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Share the post 'Experience of eGrove Systems in C2C – ECommerce: A New Trend of Ecommerce'. ECommerce – An Introduction: ECommerce (e-commerce) or electronic commerce is the purchasing, selling, and exchanging of goods and services over internet or computer networks through which transactions or terms of sale are performed electronically. In this new industrial environment ECommerce became an important factor of modern business development. In this dynamic era ECommerce can be broken into four main categories:. B2B (Business-to-Business). B2C (Business-to-Consumer). C2B (Consumer-to-Business).
C2C (Consumer-to-Consumer) B2B (Business-to-Business) B2B is a concept of companies doing business with each other such as manufacturers selling to distributors, agents and wholesalers selling to retailers. The pricing is based on quantity of order and is often negotiable between them. B2C (Business-to-Consumer) Businesses that sell their products or services to the general public typically through catalogs utilizing shopping cart software are called B2C. C2B (Consumer-to-Business) A consumer can posts his project or requirements of service or product with a set budget online and 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. C2C (Consumer-to-Consumer) 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 website 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 and enjoy the buying and selling advantages of the Worldwide Web. EGrove in ECommerce Development Services: It is clear indication of the growing importance of e-commerce in the global economy is the rapidity with which Internet use has grown and spread during the last decade. With this ever rising usage of internet around the world, it has become a driving force behind the increasing preference of e-commerce globally. While the internet may still seem revolutionary in increasing the range of available services, such as digital music downloads and VoIP phone calls, it is also part of our daily routine.
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The innovation solutions from eGrove have helped its clients to bring their business and products to its end clients. EGrove is one of the industry leaders in ECommerce Solutions since they have 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. 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: EGrove has stepped into the next innovation of C2C ECommerce or modern ECommerce. Using the evolution of different social networking websites, eGrove has now started developing C2C Online Marketplace Solutions to its clients and the websites are being developed similar to Etsy, where the users may act as a Buyer as well as Sellers.
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. Conclusion: In a nutshell, e-commerce has really changed the way people, various organizations and other individuals go about doing business.
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It has also led way for the use of modernism and creativeness in tiresome business process. And with 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, Corporation is a pioneer in implementing solutions in C2C ECommerce business domain. About Sathish Kumar Sathish Kumar has command over excellent communication and ‘people’ skill.
He is popular to provide fresh, creative response to here-and-now opportunities. He has wealth of 20+ year experience in providing IT solutions. His experience lets him act as an effective leader and share problem-solving responsibilities within the team as well as the organization.
A Marketplace is a traditional, proven idea that has been absolutely revolutionised by the Internet. Online access has made worldwide connections between businesses, citizens, employees and governments a reality. Market places allow engagement, interchange and trading which was only possible by being physically present at the same place and at the same time. But not anymore.
Digital E-Marketplaces have no time or space limits imposed on the business flow, so everyone, everywhere can be connected and purchase, sell or exchange whenever they wish to.
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Marketplace eCommerce Implementation Benefits and risks of implementing an online marketplace In 2013, Amazon’s net sales amounted to $74.45 billion. Last year (2016), it was $136 billion. The trailblazing company has been called a “disruptive force” in the retail world by Morningstar Analysts, and its growth potential only increases. Companies like Amazon, NewEgg, Etsy, and eBay have had massive success while running on a business model. This multichannel model, when well executed, has proven itself to be one of the most profitable and popular in web eCommerce.
Marketplaces facilitate sales for third-party vendors by allowing them to sell products in one online marketplace. The entire marketplace runs on the same software infrastructure, enabling all sellers to distribute their distinct goods under the umbrella of one website. Benefits of Marketplace eCommerce With a quality enterprise software solution in place, marketplace eCommerce can benefit all parties in a number of ways: Business operator: A marketplace allows the business operator to take a commission on items that vendors sell. This can either be in place of or in addition to the marketplaces's own products, exponentially increasing profit opportunities. Vendor: Smaller stores without the budget or marketing capability to establish their own eCommerce website and software can also benefit from joining a marketplace.
By aligning themselves with a larger, known business, these stores can gain visibility and, in some cases, utilize the marketplace’s fulfillment options. Consumer: Marketplace customers benefit from seeing aggregated options on a single website and are empowered to find the most reasonably priced or highest quality product. Challenges of Marketplace eCommerce Models Though marketplaces have their advantages, this model also presents complex challenges. In large marketplaces, price competition can pose a problem.
Vendors can choose to compete for the lowest price, which may serve the customer but could lower profits for both the marketplace and the vendor. Quality assurance can also be an issue. Marketplaces may not always have control over the quality of products or timeliness of delivery.
One way to combat this is to establish a review system, allowing consumers to give feedback on specific third-party sellers and products. Some marketplaces like eBay will move a seller down in results or downgrade their account due to negative reviews, while other sites like Amazon leave it up to the consumer to penalize a vendor based on poor reviews. The right enterprise software platform can help you manage these aspects of quality assurance. Marketplace Implementation Before choosing to implement marketplace eCommerce, your business will need to consider the following:. Payment gateway How will sellers receive payment, and via what platform?. Fee structure How will you charge vendors for selling in your marketplace, i.e., how will your company make a profit?.
Fulfillment options Is the marketplace or the vendor responsible for, and how will you incorporate different shipping options?. Accountability How will you ensure that consumers pay for purchases and that vendors deliver products that meet customer expectations? After making decisions on these points and more, you'll need an advanced to help make your goals a reality. Clarity: A Team of Seasoned Experts Clarity eCommerce™ can develop a tailored to your business needs.
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