Hey, You are thinking to start an E-Commerce Business, that’s good.
What you think it is hard. No, It’s Not, I will give you a very simple solution for your Business.
As an E-commerce business, you can sell your products online with the people who created a place in the world of E-commerce.
E-commerce refers to the sale and purchase of goods or services with electronic channels such as the internet.
According to Wikipedia, “E-commerce is the activity of buying or selling of products on online services or over the Internet.”
Types of E-Commerce Business
‘Most Importantly’ The e-commerce business model can be divided into six main types, such as:
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
- Consumer-to-Consumer (C2C)
- Consumer-to-Business (C2B)
- Business-to-Administration (B2A)
- Consumer-to-Administration (C2A)
This type of e-commerce includes all electronic transactions and transactions related to goods and services. These are basically arranged between companies and include growers dealing with traditional wholesalers and retailers.
Businesses that sell their products or services directly to the consumer. This is a common type and there are thousands of examples of clothing, footwear, or electronics stores.
Businesses that facilitate the sale of products among consumers The most obvious example is eBay, Amazon, Flipkart, or any other handheld website.
Sites where consumers bid for products or services and businesses. We are talking about traditional websites for freelancers, twigs, or anyone else like freelancers.
The main objective of e-commerce B2A and C2A types is to increase flexibility, efficiency, and transparency in public administration.
What are the challenges of e-business?
Before some days ago, you can just sell anything and earn crazy money. The competition was low, the technology was not as economical as it is now and limited access to the product.
Now, This is not so easy, Amazon, Flipkart with Walmart is a major competitor to everyone, And technology is now affordable.
Here are the most common challenges faced by eCommerce businesses of all sizes.
- Finding the right products to sell
- Attracting the perfect customer
- Generating targeted traffic
- Converting shoppers into paying customers
- Retaining customers
- Choosing the right technology & partners
Advantages and disadvantages of an E-Commerce Business
E-commerce business has flooded the internet and has become such a standard?
Because the benefits of e-commerce are really powerful compared to traditional commerce.
Advantages of an e-commerce
1. Huge client Base:
There is no local store or company with enough offices in different cities compared with the reach of e-commerce.
The possibility of sales and purchase from any part of the world extends to targeted people and allows the company to get more customers.
2. No problem with time schedule:
E-commerce does not run on schedule, Websites are open all day and customers can buy whatever they want. which is open 24/7.
A physical shop does not need to reduce the cost of running traditional businesses.
Also, when e-commerce brings together suppliers together with consumers, the production cost is not even there.
4. High profitable:
As I mention it is cost-effective and has a huge client base mean that, even with lower prices, a larger profit margin can be obtained than a conventional profit. More products are sold and more money is made. so it is highly profitable.
As you read the benefits of e-commerce, you can think of starting e-commerce but before that,
you should read about some of the losses of the e-commerce business.
Disadvantages of an e-commerce
Yes, there are some disadvantage too, as every coin have a flip side,
1. Hard to make trust:
Most of the time people feel insecure about the online payment gateway,
Although the payment platforms have developed at the point of being secure as any physical business, or even more.
2. Lack of touch experience
It does not matter how well the video is made, consumers can not still touch and feel the product.
Not to mention, it is not an easy task to give a brand experience,
which would often include the sense of touch, smell, taste, and sound, through the two-dimensionality of a screen.
3. Need For Internet Access
It is very clear, but do not forget that your customers need internet access before you buy it!
Since many e-commerce platforms have such features and functionality, for optimal customer experience, high-speed Internet access is required,
so there is a chance that you are excluding visitors who have slow connections.
You can read more about:
How to create an E-commerce?
Well, now you know what it is and you have a general idea about professionals and the opposition, see how to get started. For the best guide to start an e-commerce read :
What is E-Commerce Solutions?
E-commerce solutions are products and services that help the company to do business electronically.
The range of available e-commerce solutions is huge, in which traditional businesses are allowed to design, create, and operate World Wide Web sites. Some solutions focus on a specific problem.
E-commerce solution providers:
Commerce services providers (CSP) supply businesses with application tools designed to help them sell their services and products online.
We present to you Most Promising E-commerce Solution Providers.
Adrecom offers advanced e-commerce solutions that deliver better sales tools and a simplified check-out method.
Provider of a leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses.
Solidify offers cloud-based customized software, including e-commerce and Configure-Price-Quote solutions.
A software and services firm that provides cloud-based enterprise e-commerce solutions and fulfillment services.
Develops e-commerce software and e-commerce platform solutions for customers.
Provider of Commerce-as-a-Service (CaaS) solutions.
Elastic Path Software:
Develops the world’s most sophisticated API-based enterprise e-commerce platform.
Provides global subscription billing solutions that help companies build long-term customer relationships and grow recurring revenue streams.
It offers a robust, flexible e-commerce platform that allows us to launch, promote, manage, and scale a successful online store.
For more solution provider you can visit Encyclopedia.com article
Now, we are at the end of our article, We discussed with you about E-commerce Types, Their Advantage, and disadvantage,
We told the best way to create an E-commerce store,
We also told you about types of eCommerce.
Still, It is possible that you now have thousands of questions. Do not worry – this is normal. Analyze your business idea and if you decide to go for it, then establish an action plan.
What are some important factors for your e-commerce business success?