For those who have never heard of the term ecommerce before, the first question that comes to mind may be, what is ecommerce? In this article we discuss in detail what exactly ecommerce is, how to start an ecommerce business, how to run an ecommerce website and much more. If you’re interested in anything to do with ecommerce or just need the question, “What is ecommerce?” answered, then this is the article for you!
What is Ecommerce
Ecommerce is a shortened version of the phrase “electronic commerce” which essentially describes any type of exchange of currency for goods or services online.
Ecommerce is an umbrella term that covers everything there is to do with buying or selling online, and can sometimes be otherwise written as “E Commerce,” “e-commerce,” or “eCommerce.” Any variation of the spelling is correct, and it all describes the same act of performing business via the internet.
Since the definition of ecommerce is so open-ended (it literally includes any type of buying or selling of goods or services online) there are so many different types of ecommerce businesses that exist. In this article we dive deeper into the different options that are available for ecommerce business owners to run ecommerce businesses.
The Types of Ecommerce Business Models
First things first, when you ask yourself, “What is ecommerce?” the best way to begin to describe different ecommerce businesses, and the different types of ecommerce businesses, is to break them down into the types of ecommerce business models that exist.
Ecommerce business models can be differentiated into three main categories:
>> What types of products are sold
>> Who the products are sold to
>> Where the products are sold on
Let’s look into these three identifiers further:
WHAT TYPES OF PRODUCTS ARE SOLD
Every ecommerce business can be differentiated by the types of products that it sells. There are four main products that any ecommerce business can sell and they are:
>> Physical Products
>> Digital Products
>> Services
>> Affiliates
Every single ecommerce business online can fit into one or more of these categories, and this basically just tells you what type of products they sell to their customers.
Some ecommerce businesses sell physical products which means that the business has actual tangible products that they ship to their customers, and when their customers open the shipping package there will be a physical product they can touch, feel and see.
Read More >> https://www.abetterlemonadestand.com/what-is-ecommerce/
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