Ecommerce has evolved in many ways from the time it began, and it’s changing the way we live, shop and do businesses online.
Presenting a big opportunity for entrepreneurs to set up shop and start selling with no physical carpet area required. Here’s what you need to know about this type of business on the internet.
How it all became so popular and so vast?
Selling products and services over the internet took on new importance during the COVID-19 pandemic, as business owners and consumers had no choice but to embrace e-commerce and it’s potential. That shift is definitely here to stay, presenting opportunities for small business owners to thrive online. But before you set up your internet shop, you have to understand how it all works.
Let’s dive into the basics…
What is e-commerce?
E-commerce is the process of selling goods and services over the digital platform – the internet. Customers come to the website or online marketplace and purchase products using electronic payments. And lastly, upon receiving the money, the merchant ships the goods or provides the service as requested for.
It’s not surprising… With few other options, consumers got used to buying everything from food to furniture to services to products from online platforms.
We’re certainly seeing several studies that show consumers are going to keep their new habits, and this is becoming the new normal.
Did you know!
E-commerce exploded during the COVID-19 pandemic, and the new online shopping habits aren’t going away easily from people, which means opportunities abound for small businesses to launch e-commerce websites is high.
How does e-commerce work?
Whether you’re selling running shoes or home supplies, you go through the same process when operating an e-commerce website:
- Accept the order
- Process the order
- Ship the order
Key takeaway!
E-commerce transactions are similar to physical retail transactions in that customers come into your store, shop for products and check out. The difference is that it is done digitally, and you have to ship the items to your customers.
Wish to start an online platform for your goods and services, feel free to connect to our sales team and get started with your dream project setup with all our expertise and experience.
FINAL THOUGHTS…
Hope you enjoyed today’s article …
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