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E-commerce is an abbreviation of electronic commerce.
Buying goods and services online; It means selling.
Key Points
- E-commerce means online products, purchasing services; Selling.
- physical and digital goods; All services are part of E-commerce.
- More and more businesses around the world and in Myanmar are using E-commerce.
- direct form market model There are various forms of E-commerce, such as auction forms.
What is E-commerce?
Broadly speaking, any money transfer that is easily done over the Internet is E-commerce.
If one or more of the following are conducted online, this can be considered part of E-commerce.
- Placing an order or making a reservation
- Making payment
- Home delivery service
For example –
- Buying clothes or cars online.
- Online ordering of food for home delivery.
- Online booking for appointments at restaurants or salons.
- Car ticket Buying flight tickets online.
- Watching and listening to movies or musics.
- Purchasing in-game items.
- Subscription to online business software.
- Registration for online courses.
- Internet and mobile banking services.
In short, E-commerce means all businesses that do E-commerce.
E-commerce businesses can include:
- Online Startups – Businesses started by selling products or services online.
- E-commerce Service Providers – Businesses that help others conduct E-commerce through marketplaces.
What businesses use E-commerce?
Businesses around the world are becoming part of E-commerce one by one. Some of the biggest companies in the world, such as Amazon or Alibaba, which make millions of transactions a day, are also E-commerce businesses. On the other hand, buying online There are millions of small businesses that are trading.
Myanmar is also a big business. Both small businesses are making changes to online money transfers. For example, Facebook stores and Viber sellers are part of E-commerce. Some businesses start by selling outsourced rather than online and later sell through online. Other businesses start online and continue to operate online. There are also businesses that start selling online and then get it from outside.
What are the types of E-commerce?
Just like there are different types of businesses that can be run offline, there are also different types of businesses that can be done online.
Common business models are:
- Online market
- Reverse market
- Online bidding
- Drop-shipping
The E-commerce models mentioned above are business-to-business (B2B). Business to Consumer (B2C); It can be found in consumer to business (C2B) and consumer to consumer (C2C).
As more and more people use the Internet, business will gradually shift online.
E-commerce is changing the way we do business. As it provides opportunities for new businesses, it also forces existing businesses to adapt.