How much do you know about E-Commerce

According to Wikipedia, Electronic commerce or E-Commerce is defined as buying and selling of products or services over electronic systems such as the Internet and other computer networks. For me, I just rather to say E-Commerce is a business whereby the entrepreneur is selling products or services over the Internet, typically thru a website which commonly known as online store. There are 3 major types of E-Commerce:

• Business to business (B2B)
• Business to consumer (B2C)
• Consumer to consumer (C2C)

More and more people kick start their E-Commerce as their main business or part-time business. E-Commerce is easy to start up with low investment as compared with brick and mortal business which easily can cost you about RM50,000.00 and above. A simple online store can be established less than RM5,000 and the yearly maintenance fee (usually used to pay for the web hosting fee and domain name renewal) only cost you about few hundreds. Brick and mortal business requires you to pay monthly rental of your shop to the land lord. Due to high investment and high maintenance fee to operate a brick and mortal business, will you consider to run your own online business?