eCommerce Business Write For Us
eCommerce Business is the activity of buying or selling products electronically in online services or on the Internet. Electronic commerce is based on mobile commerce, electronic payments, supply chain management, internet marketing, online transaction processing, electronic data interchange, inventory management, and automated data collection systems. Electronic commerce, in turn, is driven by technological advancements in the semiconductor industry and is the largest sector of the electronics industry.
E-commerce typically uses the web for at least part of a transaction’s lifecycle, but it can also use other technologies such as email. Typical e-commerce transactions are the purchase of products. for example, books on Amazon or services for example, downloads of music in the form of digital distribution like the iTunes Store. Therefore, are three areas of electronic commerce: electronic commerce, electronic marketplaces, and online auctions. Electronic commerce is supported by electronic business.
E-commerce businesses may also employ some or all of the following: Online shopping for retail sale directly to consumers via websites and mobile applications and conversational exchanges via live chat, chatbots, and voice assistants;
According to the economic model
The online industry is still immature. Technological change is constant, and the emerging online businesses meet the new needs.
Depending on how the income is generated or how the exchange between buyer and seller takes place, it can be divided into:
Online shop with your products: The first thing that comes to mind when it comes to e-commerce. The same features as a physical store but in an online version. Example: Bebitus.com
A priori, everything seems to be identical to typical e-commerce for the customer. The difference is that the seller does not send the product but a third party. And also, For more information, see our guide on Finding Drop shipping Suppliers.
Affiliate Ecommerce – Another step in the buying process is affiliated. In this case, not only does the store fail to ship the product, but the sale is not completed on its platform. Instead, it directs the customer to another store that pays you a commission when the deal is confirmed. And also, Affiliation to Amazon is very common. Example: Biodegradable.es. And also, If you are interested in these copies, check out this particular article on affiliate marketing and this one on out-of-stock selling.
This type of e-commerce looks for recurring purchases. You can do this with a periodic subscription weekly, monthly, bi-monthly, etc. And also, This type of membership is becoming increasingly popular with “surprise boxes.” It is a box that ships with products every month, for example, a monthly box of craft beers. Instead of selling the product just once, it offers the option to receive it at a specific frequency.
Market: A market is a store with boutiques. Therefore, It is a website where different sellers offer their products on one or more topics. Amazon is also an example of a market. Although this also works like regular e-commerce, anyone can sell on their platform for a hefty commission for Bezos.
Services – An eCommerce business doesn’t have to be all about selling items. Training, counseling, mentoring, or any exchange of time for money is a very viable way to start without risk.
As we’ve seen, advances in this industry are happening almost every day, which means new types of e-commerce are popping up all the time.
Advantages and disadvantages of creating an e-commerce
Why has e-commerce flooded the Internet and become the standard in such a short time?
In the first place, because the advantages over the traditional profession for life are very significant.
We see it.
More customers: Neither a local store nor a company based in multiple cities can reach the reach of e-commerce. The skill to buy and sell from anywhere in the world increases your audience and enables you to attract more customers.
No opening hours: E-commerce has no opening hours, while rarely shops or companies work 24 hours a day. The site is open to the public all day, and the customer can buy what he wants whenever he wants.
Cost reduction: The simple fact that a physical establishment is not required reduces costs compared to traditional commerce. And when e-commerce works by connecting suppliers and buyers, there are not even production costs.
More profit margin: The reduction of costs and the increase of the customer market allow to achieve a higher profit margin than with a traditional company even at lower prices. You sell more and make more money.
Scalability – This means that you can sell to one or a thousand people at a time. In an animal store, there is always a limit to the number of customers you can serve simultaneously; In e-commerce, the limit is set by your ability to attract visitors. Well, and your server.
Reading this, one might think that setting up e-commerce is the panacea, but it should also be noted that in e-commerce, not all things are beneficial.
Therefore, it is also helpful to analyze the challenges you will face at the beginning of your online adventure.
We wanted to call them challenges rather than cons or drawbacks not to create a distorted image.
Of course, as with anything in life, there are some downsides, but without them, starting an online business would be too easy and lose its allure.
Lack of trust: Although payment gateways are as secure or more secure than a physical store, many people still believe that the economic transaction is less particular. The result is mistrust. We will help you find a consequence with an SSL certificate HTTPS that encrypts the transmitted information and other seals transmitting this trust if necessary.
“Do not see or touch” a product or service: All buyers want to feel that they are making a good investment. One income to do this is to look at and touch the product with our own hands. This immaterial sentiment is lost in e-commerce. How to solve it? With very complete product sheets that include photographs, videos, and a very detailed description of the product.
The need for Internet access: obvious, but buying and selling require a ready-made device. At this point, the vast majority could, but in some areas where the target audience is more or less “tech-savvy,” this can be a problem.
Technical difficulties: Any type of business, whether online or offline, has unknown problems to solve. In electronic commerce, the technological part requires a minimum of technical knowledge, which not everyone has. The best way to reply is by delegating that part, although, of course, it has a cost.
Competition: the economic entry barrier to creating e-commerce is not as high as that of a physical store. That means more competition.
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