eCommerce – An Introduction:
eCommerce or electronic commerce is the purchasing, selling, and exchanging of goods and services over internet or computer networks. Seamlessly, transactions or terms of sale are performed electronically through these eCommerce channels everyday.
In this new industrial environment eCommerce became an important factor of modern business development. The four main business streams surrounding which eCommerce dwells are:
- B2B (Business-to-Business)
- B2C (Business-to-Consumer)
- C2B (Consumer-to-Business)
- C2C (Consumer-to-Consumer)
B2B is a concept of companies doing business with each other such as manufacturers selling to distributors, agents and wholesalers selling to retailers. Here, the pricing is based on quantity of order and is often negotiable between them.
Businesses that sell their products or services to the general public typically through catalogs utilizing shopping cart software are called B2C.
A consumer can posts his project or requirements of service or product with a set budget online. Subsequently, within hours, companies and vendors review the consumer’s requirements and bid on the project. The consumer can then review the bids and selects the company to fulfill his/her needs.
This is the modern eCommerce technique where many sites offering free classifieds, auctions, marketplace and forums where individuals can buy and sell between them.
The C2C eCommerce solutions provides platform for buyers and sellers as a Marketplace. Thanks to the different online payment gateway systems like PayPal, Authorize.net etc., where people can send and receive money online with ease.
Amazon, Ebay & Etsy in C2C eCommerce:
Amazon, Ebay and Etsy are some of the Internet companies to introduce the C2C Marketplace Trend in Modern ECommerce. Thanks to their founders as we now have vast eCommerce sector. As a result, the consumer market now enjoy the buying and selling advantages of the Worldwide Web.
eGrove in eCommerce Development Services:
The clear indication of the growing importance of e-commerce in the global economy is the rapid increase of Internet users. The last decade has witnessed the internet consumerism grow leaps and bounds. Interestingly, the exponential growth of internet and mobile users has become a driving force behind the increasing preference of e-commerce globally. Furthermore, eCommerce seem revolutionary in turning this world into a global village. Eventually, there is a steep rise in the range of available services, such as digital music downloads and VoIP phone calls, which are also part of our daily routine.
eGrove design innovative solutions to help clients to reach their business and products to their end clients successfully. eGrove is one of the industry leaders in eCommerce Solutions with vast experience in developing eCommerce websites using different Open Source Software. So far, eGrove Systems has developed more than 100 eCommerce Websites that are unique in solutions and features. Further, eGrove Systems has implemented & integrated different payment gateway systems. For example, eGrove implemented solutions for EWay UK payment gateway modules for most of the Open Source eCommerce Software.
eGrove in C2C eCommerce:
Marching ahead, eGrove Systems has stepped into the next-gen innovation of C2C eCommerce or modern eCommerce. Using the evolution of different social networking websites, eGrove has now started developing C2C Online Marketplace Solutions. Further on, the goal of these eGrove solutions is to cater to users from both perspectives – as sellers and buyers. The users can post and sell any products to other users through the website. All the website transactions would be done through secured, built-in Payment Gateways.
In a nutshell, e-commerce has really changed the way people, various organizations and other individuals go about doing business. It has also led way for the use of modernism and creativeness in tiresome business process. Therefore, in this fashion, software development companies around the world are lining up for providing businesses with the most successful and resourceful, e-commerce business models. Among them, eGrove Systems Corporation is a pioneer in implementing solutions in C2C eCommerce business domain.