Some field experts would consider all business deals and activities that are being conducted using modern Telecommunication and Info Technology methods as E-commerce. The scope of e-commerce is really what makes every business go for it. Distance isn’t the issue since customers can at all times check and get items via online order processing. Business owners, on the other hand can easily contact and get in contact with their customers through the internet, thus transactions are processed easily and in a very timely manner. E-commerce is really the business trend of this generation. It accomplishes so much for enterprises that choose to use it in increasing brand awareness, generating more income, and boosting their chances for bigger success in their respective industries.
3. Consumer to Consumer (C2C) – It facilitates the online transaction of goods or services between two people. Though there isn’t any visible intermediary involved but the parties can not carry out the transactions without the platform which is provided by the online market maker comparable to eBay.
The other types of ecommerce are the G2G (Government-to-Government), G2E (Government-to-Employee), G2B (Government-to-Business), B2G (Business-to Government), G2C (Government-to-Citizen), C2G (Citizen-to-Government). These transactions involves primarily with the government, from procurement to submitting taxes to business registration to renewing license. There are nonetheless plenty of other categories that exist but then they tend to be superfluous.
The anonymity of internet shopping for and selling creates many dangers of e-commerce and many times those who have cheated on a purchase are never found to be prosecuted. Buying on the large public sale sites on the internet is somewhat safer as they offer buyer protection for many of the transactions handled by their site. But the outdated expression “let the buyer beware” has never been more relevant than with internet purchases. The dangers of e-commerce can involve the merchandise themselves as well as the electronic transaction. Look at it from the perspective of the buyer.
Considering the world market for eCommerce , the Sri Lankan market is pretty small. That is one of the main details that are in favor of the local players. If it were something like the Indian market with several millions of customers for eCommerce , the local players would have been taken away by the international players. However, the fact is that the Sri Lankan eCommerce market continues to be considered by many international players.
In order to start Ecommerce what you need is a good web site with complete ecommerce facilities and then search engine optimization of your site in order that it can begin pulling real customers. In spite of the fact that such systems are already in place, many consumers are nonetheless cautious of buying products over the Internet. There are two reasons for this reluctance: (1) Security issues and (2) Purchase behavior habits.
Cyber Threats- Despite of using a secure transaction network, the e-commerce industry is at all times at a threat of losing their customers data and money due to unwanted cyber assaults. Blockchain technology is a perfect solution for resolving these challenges. It provides highest level of security by utilizing distributed ledgers for managing the e-commerce database management systems.