What is E-Commerce Website and its types

What is an E-commerce website?

E-Commerce(Electronic Commerce) involves buying and selling of goods and services, or transferring funds or data, over an electronic network predominately known as the internet. There are majorly six types of business transactions on the internet : 

1. Business-to-Business(B2B)

2. Business-to-Consumer(B2C)

3. Consumer-to-Consumer(C2C)

4. Consumer-to-Business(C2B). 

5. Business-to-administration (B2A)

6. Consumer-to-administration (C2A)

E-tail is also a famous term used for transaction processes.

Since the last decade, the widespread use of e-commerce platforms increases because of evolution in the digital world which has contributed to fundamental growth in the online retail chain. In the year 2007, e-commerce sales were accounted for close to 5.0%; In 2019, e-commerce sales forecasted was up to 16.0%.

How does e-commerce work?

E-commerce is operated by the internet, where the customer has access to browse through the online store and then further buy or place an order for the products or services via their electronic devices.

As the order is placed, there is an interaction between the web browser used by the customer and the server at which the online store is hosted. Data here is very important to handle as data concerned to the order will be passed on to the central computer device which is also known as the order manager and then forwarded to the databases that handle the inventory levels, even to a merchant system that manages online payment transactions information like G-pay, Phonepe and Paytm. This makes sure that there are sufficient store inventory and customer funds for the order placed successfully. The order manager will provide the information and notify the store's web server after the order is validated, which will further display a notifying message to the customer that their order has been processed successfully. The order manager will then send details of order data to the warehouse, to fulfill the dispatch of the product or service placed by the customer.

Types of e-commerce and its description

1. Business-to-business(B2B)

B2B E-commerce refers to electronic exchange at the digital level of the products, information, or services between businesses. Example includes supply exchange websites, online directories, and products that set up transactions through e-procurement interfaces and allows businesses to search product, information, and services.

2. Business-to-consumer(B2C)

B2C E-commerce refers to the retail part of e-commerce on the internet and electronic devices. This E-commerce comes into consideration when businesses sell products, information, and services irectly to the consumers in the marketplace. This term became very popular during the late 1990s during the dot-com boom when the online sellers and retailers of goods were expanding gradually. Today there are countless virtual stores and malls on the internet selling all types of goods and services. An example is the most famous store Amazon, which rules the B2C market.

3. Consumer-to-consumer(C2C)

C2C E-commerce refers to the consumer's trade products, information, and services within them. These transactions are managed by a third party that provides online platforms on which transactions can be carried out. Examples of C2C e-commerce are classified advertisements and online auctions. eBay is one of the popular C2C platforms. eBay is a business operated in form of C2B2C - consumer-to-business-to-consumer.

4. Consumer-to-business(C2B)

C2B E-commerce refers to the consumer that creates their products, information, and services available online for companies to bid on it and purchase. It is the opposite of the traditional e-commerce model B2C. An example of a C2C platform in the market that sells good HD photographs, images, media, and design elements, is iStock and another example is a job board.

5. Business-to-administration(B2A)

B2A E-commerce refers to online transactions that take place between companies and government bodies or public administration. Many government branches are dependent on e-products or e-services in one way or another, especially when it comes to registration processes, legal documents, fiscals, employment, and social security. Businesses can supply these services and products electronically. B2A services have grown significantly in recent years as investments were made by the government.

6. Consumer-to-administration(C2A)

C2A E-commerce refers to online transactions that take place between individual consumers and government bodies or public administration. Government hardly buy services or products from a citizen, but individuals use electronic means in the areas of education, social security, taxes, and health.

UIPRO CORPORATION PVT. LTD. Is a company which provides its outstanding services in the field of E-commerce Development, here are the company’s details:

Company Address: 118/E, Boring Rd, Sri Krishna Puri, Patna, Bihar 800001

Company URL: https://www.uiprocorp.com

Email: info@uiprocorp.com

Phone: 0612 7966475