Online store business is a very tricky business and it has been in India since very long, the online market has knowledgeable and novice players in market space. At Present the aggressive scenario in eCommerce and M-commerce market is B2B and B2C as it is growing in vast. When compared to online purchasing and physical store traditional buying – physical store takes a long time in Indian Market. Ecommerce Websites not only helps consumers and vendors in buying and selling products but also helps in numerous business processes within the respective organization that encourage the goals.
Keywords: Ecommerce, Ecommerce Website Development, Ecommerce website Development in Bangalore.
CONCEPTS AND DEFINITIONS
Online store and Mobile commerce specifies extensive range of online business activities for products and services. It also characterize for any business transactions through online electronic medium instead of physical exchange or straightforward physical contact. Passing of digital information’s via electronic communications is called eCommerce, simply connection between individuals or an organization.
DIFFERENT TYPE OF ECOMMERCE BUSINESS: The major different types of e-commerce are:
- Business to- Consumer (B2C)
- Business-to-Business (B2B)
- Consumer-to-Consumer (C2C)
- Consumer-to-Business (C2B)
- Business-to-Government (B2G)
- Mobile commerce (m-commerce)
Benefits of E-Commerce to Businesses (Benefits of Ecommerce for Retailers)
Customer convenience: option called Cash on delivery payment paying the products when reached to consumers and online eCommerce portals and logistic companies allow the buyers to buy products or any services from their door step and anytime – maybe be day or night.
Product Replacement guarantee: Most of the online shopping companies provide money back guarantee if there is a damage on products or replacement on products when size mismatch.
Hassle Free inventory Management: built-in automated inventory management system for easy maintenance flow of eCommerce store using web-based management system.
Selling Products Across the globe: you are limited when you are targeting with your physical store but if you own an eCommerce store, you have the ability to sell your products and services across the globe.
Available 24*7/365: The main core benefit of online store over the physical store is you can be online 24/7/365 and run all seasons providing discounts to attract customers
Latest Technology of Multi-site feature: Can launch multiple website with one back-end, can have target Multi-product with different domains.
In the recent years there are more than 58,370 Crores Rupees spend each and every year for online shopping in India – largest eCommerce websites like Amazon, Flipkart, Snapdeal, Futurebazaar, Homeshop18, Ebay, Rediffshopping, myntra, shopclues etc. Ecommerce business is a long term business if it’s properly promoted absolutely believe that the future business is through ecommerce and retailers will play a big role in India growth precisely.