Magento Overview - Magento

What is E-commerce?

E-commerce (electronic commerce) is a type of business that includes the economic transaction or shopping or promoting of goods and offerings through digital channels known as internet. It was first delivered in the year 1960 through EDI (electronic data Interchange) on VAN (value - added network). The use of E-trade, you may promote the physical products, selling of offerings (where the price is made online).

Following are the types of E-commerce:

  • B2B (business to business): This transaction is between companies, it is between wholesaler and retailer or between manufacturer and wholesaler.
  • B2C (business to consumer): This transaction is among business and consumer. in this kind, merchants sell products to consumer through shopping cart software.
  • C2C (client to consumer): on this sort of transaction one customer or purchaser interacts with different client through internet.
  • C2B (consumer to business): This transaction is between customer or customer and enterprise or corporations in which customer makes a product that the agency makes use of to finish business.

What is Magento?

Magento is open source E-trade software, created by Varien which is beneficial for online enterprise and it has the flexible modular structure. it is scalable and it has many control options that enable the person. Magento uses E-commerce platform which offers companies last E-trade solutions and massive assist network.

Magento permits consumer to update E-commerce website mechanically. It is easy, brief and flexible to apply.

History

Magento was developed by Varien Inc. and initially released on March 31, 2008.

Why to use Magento?

  • Magento is open source E-trade software.
  • It far scalable and offers small groups to construct commercial enterprise.
  • It provides the searching and sorting of products in several approaches.
  • Effortlessly integrates with most of the third-party websites that are needed to run effective E-commerce website.
  • Using this, customer can order or buy number of products. There aren't any limits on quantity of buying products.

Features

  • Magento provides different payment methods such as credit cards, PayPal, cheques, money order, Google checkouts.
  • It provides shipping of products in one order to the multiple addresses.
  • Easy to manage the orders by using admin panel.
  • It provides order of product status and history of product. It also supports e-mail and RSS feeds.
  • It supports for multiple languages, different countries’ currencies and tax rates.
  • It filters the products and displays in grid or list format.
  • It makes simple to browse the products. It has features such as image zoom-in and checking of stock availability.
  • It has built-in SEO (Search Engine Optimization).

Benefits

  • It is user friendly E-commerce software.
  • It is well suited with smartphone's, tablets and other cell devices.
  • It offers multiple payment options so each traveller could make price based on their desired payment gateway.
  • It has many extensions which help for the development of an online shop.

Disadvantages

  • Magento uses larger disk space and memory.
  • It takes much time to build the custom designed functionality.
  • It’s far very slow compared to other E-commerce websites.
  • It needs proper web hosting environment if the web hosting surroundings are unsuitable the person can face the issues.

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