E-Commerce Business and its Steps and Tricks

In simple words ecommerce is the activity of electronically buying or selling of products through the internet.

It is the purchase and sales of goods and services through online, so the entire process of running a company online.

We can see that over the past years online shopping is just one of many areas that have seen extensive growth.

It’s a great opportunity for many entrepreneurs who like to digitize their business and get members of customers from all around the world.

Four types of ecommerce business

The ecommerce business can sub categories in to four main categories,

· B2B ( Business to Business )

· B2C (Business to Customer )

· C2C (Customer to Customer)

· C2B (Customer to Business )

B2B (Business to Business)

A business that sells its products or service to another business is the B2B.Sometimes the buyers are the end user or the buyers resell it in to other customers. B2B transitions generally have a longer sales cycle and need more purchases. Instead of receiving orders in the traditional way purchasing are carried out digitally.

B2C (Business to Customer)

B2B provides a online version of traditional retail stores here the customers no need to walk in to a store to make his purchase, the customer can simply purchase it from the online. It makes the purchasing, ordering and selling of products easily and less time consuming. You can lunch your business site on skartio.com or shopify.com etc.

C2C (Customer to Customer)

It’s a business model that facilities the transaction of goods and service between the customers. So the transaction will be between the individuals. The customer can easily locate the product and avoid the hidden commission charges of that product. By these benefits the customer to customer ecommerce is one of the easiest methods to buy and sell their products.

C2B (Customer to Business)

Here customers are the individuals who sell their products to the business marketplace. C2B ecommerce is commonly known as the consumer-to-business. This is a complete reversal of the traditional model of B2C, with those who would be the normal end-users who create product and services.

8 Steps to start an E-Commerce

Before starting an ecommerce business we must clear about the goals, needs of your business. The following steps are important steps we need to know before you start an ecommerce business.

1. Do a detail study about the ecommerce space and find your space.

2. Decide your business structure and know about the legal issues you want to clear.

3. Apply for EIN(Employer identification number)

4. Create your website.

5. Promote your product.

6. Connect with a payment provider.

7. Designing of site and list the product.

8. Start to market your ecommerce business.

Tips and Tricks to improve your E-Commerce business

1. Use simple methods or ways to start.

2. Use multiple channels.

3. Invest in visuals.

4. Put focus on the user.

5. Keep in touch with the customer.

6. Work closely with the social Medias.

7. Increase the mobile response.

8. Time to time updates about your business.

9. Prioritize accessibility.

10. Ask for feedbacks.