Now a days, e commerce platforms are getting more importance worldwide by which people can buy and sell goods and services. E-commerce transactions occur either as a consumer-to-consumer, consumer-to-business, business-to-business or business-to-consumer. It includes technologies such as Internet marketing, electronic data interchange (EDI), mobile commerce, online transaction processing, electronic funds transfer, supply chain management and inventory management systems. Electronic retailing or E-tailing is the most common form of the B2C transaction.
In today’s competitive and fast-paced world of e-commerce, online sellers have multiple of platforms to choose from. With thousands of sellers worldwide, Amazon surely is one of the most popular online ecommerce platform today and it has millions of customers in worldwide. Each customers magnify the chances of getting more profits. Amazon provide different spaces for customers to sell products and they are Amazon Marketplace, Amazon zShops and Amazon Auctions. The seller offer goods at a fixed price At Marketplace, Amazon zShops provide only used goods at fixed prices and Amazon Auctions sell their product to the highest bidder. Amazon ecommerce platform works globally and offers different products in market. This platform invests heavily in its Supply Chain and because of this, it is considered as one of the best Supply Chain in the world.
One of the latest additions to Amazon is Amazon Services by which Amazon sells its sales platform and provide complete e-commerce packages to the companies which are looking to establish their e-commerce business. Amazon sets up complete technology backbones along with websites for other e-commerce companies using its own software and technology.
Social media platforms like Instagram, Facebook, Twitter, LinkedIn, Pinterest plays an important role in E-Commerce. It helps people all over the world to start sharing their interest and experience. So, all of these social technologies are changing the customer experience for the greater way.