Online Shopping: All You Need to Know

Online Shopping: All You Need to Know

It is no secret that the Internet has been, and still is, a revolutionary trend that impacts all walks and fields of life. From education and social communication to entertainment and business, online affairs are becoming the everyday norm for the 21st century. Day to day activities are becoming easier to perform, including the fun, or not so fun ones. A time-consuming activity that is hated by men and often loved by women is shopping; clothes, appliances, business equipment, personal tools or whatever that may come to mind al fall under the burden/hobby of shopping. However, the online world would not leave any problem unsolved; hence is introduced online shopping and the e-Commerce industry. It is, in fact, one of the ever-growing fields across the Internet, thanks to the ease it offers and the effort it saves both involved parties, seller and buyer alike.

e-Commerce, of Electronic Commerce, is the activity of selling or buying products online through websites or mobile applications. Think about walking into a store that offers you endless choices of products from different manufacturers, countries of origin, and a detailed list of specifications for each now, imagine having access to all that is above mentioned without having to leave the luxury of your couch. In a nutshell, this is what e-Commerce is all about; not to forget that there is always more than meets the eye.

e-Commerce has come to include all sorts of online transactions, such as online banking, online purchase, Internet marketing, and supply chain management. Typically, e-Commerce can be divided into six major categories as follows:

1.      Business to Business (B2B)

It includes all electronic transactions and is conducted between companies, wholesalers, producers and retailers.

2.      Business to Consumer (B2C)

Which includes the retail market and sums p the relationship and interaction between businesses and end customers. In this case, products are accompanied by product descriptions and informative content that offers detailed specifications. A variety of products are available through virtual shopping sites and applications, including clothes, accessories, books, electronics, and home appliances.

3.      Consumer to Consumer (C2C)

This category includes interactions and transactions between two customers through an online platform that acts as a third party/

4.      Consumer to Business (C2B)

This category of e-Commerce allows individuals to showcase their products and services and sell then to companies through proposals.

5.      Business to Administration (B2A)

It is a type of transaction performed between companies and public administration, including legal documents and social security applications for example.

6.      Consumer to Administration (C2A)

This includes transactions between individuals and public administration, such as electronic tax filing.

e-Commerce has left a considerable mark on the market, offering both ease of access and usage to users of all ages and preferences alike and making shopping all the more interesting. Since the sudden acceptance and up rise in the industry, old-style shopping has become secondary to the online market. One of the advantages of e-Commerce in that area is that it offers a multitude of items and saves the buyer all the time and effort necessary for finding any desired product. All there is to do nowadays is to pick a trusted online market, surf their array of available items, and have the product of your choice delivered to your doorstep at competitive prices.

The global market offers both buyer and seller a transparent, fuss-free channel of communication that guarantees comfort, ease, and speed of purchase. Hence, the online market allows sellers to increase their productivity, transparency, and competition rates while giving the buyer the privilege of buying products with a higher quality at a lower price,  not to mention the never-ending choices put at the table.

 

References:

1.      https://www.kartrocket.com/blog/ecommerce-business-models-types-pros-cons/

2.      https://en.wikipedia.org/wiki/E-Commerce

3.      https://www.oberlo.com/ecommerce-wiki/ecommerce