What is e-commerce?
E-commerce refers to the transfer of money and data to buy and sell goods and services using the Internet and to conduct these transactions. An ecommerce is often used to sell products online, but it can also describe any type of commercial transaction that is facilitated via the Internet.
E-commerce first started online shopping on August 11, 1994 in the United States.
By 2019, global e-commerce sales had reached 25 trillion.
There are four main types of e-commerce models
1. Business to Customer (B2C): When an online business sells good service or goods to an individual user
2. Business to Business (B2B): When an online business sells good service or goods to another online business

3. Consumer-to-consumer (C2C): When a consumer sells a good item or service to another consumer (such as you sell your old furniture to another consumer on eBay).

4. Consumer Business (C2B): When a consumer sells their products or services to a business or organization

The following forms of e-commerce involve the various transactional relationships between businesses and consumers, as well as the exchange of various items in these transactions.
1. Retailer:
The sale of a product by a business directly to a customer without an intermediary.

2. Wholesaler:
Selling a large number of products, often to a retailer who then sells them directly to consumers.

3. Dropshipping:
The sale of a product, which is manufactured and shipped to the consumer by a third party.

4. Crowdfunding:
Raising money from customers before a product becomes available to raise startup capital to bring it to market.

5. Purchase:
Automatic recurring purchases of a product or service on a regular basis unless the buyer chooses to cancel.

6. Material products:
This is a commodity trade for which inventory needs to be replenished and orders are received to send the material to the customers as soon as it is sold.

7. Digital products:
Downloadable digital goods, templates, and courses, or media that are bought and sold for use. ۔

8. Services:
A combination of skills or competencies in exchange for compensation. Service provider's time can be purchased for a fee.