What is E-commerce business ?
E-commerce stands for electronics commerce. The commerce refer’s to the buying and selling of products and services, over by the help of electronics network, such as internet. In other words if i have to describe E-commerce, it’s a medium of trading for goods and services in between the buyers and seller’s through the electronics medium. The E-commerce medium is a paperless exchange of business information using email and electronics funds transfer etc.
In E-commerce platform, when we buy some products from website, we use an E-payment system. By the help of E-payment system consumer’s can find what they want to buy and purchase it easily. The consumers are mostly willing to make a purchasing process that is easy and immediate.
6 profitable Tips of E-commerce Business :
- Key strength of marketplace :
Marketplace strength is an important key. If you are a manufacturer of your own product’s then you can choose the right platform to sell your product’s online like Amazon , Flipkart , Shopify and click-bank etc.
2. Research on your competitors products :
First of all research on your competitor’s qualities, strength, pricing, product range, policies, shipment, funds refund and discount. Make a strategy plan before you want to start any kind of business.
3. Presentations of the product’s :
The presentation part is very important to selling your products as an E-commerce platform . The customer will not come and see your products hence you need to sell it to them. Making attractive product images and eye catching descriptions and features are very important nowadays.
4.Merchant support service :
The merchant support service is also one of the important part of E-commerce website. By the help of a merchant support service you will exactly display lots of information to the consumers like discounts ,policies , product’s display and help-desk.
5.Margin fees and ROI charges :
Margin fees is your buyer and profit difference. Let’s say you buy a pair of shoes for $100 and you sell it for $110, your margin profit is $10.
FEES : You will also have to lookout for extra charge fees like return, cancellation process and product’s unavailable .
ROI : The ROI is good for visibility and sales.
6. Shipping charges and Mechanism : The shipping charges and mechanism is also an important thing to understand if you sell online products .