The Meaning of it
E- Commerce, the short form of Electronic Commerce is the means of online buying, selling and trading. In online when the sellers present their products, services and information for customers’ choosing and buying and the customers purchase those products, services and information and pay online, there happens an online business and this is called E-Commerce.
The birth of e- commerce
The two technologies Electronic Data Interchange(EDI) and Electronic Funds Transfer (EFT) paved the way of e- commerce in 1970’s paving the way of exchanging information and executing electronic transaction among businesses. The successful beginning of e commerce started with the e- commerce pioneers eBay and Amazon which were inaugurated in 1994. Since it was a new concept in the planet, it took many years of continuous hardship and efforts and after almost 10 years Amazon.Com found its business profit in 2003. Now including the world largest economic countries like United States, Canada, France, Germany, Japan, and China E-commerce have got immense popularity all over the globe.
Need of E-Commerce in Bangladesh
The selling and purchasing is an aged old activity of human being. Since the beginning of these activities the process the people adopt for selling and buying goods has been changed time to time. Today’s world is busier than the previous. So people do not have enough time to choose and buy good visiting the market physically. Ecommerce has strongly differentiated between conventional and electronic commerce. It has proved its faster, cheaper and more convenient aspects compared to prevailing system of bartering products and services. E- Commerce though it has some disadvantages has made our life more comfortable in the sense of:
● saving time for both sellers and purchaser
● searching the exact items that the purchasers want
● Selling products and get profit only presence online
● tracking the customers’ presence and their individualized marketing
● Not showing the goods physically
E commerce is a childlike in Bangladesh but it is increasing and developing in all section of businesses in the country very rapidly.
Classification of E-Commerce
When handover and transaction of goods and money is done online, it takes shape many kinds of E-Commerce. B2B (Business to Business Ecommerce), B2C (Business to Consumer) Amazon.com mostly does this kind of business, C2B (Consumer to Business) and C2C (Consumer to Consumer). In the field of C2C eBay is considered to be the platform. Besides including Electronic Data Interchange (EDI) any kind of business or commercial transaction that is done through the use of information across the Internet. It may be wholesale based or retail based or auction based
What to get through E-Commerce
In Bangladesh Physical goods such as car, home appliances, books, electronics; digital products such as utility software, games, multimedia items, eBooks, information ; services such as ticketing and insurance all are available in E-Commerce.
E commerce in Bangladesh
Bangladesh is a developing country and its all sectors are also developing with the passage of time. Before writing about the future of e commerce in Bangladesh, the present situation of e commerce in Bangladesh should be known. The expanding of e commerce in the country is closely related to the expanding of internet use. At present 6.5 million people are using internet, 100 million people mobile services and mobile banking services have reached to 15 to 20% people of Bangladesh. Each and every day 100 core transaction is done through mobile banking. It is positive news to us that we have now more that 2500 e commerce site in Bangladesh.
It is expected that by next 3-5 years our internet users will be 8 million to 10 million. In Digital Bangladesh according to Prime Minister now people are increasingly using net banking, mobile banking, ATM services etc.
So it is clear to us that E commerce in Bangladesh has bright future. It needs creating overall awareness among the people and assessing and opening new arena of e commerce market, giving the customers more satisfaction by covering delivery costs and customer acquisition costs.
However the market runners have to have prudence in decision making regarding e commerce business here in Bangladesh. Thus the sector will see the pinnacle success in near future.
Online flexiload is the easiest, time saving and secure flexiload system in Bangladesh. There are many differences between recharging from recharge agent set up here and there and from Online Flexiload. To recharge from recharge agent one has to physically go to the market and then the recharge agent will take money and write down the phone number. On the other hand you do not have to go to anywhere else. You can just recharge by clicking on particular site. To recharge from agent you have to give cash money that you may not have. In this situation you can easily recharge from Online Flexiload using you credit card. Beside this there are many difference considering sincerity of the agent to recharge quickly, accuracy of typing the numbers correctly, urgency of recharge and so on.
Like recharging from agent recharging from scratch card is deferent from online Flexiload because it also kills our valuable time, energy and we need to go to the market.
In Bangladesh there are many online flexiload sites. Besides anyone can open a website and can recharge his/ her mobile phone or gift recharge his relatives’ mobile phone. It is the easiest system because people can easily recharge. No mistake can be happened since the person himself is typing his/ her mobile phone number. A relative from a remote place may need flexiload at night when it is 1.00 p.m. At the time it will almost be impossible for him to recharge his phone. He may fall in trouble acutely. If he has a relative who can recharge from Online flexiload and informed it to that person, that problem will be solved in a few seconds.
Online flexiload also saves our valuable time and keep our working continuous. If a person spends 5 to 10 minutes per day for recharging from recharge agent, he loses many days and years from his life time. Besides recharging from outside certainly hampers our personal or official activities. So only online flexiload can be the only solution to solve such kind of problems. That is why online flexiload is getting popularity day by day.
Online flexiload is the most secure recharging method in the country and aboard. Small or big amount can securely be recharged at any time and any place without waiting for recharge operator. Online flexiload system prevents mobile phone number unauthorized using. Some people mistake in typing and some operators mistakenly sends recharge amount to the wrong numbers. So the both customer and operator fall in problem and lose the amount. Online Flexiload is in this case considered the most secure method used by ever increasing users.
In our country there are many recharge agents but most of them are kept open for a fixed time. It may be from late morning to late night. But a person may need mobile recharge at a time when every agent’s shop is closed. At this situation online flexiload system can give us comfort and help intensively. So the system is being used abundantly.
Online flexiload is operated by some tele communication companies in our country. Grameenphone, Robi, Banglalink, Airtel, Citycell, and state owned Teletalk. After getting registered any one can use any of the company’s recharge service sitting in own room and any time even when you are so busy with jobs.