E-commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to transactional processes around online retail.
The benefits of e-commerce include its around-the-clock availability, the speed of access, a wider selection of goods and services, accessibility, and international reach. It’s perceived downsides include sometimes-limited customer service, not being able to see or touch a product prior to purchase, and the necessitated wait time for product shipping.
A website is the face of your business in this online era, more people search about businesses through the internet. Lots of businesses give up opening up shop in a specific location and instead, focus entirely on online e-commerce store. An ecommerce website gives superior exposure to your local or international business and an extra edge in the competitive market and also helps a business in endorsing their products and/or services across the globe in shortest possible time.