The buying and selling of products and services through an electronic medium increases day by day. As technology develop, the demand of products or we can say process of online shopping also boost up with great level of competition also. Although retailers not only has physical stores, but also has their online stores from where user/customer able to buy anything either clothes or any single accessorie according to requirement. Now eCommerce is just like big business, which is growing bigger rapidly.
As there is growth, there is also rate of competition among different business developer increases. By one report, India is the third biggest eCommerce all over the world after two places of US and China. You need a capital, to build a strong e-commerce business.
There are few methods of e-commerce transactions also which depends upon the participants involved in transactions like:
1) Consumer to Consumer (C2C)
2) Business to Consumer (B2C)
3) Business to Business (B2B)
According to one research annual growth in eCommerce between business and consumers will slow, settling at about 10% by 2018, according to eMarketer, which says such B2C sales will reach $1.47 trillion in 2014, up 20 percent from last year. Growing base of digital buyers will help boost eCommerce sales in Asia-Pacific.
When someone trying to buy a good or service online, at that time people are participating in eCommerce. There are some advantages because of which consumers come back and participate like eCommerce can take place any time, seven days a week more convenient than manual service. Great option is that their are wide options we have to select the product from any of the store. We can check, review and compare the products of various stores for sanctification.
Ecommerce continues to grow at double-digit and also do so for several more years. The individual buyers are making purchases more frequently. Across Asia-Pacific countries, consumers act like a more disparate. China is the one that make up more than half of the region’s sale. As the number of internet users, mobile users increases , so now it is possible for everyone to take the advantage of this online store. This can also be the big reason behind the growth of eCommerce business. It added advantage to the business developers. As they can promote about their product or service easily through this medium.
The trend of E-Commerce has been making round in India for more than 15 years and enjoyed rapid growth of 50% in last few years. Mainly because of reasons like rise in number of internet users, increase rapid acceptability of online payment, likable demographics are some key factors which help to increase in market of eCommerce.
At the end of discussion we can say that eCommerce is continue on its growth and in upcoming years it will take place in every shoppers heart as at one stop with large variety and compatibility available.
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Thanks for your details and explanations..I want more information from your side..please include some valuable ideas..I Am working in refurbished laptops in chennaishould you need for any other clarification please call in this number.044-421 27512.