Everything you need to know about ecommerce Website: Meaning and its Working

The Ecommerce market is foreseen to rise to US$ 200 billion by 2026. And the hotspot for this ecommerce bloom is observed to happen in India also. Therefore, this is the right time and indeed a high time to learn about this ‘high yielding stuff.’ But before you start going gaga over this, there are certain things you should keep in mind. So let us begin our today’s article with the topics: Everything you need to know about ecommerce: Meaning and its Working.    

Meaning of Ecommerce

Ecommerce is also known as electronic commerce. It is simply a process of buying and selling products and services over the internet or electronic media. This buying and selling take place via an ecommerce Website. But for an ecommerce Website, you need someone who can provide you with ecommerce Website Development.

Moreover, you can also transfer data through ecommerce, which is needed during selling and purchasing. Although money is being moved in this process, there is no physical ‘cash’ transfer.  

One of the top reasons your rivals are investing in ecommerce Website Development is that it allows them to reach customers across boundaries without any hassle. And you can do the same by contacting an ecommerce website development company  that can take your business beyond distance and time barriers.

Different Kinds of ecommerce Business Options

Do not get overwhelmed while choosing an ecommerce business option. Every sort of electronic commerce has its purpose and is suitable for a specific kind of business. So before diving into this, list out your preferences, online business model, and capital you are willing to invest. Then make a decision. 

Some of the popular online ecommerce options include:

● B2C – Business to consumer.

● B2B – Business to business.

● C2B – Consumer to business.

● C2C – Consumer to consumer.

Choose accordingly, and then move on to invest in the best ecommerce website builder in Dubai that will support your dreams and make them come true.

Working of Ecommerce 

The process of ecommerce is quite complicated. However, we will try our best to make you understand this wholly computerized ecommerce platform. 

• The Customer sitting in any corner of the world is ordering a mobile phone online. While surfing over the business’ website, his browser communicates back-and-forth over the internet. This communication is happening with the internet server of the store’s website. 

• The customer finds his favorite mobile phone and then adds it to the cart. He then clicks to make an order. At this time, the web server sends a signal to the order manager.   

• The web server is generally a central computer that keeps an eye on the orders during each processing stage. That is, from submission of a charge to its dispatch. 

• The order manager then seeks into the database with a query of the product’s availability.

• If, in any case, the availability of the product is not there, the stock database system directs the purchase of that product.

• All this is happening while the customer is still sitting in front of his PC to purchase.   

• With the product’s availability or even its non-availability, the order system will provide the customer with an estimated delivery date.      

• This delivery date is a stipulated time– taking into account when the store will receive the product from the manufacture and when it will dispatch.

• Suppose the stock database shows that the product is available. In that case, the order manager processes it further to the merchant’s system for payment purposes. 

• Once the customer enters his card information to make the payments, the Merchandiser system also processes to connect with the customer’s bank digitally.

• After the customer’s bank receives this request. It will either confirm or decline based on the funds available.      

• Following the payment confirmation process, the Merchandiser system will authorize various other actions for receiving payments.  

• After authorization of payment, the order manager validates the transaction’s success and reports the online server.

• Further, the customer receives a confirmation that the transaction is complete.

• Simultaneously, the order manager requests the warehouse to dispatch the commodities to the customer’s place.

• The dispatch truck picks up the product/s for delivery from the warehouse.    

• Once the product is on its way, the warehouse computer sends the dispatch confirmation e-mail to the customer.

• Finally, the product reaches its destination and in the hands of the customer. 

All these processes coincide, virtually, and in real-time while the customer is sitting at his office or home. There is no lag in between these steps. 

How to start your ecommerce website?

To get into the ecommerce business, you first need to clarify your business model and budget. Then invest in an agency offering ecommerce Website Development. Besides, do not forget to create an attractive website with the help of an ecommerce website design company. This will help you in grabbing your customer’s attention and retain them for a longer time.