E-Commerce is a vital evolutionary phase in the business field. “Electronic Commerce is nothing but the buying and selling of goods and services through electronic systems such as the Internet and other computer networks”. In E-commerce internet play a vital role by using the modern technology. Most commonly used applications in present world such as E-mail, Online shopping and banking, domestic and international payment systems, teleconferencing, electronic tickets etc. makes the people work easy and probe them to use the technology at maximum level in the changing modern world.
Electronic commerce is conducted between business to business and between businesses and consumers. Electronic commerce is generally considered to be the sales aspect of E-business.
It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions.
E-commerce marketing, internet marketing:
E-commerce marketing can be done through internet by using website which is the most powerful marketing tools for the business. Internet marketing is online web site development and its further promotion. Now-a-days Internet marketing is the best way to succeed in the online business.E-Commerce marketing along with the advertising systems makes the business to reach at optimum level.E-commerce makes the marketing easy, faster, efficient and maximum accurate.
E-commerce, Web designing and development:
Trading on the Internet, credit card payment, and virtual shopping carts are being used by today’s generation points to a new direction in commerce (ecommerce). The ever-increasing ecommerce solutions are serving businesses worldwide at an extreme extent. Businesses, to compete in today’s market, need a dynamic web designing and development.
Ecommerce advertising allows you to place advert for other companies and services in the site by way of banners or, perhaps text adverts which makes your site most popular, increase the business and maximize the profits.
E-commerce play vital role in faster economic growth by using the modern technology. It provides larger employment. It improves the technological stands of the people lives by using the contemporary methods of technology in the fast growing world.
Even though ecommerce provide the advanced modern technological facilities, there is another dimension to its usage i.e. it is using in fraudulent manner.Even though there are some policies and laws to protect the same, we have to improve the laws to minimize the defects and frauds to use the ecommerce at utmost extent to improve the business in order to achieve the faster economic growth.