What is e-commerce? e-Commerce or eCommerce, is  “electronic commerce.” Right, tell me something I don't know.

Simply stated, It’s buying and selling products, services and other important stuff over the Internet.  e-Commerce covers a vast range of businesses, both conventional and unconventional. These can range from stores selling specific products, such as Baby Stores or Camping Stores, to Auction Houses, which list and sell everything and not forgetting the most important e-Commerce application, the downloading of music and movies (after a fee has been paid).

How amazing is it. You can go online, at any time of the day or night, buy a shirt or a book, and have it delivered to your house within the next day or two. All this and you never left the comfort and safety of your house. This advancement in e-Commerce has allowed the smaller businesses to compete against the multi nationals, in a more cost effective and efficient manner. The growth of e-Commerce has been immense over the last few years and this trend is expected to continue and expand accordingly.

What is e-commerce? Relying on innovations in moving money, information, Products and Services around electronically, marketing goods and services over the Internet, processing the actual transaction online and Internet security. The explosive growth of e-commerce creates amazing opportunities.

Another exciting opportunity that has arisen from e-Commerce, is the B2B Model. Business to Business e-commerce is usually referred to as “B2B”, whereby Manufacturers buy parts, Retail stores buy from Wholesalers and so on.  e-Commerce has considerable advantages over older tried and tested means for B2B. If correctly implemented, e-commerce is faster, cheaper, more convenient and can potentially reach more customers.

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One last thing to consider. You know that tiny little lower case “e” at the beginning of the word e-commerce? Have you ever wonder why it’s not in Upper Case E? The answer is simple: the e stands for electronic, and electronic, literally, means having to do with electrons. Electrons are the sub-atomic particles whose moving around gives us energy in the form of electricity. The scientific symbol for electron is a small e.

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