Definition of E-Commerce

 

Navolykina, M. (2021)

E-commerce offers many business opportunities which refers to the selling and buying of product or service online.there are two main option to start selling your product online which are;

i)Having your own e commerce website ii)list your product on marketplace example like eBay, apple, amazon and shopify.

Types of E-Commerce 

Business to Customer(B2C):This an online retail store or marketplace that sell directly to  end customers.

Business to Business(B2B):This is a situation whereby a company sell a product or service directly to another company.

Consumer to Business(C2B):A freelancer that offers writing services to business owner.

Consumer to  Consumer:A consumer that sell new preloved products to another consumer.

Government to Citizen 

Mobile Commerce

Business Models of E- commerce

1. Dropp shipping 

2.Subscription service

3.Wholesaling

4.Retailing 

5.Private Labeling 

Tips to start a E-commerce business

1.Determine business model

2.Do a product  and niche research 

3.Where to sell

4.Know target audience

5.Register brand name and business

6.Apply for licenses and permit

7.Prepare a solid business plan

References
Navolykina, M. (2021) Ecommerce 101: Everything you need to know about eCommerce websites, X. Available at: https://www.x-cart.com/ecommerce-101.html (Accessed: January 12, 2023).

What is e-commerce? definition, types, and business models (2022) YouTube. YouTube. Available at: https://www.youtube.com/watch?v=qF1FMTT17tQ (Accessed: January 12, 2023).