Ecommerce, also known as online shopping. Buying or selling anything from the internet. But in deep Definition Ecommerce / electronic commerce/internet commerce / online commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.
Ecommerce not only used to refer to the sale of physical products online but also it also describe any kind of commercial transaction that is facilitated through the internet.
If you search in tech giant Google using this keyword *What is eCommerce ?*
Then you get a lot of Definition.
Wikipedia – E-commerce is the activity of buying or selling products on online services or over the Internet.
History of eCommerce:
The history of eCommerce start On August 11, 1994, by selling a CD. It was by a man who sold a CD by the band Sting to his friend through his website NetMarket.
NetMarket is an American retail platform.
This is the first example of a consumer purchasing a product from a business through the Internet or “eCommerce” from my research
Let’s know more: There are four main types of eCommerce models
1. Business to Consumer (B2C):
When a business sells a good or service to an individual consumer (e.g. You buy a t-shirt from an online retailer).
2. Business to Business (B2B):
When a business sells a good or service to another business (e.g. A business sells software-as-a-service for other businesses to use)
3. Consumer to Consumer (C2C):
When a consumer sells a good or service to another consumer (e.g. You sell your old furniture on eBay to another consumer).
4. Consumer to Business (C2B):
When a consumer sells their own products or services to a business or organization (e.g. An influencer offers exposure to their online audience in exchange for a fee, or a photographer licenses their photo for a business to use).