E-commerce or Electronic commerce is the online trading of products or services via Internet or other computer networks. As the same in the traditional commerce, buyers and sellers come together to exchange merchandise for money but only the means will vary. In traditional commerce, all the exchanges will be done personally. In E commerce , commodities will be swapped via Internet. It offers convenience to the buyers as well as sellers. Buyers can visit multiple of website to compare prices and make purchase. By sitting in front of their desktop, they can do purchase all around the globe. They can save their time and energy where as the sellers can cut costs and expand their markets by avoiding their operational costs namely build, staff, or maintain a physical store or print and distribute mail order catalogs. Sellers can feel the convenience of automated billing systems and order tracking cuts supplementary labor costs. If the product or service can be downloaded such as e books, video / audio file or computer software tools, there is no distribution costs for the seller. The key advantage is the product can be sold over the global internet. They can market their products globally and there is no limitation by the physical location of a store. They can even track the interest and preference of the customer and use this information to have an ongoing relationship by customizing the products according to their requirement. E-commerce put away time, energies, labor and money and released a new perspective to the modern age.
Tags: E commerce
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