What is E-Commerce? (Simple!)

internet commerce What is E-Commerce?
Ever heard the terms E-commerce or Electronic Commerce being thrown around? What are they exactly? No need to worry, I’ve got you covered. Everything you need to know about what E-Commerce is in one easy to understand video tutorial!

Words like Ecommerce or Electronic commerce are often thrown around in all sorts of places but to properly understand them we must first go back to 1957. 1957 the birth of the internet and the framework for the digitization of our society although at this point the internet was very much restricted to military and government uses. So we’ll have fast forward 32 years and here we are 1989 the year that affects us most the internet goes public, the birth of the internet.

Increasingly, the internet has been seen to govern our lives and almost every aspect of life has been computerised from, doing research for a college paper, socializing with friends, gaming or just as a means of a time sink.

It’s no surprise that buying and selling have also taken to the internet which is exactly what ecommerce is.Today ecommerce or electronic commerce can be defined as any sort of transaction made on the internet.

So If you’ve bought something whether physical or electronic on the internet then you’ve engaged in ecommerce.

This can include
• Buying directly or buying through affiliates or agents

If you’ve sold something online again whether physical or electronic you’ve also engaged in ecommerce.

This can include
• Selling on your website
• Selling through social networking sites
• Selling through an auction site
• And many more!

Ecommerce can be between a business and customers also known as B2C
B2C is what you’ve most likely been involved in.
Ecommerce can between businesses and other businesses (e.g. one company buying hardware components from another)
And it can also be between customers (P2P) e.g. people buying and selling on an auction website.

Ecommerce provides a simple platform to do business with countries other than your own, long gone are the days where business was confined to your city, and where your audience is confined to your city.

Ecommerce is huge and its growing.

Ecommerce

Duration : 0:2:11


15 Responses to “What is E-Commerce? (Simple!)”

  1. Natalie Nguyen says:

    How safe eCommerce …
    How safe eCommerce is? I mean is it safe enough to use? Everyday, I read about internet fraud in newspapers.

  2. Yumi Wanwisa says:

    Very well explained …
    Very well explained, from the scratch: 1957. You did a great job and thanks for keeping short and simple.

  3. Debra Benson says:

    ha ha.. that’s …
    ha ha.. that’s because its really really important in today’s world. Even to buy small things, Preferred method is internet.

  4. Tracey Williams says:

    My younger brother …
    My younger brother is in 9th grade and he is having eCommerce as a part of his school curriculum

  5. Eric Abbey says:

    Just by watching …
    Just by watching this video I got an idea on how to use it on web based business. my friend is earning a lot!!

  6. Cindy Oneal says:

    Please excuse my …
    Please excuse my ignorance but I’m new to this. What is it that an eCommerce can do that a regular business can’t do?

  7. Dorris Sears says:

    You helped me clear …
    You helped me clear my doubts, thanks for sharing this informative video. Looking forward to the next video.

  8. Darren Baer says:

    Finally I got a job …
    Finally I got a job, Freelancing, and it’s all cause of E-commerce.

  9. Tammie Shrader says:

    eCommerce is one …
    eCommerce is one of the best ways for the man in street to start making money online

  10. Kelly Bechtel says:

    It helped me …
    It helped me understand about e-commerce up to a great extent. Thanks

  11. Andy Enriquez says:

    great video.
    

    great video.
    

  12. ryan derks says:

    e-Commerce is one …
    e-Commerce is one of the most revolutionary thing ever happened. Even to recharge my phone, I use internet.

  13. valdrin93 says:

    Just what I needed, …
    Just what I needed, props to yahh

  14. rtwrtw1 says:

    yup ecommerce is …
    yup ecommerce is the future

  15. SupaMalekBros says:

    Makes sense thank …
    Makes sense thank you!

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