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Definition

E-commerce is defined as the trading (buying and selling) of goods and services on the Internet. E-commerce depends on a lot of basic basics for conducting e-commerce. One of them is EDI or electronic data exchange that deals with orders, delivery, payment, delivery, etc. E-commerce relies on e-mail, fax and data mining techniques to collect data of all kinds related to markets, customers, etc.

Basic requirements

Market research and product research help a lot in helping ecommerce reach internet users. The need for a good ecommerce web store is connectivity, database capacity, a proven ecommerce platform with associated applications and extension. Internet security is very important.

Internet security, such as data encryption and secure server connections, plays a key role in promoting e-commerce customer trust. The Secure Sockets Layer (SSL) is built into advanced web search engines as e-commerce demand grows. Ecommerce can be B2B, B2C, C2C and C2B and so on. B2B is between business and business, while B2C is the retail part where business and customers meet. Most e-commerce activities are seen in the B2B category called Business to Business.

New trends

Today, e-commerce has evolved as a major challenge to conventional trading methods with the advent of many new technologies and techniques. There are various e-commerce platforms available today for hosting web stores. Magento, OS Commerce, etc. These are just some of the really popular platforms. The Magento e-commerce platform has gained immense popularity due to its flexibility and rich interface. Today, secure payment gateways are available to securely complete financial transactions.

The availability of layers of secure sockets and reliable encryption methods have made E-commerce reliable and seamless. E-commerce processes such as communication, process management, service management and transaction capabilities are now well-suited with the help of many applications and extensions.

Successful e-commerce is a complete integration of effective web design that results in easy and fast navigation, integrated search engine optimization, bringing in new customers, advanced marketing and product display applications, fast order management features, and of course, last but not least shipping and delivery. on time.

There are many e-commerce tools available today. This is in addition to the availability of various e-commerce platforms and many extensions. Shopping carts, payment gateways, account managers, and more are a key ecommerce tool.

Ease of use of the internet, easy accessibility of the internet, tremendous advances in internet technology and specific e-commerce platforms and software have led to the rapid growth of e-commerce.

As demand for online transactions grows rapidly and the synchronized growth of applications to facilitate online transactions, e-commerce is set to new dizzying heights of usage and popularity.

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by Pkp Iyer

 

 

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