For those of you
have not read my previous blog you probably should have. Anyway in this article
I will feature Electronic Commerce models or Ecommerce models. If you are
thinking of getting into the creative industry. Apart from identify your creative
vibe, and your niche industry, you must also have some understanding of what
Ecommerce is all about.
What Is Electronic
Commerce (Ecommerce)?
So
what is ecommerce? The term electronic commerce (ecommerce) refers to
a business model that allows companies and individuals to buy and sell
goods and services over the Internet. Ecommerce operates in four major market segments
and can be conducted over computers, tablets, smartphones, and other smart
devices. Nearly every imaginable product and service is available through
ecommerce transactions, including books, music, plane tickets, and financial services such
as stock investing and online banking. As such, it is considered a very disruptive technology.
Ecommerce
has changed the way people shop and consume products and services. More and
more people are turning to their computers and smart devices to order goods,
which can easily be delivered to their homes. As such, it has disrupted the
retail landscape. Amazon and Alibaba have
gained considerable popularity, forcing traditional retailers to make changes
to the way they do business.
But
that's not all. Not to be outdone, individual sellers have increasingly engaged
in e-commerce transactions via their own personal websites. And digital
marketplaces such as eBay or Etsy serve
as exchanges where multitudes of buyers and sellers come together to conduct
business.
Advantages and
Disadvantages of Ecommerce
E-commerce offers consumers the following advantages:
· Convenience: E-commerce can
occur 24 hours a day, seven days a week.
· Increased selection: Many stores offer
a wider array of products online than they carry in their brick-and-mortar
counterparts. And many stores that solely exist online may offer consumers
exclusive inventory that is unavailable elsewhere.
But
there are certain drawbacks that come with ecommerce sites, too. The
disadvantages include:
· Limited customer service: If you shop online
for a computer, you cannot simply ask an employee to demonstrate a particular
model's features in person. And although some websites let you chat online with
a staff member, this is not a typical practice.
· Lack of instant
gratification: When
you buy an item online, you must wait for it to be shipped to your home or
office. However, e-tailers like
Amazon make the waiting game a little bit less painful by offering same-day
delivery as a premium option for select products.
· Inability to touch products: Online images do not necessarily convey the whole story about an item, and so e-commerce purchases can be unsatisfying when the products received do not match consumer expectations. For example: an item of clothing may be made from shoddier fabric than its online image indicates.
Summary
· Ecommerce is the buying
and selling of goods and services over the Internet.
· It is conducted over
computers, tablets, smartphones, and other smart devices.
· Almost anything can be
purchased through ecommerce today.
· It can be a substitute
for brick-and-mortar stores, though some businesses choose to maintain both.
· Ecommerce operates in
four market segments, including business-to-business, business-to-consumer,
consumer-to-consumer, and consumer-to-business.
Conclusion
Ecommerce
is just one part of running an ebusiness. While the latter involves the entire
process of running a business online, ecommerce simply refers to the sale of
goods and services via the internet. Ecommerce companies like Amazon, Alibaba,
and eBay have changed the way the retail industry works, forcing major,
traditional retailers to change the way they do business. What platform works
best for you as a creator Amazon, Etsy, eBay? Or are you considering starting
your own website?
Please let us know in the comments below. And please check the links below for
more information.
Links:
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