It’s not difficult to describe how e commerce works. E commerce is simply the exchange of items and/or services electronically. When you buy something from eBay, Amazon.com or any online store, you’ve taken part in e commerce. If you’ve ever downloaded music from a site like Napster or iTunes, that’s e commerce, too. First, lets discuss the different kinds of e commerce to help you understand it better.
B2B: B2B or business-to-business e commerce is the oldest kind of e commerce. Back in the 1960s, banks and other services started sharing and moving files and info electronically. It was still restricted, since there was not one standard method of conducting this business, so not all organisations could successfully move with each other. When a dependable standard was established in the 80s, B2B e commerce really removed, due to the fact that they all used the same technique, and could exchange files a lot more quickly.
C2C: Consumer-to-consumer, or C2C e commerce is popular today. If you’ve ever bought something online from another person, instead of a business, either through an ad posting on a electronic publication board or an online auction, you’ve participated in consumer-to-consumer e commerce. By far, the most popular from of consumer-to-consumer e commerce is in the kind of online auctions, through the mammoth eBay auction site, where anybody can put goods online for sale to the greatest bidder.
P2P: P2P or peer-to-peer e commerce started with Napster, where users shared files for free. Now there are a number of similar sites and file-sharing programs and systems online.
B2C: We can’t describe how e commerce works without mentioning the substantial amount of e commerce that takes places from business-to-consumer. When anyone purchases anything, whether it’s a download of something electronic or any item that need to be delivered to the purchaser, at an online shop or site, that’s e commerce.
So to explain how e commerce works, it’s necessary to keep these things in mind. E commerce includes several of the following:
the exchange of info online
the exchange of money online
the exchange of goods or services online
To explain how e commerce operates in your favor, the ideas are just as basic. If you wish to purchase a book, for example, you can find numerous online book shops and compare the rates of that book to find the lowest one. You can examine the expense of shipping the book, and their shipping times, and figure out which shop can get it to you the quickest, for the lowest rate. All without needing to stand in line, fight crowds, or spend any loan for transportation or gas. So when you consider that you can contrast store in this manner for little products and large alike, it’s easy to see the benefits e commerce offers you.
Though we can explain how e commerce works in your favor, as soon as you’ve purchased a product in this manner, it’s easy to see the advantages yourself.