E-commerce is the process of selling and buying products and services on the internet. The interface software could be a mobile app or a browser and the platform could be a mobile device or desktop respectively.
E-commerce and M-commerce are not much different from each other as both use the internet as a mode of communication, the only difference is that one uses desktop and other uses mobile for taking instructions.
Almost everything can be sold on the internet today. The ‘what’ and ‘how’ part of selling and buying is both bound and unleashed by one’s imagination.
Some popular e-commerce sites include Flipkart, Amazon, Paytm and Alibaba.
Products sold via e-commerce are varied, like online selling of transportation services (rail, bus, air tickets…), online booking of taxi services (Uber, Ola…), selling of hospitality services (hotel room booking or apartment rental) and selling of pharmaceutical products.
So e-commerce sites were developed and sellers listed their product range online for sale and accepted orders from there. They then simply shipped the goods to the buyer’s location which could be a local or an offshore address.
ORIGIN OF E-COMMERCE
As the internet started to gain a foothold globally in the free domain, people started to explore the various ways to integrate it into their daily life so as to make it easier.
For example, an exporter who had to pay regular visits to his or her offshore clients wanted to save on travelling costs, so they wished to use the internet to make business proposals to his local and offshore customers in the comfort of their office and then take orders on the same interface and enable the buyer to check the order status on the same website. All online.
So e-commerce sites were developed where the seller listed their product range online for sale and accepted orders from there and then shipped them to the buyer’s location which could be a local or an offshore address.
GLOBAL REVENUE EXPECTATIONS FROM E-COMMERCE
In 2012, global e-commerce sales reached an all-time high of USD 1 Trillion since its inception. E-commerce has become a critical tool for running businesses, be it a startup or a large or small business. Economists expect the revenue estimates from e-commerce to see a growth of 56% in 2015-2020.
EMPLOYMENT GENERATION FOR VARIOUS INDUSTRIES
To make E-commerce a reality involves a lot of professionals:
IT industry has benefited in a large way from e-commerce, as they are its backbone: people who design, develop, run and maintain e-commerce websites and mobile apps. With the growth in e-commerce, more and more IT professionals are needed to meet the ever-increasing demand of the e-commerce sector.
The shipping industry is the second largest beneficiary of the growth in e-commerce, as they are the people who make it possible that a product produced in one part of the world is shipped offshore. They do a mission-critical job. For example, Amazon: Whenever an order is placed online, the seller, the buyer and the shipping company all receive a notification message regarding the shipping details simultaneously. The shipping company agent picks up the shipment from the seller and then puts it forward in the supply chain towards the buyer’s location, where another local shipping picks it up and delivers to the buyer’s address.
Finally, the banking industry plays a crucial role in making each e-commerce transaction a success. Financial information is something that is private to each and every individual and people always feel insecure when they are asked to share it, as it is their hard earned money involved. So the banking industry has to undertake necessary changes periodically to make people feel comfortable with sharing their financial information whenever they are online on any e-commerce website. As the e-commerce expands its base, so will the need of banking personnel whether the transactions are online or offline.
Side effects of e-commerce lie in its working concept. The need to share personal and financial information with a third party online. With a surge in users with internet access globally, there has been an exponential increase in websites that are launched with the sole purpose of identity theft and financial frauds.
In some cases, e-commerce websites are even used by anti-social elements to sell prohibited products and services in violation of both local and global rules and regulations.
CONTRIBUTION OF AAFILOGIC INFOTECH TO GLOBAL E-COMMERCE INDUSTRY
In order to tackle the security issues on e-commerce websites related to the theft of financial information, Aafilogic Infotech, Mobile App development company in India, makes it a point to integrate state of the art 256-bit secure payment gateways in their e-commerce projects.
We use open-source technologies that have a robust backbone so that our websites don’t crash due to heavy load in rush-hour especially on weekends.
Some of the features we provide in our e-commerce projects include 100% customizable websites with 3rd party integration ability, SEO and social media friendly websites, a facility to have a dedicated server or subscribe to third-party server services, admin panels for sellers to be informed about sales, flexible websites to set unique commission, shipping and seller subscription rates and exclusive profile pages for sellers with custom URLs for stores.
We are one of the leading E-commerce website designing and development companies in Delhi, India. We take a unique approach to understand your business by offering a personalized service, intuitive design and guaranteed customer satisfaction.
You may be interested in reviewing a complete Aafilogics complete portfolio.
To get the best Quote for E-commerce Website Development you can visit our Web page https://www.aafilogicinfotech.com/