E-commerce is an electronic network that refers to the buying and selling of goods and services over the Internet. In this, the goods reach from one trader to another trader (B2B) or trader to the customer (B2C), or customer to another customer (C2C).
The sales of the e-commerce market in 2007 were 5.1% of the total sales, which has increased to 21% in 2019
E-commerce works through the Internet. Customers use an online store to order services and products with the help of their devices.
As soon as orders are placed by the customers, the customer's browser will communicate back and forth with the server hosting the online store. The data of the placed order is relayed to a center which is known as the order manager. This is then passed on to the databases that manage the inventory levels; A merchant system that manages payment information using applications such as PayPal and bank computers.
After that, it will go back to the order manager for ensuring that store inventory and customer funds are sufficient for to order process.
The order manager will notify the web server after the order is confirmed. This will display a notification notifying the customer that their order has been placed successfully.
In B2B business, the transaction of products and money between one businessman to another is called. For example, a business is between a manufacturer and a wholesaler or a retailer.
The transaction of product and money between a business person and a direct consumer is called a B2C business.
A consumer uses the goods of his own consumption and recommends them to another consumer, this business between them is called C2C.
Consumer-to-business (C2B) is also a type of e-commerce in which consumers make their services and products available online for companies to purchase.
Refers to the online exchange between public administration and companies or government bodies. Many government branches rely on different types of e-products or services. These services and products are often related to legal registers, documents, social security, employment, and financial data. It happens that there has been a significant increase in B2A in the coming few years.
Most of us have done online shopping at one time or another, which means that we have participated in e-commerce. So we can say that e-commerce is everywhere but very few people would know about its history.
In the 1960s, the companies of that time used electronic data interchange, an electronic system for the transfer of documents.
Make sure you do your research before starting your e-commerce store. Try to figure out what services and products you want to sell and look at target, audience, expected, and competition costs.
After research, give a name to your business. Obtain necessary documents related to your business such as license, taxpayer number, permit, etc.
Before selling your goods and services, you can design your website (or get someone built) or choose any other website (Amazon, Flipkart, Meesho, and GrowUp India) and list your products on them.
By keeping everything simple in the beginning, you can promote your business with paid ads or influencers on all social channels and promote your brand.
In promoting your website, you will get the most support from social media, with the help of which you can reach your products to the people interested in them very quickly. In the beginning, grow your business in a simple way, which makes it easy for the customers. There is no problem in buying the necessary things.
1 Foreign Direct Investment Policy
2 Further, the Foreign Exchange Management Act, 1999 Companies
Act, 2013
3 Payment and Settlement Act, 2007, and other RBI regulations on
payment mechanisms
4 Labeling and Packaging
5 Legal Metrology Act, 2009 read with Legal Metrology (Packaged
Commodity) Rules, 2011
6 Sales, Shipping, Refunds, and Returns
7 Moreover, Regulations prescribed by the relevant ministry/state
Regulations
1 Income Tax Act, 1961
2 Double Taxation Avoidance Agreement
3 Good and Services Tax
1 Information Technology Act, 2000
2 Additionally, Information Technology (Intermediaries Guidelines)
Rules, 2011
3 Information Technology Act, 2000 (IT Act) and General Data
Protection Regulations (GDPR).
4 Consumer Protection Act, 1986
1 Indian Contract Act, 1872
2 Indian Copyright Act, 1957
3 The Patents Act, 1970
4 Intellectual Property Issues
5 Labour laws
Online purchases sales and money transactions done on the Internet come under the category of e-commerce. Internet websites and apps are required for e-commerce businesses. E-commerce is not possible without the internet and website.
E-business is not limited to buying and selling products, it includes much more, which includes providing services to the customer and also establishing a rapport with the employee and partner. If the customer, employee, or partner has any problem then They can contact the company.
