Ecommerce has seen explosive growth in recent years What are

E-commerce has seen explosive growth in recent years. What are the most important reasons for this trend? Will it continue? Why or why not?

Solution

The buying and selling of products and services by businesses and consumers through an electronic medium, without using any paper documents. E-commerce is widely considered the buying and selling of products over the internet, but any transaction that is completed solely through electronic measures can be considered e-commerce.

E-commerce is subdivided into three categories:

1.business to business or B2B (Cisco)

2.business to consumer or B2C (Amazon) and

3.consumer to consumer or C2C (eBay).

Currently, there are several B2C and B2B companies that will positively affect international trade and the environment. Some of these companies offer exciting and innovative approaches of using e-commerce to advance environmentally-friendly business practices.

The world of E-commerce is constantly evolving as it continues to grow. Succeeding today isn’t enough, you need to stay on top of trends at the leading edge to help ensure your E-commerce strategy is ready to adapt. Here are the most important reasons for this major trends underway in the E-commerce world today as Follows :

NEW ECONOMY:

Internet has created a new economy, which by its explosive growth and sheer size already changed our perception of traditional way of doing business. Companies like Amazon and Ebay have successfully created domination on areas, where just few years ago traditional brick-and-mortar companies were kings.

It’s a Mobile World:

early half of all online sales now come from mobile channels. With mobile commerce continuing to grow at an impressive rate, and mobile payment technologies.poised to spur even more explosive growth, your eCommerce strategy simply must be adaptable to the mobile world.

Shipping is Faster & Cheaper:

Many consumers increasingly expect both cheap and fast shipping from any online business. Developing an eCommerce pricing strategy that balances a low purchase price with a great shipping value can help win customer loyalty.

Location-Based Technology:

location-based technology enables retailers to see which products customers are browsing in stores. If sales figures are not matching up with browsing trends, you can send targeted eCommerce offers to those customers to help close that sale

ABILITY TO DO BUSINESS 24 HOURS:

How else you can continue making sales, while your stuffs are sleeping! The biggest advantages of online shops are that they are open 24 hours a day year round.

LOW START UP COSTS:

Building a web site does not require big investments. There are many low cost tools available today, which can help you create sites from very scratch. Many business portals allow you to build web sites from templates.

  E-commerce as a method of achieving \"green\"-friendly trade that strengthens principles such as sustainable development and increases practices such as debt for nature exchanges.Because of above mentioned reasons this E-commerce is Continued until it provides more features,customer satisfaction and good quality products.