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What Is Ecommerce And How It Works

Posted by Admin at 6:03 PM

Ecommerce has revolutionized the way business is done on the internet. However, it was a long struggle, as the security features were still being developed and implemented. Security was a major concern as ecommerce websites mostly dealt with cash transactions and involved online payments using credit cards. Thus it was a challenge for most of the ecommerce website developments to gain the confidence of the people and get them to transact on the World Wide Web. During the dot-com boom many "brick and mortar" establishments went online for their business and flourished as ecommerce traders. Many home based businesses tried their luck on the World Wide Web and started selling their goods online. However, many such hurried and random online businesses collapsed with the burst of the dot-com bubble. Companies and ventures with real strong fundamentals and business models sustained as revenue generators in the ecommerce space. Some of these include eBay, Amazon, Office Depot, Staples, and other similar ventures, which had office stationery, music/movie CDs and DVDs, books, and so on.

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