E-commerce refers to online trade between merchants located in different countries and jurisdictions. There are three main types: business to consumer, business to business, and consumer to consumer. E-commerce provides benefits like international expansion to sell products globally, increased revenue through higher demand, and improved brand awareness. It also allows merchants to sell low-demand domestic products internationally. To engage in e-commerce, businesses need websites, shopping carts, SSL certificates, payment gateways, merchant accounts, and bank accounts. Developing cross-border e-commerce in Bangladesh could increase exports three times by providing quality, original products to the growing global demand.

1. E-commerce
Future of e-commerce in Bangladesh

2. Definition:
Can refer to online trade between merchants, located in other countries
and jurisdictions.
Business and consumer (B2C). (retailer or brand)
Two businesses(B2B). (brands or wholesalers)
Two private persons (C2C).
For Example Amazon or eBay

3. Benefits
 International Expansion: Opportunity for Selling products internationally. the sellers
set the foot on international sales without any geographical limitations.
 Increased Revenue: Higher demand for the product results in higher revenue. Once
the sellers start to trade in the international market, they gain recognition and amplify
their sales by establishing integrity with their target audience.
 Brand Awareness: Offering products that fit the needs and requirements of the
customers are proportional to the awareness of your brand. Target Audience prefers
validation over preference, hence initiating products that bend with the changing
trends of the products results in better brand awareness.

4. Benefits
 Maximizes Selling of Low Demand Domestic E-commerce Products: allows
merchants to seize every opportunity to sell their product in the international
market that has low value and recognition in the domestic market.
 Increased Access to End Customers: By reducing the end selling price, you will
be able to attract more customers in the international market who have
traditionally been controlled by distributors earlier. In this way, you will be able to
drive higher sales and have a greater share of the profit margin.
 Builds a Good Customer Relationship: Genuine and good quality product
offered at the affordable and competitive price will facilitate the customers
shopping with your brand frequently.

5. How it works?
There are six steps in e-commerce:
 Websites: Ecommerce websites are online portals that facilitate online transactions
of goods and services through means of the transfer of information and funds over
the Internet.
 Shopping cart: A shopping cart on an online retailer's site is a piece of software
that facilitates the purchase of a product or service. It accepts the customer's
payment and organizes the distribution of that information to the merchant,
payment processor and other parties.

6. six steps in e-commerce:
 SSL Certificate :An SSL Certificate (Secure Sockets Layer), also called a Digital
Certificate, creates a secure link between a website and a visitor's browser. ... If you sell
products or services on your website and accept credit cards online, you need an SSL
Certificate for website security.
 Payment Gateway: A payment gateway is a merchant service provided by an e-
commerce application service provider that authorizes credit card or direct payments
processing for e-businesses, online retailers, bricks and clicks, or traditional brick and
mortar.

7. six steps in e-commerce:
Merchant account :A merchant account is a type of bank account that allows businesses
to accept payments by debit or credit cards. So a merchant account is an agreement
between a retailer, a merchant bank and payment processor for the settlement of credit
card and/or debit card transactions.
Bank account: A bank account is an arrangement with a bank which allows you to keep
your money in the bank and to take some out when you need it.

8. E-commerce Applications
 Online Shopping
 Online Marketing
 Pretailing
 Group Buying
 E-payment
 Digital Distribution

9. Recommendation
Developed cross border e-commerce in Bangladesh, We need:
 Quality & Originality
 Can increase over all exports 3times
Tody demand is global and so e-commerce. Cross border ecommerce growing so first
that it will become a trillions dollar industry by 2021.