Ecommerce that Everyone Should Know |Advantages of e commerce

What is Ecommerce

Hello friends, Nowadays Ecommerce is a booming factor in all developing nations and  it’s already boomed in all developed nations. I hope that everyone heard the ecommerce word. But simply e commerce meaning (or electric commerce) is refers to the buying and selling of goods and services via electronic channels, primarily the Internet.  Here in this post we are going to discuss about the factors of e commerce, basics of e commerce trends, e-commerce payment systems, ecommerce products and types of ecommerce delivery. Assure that you just stay here and read the following information you will get a clear picture about the ecommerce process.

ecommerce

ecommerce process-flow

The main factors, Advantages of e commerce

From Organization point of view every Organization has to maintain certain factors to attract customer either New or existing customer. The main factors of e commerce

  • Quality
  • Innovation
  • Cost
  • Price
  • Distribution
  • Efficiency
  • Responsiveness

The main thing Organization is that it has to maintain above factors to gets the customer satisfaction,then only reputation happens.

The Advantages of e commerce

  • It is decidedly convenient due to its 24 X 7 availability,
  • Faster buying/selling procedure, as well as easy to find products,
  • More reach to customers, there is no theoretical geographic limitations,
  • Low operational costs and better quality of services.

Above all  are the  Advantages of E commerce.

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What are the major roles

Customer : Who place an order for specific product. We can call as Service seeker .

Types of customers

  • New Customers and Return or Existing customers.

Seller : Who prepare/procure the product.

Vendor : Who Collect the product from seller and delivers the product to the Customer. Here time frame plays crucial role. We can call these as Delivery services.

Some times both Seller and Vendor is same.

ecommerce website : Its Online portal provides accurate services to the customers.

See below Flip kart process flow diagram you can easily understands how Interaction happens in E commerce.

ecommerce Overall Supply Chain

 

E-commerce payment Systems

Payment : I hope we all know the definition of payment, but simply payment is The action or process of paying someone or something or of being paid.

Most of the e commerce websites allows two types of payment modes

Online : Customer can place an order with the online Payment modes like

  • Debit card
  • Credit card
  • Net banking
  • E-Gift Voucher.

Offline : Customer can place an order with the Offline Payment modes like Cash On Delivery and Cash Before Delivery.

ecommerce Payment types

After analysing about mode of payments now we have to know about the paymentgateway process in e-commerce.

Ecommerce payment gateway : Payment Gateway is a process of transfering money from customer account to merchant account and vice versa with valid verification. Payment gateway enables internet merchants to accept online payments via credit card and e-check.

 

ecommerce Payment Gateway

E commerce websites, popular

The most popular e commerce websites  are

  • Amazon
  • Flipkart
  • Snapdeal
  • Indian Gifts portal

What are the products we can purchase in Ecommerce Website

All e commerce website offers two types of products.

1.Perishable  :

Perishable : Simple definition for perishable  is that the products which having chances to spoil with in hours.

Perishable  Example are –  Cakes , Flowers etc.

2. Non perishable

Non Perishable : Simple definition of non perishable products is that Non perishable  are “shelf-stable” items that do not spoil or decay.

Non Perishable Examples are – Electronic Gadgets like mobiles,devices etc..

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Ecommerce delivery options

Delivery process is different for different e commerce websites or Online portals. online portals maintains specific Turn Around Time for different products based on their service availability. It may be take one day delivery, two day delivery or 1 week delivery. Nowadays Day by day deliver process also very fast.

Some Online Portals Implement new delivery process i.e Express Delivery.

What is Express Delivery

Order will be delivered in the short span of time. It is the fastest delivery than the other online shopping delivery process. New Online Portals like sendmygift.com follows Express delivery process. It is only for Non perishable.

Express Delivery has mainly

Same Day delivery (SDD) : The Order will be delivered with in 6 hours. If customer want Same Day delivery service he/her should order in between 6am to 6pm.(As per our team research it may vary)

One Day Delivery (ODD) : The Order will be delivered with in 12 business hours. If customer want One Day Delivery service he/her should order in between 9am to 9pm.(As per our team research it may vary)

Thank you for reading this article. I hope you like article, if you have any doubts free to leave a comment. We will discuss more about ecommerce in future posts.

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3 Comments

  1. Ran December 31, 2015
  2. Poornendu Sharma March 4, 2016

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