E-Commerce is also known as electronic Commerce as well as internet commerce. By using internet you can sell and buy goods and service over the network. You can do the transaction of money, funds and data and all of these service provided online over the internet network. There are four ways to do business transaction, they are business to business, business to customer, customer to customer and customer to business.
Benefits of e-commerce:
Low financial cost - one of the major benefits of e-commerce website is that it has lower start-up cost. You have to spend lot of money for setting up physical store but when it comes to online store there is no need to spend thousands of money.
Potential income – another most common advantage of e commence is that it’s always open for business, customers can make an order or do some business from anywhere at any time.
Sell internationally - This is another most significant factor that we can sell the products internationally at any time.
Rapid growth for business – you can scale your business quickly and also increase your ad budget when ads are performing well.
Need of e-commerce?
With the help of an e-commerce website where you can sell products and service to online customers, which help you to increase the conversion rate. We know very well e-commerce is online shopping, so if anyone wants to purchase anything from anywhere with the internet.
Why we need e-business because e-business helps minimum cost reduction, it is very cost-effective and receive orders and collect payment and deliver well at the extremely low price range. E-business keeps a bond with customer relationships, which helps in customer satisfaction and chooses their order products according to their terms.