History of Ecommerce in Hindi | Origin and Need of E Commerce | E-Commerce Complete Course

Summary

This video delves into the history of commerce, exploring its evolution from early electronic document exchanges to today's e-commerce industry. It highlights the significant impact of companies like Amazon and eBay, which revolutionized online sales since the mid-90s. The video also addresses the initial fears surrounding online transactions and how security protocols and companies like PayPal have since alleviated these concerns. It discusses the rise of mobile commerce and its current trend, emphasizing the importance of adapting to this platform for business growth. The host encourages viewers to learn more about digital marketing and commerce through their channel, offering resources for those interested in the field.

Takeaways

• 😀 The video discusses the history of commerce, starting with the early days of electronic document exchanges and evolving into today's e-commerce industry.
• 🎓 The speaker emphasizes the importance of understanding the history of commerce for those looking to work in the industry, especially in digital marketing.
• 📈 The history of commerce is traced back to the 1970s with the advent of electronic documents and the arrangement of scales for meetings and event sensing.
• 🛒 The rise of e-commerce is marked by the launch of major platforms like Amazon and eBay, which revolutionized the way businesses operate and sell products online.
• 💼 The video highlights the challenges faced in the early days of online commerce, such as securing online transactions and gaining consumer trust.
• 🔐 The introduction of security protocols and the establishment of organizations like PCI (Payment Card Industry) have played a crucial role in enhancing the security and trust in online transactions.
• 🌐 The growth of mobile commerce is identified as a significant trend, with more and more people shopping through their smartphones, indicating a shift in consumer behavior.
• 📊 The video mentions the success stories of companies that have leveraged e-commerce platforms to sell their products worldwide, showcasing the global reach of online commerce.
• 💡 The speaker suggests that understanding the history and evolution of commerce can help businesses grow by adopting e-commerce strategies and utilizing digital marketing services.
• 📞 For those interested in digital marketing coaching or services, the video provides contact information and encourages viewers to reach out for more information.

Q & A

What is the main topic of the video script?

The main topic of the video script is the history of commerce, particularly focusing on the development of e-commerce and its evolution over time.

When did the concept of e-commerce begin to emerge?

The concept of e-commerce began to emerge in the 1970s, particularly around 1978 when electronic document exchange was first used to arrange sales and meetings.

Which companies are mentioned as key players in the rise of e-commerce?

Amazon and eBay are mentioned as key players in the rise of e-commerce, both of which began operations in 1995.

When did Amazon first become profitable?

Amazon first became profitable in 2003, despite starting its operations in 1995.

What were some early challenges faced by online commerce?

Some early challenges faced by online commerce included concerns about the security of online transactions, particularly fears of online fraud.

Which company is noted for crossing $1 million in online sales first?

Dell.com is noted for being the first company to cross $1 million in online sales in 1997.

What role did PayPal play in the development of online payments?

PayPal, introduced in 1998 and later acquired by eBay in 2002, became one of the most popular and reliable online payment companies, significantly contributing to the trust and security of online transactions.

What is PCI and why was it formed?

The Payment Card Industry Security Standards Council (PCI) was formed in 2004 to regulate business compliance regarding security and requirements in online transactions, thereby increasing consumer trust in online payments.

How has mobile commerce (m-commerce) impacted the e-commerce industry?

Mobile commerce (m-commerce) has become a significant trend, with people increasingly using their mobile devices for shopping, which has further accelerated the growth of the e-commerce industry.

What resources does the video script offer for learning more about digital marketing?

The video script offers resources such as digital marketing coaching, services, and a website (marketingfunda.com) where viewers can learn more about digital marketing. It also suggests following their social media channels for updates.