The term eCommerce has been popular since 1994 when Sting sold one of its products – ‘Ten Summoner’s Tales’ to an online shopper named Phil Brandenberger. Since then, the popularity of ‘eCommerce ‘has rapidly increased. Obviously, who would not like the facility offered by the eCommerce store, “Go through a range of the products, select one of your choices, pay online to avoid contact-oriented transactions, while sitting in the comfortable premises of the home.”
How to start an e-commerce business?
The process starts with deciding on the perfect business plan you have in your mind and then branding it online. One needs to get the online business registered too, completing all the legal formalities. Later, the whole emphasis is laid down on developing and designing an e-commerce website in the exact way you’d imagined it in your mind. Setting up the payment gateways to logistics and finally, SEO marketing is what sums up an E-commerce business.
Let’s get acquainted with some of the most used terms in the eCommerce World:
Terms Related With eCommerce World
eCommerce: When a business lets its customers buy or sell products over the internet, it comes in the eCommerce category.
eBusiness: Many people use eCommerce & eBusiness interchangeably, but they are not synonyms as their definitions are entirely different.
A business performing the following operations on the internet comes under the category of eBusiness:
- Buying and selling goods and services,
- Servicing customers
- Processing payments
- Managing Production Control
- Collaborating with business partners
- Sharing information
- Running automated employee services
- Recruitment
eCommerce Business Models: There are different kinds of the Business models which represents diversity in the relationship of a buyer & seller:
| Business Model | Nature | Example |
|---|---|---|
| B2C | Business to Customer Model | Lastman’s Bad Boy |
| C2C | Customer to Customer Model | Autozen |
| C2B | Customer to Business Model | Shutterstock |
eCommerce Platform
eCommerce Platforms are basically the helpers that allow businesses to create online stores. There are many kinds of eCommerce platforms like Shopify, BigCommerce, WooCommerce, and Adobe Commerce.
Please Pay Attention: The current version of Adobe Commerce – 2.3.x will soon expire, and store owners must shift to the new version – 2.4.4, before September 2022. To learn more about it, read our Change for Better Guide.
eCommerce Website
A website built to sell products and services is known as an eCommerce website. Just like the variations in the eCommerce Business Models, there are numerous eCommerce websites based on the products & services they sell like:
| Physical Goods | Clothing or Apparels, Accessories, Showpieces, etc. (Things which we can touch) |
| Freelancing Services | Graphic Designing, Web Designing, Web Designing or Development, Data Entry |
| Digital Products | Softwares & Video Games |
| Dropshipping | Amazon & Walmart |
Our Featured eCommerce Clients
Lastman’s Bad Boy
This is one of our oldest dropshipping eCommerce clients selling furniture & home appliances. It is a dropshipping website which acts as a middleman between customers & world-renowned brands like Samsung, LG, Bosch, Danby, Haier etc.
Becker Shoes
Becker Shoes has gone a long way in the previous 88 years, but it still honors its roots by providing personalized shoe fitting and excellent customer service. With time, this business has adapted to the new trends. Setting up an eCommerce store is one of them.
Maholi
Maholi Inc. was established in Toronto, Ontario, Canada, in 1994. A vertically integrated Canadian manufacturer of high-quality Down-filled bedding items such as Comforters, Pillows, Mattress Toppers, and luxury linens relied on us to establish a robust online presence.
Let’s Explore More: What is the difference between eCommerce SEO V/s Non-eCommerce SEO?
Final Comments!
eCommerce has changed the course of the marketing world. Long gone are the days when people had to build a brick & mortar store to sell their products. Times have changed. You can set up your business without a brick & mortar store, but you surely can’t make it without an eCommerce store.