Learn about the basics of eCommerce, including how to choose the right platform for your business, what features to look for, and how to choose the right product to sell online.
What is eCommerce
eCommerce is a type of retailing in which customers can purchase items or services over the internet, in a store, or by phone. It is a business model that consists of selling goods and services from one company to another.
In recent years, the eCommerce industry has been booming due to the rising trend in online shopping. In fact, it is estimated that by 2020 eCommerce will account for 50% of all retail sales volume worldwide.
Why Selling Online is Awesome
The four main reasons that selling online is great are:
1) It’s the easiest way to sell products.
2) You can reach an international audience.
3) There are no boundaries to what you can sell.
4) It’s the best type of product (productivity-wise).
The first reason that selling online is great also it’s the easiest way to sell products. This happens because there are no upfront costs, and people can buy your products without ever having seen them in person before. The second reason why selling online is great is because you can reach an international audience.
This means that you don’t have to worry about losing potential customers who might not be within driving distance or who don’t speak your native language – they’re all able to buy your product.
Choosing the Right eCommerce Platform
Choosing the right e-commerce platform is a process that should be well thought through. The selection of the wrong platform could lead to significant losses. A number of factors need to be considered before choosing an e-commerce platform. These include:
- Type of business you have.
- Size and complexity of your business.
- Skillset and where you want to go with your company in the future.
- Budget constraints.
- The type of e-commerce site you want.
Choosing the right e-commerce platform can be a challenging endeavor for any e-commerce entrepreneur. Companies such as Amazon and Alibaba have made it easier than ever to reach a global audience by selling on their platform. This is great for those who want their business to grow.