What Is E-Commerce?

E-Commerce is short for Electronic Commerce

First of all, online shopping, which is also referred to as e-shopping, or e-commerce, is a multi-billion dollar industry. Many people do online shopping all the time. It has become a part of our everyday lives in the same way that regular shopping is a part of our everyday lives.

The definition of E-Commerce is:

Buying and selling of product or service by businesses and consumers through electronic systems, without using any paper documents.


What Is E-Commerce? - Infographic

Main Types Of E-Commerce

Infographic brought to us by our friends at Miva Merchant Ecommerce Software and Hosting Ecommerce Software and Hosting.
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  • B2B: Business to Business
  • B2C: Business to Consumer
  • C2C: Consumer to Consumer
  • C2B: Consumer to Business

Business To Business, or B2B

$3,705 Billion sales total in 2010

Examples include IBM, HP, Dell, Cisco

Business to Consumer, or B2C

$169 Billion in 2010

Examples include Amazon.com, Target.com, Barnes & Noble

Consumer to Consumer, or C2C

Examples include Craigslist, eBay, half.com

Future of E-Commerce

  • Projected to reach $1.4 trillion by 2015
  • Projected to reach $4.2 trillion by 2021
  • In the United States, e-commerce is projected to grow to $325.2 billion, at 13.7% growth each year
  • Looking at the past, electronic online sales have grown 14.7% per year for the past 5 years


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