Nishant Gupta11BEI0037

E-commerce

??WHA

TisE-

commerce?

Electronic Commerce or e-commerce refers to:• The use of the medium of the internet

solely to enter into various commercial contracts, where the substance of such contracts may not have anything to do with the net.

• Using the medium of internet to generate income and revenue, and to solicit business.

Commerce with the power of the internet

• Anywhere• Anytime• Anyone

Popular ecommerce websites:

Other e-commerce activities

• Mobile Recharges• Digital Subscriptions• Booking Tickets• Hotel Reservations etc.

E-Commerce Divisions

• E-tailing or Virtual Storefronts• Gathering/use of demographic data through

Web contacts and social media• Electronic Data Interchange (Business to

business).• E-mail and fax in their use to reach

prospective customers• Providing soft services

Paying through cash is not the only way to complete an e-commerce transaction. Bartering is also emerging as an alternative to buying goods with regulated money as a way to beat the constant fluctuations in currencies especially during times of economic duress.

The now shutdown website SilkRoad was an anonymous market wherein buyers could purchase contraband products with complete anonymity. Known as the ‘ebay of drugs’ silk road made revenues to the tune of 1.2 billion$ with 79.8 million$ in commission. To ensure transactions couldn’t be tracked digital currencies like Bitcoins were used.The website made revenues

Questions, Queries?