E-Commerce Write For Us

What is E-Commerce?

And transferring money and data to complete those transactions. E-commerce is often used to refer to the sale of physical goods online, but it can also describe any business transaction facilitated by the Internet.

While e-commerce refers to all aspects of running an online business, e-commerce refers explicitly to transactions involving goods and services.

The history of e-commerce begins with the first online sale: on August 11, 1994, a man sold a Sting CD to a friend through his website NetMarket, an American trading platform. It is the first example of a consumer buying a product from a company over the World Wide Web, or “e-commerce,” as we commonly know it today.

Since then, e-commerce has changed to make it easier to discover and purchase products through online retailers and marketplaces. As a result, independent freelancers, small businesses, and large corporations benefit from e-commerce, allowing them to sell their goods and services on a scale that is impossible with traditional offline retail.

Global e-commerce retail sales are expected to reach $27 trillion by 2020.

Types of e-commerce models

Four main types of e-commerce models can describe almost any transaction between consumers and businesses.

Business to Consumer (B2C):

When a company sells a good or service to an individual consumer

Business to business (B2B):

When a company sells a good or service to another company

Consumer to Consumer (C2C):

When a consumer sells a good or service to another consumer

Consumer to Business (C2B):

When a consumer sells their products or services to a business or organization

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Why Write For Tech And Business News - E-Commerce Write for Us

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