What is an E-Commerce website?

 

What is an E-Commerce website?

 

In a Short way,E-Commerce websites are online portals that facilitate online transactions of goods and services through means of the transfer of information and funds over the Internet. In the early days, e-commerce was done partially through emails and phone calls. 



Types of E-Commerce websites

There are Different eCommerce websites that are labeled or referred to differently, based on the function they fulfill. We Discuss shortly:

  • Business-to-Business (B2B): Electronic transactions of goods and services between companies. For Example, A business sells SAS products to other businesses.
  • Business-to-Consumer (B2C): Electronic transactions of goods and services between companies and consumers. For Example: You buy a new t-shirt from an online store.
  • Consumer-to-Consumer (C2C): Electronic transactions of goods and services between consumers, mostly through a third party. For Example: You sell your old smartphone on eBay or Olx to another consumer.
  • Consumer-to-Business (C2B): Electronic transactions of goods and services where individuals offer products or services to companies. Example: A Social media influencer offers exposure to their online audience in exchange for a fee.
  • These are the main types of E-commerce.

 


How does eCommerce work?

eCommerce is nothing but a type of commerce. Its functioning style is quite similar to that of the physical retail industry. The only difference it has with a brick-and-mortar store is that here, the entire process takes place online.

The journey of an eCommerce firm begins with setting up an eCommerce website. It is usually done with plugins like WooCommerce. 

After that, the products are displayed along with necessary details like product descriptions and price tags. 

A CTA button like “Buy Now” is placed near the products for the convenience of the customers. If they feel like buying a product they can simply click on the button and make the payment.

Customers are usually asked to place their orders by filling up a form. There, they need to provide all the necessary details like the delivery address. There are different payment methods used in the eCommerce industry. 


Top ECommerce websites

These are some of the most popular examples of eCommerce websites across the world (in no particular order) –

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