Inside of a decade, the significance of e-commerce internet sites has increased ten situations. The frantic everyday living, fast paced program, restless way of life, lack of commodity administration &decrease of unemployment have actually cast a spell behind this sudden hike. People get less time to go out and shop and window shopping? Who has the time? Everyone is running behind money and once coming back to the home exhausted in the evening, turn on the desktop, PC, Tablet or mobile and order something from the e-commerce store Zero Up Fred Lam.
This is somehow the daily routine of all the active people out there? Isn’t it?
Well, the luxurious deals that the e-marts promote to allure us in the festive seasons are quite lucrative and unavoidable. Moreover, the discounts that they provide us simply help us to pick up some awesome products at a very cheaper price and that really works! E-commerce has mobilized business truly and has given it a new aspect from both the ends of the customers and the sellers.
What is an e-commerce site?
E-commerce web-sites simply mean shopping through the internet. The history of online shopping dates back some two decades ago in 1991 when commercial use was allowed on the internet. At the beginning, the term was used only for the implementation of the electronic commercial dealings via EFT & EDI. Later the coinage was changed in the presently used meaning, i.e. the e-commerce websites or the websites that deal with the retailed products or services.
History In Brief
It all started like this. In early 2000, a huge number of business organizations in the United States and the Western Europe started representing their business on the internet. This led to a revolution and people started to buy goods directly online. Even that time the term e-commerce development company didn’t exist.
The internet was also new that time and dot-com collapse had damaged a lot in the international market. But one of the retailing companies ‘Brick & Mortar’ stood irresistibly and utilized the benefits of the electronic commerce stratagems. Once the concept was established, the types of e-commerce, such as the Business-to-Business model or B2B, Business-to-Consumer model or B2C and other models started approaching.
A recent survey has revealed that inside three months, the global e-commerce web sites generate over $1,50,000 monthly revenue and approximately $3,30,000 yearly revenue. It is estimated that after few years the amount will rise up to $1 million, which means it will increase some 230% in just the gap of 3 years.