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

Marketing Fundas

4 Dec 202109:14

Summary

TLDRThis 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.

Outlines

00:00

📈 The Evolution of Commerce: A Historical Perspective

This paragraph delves into the history of commerce, highlighting the evolution from traditional methods to modern e-commerce. It begins with the early days of commerce involving electronic documentation and direct sales, which can be traced back to the 1970s. The speaker emphasizes the importance of understanding the history of any industry, including e-commerce, for those looking to establish themselves in the field. The paragraph also touches on the significant impact of companies like Amazon and eBay, which revolutionized the industry starting in the mid-1990s. The speaker mentions the challenges faced in the early days of online transactions, such as security concerns and the introduction of protocols to ensure safe online payments. The paragraph concludes with a mention of PayPal, which was introduced in 1998 and later acquired by eBay in 2002, marking a significant milestone in the development of secure online payment systems.

05:01

🌐 The Growth of Online Commerce and its Impact on Global Business

The second paragraph focuses on the growth of online commerce and its impact on global business practices. It discusses the challenges of online security and how the formation of the PCI Security Standards Council in 2004 helped standardize security measures for online transactions. The paragraph also highlights the rise of mobile commerce as a significant trend, with the increasing use of smartphones and mobile applications for shopping. The speaker emphasizes the importance of online platforms like Amazon and eBay, which have played a crucial role in shaping the e-commerce landscape. Additionally, the paragraph mentions the introduction of various online payment and security platforms, such as PayPal, which have made online transactions more accessible and secure. The speaker concludes by encouraging viewers to explore digital marketing and e-commerce as viable career paths, suggesting resources for further learning and growth in these fields.

Mindmap

Keywords

💡Commerce

Commerce refers to the activity of buying and selling goods and services, especially on a large scale. It is the main theme of the video, which discusses the history and evolution of commercial activities. The script mentions the beginning of commerce with electronic document exchanges and how it has transformed over the years into the e-commerce industry we know today.

💡E-commerce

E-commerce, short for electronic commerce, is the process of conducting business transactions electronically, typically over the internet. The video script discusses the rise of e-commerce, mentioning how companies like Amazon and eBay have revolutionized the way commerce is conducted globally.

💡Digital Marketing

Digital marketing refers to the use of digital channels to promote products or services. It is closely related to the video's theme as it is a key component of modern commerce. The script suggests that understanding digital marketing is essential for anyone looking to succeed in the commerce industry.

💡Electronic Document

An electronic document is a document that is created, stored, and shared in digital form. The script refers to the early days of commerce where electronic documents were used for transactions, marking the beginning of digital transactions in commerce.

💡Amazon

Amazon is mentioned in the script as a leading player in the e-commerce industry. It started in 1995 and has since become a global leader in online retail. The video emphasizes Amazon's impact on the commerce industry and how it has changed the way people shop.

💡Ebay

Ebay is another major e-commerce platform highlighted in the script. It is an online marketplace where people can buy and sell a broad range of goods and services. The video uses Ebay as an example of how e-commerce platforms have facilitated global trade.

💡Online Security

Online security refers to the measures taken to protect electronic data and systems from theft, damage, or unauthorized access. The script discusses the importance of online security in the context of e-commerce, mentioning how secure transactions have been a concern and how security protocols have evolved to address these concerns.

💡Payment Gateway

A payment gateway is a service that processes credit card payments for online purchases. The script mentions Paypal, which was introduced in 1998 and later acquired by eBay in 2002, as a world-renowned payment gateway that has played a significant role in facilitating online transactions and building trust in e-commerce.

💡Mobile Commerce

Mobile commerce, or m-commerce, refers to the buying and selling of goods and services through mobile devices such as smartphones and tablets. The video script highlights the growing trend of mobile commerce and how it is changing the landscape of e-commerce by making shopping more accessible and convenient through mobile devices.

💡E-Business

E-business, or electronic business, is the use of the internet to conduct business transactions. The script refers to e-business as a broad term that encompasses various aspects of commerce conducted online, including e-commerce, supply chain management, and customer service.

💡Marketplace

A marketplace in the context of e-commerce refers to an online platform where multiple sellers can list their products for buyers to browse and purchase. The script mentions Amazon and eBay as examples of marketplaces that have played a significant role in shaping the e-commerce industry.

Highlights

Introduction to the history of commerce and its evolution.

The beginning of commerce with the advent of electronic documents and direct marketing.

The significance of understanding the history of an industry for those looking to work in it.

The early form of electronic commerce starting in the 1970s with electronic document exchanges.

The transformation of commerce with the introduction of the internet and online sales.

The impact of companies like Amazon and eBay on the e-commerce industry.

The challenges of online transactions and the fear of security issues in the early days of e-commerce.

The introduction of secure online payment systems like PayPal and the increase in trust for online transactions.

The establishment of the PCI Security Standards Council in 2004 to regulate security standards for online payments.

The growth of online marketplaces and their role in the shift towards e-commerce.

The importance of mobile commerce and its rapid growth as a trend in the e-commerce industry.

The potential of e-commerce to empower individuals and businesses to sell products globally.

The availability and affordability of e-commerce platforms for users worldwide.

The future of commerce and how it continues to evolve with technology.

Encouragement for viewers to learn digital marketing to grow and sell products effectively.

Information on how to contact the company for digital marketing coaching and services.

The importance of staying updated with the latest trends in digital marketing and e-commerce.