Electronic commerce is a term that refers to the act of purchasing and selling products and services over the internet. When the internet is the dominant technology, websites are the logical interface for advancing the transaction. As a result, E-commerce website building has become a profitable commercial venture for the majority of organisations. India's e-commerce market is expected to reach $56 billion by 2023, according to a poll done by the Economic Times. This clearly paves the road for e-commerce website development firms to expand their resources in the next few years. To get an advantage over the competition, several have introduced freebies and appealing incentives such as free delivery and gifts, coupons, and a simple return policy.
How can we assist you in starting an online business:
Before moving on with the real process of building an e-commerce firm, it is necessary to gain a better grasp of the E-commerce platform and to clarify certain basic principles.
What is the definition of e-commerce?
Electronic commerce, or e-commerce, is a word that refers to the act of selling and acquiring goods via the Internet, such as clothing, shoes, apparel, or anything else on an online platform. In other words, e-commerce is the process through which businesses and customers exchange products and services over an electronic medium. E-commerce include online marketing, supply chain management, online transactions, and mobile marketing, as well as a host of other data transfers that assist a business in operating and growing.
When and how did e-commerce begin?
E-commerce first appeared in the 1960s, when data began to be sent over the internet and businesses began to use the technology known as Electronic Data Interchange, or EDI, in which files or documents began to be transferred over the internet for business purposes.
Market Development in E-Commerce
With the growing popularity of online shopping in India, the eCommerce sector is likely to soar to new heights. People are becoming increasingly interested in and trusting of online buying. As a result, internet shopping has grown in popularity, according to Prateeksha Web Design. In India, only the metropolitan areas were first viewed as being attracted toward eCommerce websites. However, thanks to the Digital India programme, even smaller communities are becoming more interested in the advantages of online purchasing. As a result, in the next few years, the number of online clients will continue to rise.
E-commerce Websites' Advantages
With the introduction of the Internet as a commercial tool, e-commerce websites have jumped on the bandwagon. More and more websites are being created that allow people to purchase desired products and services with just a few mouse clicks. The introduction of mobile devices has given the Internet a new lease on life. It is now accessible to customers wherever and whenever they need it. Furthermore, with the advent of responsive designs and other more technologically advanced web designs, e-stores are now easily accessible on smartphones, tablets, and other mobile devices.
Website for e-commerce
E-commerce websites are those online portals on which goods are sold and purchased, as well as monetary transactions corresponding to them. However, E-commerce is not restricted to selling and purchasing; it also encompasses web portals for trade, counselling, tutorials, music, auctions, movies, and retailing. E-commerce is a large platform that allows anyone to sell their product and acquire your stuff.
The following are the different types of e-commerce:
Business to Consumer (B2C) (B2C)
This type of e-commerce involves a company selling its products to customers or consumers via online web portals, where you can search for your desired product, scroll through it, add it to your cart, and then purchase it using an online fund transaction method such as credit/debit card or net banking. Amazon and Flipkart are the best instances of this. Consumer to Business (C2B) refers to the process of selling and purchasing commodities or products from businesses via the internet, such as a paid survey about any company's product.
Business-to-Business Network (B2B)
The purchasing and selling of goods or services through the internet between two businesses or companies. The finest example is a company that provides hosting services for other companies' websites, such as GODaddy, which sells domains and other hosting services to other businesses.
Consumer to Consumer (C2C) (C2C)
Consumer to Consumer e-Commerce occurs when you sell a thing that you no longer need to a needy person via the internet. OLX is a great example of this. It's a large platform where you can post ads for items you no longer need and the buyer can contact you directly using the contact information you put on the website.
E-Commerce Characteristics
The Geographical Scope
The first and best aspect of E-commerce is its global availability; anyone may buy their favourite and needed product from anywhere; no country is out of reach for anyone; the thing you have chosen for yourself will be delivered to your location once you order it within the specified timeframe. So, no matter where you are staying or ordering from, all you need is a valid address where your stuff may be delivered quickly.
Ubiquity or Omnipresence
Because electronic commerce is based on the internet, all you need is an internet connection, which you may acquire in the form of wireless fidelity, which is a hotspot to which you can connect your smartphone and scroll through the things you want to buy from the comfort of your own house. The only market that is always open is e-commerce, because traditional markets have their own operating hours; you can't go to the market at midnight if it's open from 9:30 a.m. to 10 p.m., but e-commerce came into prominence because it doesn't have any resting hours; the online store is open for everyone 24 hours a day, 7 days a week, anytime and anywhere.
Interactivity
This is the most prominent element of e-commerce, since it allows for actual engagement with the customer, as well as a complete and transparent procedure, such as tracking the shipping and delivery after placing an order. This leads the customer to believe that the platform they used to shop is an online business. This feature keeps the consumer around for a long time.
Standard for All
Individuals, government organisations, and businesses all access the e-commerce platform via the same media, internet, and technological standard. Each user must first create an account on the site and select a username and password.
How can we grow an ecommerce company?
Following product selection, we begin designing the website and, with the client's consent, begin the process of website development, which involves the addition of features to the website design. In other words, this step brings the dead site to life and constructs your ideal site. This procedure takes between four and ten weeks, depending on the planning and development technologies we use. The shopping module is developed as part of the E-commerce Website development process, during which we create accounts on various marketplaces and list the products, allowing us to begin the process of ordering products within 15 days of the start of the project's design and development, ensuring that the customer is satisfied with their growing business.
We use the following technologies:
Woocommerce
If your website is built on Wordpress, you can easily integrate a shopping cart system into it using Woocommerce, a fantastic Wordpress plugin. Woocommerce allows you to sell your items and services on your Wordpress website, and the greatest part is that it's completely free, with all of the same great features as the paid add-ons. With Woocommerce, you can sell your products digitally and keep track of them while managing inventories and integrating payment gateways.
