{"id":2224,"date":"2024-01-31T19:49:30","date_gmt":"2024-01-31T19:49:30","guid":{"rendered":"https:\/\/designindc.com\/?p=2224"},"modified":"2024-01-31T19:49:30","modified_gmt":"2024-01-31T19:49:30","slug":"what-is-e-commerce-and-how-you-can-start-your-e-commerce-business-today","status":"publish","type":"post","link":"https:\/\/designindc.com\/blog\/what-is-e-commerce-and-how-you-can-start-your-e-commerce-business-today\/","title":{"rendered":"What is E-commerce, and how you can start your e-commerce business today?"},"content":{"rendered":"
Over the last decade, e-commerce, or \u201celectronic-commerce\u201d has surged as an avenue for startups, small businesses, and multinational corporations to sell to customers around the world. In 2024 E-commerce will share 20.8% of all retail markets and sales are expected to <\/span>surpass $8.1 trillion by 2026<\/span><\/a>.\u00a0<\/span><\/p>\n Through personal devices, consumers can access virtual marketplaces to explore and purchase products and services. Once an order is initiated, a complex digital interaction begins. The customer’s browser communicates with the e-commerce site’s server, transmitting order details. This information is then routed to an order management system. From there, it’s dispersed to various databases responsible for tracking inventory and processing payments through systems like PayPal or other banking systems. This intricate process verifies both the availability of the items and the customer’s ability to pay, ensuring a seamless transaction.<\/span><\/p>\n Phew! Now that we got the technical side out of the way, it’s time to learn how e-commerce can apply to your business.<\/span><\/p>\n E-commerce websites serve as digital storefronts in the online marketplace, bridging the gap between buyers and sellers. Like physical shelves, these virtual platforms are where <\/span>products are displayed<\/span><\/a>. It is almost as if your customers are visiting the store. Your website should function not only as the showcase for goods but also as the salesperson at the end of the transaction endpoint, and most companies have a strategy that allows them to <\/span>drive sales through their checkout page<\/span><\/a>.\u00a0<\/span><\/p>\n <\/p>\n E-commerce comes in many different shapes and sizes. Depending on your specific business needs, one business model may work better than the other. We laid out 8 common e-commerce business models.<\/span><\/p>\n There are many business models when it comes to e-commerce, so make sure you are strategic in choosing the one (or few) that suit your business needs.\u00a0<\/span><\/p>\n Like with business models, there are also different types of e-commerce platforms.\u00a0<\/span><\/p>\n These platforms can be broadly categorized into 4 types, each with its unique features, benefits, and challenges.\u00a0<\/span><\/p>\n Almost there! But, you need to consider a few more things before starting your e-commerce business. Here are some advantages and disadvantages of e-commerce as a business.\u00a0<\/span><\/p>\n E-commerce offers a range of advantages for both businesses and consumers, making it an increasingly popular sales method. Understanding these benefits can help determine if e-commerce aligns with your business goals and audience. Here are 5 key advantages:<\/span><\/p>\n <\/p>\n E-commerce, despite its numerous advantages, also presents several challenges that businesses should be aware of. It is crucial to understand these challenges if you are considering or currently running an e-commerce business. Let’s dive into 5 of these challenges:<\/span><\/p>\nSo how does it work?\u00a0<\/span><\/h2>\n
E-commerce websites\u00a0<\/span><\/h2>\n
E-commerce businesses models<\/span><\/h2>\n
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E-commerce platforms (benefits and challenges)<\/span><\/h2>\n
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Advantages of E-commerce<\/span><\/h2>\n
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Disadvantages of E-commerce<\/span><\/h2>\n
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