What is eCommerce?

To get the whole idea of what the main purpose of our company is and what we are all about, this post is just for you.what is ecommerce First of all let’s realize that all we are dealing with right now is e-commerce.

eCommerce goes from electronic commerce which means buying and selling various kinds of products or services with the help of both electronic systems: the Internet or other computer networks.

Most common examples of e-commerce are:

  • On-line shopping: customers browse and purchase any product they like with a mouse click.
  • Electronic Payments: very convenient, as you don't need to spend your time on writing and mailing checks.
  • On-line Auctions: in comparison with a regular storefront shopping a lot of buyers find the auction shopping mechanism much more interesting and fascinating.
  • Internet Banking: websites interfaced with bank accounts and credit cards extension, which have definitely become a significant driver of e-commerce.
  • On-line Ticketing: any kind of ticket can be booked on-line.

There are several types of e-commerce:

  • Business to Business (B2B): traders, manufacturers, retailers and the like.
  • Business to Consumer (B2C): businesses sell to end-consumers.
  • Consumer to Consumer (C2C): any kind of on-line auction.

eCommerce growThe Internet has become really popular lately which increased the amount of electronic trade. According to the research made by agency Invesp.com, in 2011, sales in e-commerce in the world were 680.6 billion U.S. dollars. Some forecast agencies say, this amount will only increase, and by 2015 will reach up to 1.5 trillion USD. Sounds good, doesn’t it? So it’s your choice whether to deal with e-commerce or not.

But less theory more practice.