Ecommerce refers to commercial transactions conducted electronically, typically over the internet. It offers businesses opportunities to market and sell products to customers 24/7 through an online storefront. There are different types of ecommerce relationships, including business-to-business, business-to-consumer, and consumer-to-consumer. While ecommerce has advantages like low startup costs and international sales potential, it also faces disadvantages such as site crashes preventing purchases and an inability to try products before buying. Ecommerce accounts for trillions in annual sales globally and is predicted to nearly double in value by 2040.

1. Spencer Sarsgard

2. Definition
 Commercial transactions conducted electronically

3. Why is it Important
 Ecommerce offers business a range of opportunities,
from marketing opportunities to increasing your
products ranges to getting more sales and with an
enhanced and well developed website you can not only
achieve these goals but also offer your customers a
round the clock, convenient service, that can boost
your business.

4. Different Types
 Business-to-Business
 Business-to-Consumer
 Consumer-to-Consumer
 Consumer-to-Business
 Business-to-Administration
 Consumer-to-Administration

5. Benefits
 One of the ecommerce benefits is that it has
a lower startup cost. Physical retail stores have to pay
up to thousands of dollars to rent one of their store
locations.
 24/7 potential income
 Sell internationally
 Personalized online experience
 Affordable employees

6. Disadvantages
 No one can buy during a site crash
 Consumers cant try before they buy
 Customers can be impatient
 You need to find a way to ship your product

7. Stats
 Responsible for 2.3 trillion dollars in sales
 Accounts for ten percent of retail sales
 Sixty-Seven percent of millennials prefer ecommerce
 United states is the second largest ecommerce market
with three hundred forty billon

8. Predictions
 By 2021 ninety-five of purchases will be made online by
2040
 Sales are supposed to nearly double from 2.3 trillion to
4.5 trillion .
 In the U.S. alone, online shopping already accounts for
10% of retail sales and is expected to grow at a year-on-
year rate of 15%

9. Picture

10. Sources
 https://www.oberlo.com/blog/20-ecommerce-
advantages-and-disadvantages
 https://www.discoverydesign.co.uk/blog/post/5-
reasons-why-ecommerce-is-so-important-for-your-
business/
 https://powerdigitalmarketing.com/blog/why-is-e-
commerce-so-important/