In this day and age, people don’t wait in a long queue to just purchase an article. In any case, conventional commerce is still in trend; however every next individual uses the most recent method of exchanging i.e. m-commerce and e-commerce. E-commerce and M-commerce allude to the field of advertising, selling, buying, servicing and distributing various items through transactions on internet with the utilization of different devices and computers. The former alludes to the purchasing and selling of items and services with the utilization of electronic frameworks, for example, internet. The later is an expansion over the previous, where commercial activities are directed, with the help of telecommunication devices. Traditional or conventional commerce includes the process of exchanging of goods and products in exchange of money directly.

E-commerce

Electronic commerce (e-commerce) is a sort of trade in which exchanging of item or services occurs through utilizing a PC network such as internet. It depends on other electronic trade technologies, for example, electronic fund transfer, mobile commerce, internet marketing, and supply chain management, electronic data interchange (EDI), internet marketing, automated data collection networks and online transaction processing. Current e-commerce ordinarily utilizes WWW for no less than one part of transaction’s life cycle. These sites of e-commerce are utilized for online shopping, giving orders at online commercial centres, business-to-business purchasing and selling place and taking part in propelling new services and items.

M-commerce

Mobile commerce (m-commerce) signifies “the delivery of electronic commerce capabilities specifically into the consumer’s hand, anywhere, with help of wireless technology.” It is viewed as ‘a retail outlet in your client’s pocket’. As of now, Asia is driving in the m-commerce that means half of the aggregate m-commerce market which is more than 230 billion dollars. In m-commerce, shopping is done by means of cell phones. Different fields i.e. banking, today’s eBooks, travelling, pharmacy, foods, and so forth are utilizing this place for economic transactions. It was initially dispatched by Kevin Duffey in 1997 at the platform of Global Mobile Commerce Forum. The very first instalment in m-commerce was acknowledged by means of SMS.

Traditional commerce

Traditional commerce includes the act of exchange of goods and services in lieu of money. It includes face-to-face personal interaction of the seller and customer. Traditional commerce began millions of years ago with the barter system in which people exchanged goods in lieu of goods. Slowly, the concept of money came forward and traditional commerce also evolved. With the evolution, traditional commerce has given way to e-commerce and m-commerce and takes the help of both in advertising and marketing.

E-commerce vs. M-commerce vs. Traditional commerce

In this article we will find some contrasts between e-commerce, m-commerce and traditional commerce.

Stands for

E-commerce stands for electronic commerce.

M-commerce stands for mobile commerce.

Meaning

Any sort of commercial transaction that is finished up, over the web utilizing electronic system is called as e-commerce.

M-commerce alludes to different commercial activities which are executed with the assistance of wireless devices, for example, cell phones.

Traditional commerce means exchange of goods and services in lieu of money. It involves personal interaction of seller and buyer.

Devices

The devices used for e-commerce includes laptops and computers.

However, the devices used for m-commerce includes cell phones, tablets, iPods, PDA’s etc.

Introduced

E-commerce was introduced in era of 1970’s as it is older concept as compared to m-commerce.

M-commerce was introduced in era of 1990’s and it is a new concept as compared to e-commerce.

Traditional commerce started with the beginning of barter system. In barter system, people used to exchange goods in lieu of goods.

Internet

In e-commerce, usage of internet is compulsory as without using internet, transaction can’t be done.

In m-commerce, usage of internet is not mandatory.

In traditional commerce, use of internet, computers and mobiles is not mandatory.

Portability

E-commerce devices are not very portable as it is difficult to carry devices everywhere and complete different transactions.

M-commerce devices are very portable. It is easy to carry devices where we want to complete different activities.

Traditional commerce activities are not portable. For instance, a seller can’t pick up all goods in his shop and sell at different places. His shop is fixed. The customers need to come to the shop and buy things according to their need.

Connectivity

E-commerce devices are not so portable that’s why their connectivity is very small. These devices can be used only at the places where internet and electricity is available.

M-commerce devices are portable that’s why there connectivity is more than e-commerce. That means availability of internet and electricity is not compulsory for the usage of devices.

Charged

E-commerce is charged with the help of credit cards by swiping these cards in machines.

Whereas, m-commerce is charged with the help of mobile banking, caller’s rate and deducting charges from user’s credit.

Traditional commerce charges money in the form of prevailing currency in the economy.

Conclusion

From above article we come to know that e-commerce stands for electronic commerce and it means any sort of commercial transaction that is finished up over the web utilizing electronic system; while m-commerce stands for mobile commerce and it alludes to different commercial activities which are executed with the assistance of wireless devices, for example, cell phones. The concept of e-commerce was introduced in 1970’s and computers and laptops were used for transactions but the concept of m-commerce was introduced in 1990’s and mobile phones, tablets were used. E-commerce devices are not as portable as compared to m-commerce. Connectivity of m-commerce is more than e-commerce and it is charged through mobile banking etc whereas e-commerce is charged by swiping credit cards. Traditional commerce is the beginning of all commerce. It is still useful in the era of e-commerce and m-commerce. Its presence can never be fully eliminated from the society.Which is better in your opinion?