The intangibility of the Internet has created room for the sales of intangible goods and services through electronic channels. With the right information, you can easily manage your product and the kind of service you render from one country to another without stress. In this article, I shall unveil what digital commerce is, the open network, bank, platform, and solution. Let’s get into it. <\/p>\n\n\n\n
Digital commerce or electronic commerce is the use of websites and social medial platforms to sell and buy goods and services online from one location to another without even having a physical store. It includes technologies and people from different locations to carry out and offer development content, customer experience, promotions, and pricing for the out customer’s journey in buying products. <\/p>\n\n\n\n
It works through a channel, such as social media platforms which helps your customers gain easy access to your product and services. It connects buyers and sellers from different parts of the world using various electronic channels. If you are so skilled in what you do, and probably looking for a place to sell and grow your product then you need digital commerce to fast-forward what you do. Starting a digital store is no easy feat, they are a list of things you should put into consideration before starting and there are:<\/p>\n\n\n\n
To start an e-commerce business you must:<\/p>\n\n\n\n
Digital commerce or digital marketing occurs everywhere so long as you have your wifi or data connected to the internet. It is an online store where products and services are showcased through marketing on social media platforms or websites. Here is the significance of digital marketing.<\/p>\n\n\n\n
Digital commerce helps people to purchase products and services through a self-service experience with other people from different parts of the world. These are the important reasons why digital commerce is so crucial and there are:<\/p>\n\n\n\n
The digital commerce bank was co-founded by Mr.Jeffrey Smith who is also the president and chief executive officer. Mr smith is an entrepreneur with the greatest experience in financing and has helped grow large-scale international businesses. DCBank was founded in October 2007 and ever since then, life has been made easy. People make transactions at their own convenience because it provides and offers clients flexibility, effectiveness, efficiency, and a lot more when it comes to caring out their daily transactions, payment needs, and banking without going to a physical bank.<\/p>\n\n\n\n
This bank makes the economy of every country more effective, efficient, and productive and leads to creativity and more. DCBank is real and unique. It helps a lot of customers build successful businesses. Here are the examples of digital commerce;<\/p>\n\n\n\n
Digital commerce platform provides people from every part of the world with the necessary information to make their choices and decide on the kind of product they want to buy, the rules to follow, and the price orders for payment. A Digital commerce platform enables users to buy their preferred products and services through a self-service experience. <\/p>\n\n\n\n
A digital commerce platform is important and a must-have because it enables individuals from different parts of the world to [purchase products and the services they want from different locations. <\/p>\n\n\n\n
In essence, digital commerce platforms provide clients with flexibility and a stress-free shopping experience. Also, it allows vendors to have larger clients reach than what a mortar store would do.<\/p>\n\n\n\n
A digital commerce platform facilitates more of our interactions whether in our personal lives or at work. It intermediates communication and the flow of information from one destination to another. In addition, digital commerce platforms are so significant to our societies and economy. <\/p>\n\n\n\n
Open network for digital commerce is an open e-commerce protocol propagated by the Ministry of Commerce, Department of Promotion of Industry and Internal Trade (DPIIT). Under the open network for digital commerce buyers registered on the e-commerce site can purchase goods from a seller on another e-commerce site. For example, a buyer needs to go to eBay to buy a product from a seller on the same site.<\/p>\n\n\n\n
There are a lot of benefits the open network for digital commerce offers they are:<\/p>\n\n\n\n
Digital commerce is literally everywhere and in all parts of the world with more than 90% of people buying and selling varieties of goods and rendering services through digital commerce platforms or channels. It has really helped a lot of businesses grow, improve, and born new ideals. With digital commerce, one doesn’t need to step out of their comfort zone to get to buy or sell products.<\/p>\n\n\n\n
With digital commerce solutions, you gain more strength to innovate, transform lives with your product or services, drive savings, earn more conversions, and deliver customer experience right on all channels.<\/p>\n\n\n\n
The benefit of using a digital commerce solution is that:<\/p>\n\n\n\n
Amazon is one of the online marketplaces which provides sellers with warehouses to store their various products. It is also one of the biggest digital marketplaces where people advertise and sell a lot of products and deliver services to their customers. It is one of the five biggest companies in the united states technology industry, founded by Jeff Bezos in 1994. Generally, it was created just to sell books online but right now it offers a wider range of products like, items of furniture, food, video games, and a lot more. It has also surpassed other online markets. Amazon helps millions of people every day to sell their products and access a wide range of additional selling tools, like homemade and handmade which will enable you to find customers.<\/p>\n\n\n\n
Digital commerce does not only entail the transactions carried out by customers and every other individual online. But, compasses and includes things like data analysis and a lot of things that enable customers to buy products and services through a self-service experience and there are: <\/p>\n\n\n\n
These are the most common types of digital commerce and there are:<\/p>\n\n\n\n
B2B(Business to business)<\/strong><\/p>\n\n\n\n This model is all about selling products and services to another business. The B2B business model generally has a longer sales cycle but has a higher order value and more constant purchases.<\/p>\n\n\n\n B2C(business to consumer)<\/strong><\/p>\n\n\n\n The business to consumers model is the selling of products from businesses directly to consumers. The decision-making process for this model is actually shorter than a business purchase, especially for lower-value items.<\/p>\n\n\n\n B2B2C(business to business to consumers)<\/strong><\/p>\n\n\n\n In the business to business to consumers model products or services are sold from the main company in partnership with another company and finally to a consumer.<\/p>\n\n\n\n B2G(Business to government)<\/strong><\/p>\n\n\n\n This is an e-commerce model where business organizations advertise and sell their products to public administrations. In this kind of model binding contracts are made. <\/p>\n\n\n\n C2C(Consumer to business)<\/strong><\/p>\n\n\n\n In this ecommerce model products and services are sold and rendered to companies by individuals or consumers. An example of a consumer-to-business is an Affiliate marketing service. This model helps consumers post their work and have businesses bid for opportunities.<\/p>\n\n\n\n D2C(Direct to consumers)<\/strong><\/p>\n\n\n\n This is a business organization that sells its products directly to its customers, without help from a third party.<\/p>\n\n\n\n C2C(Consumers to consumers)<\/strong><\/p>\n\n\n\n This e-commerce model helps a consumer connect to another consumer either face to face or online to exchange products and services with each other and make good money through listing fees or by charging transactions.<\/p>\n\n\n\n In summary, Digital commerce is the transaction of buying and selling products and services through the use of different digital channels such as mobile networks, and the Internet. Today, technology has made things easy for a lot of people. They can now buy and sell their products from one country to another through the use of electronic channels. With e-commerce people from different parts of the world are able to connect and make transactions without any form of hindrance. Commerce is no longer something we search for or make inquiries about, it has already blended into our daily lives and also shaped the lives we lead.<\/p>\n\n\n\nSummary<\/h2>\n\n\n\n
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