What is E-Commerce and What are the Advantages and Disadvantages?

What is E-Commerce? We will know about it in this post today. If you have any questions related to E-Commerce, then you will surely get the answer to all your questions.

There were many important changes in the market and industry from time to time, and one of the important changes was to introduce the world to e-commerce. E-commerce came like a revolution and completely shook the industry sector. But is it e-commerce and what is its importance? Perhaps the same question has just come to your mind. But, don’t worry. In this article, I will give you all the information related to e-commerce one by one. So first of all we know what e-commerce is after all.

What is E-Commerce

Doing industry through the Internet is called E-Commerce or electronic commerce. In simple terms, providing your service, or service, on the virtual world of the Internet is called e-commerce. These services include buying and selling goods on the Internet, marketing, delivering goods to the address, paying bills online, banking online, etc. For example, you can take some of India’s most famous and famous companies like Flipkart, Paytm, etc. You must have noticed that some sellers sell their goods on these platforms. The same customer can easily buy goods as per his needs in a few minutes by visiting these websites. In addition to goods, many companies are now offering mobile phones and T.V. recharge.

Types of E-Commerce

E-Commerce (Electronic Commerce) can be divided into the following six categories.

1.Business to Business (B2B)

In this, one business or company contacts to get another business or company service instead of a customer. For example, you can take the directory website. In this, one company or industrialist contacts another online directory website so that he can register his name in that directory. It benefits both. The directory website owner gets his customer and another industrialist can promote his services through that website and deliver his service to as many customers as he can.

2. Business to Consumer (B2C)

In this type of industry, the industrialist sells his product or service directly to the customer through the Internet. Such a business is very much in vogue nowadays. Sellers on online stores like Amazon and Flipkart deliver their goods to customers and charge a fair price.

3. Consumer to Consumer (C2C)

In such a business, a consumer sells his salmon or service to another consumer through the Internet. Most of the goods sold are second hand or old. To understand this, you can take examples of platforms like OLX and Quickr. On these websites, a consumer sells his old and used products to another consumer at a working price.

4. Consumer to Business (C2B)

We take the help of some examples to understand this kind of business. You must have heard the name of Upwork.com. If not, I’ll tell you that this is a website on which you can easily hire workers to get any of your office or study work done. Workers take money from you according to their hard work and time. However, to hire workers, you need to make your work details an add that lets workers reach you. Similarly, to get an online insurance policy, you also have to put your needs on many websites that the appropriate agents see and deliver your services to you.

In the appropriate example, we saw that in such a business, you first have to add your needs to which the agents who provide services see and deliver their services to you. In simple language, it can be said that the consumer contacts the business owner so that he can avail of his services.

You must have heard the saying that “Every Coin Has Two Aspects”. Similarly, e-commerce also has some advantages and some disadvantages that we have explained in detail below.

Advantage of E-Commerce

Make Life Comfortable

Coming to the biggest advantage of e-commerce is that it increases this facility. One can easily order large items like TVs, fridges, and A.C in a few minutes sitting at home. E-commerce has proved to be a boon for people who are often busy. Now, as before, people can easily meet their needs without visiting the market every week. And now many websites also deliver vegetables and fruits. Within a few hours of placing the order, you can get vegetables and fruits while sitting at home.

A good Start-up Option

People interested in business can start-ups easily. Opening an online store is much easier than a physical store and can be easily handled. Funds also have to be employed and it is a good part-time or full-time job option.

Payments Can be Made Easily

One of the major advantages of e-commerce is that you can easily pay for any service when you benefit from it. You are given many options for payment. You can deduct the money from your bank account. If you order a product online, you can also make payments at the time of delivery. Now many websites also offer the option to make payments on EMI. In this, you have to pay all the money not at once but as interest at the scheduled time.

Compare Product or Price

If you buy a product online, you can compare its price and specification with another website and seller. This gives you the product at a reasonable price. You can also avail discounts on that product with the help of coupons.

Easy Return Policy

If you don’t like the delivered salmon or product or have a defect, you can easily replace or return it. All you need to do is go to the website and click on the return and with one click you can return or replace that product.

Disadvantages of E-Commerce

Defects in products

Friends, as you now know, E-Commerce (Electronic Commerce) is Virtual Commerce. Sometimes shopping online removes many salmon defensively or badly. If you take clothes from the market, you can physically touch and check them. You can also try it on yourself by going to the changing room. But this is not possible in the world of e-commerce. You cannot physically check the products. However, you can return or replace them when you exit the defender. But the whole process is prolonged.

Long time is taken to deliver the product

Sometimes the shipment of the product takes more time so that we don’t know how to get our product on time. This is the biggest flaw in e-commerce. The wedding dress is sometimes available after getting married. This causes inconvenience to the consumer.

Risk of Hacking

When buying a product online, you have to provide any personal details such as credit card details, your personal mobile number, and your address. Such information may lead to problems like data leakage if it is in the wrong hands. I would like to advise you to always do online shopping from a trusted website.

Some Features of E-Commerce

Access

The Internet is spread all over the country today and with the help of this, you can avail of online services anywhere and anytime.

Corruption Free

If you buy something from shops, sometimes you are overcharged and you can’t do anything knowingly. But no one charges you extra in the world of e-commerce. And even if this happens to you, you can easily report such a seller.

Details

When you buy a product online, you are given full details of the product. If you want to order a mobile phone, you are told in detail all its details like its processor, memory, etc. This allows you to buy the product according to its specialty, not according to the trend.

E-Commerce in India

The e-commerce sector in India is growing very fast. The revenue from e-commerce in 2017 was about US$39 billion and it is estimated that the amount will increase to US$120 billion by 2020. Coming to percentages, the industry is growing at 51 percent per year, much faster than the rest of the countries.

Scope of E-Commerce

E-Commerce (Electronic Commerce) does not mean just buying and selling online. It’s just like a common business that has different stages like Developing, Marketing, Selling, Delivering, Paying. There has been a significant increase in internet users, with nearly 300 million people now using the Internet, which makes India the third largest country in terms of internet users. Recently we and you are witnesses to people going to the market and ordering goods at home instead of buying goods. People are becoming comfortable. That’s why online shopping is going on among people instead of direct shopping.

India has seen a sharp rise in e-commerce (electronic commerce). Our country has witnessed the success stories of the online electronic stores. If you eat and talk, online sales have seen a huge increase in the fashion and electronic sectors. Electronic commerce has opened up a shell for new traders in the field.

Let us know what kind of scopes are there in this area.

  • The number of Internet users is increasing considerably due to the low cost of the internet.
  • Customers can be easily attracted by providing features like cash on delivery as well as 15-30 return.
  • There are still many parts of India where online delivery is not done to Pincode and such areas are mostly available, just as internet facility has reached these areas. So a very large number of customers can be increased by accessing these areas.
  • Another facility in this area can be an online service which is health related services. There are many in India where there are no medicine shops. If you go to these areas and provide good health care, it is very good growth.
  • I think it’s a great opportunity for those who start it as soon as online facilities and services are offered in these areas for less money as soon as they call online and offer an ambulance.

Summary

Friends, you know today What is E-Commerce and What its History and Advantages and Disadvantages are. Also, you know whether there are opportunities to move forward in this field or not. I mean, What is the Scope of E-Commerce. If you like this article, share it with your friends and family members so that they can also learn about e-commerce in detail.

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