E-commerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet. E-commerce has evolved to make products easier to discover and purchase through online retailers and marketplaces. Small businesses, and large corporations have all benefited from ecommerce, which enables them to sell their goods and services at a scale that was not possible with traditional offline retail.
When a business sells a good or service to an individual consumer (e.g. You buy a pair of shoes from an online retailer).
When a business sells a good or service to another business (e.g. A business sells software-as-a-service for other businesses to use)
When a consumer sells a good or service to another consumer (e.g. You sell your old furniture on eBay to another consumer).
When a consumer sells their own products or services to a business or organization (e.g. An influencer offers exposure to their online audience in exchange for a fee, or a photographer licenses their photo for a business to use).
The sale of a product by a business directly to a customer without any intermediary.
The sale of products in bulk, often to a retailer that then sells them directly to consumers.
The automatic recurring purchase of a product or service on a regular basis until the subscriber chooses to cancel.
Any tangible good that requires inventory to be replenished and orders to be physically shipped to customers as sales are made.
Downloadable digital goods, templates, and courses, or media that must be purchased for consumption or licensed for use.
A skill or set of skills provided in exchange for compensation. The service provider’s time can be purchased for a fee.
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