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Feachers of e - commers - 1 Ubiquitous in nature -The customer limit of a real business is limited to the city
where it is located, whereas the reach of an eCommerce business is global. Ecommerce encourages customers
to buy things from any corner of the world.Because of the ubiquitous nature of the eCommerce business, the
working hours and geographical boundaries of catering increases. People can connect to an eCommerce
business in the availability of the internet. 2 -Large customer reach-Ecommerce businesses have reached to the
customers living all around the world. Internet reaches national boundaries. Ecommerce provides
an opportunity to businessmen to cater to the customers seamlessly without being limited by cultural and national
boundaries.Ecommerce marketplace has the potential to reach millions of worldwide customers. 3- Universal
standard-One of the most essential features of an eCommerce business is the universal acceptability of the
website. An eCommerce website must work upon the universally accepted systems and methods. Maintaining
global standards helps the users of an eCommerce website to use the website efficiently.4 Interactive platform-
Another important feature of an eCommerce business is its interactivity. Interactivity means the two-way
communication between the users of the eCommerce website and businesses. Customers feel easy to purchase
from the websites where they can interact before, after, and even during the purchase.5Rich in content and
information-The richness of content and information means the content and information can be provided in the
form of audio, video, and images on the website.For example, a customer will be impressed more if there is a
video available on the website containing the information about the features of the products and information
about how to use it or a hyperlink to the blog post explaining the uses of the product.
The scope of ecommerce is expanding day by day due to the heavy number of internet users all
over the world. People are spending more time in doing online shopping for various products available
on the ecommerce platforms. Amazon offers items in almost every category to all the users.
Additionally, It also provides the best promotion and discounts whenever seasonal sales come.
The impact of e commerce is really good in all the developing countries.India has a huge population
and with increase in the internet users, the e-business expansion becomes easy. The scope of
ecommerce in India is really good for a long time online business with trending ecommerce
marketplaces. Many Sellers are joining the marketplaces like Amazon and Flipkart in order to get
more customers for their business. The traffic on these websites is in millions and Indian sellers are
seeing this as an opportunity to generate more revenue.1. Business Growth -Every business owner
wants to see growth in the business. It seems so easy when saying it, but it takes dedicated time and
effort to see the expansion. Product vendors and service providers can increase their revenue by
making a website of their own or else list the items on other e-commerce websites to reach the vast
audience. Nowadays, businesses have to operate offline and online. Online visibility of products can
generate sales as per listing optimization.2. Different Ecommerce Marketplaces -The Ecommerce
marketplaces like Amazon, Paytm, Snapdeal, Shopclues, Flipkart, etc. have their own policies to
operate in the market. By agreeing with their terms and conditions, Sellers can list the items in almost
every category they are interested in. Creating more listings in the inventory also makes it possible to
get good sales on the ecommerce platform 3. Offers and Discounts -Offers and discounts are also
one of the reasons for soar in scope of ecommerce industry. People look for huge discounts and
special promo codes when they want to shop online. 4. Fast Shipping -There are many shipping
service companies which deliver the items in a very short amount of time. However, sellers have to
pay high fees for it..5. Customer Service -Customer service is what it takes to last long in online
business. If proper service is provided to the customers then it will certainly boost the customer
satisfaction in the customers mind. As soon as the product is delivered to the customer, It is always
recommended to send the feedback and rating emails so that you can understand the user
experience and also make some changes in product improvement with feedback.6. Reach to More
Audience -The best advantage of having your own website or on the ecommerce website is that your
business is not limited to just a single place. The customers can visit your website through any part of
the world and purchase youritems or services. There are people all around the globe who regularly
shops online. Social media have played a huge role in expanding e-business7. Brand Exposure -
Brand building is an important aspect whether you are doing an offline business or online business.
Ecommerce marketplace like Amazon has a special advertising platform through which sellers can
advertise their brand not just only products. This will certainly help in brand exposure. If the seller has
done good branding on their products then It will definitely help in getting more customers coming
back again.9. B2C and B2B Offering -The scope of ecommerce has been extended to the next level
when dealing online. Sellers can offer both pricing b2b and b2b both when listing items on the e-
commerce website like Amazon. Business customers are able to see bulk pricing if they are on the
platform for bulk purchasing. In this way sellers can get both type of customers at the same
time. Some e-commerce marketplace are only designed for b2c type. Those marketplace does not
allow b2b deals on the items. The best marketplace for b2b business is Alibaba and Amazon.
However, Amazon is more concentrated towards b2c busi
of E-commerce
-ADVANTAGES OF E COMMERS - Faster Buying Process: E-commerce
has speed up the whole buying process for customers. They do not need to
visit physical outlets for shopping and can purchase products by just sitting at
their home. It saves huge times and performs faster transactions. Eliminates
Operating Cost: It has reduced the overall operating cost of businesses. E-
commerce has eliminated the need of opening physical outlets by the
business. For operating an outlet, there are huge expenses in terms of rent,
utilities, various bills, and staff salaries. It saves all these expenses and
operates all business activities through an online website.Personalize
Shopping Experience: E-commerce enables customers in enjoying
personalized shopping experience. Customers can search for a large variety
of products as per their choice and needs without any restrictions. Online
business shows products to customers according to their interest and their
location. Available 24×7: Online shopping facility is available at all the time
that is 24 hours a day and 7 days a week. This is one of the major advantages
of e-commerce that customers can access online products at any time. Unlike
physical outlets, there is no official opening and closing time here.Connects
far and wide: Online businesses are able to reach and connect to customers
at far distant places with no geographical limits. People can place their orders
from any place and get their orders delivered at their location. Detailed
Product Information: Peoples can acquire a full description in detail
regarding the products online. It gives full information so that customers can
make a comparison with other products easily and choose the best
one.Retargets the Customers: Online shopping has made it easy for a
business to retargets their customers. The electronic business acquires vast
information about their customers while they are doing their shopping online.
Customers can be contacted from time to time by sending them personalized
emails, messages, coupons and discounts offers.
Disadvantages of e commers
Lack of Personal Touch: Customers lack the facility of touching and feeling
products in case of online shopping. They are sometimes more satisfied by
purchasing at physical outlets by properly checking the product before buying.
No Guarantee about Product Quality: Customers cannot get ensured
regarding the quality of products available online. They may be cheated by
companies and receive faulty products.
Security Issues: Customers may lose their essential credentials while
shopping online. There are various hackers over the internet which may steal
customer’s data and may cause great loss to them.
Long Delivery Period: Another major disadvantage of online shopping is that
customers need to wait for longer time periods for getting their products
delivered. In the case of offline shopping, customers get on-spot delivery of
their products.Cannot try before Buying: Customers cannot take a trial of
products before purchasing when they are doing online shopping. They don’t
have a facility of negotiating the prices and cannot acquire better information
regarding usage and features of the product as in case of the physical outlet
where salesperson interacts directly.
DIFFERENT TYPE OF E- COMMERS - Generally speaking, when we think of e-
commerce, we think of an online commercial transaction between a supplier and a
client. However, and although this idea is right, we can be more specific and actually
divide e-commerce into six major types, all with different characteristics.
There are 6 basic types of e-commerce:
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