Some pointers that help understand the working of E commerce

E Commerce working made easy


It's not difficult to explain how e commerce works. The exchange of goods and / or services electronically is known as E commerce.

When you buy remote controlled cars from any online store such as eBay, Amazon.com, you automatically participate in e commerce. Downloading music from sites such as Napster or iTunes is also included under the purview of e commerce. First, lets discuss the different types of e commerce to help you understand it better.

B2B: The oldest form of e commerce is B2B or business-to-business e commerce. Electronic sharing and transfer of files and information was started by banks and other businesses way back in the 1960s. Due to lack of a standard for conducting this business, all businesses could not successfully transfer with each other. Thus the sharing of files and information was restricted. The 80s was when B2B e commerce really took off with the setting up of a reliable standard which made it possible for all to use the same method and hence exchange files much more easily.

C2C: Consumer-to-consumer or C2C has gained popularity with the masses and is widely used by many today. You are a participant of consumer to consumer e commerce if you have ever purchased anything online from a person instead of a business. This can be through an online ad posting, an electronic bulletin, or an online auction. Auction sites like eBay which allow users to put their goods online and sell to the highest bidder characterize online auctions which are the most popular form of consumer-to-consumer e commerce.

P2P: The use of Napster for sharing files free of cost gave rise to P2P or peer-to-peer e commerce. It is a common sight to come across various similar websites and file-sharing programs and systems online.

B2C: The explanation of the working of e commerce will be incomplete without mentioning the huge amount of e commerce that takes places from business-to-consumer. Thus e commerce includes any purchase made at an online store or website, it can be a download of something electronic or any item that has to be shipped to the buyer. Keep in mind the following pointers for effective explanation of how e commerce works.

E commerce comprises of one or more of the following, all of which are transactions that are conducted online: Information exchange or Money transfers or Goods/Services exchange. You can explain how e commerce can be favorable by using simple concepts. If you wish to purchase a book, for example, it is not too hard to locate numerous online bookstores and use them to compare its prices to determine the lowest one. Your search for a store which ships the book to you at the lowest cost and the earliest time will be made easy by comparing the various stores on the basis of their shipping costs and shipping time.

You can cut the effort of standing in queues, fighting crowds and save the money spent on transportation or gas rc cars by doing this. It is not difficult to see the advantages offered by e commerce when you consider the opportunity to compare and shop for both small and large items. Although, we can explain it to you; it is easier to see the advantages that e commerce has to offer, when you have purchased an item using this method.

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