The word eCommerce stands for electronic commerce. It refers to any industry deal that happens by electronic means on the net. The word covers buying plus selling products and service. In addition to financial dealings like banking online or trading stocks, renting movie or games, plus booking travel.
Advantages for Consumers
One of the major benefits for somebody who is buying online is the expediency. Time and cash are saved since trips to stores are not essential .Online stores are unfastening all the time while retail stores have place hours. The client does not have to get clothed, fight traffic as well as crowds, or else wait in line. There is also the advantage of being a well informed customer as online are comparisons, reviews, and comments regarding products and services.
Benefit for Businesses
Retail stores could benefit from eCommerce by create an additional sales channel. They can present special products online that would not simply save their usual customers a trip but will augment the number of clientele. They could offer promotional stuff, advertise sales, plus have special price for net purchases.