E-commerce

E-commerce

1. E-commerce is just the process of buying and selling produce by electronic means such as by mobile applications and the Internet. Ecommerce refers to both online retail as well as electronic transactions.

2. Advantages

   • Global Reach
   • Always Open
   • Cost Savings
   • Automated Inventory Management
   • Laser Targeted Marketing
   • Niche Market Dominance
   • Location Independence

3. History

   • 1979 Michael Aldrich create e-commerce
     • 1981 Holidays submit the first electronic transaction using online technology
       • 1984 Mrs. Snowball makes the first electronica purchase
         • 1985 Nissan UK sells cars and financing with credit checking to customers online from dealerships
           • Swreg creates the first electronic merchant account to let software develops sell online
             • 1990 Tim Berners invents the web s we know it
               • 1994 -Third party payment services for processing online credit card sales begin to appear -First Online bank opens
                 • 1995 -Bezos launches Amazon.com -Netscape enters the stock market
                   • 1998 PayPal is founded in Palo Alto
                     • 1999 Napster, Zappos and Victoria´s Secret all make their online debut
                       • 2004 Mark Zuckberg launches Facebook
                         • 2005 Youtube
                           • 2007 Steve unveils the iPhone
                             • 2014 China is No. 1 in Ecommerce