E-commerce is a process of buying and selling things online. It can be an online store, a product displaying site maintained by a particular business firm under a specific brand name. Though the ordering and selling process happens online, there can be a physical store for product storage.
E-commerce also includes activities like payment gateways, online auctions, internet banking, online ticketing, and more. It is a device compatible, and you can make your purchase and order through computers, tablets, smartphones, and other intelligent devices.Why is E-commerce so Important?
Why is E-commerce such an important part of today’s world? Simply put, because the world is moving more and more into the digital realm every day. According to marketing research firm 21-40% of a business’s contributions are a direct result of e-Commerce and that number is expected to grow rapidly over the coming years. With the growing impact of the digital community affecting the way business is done, now is the time to start thinking about an E-commerce solution.
Change comes quickly in the online world, and companies that move quickly to assess the changes underway and adjust their business models to meet shifting market dynamics and customer demands can establish significant leads over both traditional competitors and new entrants.