What is e-commerce – if there is a business model in the world that is the most profitable? So it’s e-commerce. What we will discuss in detail in this post today. You must have heard the word “e-commerce” and most of you living in the city will shop online, especially on many e-commerce websites like Amazon.in, Flipkart, Myntra and Jabong etc. Most of us know how to shop online through the e-commerce website. But what is e-commerce, how does it work and can we make money by contacting the company? Then we know everything about this post today.
If we see not only India, but worldwide, which business is very profitable, e-commerce companies will put you on the top list. Now you should have heard of Alibaba, Amazon, Flipkart and Ebay etc. and you also need to know how big all of these companies are so that they all do e-commerce.
When I see the greatest benefit of the e-commerce industry, I think how can you and ordinary people like us make a lot of money if you join this business? I will tell you further in this post.
In this very special post, I will give you complete information about e-commerce today.
What is e-commerce?
The name itself is the cleaning of e-commerce, which we also call e-business. This means that the business or the way we work online is called e-commerce. Understand in simple terms: If a product is manufactured on the Internet, it is e-commerce. You should have seen that many online platforms like Amazon, Flipkart, Paytm etc. deliver their products or services online to their customers.
For example: If the customer has to buy a cloth or an electronically related item, he goes online, searches for all of these things and finds links to all of these e-commerce websites in the search engine. From where the customer orders his product and the company delivers the product to the specified location.
In addition, many sellers are also involved in listing the e-commerce business and sell and manufacture their products on these online platforms And now you can not only buy the product online, but also upload the subway, electricity bill, groceries or transportation, but book it online now. So these are examples of e-commerce or e-business. However, some e-commerce companies like Indiamart and Alibaba are also B2B companies. This means that the products made on these online websites are not bought by a customer, but only for business people who want to use their business.
Around 650 million people shop online in India today. India is expected to generate $ 120 billion in revenue by 2020. As a result, India will become the fastest developing country in e-commerce. For this reason, all major e-commerce companies in the world such as Amazon, Alibaba and Walmart come to India and expand their business.
History of e-commerce
When we talk about how the e-commerce industry started – 1969: CompuServe, the first e-commerce company, is run by Dr. John R. Goltz and Jeffrey Wilkins founded via a PR link. 1979: Electronic shopping begins this year when Michael Aldrick connects a computer to a custom TV by connecting it to a phone. Basically, this was done so that data can reach people safely.
1995: This year has been very golden for the rise of the e-commerce industry in the world since Amazon and E-Bay launched this year, which is now the top e-commerce business. Amazon was started by Jeff Bezos, while E-Bay was launched by Pierre Omidyar and the reason why they both started this e-commerce was because they both realized that the time to come is computer and internet. And people adapt very quickly, and why not? If information you need or want to say is found in your place at any time, why would anyone want to? .
1998: This year was also a big one in terms of e-commerce, because previously people who bought goods online had to pay by check or cash. This year, however, PayPal was introduced so that you can now also pay online. Could have 2000: This year, Google launched its own new product, Google Adwords, with the help of the company, with which the product can be easily advertised. Therefore, e-commerce started to spread faster. In this way, the e-commerce business has developed rapidly with the worldwide spread of the Internet, and today E-Comm
What types of e-commerce companies are there?
So far in this post, we have learned what e-commerce is and what the history of e-commerce is. Now we will know what types of e-commerce companies there are. When we talk about the e-commerce companies, we will see three main types –
1.- B2C (Business to Consumer)
What happens in this business is that there is a business class that sells the product to consumers like you and us through an online website.
- B2B (Business to Business)
In this type of business, one business class sells its product to another business class. If we look at the example of this business in terms of online e-commerce, you have a very online image stock business. Must have seen websites like Shutterstock and ImageBazar, all of which run some kind of B2B business.
3.- C2B (Consumer to Business)
In this type of business, people like you and we can sell each of your products through third parties. If I can give you an example of this in the e-commerce industry, then be it so. Since many marketplaces are e-commerce websites, this means that those who do not have their own product, but place small basement products like you and us on their website and when our products are sold through their website, we give our money by holding a commission and say that all the major e-commerce websites are there today and working on the same business model.
How e-commerce companies work
We all know about e-commerce that we order clothes, mobile items or other goods through an online website and that after a while we reach our home. Whether we have to fill out cell phone, electricity, gas bill online or railroad line online, flight ticket online.
But how all these e-commerce companies work, very few or the same people know about this business. Now you also need to think about how we can benefit from it when we know how this e-commerce business works. You can only benefit from it because e-commerce is a business in which your investment is not a lot, but a lot of profit.
It is therefore very important that you know how the process works. If you know how to work in e-commerce, you can also think about creating your own online website or online shop. Now I will explain to you at some point how e-commerce companies work.
# 1- Order received
This is the first step when a user or customer comes to your online platform, i.e. your website, via search engines such as Google, Facebook or a mobile app. If someone likes your product, they order it from you. Many people know because you have to shop online too often.
# 2- Process order information
What happens now is that when a user orders a product on an ecommerce website, most ecommerce companies are a marketplace, meaning they don’t have their own product, but there are some other sellers. There are those who sell their products on all of these websites. Therefore, he orders the product every time a user visits these websites. Your first task is to first inform the seller of the product so that he can have his product ready.
After you have given the user or customer the complete information about the product, the product is now ready for dispatch.
# 3- Sent
The last step in e-commerce is shipping, which means that the product that the user orders can be delivered to the address where logistics play a very important role at the right time. Advantages and disadvantages of the e-commerce business Although the e-commerce business is a disadvantage, I don’t think so, but yes, there are definitely some challenges that need to be addressed in this sector.
So let’s talk about the benefits of e-commerce first – benefits
1- The first thing I think is beneficial for e-commerce is that you can show your product anytime, anytime. Because the Internet is used all over the world, people can see your website there.
2- Even if you have slept 2 hours a night, you can make money from your website as anyone in the world can order your product at this time.
3- In the e-commerce industry, customers can easily see the photos of many products by visiting your website and then ordering what they want.
4- When you create an e-commerce website and live a product related to your category, you have many options online that you can use to target your product. Search the Web. You can run paid advertising (PPC) on Google or run an advertising campaign on Facebook.
How e-commerce started
Although the e-commerce business in India started in 2000 when online ticket bookings began with the train and the online ticket booking function started, online products are actually being bought. It started in India.
When the Flipkart e-commerce website was launched for the first time in India and afterwards more people saw that Filipart was profitable, many e-commerce websites like Snapdeal, Mintra Jabong etc. started in India.
This was a challenge for many e-commerce companies in India in 2015-16, when many companies were closed or had to merge with some large e-commerce companies. The main reason for this was the lack of funds.
But now, in 2019, the e-commerce business in India continues and there is a lot of potential for future growth.
How can we make money with e-commerce companies?
However, with the advent of e-commerce, employment opportunities have exploded. E-commerce business people not only give experts the opportunity to work on a very good salary package in various positions, they also offer freshmen the full opportunity.
Click here to learn how to easily create your own eCommerce website.
That being said, people like you and us can make a lot of money from eCommerce businesses through affiliate marketing and online sales.