Understanding E-Commerce

If you are planning to start your ecommerce website, contact the experts at info@mindztechnology.com or log on to http://www.mindztechnology.com

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eCommerce or E-Commerce refers to any type of business transactions that  is conducted electronically on the internet.  ECommerce allows customers to exchange goods and services using internet without obstruction of time and distance. Now more and more people have access to the internet, so many industries or businesses are using ecommerce platforms to reach customers.

Another popular term i.e. Digital commerce (D-commerce),  it is considered as a form of e-commerce dealing with exchange of goods electronically. Electronic commerce or digital commerce, made between companies is known as B2B i.e. Business-to-Business.  Digital eCommerce, carried off between companies and buyers is known as B2C or business-to-consumer.

Types of eCommerce

Following are the types of E-commerce

B2B (Business to Business): B2B is selling of products or services through internet between business firms. For example a  manufacturer selling products to distributors or wholesaler selling goods to retailer.

B2C (Business to Consumer)- It is the most common type of business. B2C model means Business selling goods and services to general customers. With the help of web these kind of business model have emerged greatly. Now on virtual stores it is really easy to chose, pay and get products.

C2C (Consumer to Consumer)– Consumer to consumer business model means business is conducted between consumers. For example, a consumer of a cycle re-selling his product to the consumer looking for a second hand cycle.

C2B (Consumer to Business) — Though a bit different from traditional model of selling, but in C2B model consumer Consumer offers goods and services to business and business pay to consumers. For example, photographers selling images to websites, hiring websites, and many more..

Advantages of e-Commerce

A few ecommerce advantages to Sellers:

24/7 availability to clients: Business can be available to the customers round the clock with the help of mobile application or ecommerce websites. It costs much less than having a physical store with all the staff and other utilities.

No Geographical Boundaries: with the help of an ecommerce website or mobile application your business can be accessed from any location.

Brand Awareness: if your business is online, more and more people can be reached.  You can reach your target audience with search engines and aware everyone about your brand

Decrease in Inventory Management cost: By using a web based management system, the suppliers can decrease the cost of inventory management. With an automated inventory management, operational cost also decreases.

Better Customer Service: With e-commerce system, selling products, payments or returns gets easier, which provides customers a better shopping experience and helps organizations to provide better customer service.

and many other advantages also

A few e-commerce advantages to Buyers:

24X7 Support: With ecommerce the biggest advantage to consumers is that they get 24X7 support for throughout the year. They can enquire about the products or services which makes buying decisions easier.

It Saves time and Money: with e-commerce, you don’t have to go to shopping or visit the store personally. You can access it from your mobile or computer. So it saves travelling time and money and provides a better shopping experience

Easy Comparisons: Now you can choose from multiple online stores, compare the price and get the best deal without any hassles.

Coupons and CashBack: on many ecommerce websites, shoppers get deals, bargains, discount coupons and cashback offers. Such offers not just increase sales but provides better shopping experience as well

these are a few, but there are many more other benefits also

If you are planning to start your ecommerce website, contact the experts at info@mindztechnology.com or log on to www.mindztechnology.com

Mindz Technology can Help you to Boost Your IT Network

Mindz Technology suggest you to give it a try and not miss that opportunity which is just few clicks away.

There is a huge rise in technology as it helps in the exploration of innovative paths into every area of business. In-fact, IT services have become need of every company, be it a small startup or a big company. Now a day, it is really important for every business to be well updated with all kinds of technologies.

The modern technology is developing at an exponential rate, now its not about just having a website. These days Mobile Application Development, Responsive Web Development, solutions like Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Human Resource Management Software (HRMS) are need of the hour.

For smaller firms having in-house IT team to complete their projects successfully can be extremely tough and for larger firms hiring professional for complete IT solutions can get out of bounds. Despite of, keeping up with the changing IT landscape is must.

How to make your Business more Sustainable?

Howard Schultz said, “Cutting prices or putting things on sale is not sustainable business strategy”. So how to make your business sustainable? The answer is by keeping your business updated with latest IT technologies and by acquainting.
Well managed IT solutions can take your business a long way forward and can benefit in the long run. If you want to boost your business, you should choose best IT solutions providing company.

Are you looking for IT Services & Solution?

Mindz Technology is your right IT services and management advisor. We are your one stop solution for all IT related queries. Mindz Technology provides IT support services round the globe with an expert team of 150+ experienced professional developers and designers in PHP, .Net, Web designers, Android App Devlopers, iPhone App Developers, eCommerce portal developers. We provide best in class service that suits your budget and customized as per requirement of your business.
We also specialize in development and implementation of business management software (integrated ERP, HRMS & CRM software) . Mindz Technology suggest you to give it a try and not miss that opportunity which is just few clicks away