E Commerce In Bangladesh, E-commerce means electronic business. Which business is using any type of electronics device this business is E-commerce. E-Commerce, also known as e-Business, or electronic business, is simply the sale and purchase of services and goods over an electronic medium, like the Internet.
Day by day in the world is going forward with digitalization. Every day we see new inventions and this new invention makes our life very easy. Once upon a time, we needed to go outside the market to buy something but now we don’t need to go outside the market to buy something because e-commerce has made our life easier. Now we can buy everything we want from an e-commerce website.
E-commerce makes our life very easy so we have no need to waste our valuable time. We can spend our time doing other work. We can buy everything from e-commerce like medicine, sports Accessories, all types of food, we can do everything shopping, buy all vehicles tickets, All electronics devices and products that we need in our daily life.
E-commerce means electronic commerce or Internet commerce where a business is regulated by the internet and money transfer is also executed through this transaction. Nowadays e-commerce occupies huge popularity worldwide. It’s an easy and reliable way for both customers and consumers. So many renowned business industries totally depend on e-commerce, like Alibaba, Amazon, Daraz, e-valy, foodpanda etc.
The E-commerce industry is now even Popular in Bangladesh also. So many entrepreneurs are now making their own business with dignity through this e-commerce industry. It does not need any 9-5 business time, not any spot purchase issue, any salesman, any current bill, the electric bill, and so on. Surprising thing is that orders can be placed anywhere, anytime.
A good e-commerce Businessman should have good behavioral activity, honestly, good communication skills, and good experience in customer handling. Also, I have to know about digital skill marketing, Good knowledge about computers, internet browsing, handling electronic devices and so many.
1. Business-To-Business (B2B) E Commerce In Bangladesh
The business-to-business eCommerce model is structured just like it sounds. It’s where businesses sell products to other companies. Types of products include anything that enhances another company’s business practices.
One of the best examples of a B2B business is a software company. Think Salesforce, HubSpot, or SurveyMonkey. All of these products are for the benefit of a business, and it wouldn’t make sense for the typical mom-and-pop consumer to invest in enterprise software.
2. Business-to-consumer (B2C)
The business-to-consumer eCommerce model is also straightforward. It’s when a business sells products online, or via a mobile device, directly to consumers.
Business-to-consumer eCommerce companies are companies that you and I visit online every day to purchase things like clothing, books, makeup, etc.
Top B2C eCommerce companies include giants like Amazon, eBay, and Alibaba.
It’s also critical to remember that B2C companies don’t have to exist solely online like Amazon and eBay.
B2C companies can also have a brick-and-mortar store and, if it makes sense, can start an eCommerce website. Examples of this include large fashion retailers like Nordstrom, J. Crew, H&M, and more.
3. Consumer-to-consumer (C2C)
A consumer-to-consumer business model is when one consumer makes and sells a product to another consumer.
One consumer may use a platform like Amazon, Etsy, or eBay to sell products to another consumer.
4. Consumer-to-business (C2B)
The last type of eCommerce business model is consumer-to-business. This is where a consumer, or individual entrepreneur, sells their products or services to businesses.
Good examples of C2B businesses would be a business consultant, a freelance graphic designer, or a social media influencer with a large audience.
Online transactions in Bangladesh have been increasing over the years. Improvements in the standard of living coupled with advancement in livelihood, shopping behavior has experienced a significant shift. In Bangladesh, the e-commerce industry set sail in the late 90s but was unable to expand immediately. Gradually, over the years, banking, logistics communications, and payment methods have improved creating opportunities for the e-business sector to develop.
A number of sectors including the banking sector are now using the internet payment system. As consumers can avail of credit, debit card services, and digital wallets, the cash-on-delivery system is now more accessible.
In Bangladesh Facebook is a strong media for e-commerce business especially for small & medium enterprises. This business model is known as F-commerce.
In 2009 Bangladesh Bank approved online payment and in 2013 the bank approved the use of debit and credit cards for online payment.
In 2016 the government of Bangladesh opened eCommerce sites for every district in the country. The same year, FBCCI recommended the removal of tax on eCommerce.Ten billion Taka’s worth of transactions takes place through eCommerce sites per year according to a 2017 report.
Nowadays the online possibly took for a huge marketplace possibly able of dealing the
population of the whole world. This is the question of why come E-Commerce is so magnetic
for a lot of traditional businesses. E-commerce is modifying the technique people do
business with. From large corporations to small industries, businesses are going away internet,
opening their products and services to new groups of people around the world. At that place, there
are several paths to get your products and services internet, from simple shopping web site to
high-end database-driven, data-capture, and online credit card confirmation solutions.