Post by heycrush5500 on Jan 16, 2024 23:55:39 GMT -5
Are you thinking about starting a business where you can sell your products online? If so, then you are going to join the millions of entrepreneurs who have carved out a niche for themselves in the world of e-commerce. At its core, e-commerce refers to the buying and selling of goods and/or services through electronic channels, such as the Internet. E-commerce was first introduced in the 1960s through electronic data interchange (EDI) on value-added networks (VANs). The medium grew with the increased availability of Internet access and the advent of popular online sellers in the 1990s and early 2000s. Amazon began operating as a book-shipping business from Jeff Bezos' garage in 1995.
EBay, which allows consumers to sell to each other online, introduced online auctions in 1995 and exploded with the 1997 Beanie Babies frenzy. Like any digital or consumer marketplace-based shopping technology, e-commerce has evolved over the years. As mobile devices became more popular, mobile commerce has Special Database become its own market. With the rise of sites such as Facebook and Pinterest, social media has become a major driver of e-commerce. As of 2014, Facebook accounted for 85 percent of social media originating sales on the e-commerce platform Shopify, per Paymill. The evolution of the market represents a great opportunity for companies to improve their relevance and expand their market in the online world. Researchers predict that e-commerce will make up 17 percent of U.S. retail sales in 2022, according to Digital Commerce 360.
U.S. spent about $460 billion online in 2017. These numbers will continue to rise as Mobile and Internet usage will expand both in the US and in developing markets around the world. Editor's Note: Looking for information on eCommerce solutions for your business? Please use the following questionnaire, and our supplier partners will contact you with the information you need: As with traditional commerce, there are four main categories of e-commerce: B2B, B2C, C2B and C2C. B2B (business to business) – This involves companies doing business with each other. An example is that manufacturers sell to distributors and wholesalers sell to retailers. B2C (business to consumer) – B2C consists of selling businesses to the public through shopping cart software, without the need for any human interaction.