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Electronic commerce, better known as eCommerce, is the buying or selling of goods or services electronically via the Internet or other computer networks. eCommerce/Shopping Cart uses a set of techniques for managing online sales, subscriptions and payments. Most eCommerce solutions require a website with significant web design and development, a merchant account, and a payment gateway to function. Often eCommerce is portrayed as an online store with a shopping cart; however, other forms exist. eCommerce/Shopping Cart Solutions:
Drop-shipping is another form of e-commerce which uses the supply management technique. Retailers transfer customer orders and shipping details to a wholesaler who in turn ships the goods to the customer. Retailers make a profit from the difference between their price and the wholesaler's price. Drop-shipping retailers may display their items in a store, or provide a catalogue or website that contains their products. Some of the benefits of this form of e-commerce are no upfront inventory costs, no inventory maintenance, and a positive cash flow. |