Are you thilking about starting a business and selling products online? If so, you will join the E-Commerce world with millions of business people around the world. E-commerce allows you to buy and sell products on a global scale, 24 hours a day, something traditional stores can not do.
E commerce was first known in the 1960s through electronic data exchange on value-added networks. Just like any digital technology or consumer-based purchase market, e commerce has evolved over the years. As mobile devices became more popular, along with the proliferation of sites like Facebook, Pinterest, social media became an important driver of E-Commerce.
E-commerce has grown and become increasingly popular in recent years, there are many reasons why this is happening. As the internet becomes so deeply ingrained in our daily lives and habits. There are four main types of e-commerce models that can describe almost every transaction that takes place between consumers and businesses.
Starting an ecommerce business has never been this easy. Platforms like Shopify and WooC Commerce allow even less tech-savvy individuals to easily set up an online store to start an online business. E-commerce does not have this limit. In fact, you can sell it to anyone, anywhere in the world through an online ecommerce business.
E-commerce business owners are not tied to any one location when running their businesses. As long as you have a laptop and an internet connection, you can run your business everywhere. Traditional stores usually limit the opening of each day. E-commerce is open 24 hours a day, seven days a week, 365 days a year. This is extremely convenient for customers and is a great opportunity for merchants.
E-commerce businesses have lower costs than traditional businesses. You do not have to pay for rent, do not need too many employees to hire and very little operating costs. This gives an e-commerce business with a competitive advantage in price and the opportunity to increase market share significantly.