Electronic commerce, also known as e-commerce, is the process of buying and selling goods or services through electronic channels instead of traditional brick-and-mortar stores. In simpler terms, it refers to online shopping and internet-based transactions.
The term "electronic commerce" encompasses all forms of digital commerce that take place on the web. This can include everything from simple online ordering systems to sophisticated ecommerce platforms that handle millions of transactions per day.
Electronic commerce relies on a range of technologies to facilitate sales over the internet. Some common tools include secure payment gateways, inventory management systems, and customer relationship management software. These tools work together to enable businesses to sell their products or services securely online.
In today's interconnected world, electronic commerce has become an essential component of many businesses' overall strategy. By offering goods and services online, companies can reach a wider audience than ever before - even people in other countries can shop with just a few clicks!
There are countless ecommerce platforms available these days - some notable examples include Shopify, WooCommerce (a plugin for Wordpress), Magento, BigCommerce and Volusion among others . Each platform offers its own set of features and benefits designed for different types/size of businesses,
Ecommerce platforms offer many advantages over traditional retail models. For one thing ,They help businesses reduce overhead costs by eliminating physical storefronts altogether while still reaching customers worldwide at any time – all without having much inventory cost upfront .
