eCommerce

17th May 2021

eCommerce_Profitable Online Business Model

 eCommerce Opportunity

With the ongoing Pandemic phenomenon, retailers and business owners are moving online faster than ever before. With ecommerce, there are multiple business models you can go as enumerated in the eCommerce Business types.

     eCommerce Business Types:

    About eCommerce Business

    eCommerce (Online) Business Model

    E-commerce is short for Electronic Commerce. In a nutshell, eCommerce is buying and selling of products or online services through online transaction or over the internet. It can be a quick and easy way to do business.

    It is also easy to start an eCommerce business compared to brick and mortar businesses.

    E-commerce businesses may also employ some or all of the followings:

    • Online shopping for retail sales direct to consumers via Web sites and mobile apps, and conversational commerce via live chat, chatbots, and voice assistantsc
    • Providing or participating in online marketplaces, which process third-party business-to-consumer (B2C) or consumer-to-consumer (C2C) sales
    • Business-to-business (B2B) buying and selling;
    • Gathering and using demographic data through web contacts and social mediac
    • Business-to-business (B2B) electronic data interchange
    • Marketing to prospective and established customers by e-mail or fax (for example, with newsletters)
    • Engaging in pretail for launching new products and services
    • Online financial exchanges for currency exchanges or trading purposes.

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