Well everyone knows about eCommerce websites but fewer know about their history and their emerging value in today’s world. Most importantly, how does it works? This article will explain all the above queries.
Have you ever shopped online? For this, you must have bought goods from a website like Flipkart or amazon.
You will be happy to know that whenever you did an online transaction, you also became a part of e-commerce. So let’s know what e-commerce is and how it is making our life easier.
E-commerce Means buying or selling any product or service online.
E-commerce is also called E-Business. The stores that sell products online are called e-commerce stores such as Amazon, Flipkart T Alibaba. In this article, we will know about the history of E-commerce, its platform, its types, and the future of E-commerce.
E-COMMERCE HISTORY
E-Commerce was started in 1979 by Michael Aldrich. He connected his TV to a computer with the help of a telephone line. This does not sound like e-commerce, but the idea of online shopping started without going to shop.
Back then, the common man did not have computers, Bill Gates and Steve Jobs took computers to the common people. Bill Gates also said that he wants to see computers in every house. E-commerce cannot be done without a computer.
Then in 1994, Jeff Bezos started the first e-commerce store Amazon. Amazon sold 10 lakh books online in the first year itself, and slowly Amazon became the most popular e-commerce store, where now everything is sold. After 1995, people started using computers, companies used to check for payment initially.
Then there were no other means of payment. Then PayPal came in 1998 which made it easy to make online payments. In 2002, IRCTC started E-COMMERCE in India. At IRCTC we can book train tickets online. When online train tickets started being booked.
Then people did not have to be in line for hours. This was the puzzle time when the concept of online booking in India came out.
In 2003, AIRPLANE’s TICKET also started being booked online, after IRCTC Airlines also started the online booking option. Then slowly all the airline companies started online booking. People’s money was also saved from this, which they had to give to the middle agent.
Today you can do online booking of all things from websites like Bookmyshow and yatra, movie tickets, hotel booking, or travel.
ABOUT THE AUTHOR: Abhinav Sharma Singh
