E-commerce, also known as electronic commerce, is a modern business method when businesses and consumers sell and buy goods and services through an electronic medium. E-commerce began in the 1960s when businesses started using Electronic Data Interchange (EDI) to share business documents with other companies. The history of E-commerce is impossible to imagine without eBay and Amazon, which were among the first Internet companies to introduce electronic transactions. Their rise in the 1990s revolutionized the E-commerce industry. Users could now buy anything through E-commerce.
Here are the most popular types of E-Commerce models:
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
- Consumer-to-Consumer (C2C)
- Consumer-to-Business (C2B)
E-business, also known as electronic business, is the conduct of business processes on the Internet. These electronic business processes include the buying and selling of goods and services and providing technical or customer support through the Internet. Today, many businesses are using Internet technologies in their business processes and aim to create innovative e-business applications for their needs. These companies count on e-business applications to rebuild internal business processes, implement e-commerce systems with their customers and suppliers, and promote enterprise communication among business teams and workgroups.
Most common E-Business Components:
- An online store
- An online marketplace
- Online communities
- E-Commerce websites
E-commerce is an e-business, but e-business is not only e-commerce. E-commerce is only about buying and selling goods around the web. E-business is a little different as it is not limited to commercial transactions, but it also provides other services. Read the full comparison to learn more.