A Leading Web, eCommerce and App Development Company !
Before we understand ecommerce, let's understand what is commerce. Commerce is nothing but buying and selling of goods. It has been around for many years. Starting from the barter system, where there was just exchange of goods to using precious metals to coins and then paper money and plastic money, traditional commerce used to happen face to face, so it was limited to particular geographical locations. There was a personal interaction and delivery of goods was instantaneous. It was limited to certain business hours, typically during daytime.
With the advent of the Internet came ecommerce. Ecommerce can be defined as the process of buying and selling of goods or services using an electronic medium such as Amazon, Flipkart, OLX etc. Here the sale happens online so you can potentially sail across the world. There is limited personal interaction and delivery of goods and services might take some time. It is available 24/7 and can be done day or night.
It requires an initial setup cost for hardware software and then training and maintenance cost. Sometimes there are problems with order fulfilment or returns. Security is also a key concern. There are different types of security risks that you might face and need to overcome. Some common issues are identity theft, malware attack and denial of service.
Here is a summary of the difference between traditional commerce and ecommerce which is popular today. Ecommerce is also extended to mobile and social media networks. When we say mobile commerce today you are able to do any transactions from your smartphone or tablet like mobile banking, bill payments, ticket booking etcetera. In addition, there is the rise of social commerce, which is the use of social media sites like Facebook, WhatsApp to promote and sell products and services.
There are multiple ways by which you can make payments online. You can use credit or debit cards like cards issued by MasterCard and Visa. You can use prepaid cards like gift cards. You can also do net banking where if you are enrolled in Internet banking you can choose your bank. And do direct bank transfer through NEFT and IMPS. You can also use the wallet, which is like a prepaid card or it is linked to your bank account, which you can use for online transactions.
Mobile payments using UPI are becoming common like Google Pay. Upcoming trends include digital currency like Bitcoin or Ethereum. The advantage of ecommerce is that it is available 24/7 and provides a global reach. Sellers and buyers can virtually meet anytime, anywhere. There is no need for any intermediaries and it provides the user with more options to compare and select cheaper and better options. It significantly reduces paperwork and lowers the transaction cost.
There are four major ecommerce business models. First, a business sells its products directly to a customer. A customer can view the product shown on the website and order. Next is the B2B model. Here the business sells its products to an intermediate buyer, who then sells the product to the final customer. For example, a company might sell its product to a wholesaler who will sell it to multiple retailers at some price mark-up. Next a consumer sale of any of their assets like property, cars, motorcycle etc. by publishing the information on a website where interested consumers can view and do the purchase. Example, buying and selling on OLX, Quickr or Craigslist. Then comes the consumer to business model. In this model, consumers have products or services of value that can be consumed by business. For example, social media influencers being paid by businesses to advertise their products.
Ecommerce follows a typical trade cycle or flow. Fast is pre-sales. It consists of 2 steps. First customer searches different websites for products to be purchased. The next step is negotiation. It is selecting a supplier who offers good quality product at write price and whose terms such as delivery dates etc. are agreeable to customers. Next step is execution. First it consists of an order phase where the customer places an order for the selected product. At this phase he might do the payment upfront or he might do the payment after the delivery. In the delivery phase, the supplier processes the order and then the customer receives the delivery of the product then comes settlement.
$225.00
$450.00
$225.00
$450.00
$225.00
$450.00
$225.00
$450.00
$225.00
$450.00
$225.00
$450.00
$225.00
$450.00
$225.00
$450.00
Category: Grocery Shop
Ready Grocery Store is a leading web and mobile platform that not only helps you launch your very own professional eCommerce portal in minutes but also helps bring several features such as multiple ve...
Category: Lingerie Shop
iTech Lingerie Shop Script is a ready-made solution that helps you to start your own fashion eCommerce website for garments, suitable for clothes shopping and fashion websites. It's a fully functional...
Category: Lingerie Shop
Ready Lingerie Store is an out of the box shopping solution for starting your own fashion website. This is a tailor made solution designed to meet requirements of the fashion industry. We welcome you ...
Category: Apparel Shop
Ready Apparel Store is a revolutionary solution for starting your own fashion shopping websites. It is a versatile eCommerce solution that makes it possible to seamlessly manage an online clothing sto...
Category: Furniture Shop
Ready Furniture Store is an enterprise grade e-commerce solution and mobile app ideal for managing multiple vendors, multiple currencies and multiple languages under one platform. The script is highly...
Category: Office Shop
Ready Office Store is more than a basic shopping cart. This is actually a robust e-commerce platform ideal for managing multiple vendors, multiple currencies, and multiple languages under one platform...
Category: Apparel Shop
iTech Apparel Shop Script is a turnkey solution that helps you to launch your own shopping website suitable for clothes shopping and fashion websites. It's a fully functional shopping cart that gives ...
Category: Cosmetics Shop
iTech Cosmetics Shop Script is a turnkey solution that helps you to launch your own shopping website suitable for beauty and cosmetic products. It's a fully functional shopping cart that gives you the...
Category: Jewellery Shop
iTech Jewellery Shop Script is a turn-key a turnkey shopping cart solution that helps you to launch your own jewellery selling website. It's a fully functional shopping cart that gives you the ability...
Category: Office Shop
iTech Office Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customizable...
Category: Kitchen Shop
iTech Kitchen Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customizabl...
Category: Jewellery Shop
Ready Jewellery Store is a ready-to-go feature enriched PHP solution that helps you start your own online jewelry business. You can now setup a full-flagged store within budget without spending a fort...
Category: Pet Shop
Ready Pet Store is by far the most popular e-commerce website and mobile application dedicated to the pet industry. It comes packaged with tons of exciting features like multiple vendors, multiple cur...
Category: Toy Shop
Ready Toy Store is an exquisite website solution developed in the latest web technology. This specializes in concept and product development with a focus on the toy industry. With several cutting-edge...
Category: Electronics Shop
iTech Electronics Shop Script is a popular solution that helps you to start your own consumer electronics shopping website. It's a fully functional website and shopping cart that gives you the ability...
Category: Kids Shop
Ready Kids Store is a ready e-commerce solution and mobile app. This helps you manage multiple vendors, multiple currencies and multiple languages easily on the go. The script is highly customizable w...
Category: Music Shop
Ready Music Store is a one-of-its-kind software platform developed in PHP. It has been coded from scratch to satisfy the needs of the musical instrument sellers. This is a complete turnkey solution wi...
Category: Grocery Shop
iTech Grocery Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multilingual all under one platform. The script is highly customizable wher...
Category: Leather Shop
iTech Leather Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customizabl...
Category: Furniture Shop
iTech Furniture Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customiza...
Category: Electronics Shop
Ready Electronics Store is undoubtedly the best in class and the most affordable solution for starting your own consumer electronics selling website. Your search for the best solution at the lowest c...
Category: Sanitary Shop
Ready Sanitary Store is a turnkey website solution for Bathroom Fittings. An attractive and responsive website is the key to customer satisfaction, retention and higher sales growth. It can be customi...
Category: Kids Shop
iTech Kids Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customizable w...
Category: Pet Shop
iTech Pet Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customizable wh...
Category: Sports Shop
iTech Sports Shop Script is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customizable...
Category: Sticker Shop
iTech Sticker Shop is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multilingual all under one platform. The script is highly customizable where you c...
Category: Cosmetics Shop
Ready Cosmetics Store is a turnkey solution that helps you to launch your own shopping website suitable for beauty and cosmetic products. It's a fully functional shopping cart that gives you the abili...
Category: Leather Shop
Ready Leather Store is a popular eCommerce website and mobile apps to handle multiple vendors, multiple currencies and multiple languages all under one platform. The script is highly customizable wher...
Category: Kitchen Shop
Ready Kitchen Store is one of our bestseller solutions. It supports multiple vendors, multiple currencies and multiple languages all under one platform. You can change the logo, banner, categories, co...
Category: Sports Shop
Ready Sports Store is a bestseller e-commerce solution exclusively designed to satisfy the needs of the sports industry. It supports multiple vendors, multiple currencies and most importantly multiple...
