An E-commerce website is referred to as a specific kind of website where transactions can be done online through the website. Over the past decades, business transactions over e-commerce websites had risen exponentially.
The rise of e-commerce platforms can be attributed to the widespread of the internet, faster connectivity around the world, the concept of the global village, etc.
In this article, we are going to discuss What is an ecommerce website, the importance of an e-commerce website for a business, types of e-commerce websites, things which are sold on this platform, and other e-commerce website-related things.
As had been discussed earlier, transactions of products can be done on e-commerce websites. Some successful e-commerce websites are Amazon, eBay, Walmart, etc.
What Is An Ecommerce Website | Definition & Explanation
When people needed to buy a product, they will go to a shopping mall or market to buy it. In a shopping mall, the consumer can choose his product from the varieties of items. But there are a lot of complexities rises while buying things from shopping malls. Likewise, someone lives in a village or in an area where these shopping malls or markets are out of his reach.
It will be very difficult for that person to physically go into the market and buy the product and even if he goes, it will be costlier for him.
Ecommerce had come with solutions to these problems. Anyone with an internet connection can buy and sell things from these e-commerce websites. From e-commerce websites, the person can buy his essential items with just a few clicks while sitting anywhere in the world.
The global pandemic of 2020 had forced everything to shut down, there was a big problem for many people who wants to buy their essential items without going outside. What Is An Ecommerce Website had offered the solution to buy products while sitting at home.
People can buy products from e-commerce websites just like the marketplace. As in a typical shopping mall, one can have many shops for an item, also in e-commerce stores; there were many choices available for an item. Shopping from an e-commerce store saves time and energy for the consumer.
Anything and everything is being sold and can be sold on an e-commerce platform. Be it a product of physical good or a digital product, one can buy it from e-commerce stores. Physical products like clothes, mobile, furniture are sold in an e-commerce store. Also, digital products like software, e-books, tutorials are being sold on e-commerce websites.
There are many different kinds of e-commerce websites. We will discuss some of the e-commerce websites today.
B 2 C E-Commerce
The most common type of e-commerce website is a business-to-consumer e-commerce website. Amazon, eBay, Walmart are some of the most famous business-to-consumer types of e-commerce websites today.
This is the most common type of e-commerce website. On these websites, the seller can enlist his product by giving a small fee or percentage from the sale of the product. The buyer could see those products by browsing the website. Digital products are also sold on this kind of website.
Another kind of e-commerce website is wholesale e-commerce websites. On these websites, a person had to buy things wholesale if he wants to buy from these websites. Alibaba is a worldwide famous wholesale website. Many people buy products from these wholesale websites and later sell them on large retailer websites like Amazon, eBay, etc.
Another kind of website is the online retailer website. The difference between an online retailer website and a buyer-to-consumer website is that in this online retailer website the owner of the website doesn’t need to give any commission or percentage to anyone for any kind of sale from this kind of website. Whereas in the business-to-consumer website the owner had to give a fee or percentage. The sale to the main website for displaying his product.
Online retailer website is very easy to create. Some professionals can develop and design a customer-friendly online retailer store for selling products. Another key difference of online retailer website with the business-to-consumer type of website is in the online retailer website. The website owner can design, layout, display the product of the website as he wishes; whereas in the business-to-consumer website, the seller had to go with the design which the business-to-consumer website offers to other sellers.
An affiliate website is another kind of website. The website which doesn’t sell any product of his own but gets a commission by selling products from other website or business can be called affiliate website. Generally, the commission rate of affiliate products is around 3%-10%. Affiliate websites can also be categorized in the e-commerce sector as it also generates money by selling the product of other websites. A typical affiliate website gives information about the product, its benefits, usage, advantages, and disadvantages. Many customers depend on the information given by the affiliate website before buying any product online.
What Is An Ecommerce Website & Importance of Ecommerce Website
Nowadays, an e-commerce website is an essential part of any business. Even many businesses which had physical stores for selling of their product in different places are now creating an e-commerce website for the sell of their product. E-commerce websites had made buying and selling a lot easier which was unimaginable a few years ago. Buying from e-commerce stores saves time and energy for the customer.
E-commerce stores also reduce the cost of operating a business. In a physical store, the owner had to give a rent fee every month. He had to allocate a separate budget for cleaning his store, electricity, and keeping employees. But in an online store, the owner doesn’t need any electricity fee or rent. The owner had to spend money once for creating a website and had to give a very small amount of fee to the hosting provider of the website. And, setting up an e-commerce store is easier than setting up physical retailing stores.
Another important feature of the e-commerce website is that it should be user-friendly. The user must be able to see different products on the e-commerce store easily. The payment and ordering system of the product should also be easier. In short, an e-commerce website should provide customer with different choices while at the same time ensuring that the customer can easily order and make payment of the products.
So, today we had discussed about What Is An Ecommerce Website in detail. One of the world’s richest man Jeff Bezos.He is the owner of the largest e-commerce platform named Amazon. So, e-commerce industry is the future for super shops and shopping malls where people can buy and sell things easily. Build your dream e-commerce store while ensuring the website is user-friendly.