Important Facts That You Should Know About Business

E-commerce is also known as electronic commerce, online commerce, web commerce, ecom, EC,  eBusiness or eRetail. E-commerce refers to the process of buying, selling and marketing products and services, transferring  funds online, with the help of electronic systems, such as the Internet and other networks. Apart from buying and selling of products and services, the term also includes the process of developing, marketing, selling, making payments, delivering and servicing of the products. With the increased use of Internet, the amount of trade conducted electronically has also increased. E-commerce websites have become one of the fastest evolving sections of the Internet.

E-commerce that is carried out between businesses is known as B2B or business to business. Further, e-commerce that occurs between consumers and businesses is known as B2C or business to consumer. Amazon.com and eBay.com are the examples of online websites that conduct B2C e-commerce. These web stores offer a wide variety of products, including electronics devices, apparel, computers, books and music CDs. T Read full article

India’s e-commerce business is set to grow from US$30 billion in 2016 to US$100 billion in 2020 according to a recent estimate! A part of this success must be attributed to m-commerce or mobile shopping. Mobile e-commerce is complementing the online retail industry perfectly and India has become the second largest smartphone market after China. The country had a whopping 450 million internet users in 2016, so the potential can be easily recognized. The popularity of online sites like Flipkart, Snapdeal, MakeMyTrip.com, Jabong, Myntra etc have encouraged many to tap the e-com opportunity. Besides, this is also a great time for the online retail industry. An account on Instagram or Facebook may be all it requires you to start your very own e-commerce venture, thanks to the introduction of e-commerce tools on social media. A range of solutions like Soldsie, Beetailer, inSelly and many more are also available to set up your social media shop.