E-commerce
E-Commerce or Electronic Commerce means buying and selling of goods, products, or services over the
internet. E-commerce is also known as electronic commerce or internet commerce. These services
provided online over the internet network. Transaction of money, funds, and data are also considered as
E-commerce. These business transactions can be done in four ways: Business to Business (B2B), Business
to Customer (B2C), Customer to Customer (C2C), and Customer to Business (C2B). The standard
definition of E-commerce is a commercial transaction which is happened over the internet.
An E-commerce system requires appropriate strategy of successful design and implementation.
Everything is required to plan from scratch to end of website. The e-commerce sector is seen the
exponential growth thus a new option will easily part of this regatta of commercial website. The ecommerce website will feature the online shopping facility of various fashion products under a single
web space or application.
It will allow multiple shopping vendors to sale their products online. The product management in the
system will be done in the form of categories. The safety of information is the main requirement of the
system and will be handling according to that.
STATEMENT OF THE PROBLEM
Traditionally, customers are used to buying the products at the real, in other words, factual shops or
supermarkets. It needs the customers to show up in the shops in person, and walk around different
shopping shelves, and it also needs the owners of shops to stock, exhibit, and transfer the products
required by customers. It takes labor, time and space to process these operations.
Furthermore, the spread of the Covid-19 pandemic has caused a lot of changes in our lifestyle, people
fearing to get outside their homes, transportation almost shut down and social distancing becoming all
the more important. Big to small scale business that relied on the traditional incur a lot of consequence
due to the lockdown issues. Some tend to more towards using social media platforms like Facebook to
sell their product. However, the social media platforms have been beneficial for marketing purposes
alone but leaves the whole task of customer and massive order management via direct messaging (DM),
which takes a lot of time to respond to all customers. In addition, everyone tends to use social media,
posing a great challenge to differentiate between scammers (fraudsters) and legit sellers.
Advantages of E-commerce
. Faster buying process
Customers can spend less time shopping for what they want. They can easily browse through many
items at a time and buy what they like. When online, customers can find items that are available in
physical stores far away from them or not found in their locality.
This is where ecommerce comes to the rescue for many shoppers. They go online, search for an item,
get a fast response and can buy it just as quickly.
Advantages of e-business include helping one to choose from a wide range of products and get the
order delivered too. Searching for an item, seeing the description, adding to cart – all steps happen in no
time at all. In the end, the buyer is happy because he has the item and didn’t have to travel far.
2. Store and product listing creation
A product listing is what the customer sees when they search for an item. This is one advantage in
ecommerce meant for the seller. This online business plus point is that you can personalize your product
listing after creating them. The best part? Creating a listing takes very little time, all you require is your
product name or codes like EAN, UPC, ISBN or ASIN.
Sellers can add many images, a description, product category, price, shipping fee and delivery date. So,
in just one step you can tell the customer many things about the item. Creating your listing shows the
buyers what you have.
3. Cost reduction
One of the biggest advantages of ecommerce to business that keep sellers interested in online selling is
cost reduction. Many sellers have to pay lots to maintain their physical store. They may need to pay
extra upfront costs like rent, repairs, store design, inventory etc. In many cases, even after investing in
services, stock, maintenance and workforce, sellers don’t receive desired profits and ROI.
4. Affordable advertising and marketing
Sellers don’t have to spend a lot of money to promote their items. The world of ecommerce has several
affordable, quick ways to market online. Ecommerce marketplaces are visual channels – and sellers can
really show off their product. For example, Amazon sellers can use Advertising tools to add videos,
infographics, and good quality resolution images.
5. Flexibility for customers
An important advantage of ecommerce to business is that sellers can provide flexibility to customers.
One highlight is that the product and services are ready 24x7. The result is that seller can offer his item
any place, any time.
6. Product and price comparison
In ecommerce, sellers can compare the products using tools or on their own. This gives them a good
idea of product alternatives available, the standard rates, if a product need is unfulfilled. 6. Product and
price comparison
In ecommerce, sellers can compare the products using tools or on their own. This gives them a good
idea of product alternatives available, the standard rates, if a product need is unfulfilled. 6. Product and
price comparison
In ecommerce, sellers can compare the products using tools or on their own. This gives them a good
idea of product alternatives available, the standard rates, if a product need is unfulfilled.
7. No reach limitations
A seller with a physical store may only be able to reach a certain number of buyers. They can deliver to
the customers’ homes but there can be distance limitations. Several e-commerce marketplaces have
their own logistics and delivery system.
8. Faster response to buyer/market demands
Every interaction is faster when you begin selling online. Ecommerce marketplaces offer you a
streamlined logistics or delivery system. What this means is that the buyers order gets delivered
efficiently. Product returns management is one more plus point that can be handled quickly – you either
refund the payments or give a replacement.
9. Several payment modes
Buyers like personalization – the same goes for paying for their orders. Ecommerce marketplaces permit
multiple payment modes that include UPI, cash on delivery, card on delivery, net banking, EMIs on credit
or debit card and pay-later credit facility.
10. Enables easy exports
E-commerce exports assists sellers to directly sell to international customers in global marketplaces,
allowing them to transcend beyond national boundaries and expand abroad. With e-commerce, sellers
don’t have to invest in a physical setup to reach customers. Instead, they can use attractive product
listing and acquire new customers internationally with ease. For aspiring entrepreneurs and growing
businesses, e-commerce exports can be a very profitable model to adapt for global expansion and
increased revenue.
.Survey
In past years these problems were tried to be solved t, but it has not make much effect. A survey was
conduct on percentages of people who uses and does not use e-commerce and here is the amount of
demand regarding e-commerce:
Название диаграммы
7000%
6000%
5000%
4000%
3000%
2000%
1000%
0%
purchase%
does not purchase
Ряд1
Ряд2
• Solution
The ……………………………………………. Is an Online shopping system provides a solution to reduce and
optimize these expenses. Authorized Customers do not need to go to the factual shops to choose, and
bring the products they need by hands. They simply browse their Personal computers or cell phones to
access shops, and evaluate the products description, pictures on the screen to choose products. In
addition, the owners of the shop do not need to arrange or exhibit their stocks products. They just input
the description, prices of products, and upload their pictures. Simply, both customers and shop owners
do not need to touch the real products in the whole process of shopping, and management. In the end
the logistic center will distribute the products required by customers, or products ordered by shop
owners to their locations. The customers are able to track the status of their orders until delivery, after
which they can leave a review of the type of service they received. The payment and products’ quantity
will be saved in database through the data flow. These shopping, management and distribution
processes greatly simplify and optimize the retail business.