E-commerce is a commercial activity that takes place over the internet with the use of digital technology. It is a possibility of exchanging goods or services with electronic tools and techniques between two or more parties.
In both wholesale and retail business, e-commerce is a rapidly growing channel. Nowadays almost all products and services are offered on the web.
Even small companies can access global markets because of the relatively low cost of eCommerce. Ecommerce is used for some the business activities, such as retailing and wholesales, software sales, services, healthcare, telecoms, video conferencing, and stock trading.
The three principal sectors of eCommerce are:
- B2B (business to business)– businesses buying and selling electronically across the whole of the supply chain.
- B2G (business to government)– businesses using electronic submission methods for tax reporting.
- B2C (business to consumer)– a retail business selling directly to a consumer over the internet.
- C2G (consumer to the government)– individuals using electronic submission for self-assessment tax returns.
E-commerce is the future
By partnering with Digital Pomegranate Distrikt startups will have tech solutions. Digital Pomegranate has 8 years behind in developing eCommerce websites and applications, such as Mia Shop, Seek Unique, Zarig jewels, and much more. The development of e-commerce may accelerate the development of many other sectors such as electronic banking, one-to-one marketing, and direct booking of a range of services. In Distrikt e-commerce will be focused on many industries such as:
eCommerce facilitates and helps the creative industry around the world. Seek Unique is a great example of that. SeekUnique offers beautiful mobile-friendly website templates to showcase stock, with integrated SEO, specially designed for the antiques and art industry. The websites are easy to set up and manage the content with three subscription levels to suit all requirements. The website templates can be personalized or customized to suit business requirements.
Traditional agricultural value chains involve multiple intermediaries between farmers and consumers. Typically, farmers sell their produce at the farm to middlemen. Produce then passes through multiple intermediaries before reaching the end customer. As a result, farmers receive only a small proportion of the price paid by the end consumer as each intermediary in the value chain earns a margin. It is important to not just help the farms produce organic vegetables. It is equally important to help them sell their products to survive. This is where eCommerce makes a difference.
The Covid-19 pandemic has caused a massive shift in consumer behavior — not just what people are buying, but how, when, and where they’re buying it. Stay-at-home orders, closure of “non-essential” businesses, and a dramatic upturn in remote work are some of the factors behind the shift, and as a result, some industries have unexpectedly rebounded or taken off while others have gone almost completely dark. →
Choosing the best eCommerce software is not as straightforward as it seems. In fact, it is actually one of the most important decisions that you make very early on in your eCommerce journey. →