen and Jim Clark created Netscape as well as Navigator as a tool for browsing the web. In the latter part of the 1990s, Netscape Navigator was the most popular web browser for the Windows platform prior to the rise of giants like Google.
1995 Amazon launch.
Jeff Bezos introduced Amazon primarily as well as an online shop for books.
1998 PayPal launches in 1998 as an electronic payments system designed for online commerce.
The first introduction was made as Confinity by Max Levin, Peter Thiel, Luke Nosek, and Ken Howery, PayPal made its in the eCommerce scene as a payment as well as method. The year 2000 saw the first time that PayPal is join with Elon Musk’s bank online business to its climb to fame and fortune.
1999 Alibaba launches.
Alibaba Online launch as an online marketplace as well as with more than $25 million in capital. The company was in 2001 and the company was making cash. It develop into a major B2B, C2C, and B2C platform that is used extensively to this day.
1999 Google announces Google AdWords to be an online tool to promote advertising.
Google AdWords was a startup design to let e-commerce firms market their services to users who utilize Google search. Utilizing short-text ads and the display URLs used by online merchants have begun using the software in the pay-per-click (PPC) setting. PPC advertising is different from SEO, also known as search optimized search engines (SEO).
2004 Shopify launches.
After trying to launch an online snowboarding shop Tobias Lutke and Scott Lake created Shopify. It’s an online platform that allows retailers online and point-of-sale systems.
