Electronic commerce
Did you recognize that the worth of the e-commerce market is anticipated to succeed in $200 billion by 2026?
It is a really big number that will fuel your curiosity to know more about this field, which is growing in popularity and growing with each passing day.
We will talk about several things about e-commerce in this article, the definition of electronic commerce, types of e-commerce, areas of e-commerce, e-commerce sites, characteristics of e-commerce, the importance of e-commerce, e-commerce returns, e-commerce goals, and e-commerce solutions
What Is Electronic Commerce (Ecommerce)?
Electronic commerce or eCommerce is the process of buying and selling products or services.
And carry out money transfers and data transfers using an electronic medium (the Internet).
This process allows individuals and companies to conduct their business without any restrictions related to time or geographical barriers.
Types of e-commerce
Companies with Companies (B2B) :
Known as (B2B) Business to Business, it is an electronic commerce exchange between one company and another company; It depends on the marketing relations between the two companies.
such as that one company offers its products to the other company, and they exchange marketing and trade between them so that there are more opportunities between them in selling using e-commerce.
Businesses with Customers or Customers (B2C) :
It is known as (Business to Consumer (B2C), which is based on e-commerce between businesses and consumers and is compatible with the retail division of e-commerce.
These types of relationships can be one of the easiest and most profitable types, and this type is developing greatly due to the increase in the use of the Internet all over the world, and there are many types of consumer goods.
Customer with Customer (C2C):
The customer here sells his products or services to an organization that is precisely looking for these types of services and products, known by the term (C2B) and this type of e-commerce is very common in projects, young people work through it as freelance businesses and benefit from this type well.
Management with Business (B2A):
This type of e-commerce includes all transactions that take place on the Internet between companies and the public administration and is known as B2A Business to Administration, which is the field that has a large amount and a variety of services, such as (financial fields, social security, employment, documents, legal records) and many more.
areas of e-commerce
- field of computer science
- field of economics
- The field of information systems management
- field of robotics and statistics
- Journalism and content writers
- area of consumer behavior
- The field of human resource management
- field of business law
- In the field of press and advertising
- engineering field
- accounting field
Top Websites Ranking for eCommerce & Shopping in the world
I will mention the top ten sites, with a simple explanation of each site separately.
It is the number 1 website in the world of e-commerce
Today, it is one of the best electronic stores in the world, especially in the United States.
One of its most beautiful features is that it offers discount coupons on its products.
Here in the eBay store, there is a great feature, where you can add your store and sell your products with the help of the eBay store application, that is, not only shopping.
One of the best e-commerce sites in the world, it has a vast user base estimated at nearly 1 billion users. The headquarters of the store is located in China, and it is considered a branch of the parent company of the Alibaba Group.
The number of its visitors per month is about 120 million, it has many discounts, and also various free offers,
And the best feature is the ability to fast charge in the same day charge.
The site is secure, simple to use, and offers many payment gateways that facilitate the buying and trading process.
It is also considered the fifth-largest Internet company in the world in terms of revenue, and its popularity is very large in the Asian continent, as its main concern is wholesale.
The store displays its products in a simplified and concise manner, with customers’ feedback and comments, which is very good in terms of getting a better analysis of the product from the advantages and disadvantages, it is widely spread in India, it trades in clothes, mobile phones, computers, TVs, and many more.
Essential characteristics of a successful eCommerce platform
Or in other terms, the benefits of e-commerce and he calls it some of the advantages of e-commerce, an attractive element for any business looking for new areas to increase its remote income or a special retail project away from the traditional routine.
- Saving private expenses
It is self-evident and necessary when thinking about creating a retrospective photograph:
In the country of workers etc etc etc...
But when you create a website for yourself and your business, you will find that you have saved more than 75% of the money that you would have spent.
- Effective communication with clients
In electronic commerce, communication with customers is online, which means that we have skipped the idea of time and place, and therefore it has become easier to deal with customers or companies, whether regional or global.
- Diversity
This feature is one of the beautiful advantages offered by our trade, in a large and open market, we can say that you can sell or buy anything at any time and anywhere
- Saving time and effort
For example: if you want to complete a transaction in a country other than the country you live in, you do not have to travel anywhere, with one click you can buy anything you want.
- increase profits
As another name, e-commerce revenue, as I mentioned earlier, is increasing profits by increasing sales and increasing sales by promoting sales to the largest possible number of people, and that is done by displaying your products on e-commerce sites.
E-commerce solutions
- e-business solutions
E-business solutions support automated and integrated business and government processes that use information and communication technology.
These solutions include the electronic exchange of documents and data that are transmitted to and processed by disparate systems as part of the supply chain. It is essential to use widely available standards and tools to ensure data interoperability.
- Relevance to Trade Facilitation
The flow of goods across borders accompanies a flow of cross-border information to buy, ship, and pay. This information must be provided and consumed by many government agencies and commercial stakeholders.
The management of this information has long been based on paper transactions, while it has now largely turned to electronic systems due to the power of the Internet and the adoption of many organizations of automatic exchange of information.
Many companies now manage their global supply chain by using information and communication technology to purchase, exchange information about goods and transportation, track and monitor goods, and prepare trade documents and data.
and submit it before the goods are shipped and reach their destination. Governments rely in a way on automated processing of information because they are obligated to provide documents and trade data before goods are shipped and reach their destination.
E-business solutions are essential in integrating and automating trade procedures for exchanging data among the many stakeholders involved in trade facilitation. Therefore, the application of E-business solutions has also become an essential step in establishing single window facilities.
- the benefits
Automation for the exchange of documents and business data promises great practical benefits that are attested to by the documents. It eliminates redundancies and duplication of information, saving time and reducing costs in business transactions.
Research by the Faculty of Administrative Sciences at the Milan Technological Institute indicates that the more automation the supply chain is integrated, the greater the savings.
It amounts to over $60 per invoice, especially in cross-border trade that includes payments for transportation and transactions with many government authorities.
The Organization for Economic Cooperation and Development estimates that the integration and automation of business procedures lead to cost savings.
- Implementation considerations
The first step in implementing e-business solutions is the business process analysis.
Analysis helps in identifying existing processes and information flows, formulating requirements, and designing integrated and streamlined processes.
The next step is to move from paper documents to electronic documents by simplifying documents, harmonizing data, and standardizing data exchange. These steps include adopting existing standards and tools, to the extent available, or developing new standards.
The data contained in the data below, the data harmonization company, and the use of the message format are as follows
Data compatibility ensures that it is integrated coherently and consistently and that it can be transmitted without re-registration and communication errors. While the data is combined and contextualized, the registry requires that the transformed data be stored for comparison and later reuse.
This situation calls for the development of data models that provide a hierarchical framework for the data. These models use technical specifications, to create a consistent method for unifying storage methods and ensuring their reusability.
- Data alignment and standardization
The data contained in the data below, the data harmonization company, and the use of the message format are as follows
Data compatibility ensures that it is integrated coherently and consistently and that it can be transmitted without re-registration and communication errors.
While the data is combined and contextualized, the registry requires that the transformed data be stored for comparison and later reuse. This situation calls for the development of data models that provide a hierarchical framework for the data.
These models use technical specifications, to create a consistent method for unifying storage methods and ensuring their reusability.
- Organizing the exchange of information and obtaining information
Data harmonization and standardization, electronic data transmission, e-mail transmission, belonging to the data transmission company.
Should be the best price This is a simple database, or infrastructure, and includes a web-related form or theme.