If you are searching for startup ideas E-commerce is one of the best online business ideas for everyone. Due to the pandemic, most people are switching their shopping habits from offline to online and it's the best moment to get involved in the E-commerc

E-COMMERCE

If you are searching for starting a new business so E-commerce is one of the bestest
option for everyone. Due to pendamic most of the people switched there way of
shopping from offline to online and this is the best time to start a new business with E-
commerce here you can sell anything whatever you want and can earn a very good
income.

What is E-commerce ?

E-commerce is a platform where you can sell any product by showing it on your website
or you can make your own store and can show your products online and generate a
good source of income.

There are mainly three types of E-commerce..

Business to business (b2b) – It’s a way of online transaction between 2 different
business . It refer to business that’s conducted between two companies. For example –
manufacture to wholesaler or wholesaler to retailer.

Business to consumer {B2C} – It refers to the process of selling product or services
between business to consumers or vice versa. For example – amazon to customer
directly.

Consumer to consumer {CtoC} – It is the process of exchanging of products and
services between consumers. For example- ebay. -----

GROWTH OF E-COMMERCE

In the last decade, widespread use of e-commerce platforms such as Amazon and eBay
has contributed to substantial growth in online retail. In 2007, e-commerce accounted
for 5.1% of total retail sales; in 2019, e-commerce made up 16.0%.

The e-commerce sector has registered a growth of 36% every year in the last quarter
of 2020. The biggest beneficiaries of this rise are the personal care, beauty, and
wellness categories which grew by 95% every year. Meanwhile, electronics category
rise by 27% annual growth .

The global e-commerce market is expected to reach USD 16,215.6 billion by 2027, at
a CAGR(compound annual growth rate) of 22.9% during the forecast period of 2020
to 2027.

How Does It Work ?

1. Find a high-potential product.

There are several things you need to consider when you are deciding what your product
offering will be. You will want to find something that has a large global demand, high
margins and can be easily warehoused and fulfilled. Use google trends, ebay top
products and amazon best sellers are best resources to help you to find best products .
Pick something that you will be interested in, because you’re going to have to invest a
lot of time and energy if you plan on launching a successful e-commerce business. The
more enthusiastic you are, the easier it will be.

2. Source of manufacturer.

You need a good manufacturer who can provide the products as per demand otherwise
consumer will not be satisfied with your product an might not come again.

3. Decide the brand name and develop the website.

If you know about how to develop a website so that’s the great thing or if not so you can
contact on my instagram firststands and we will develop a best website at best price for
you .and we will guide you how to run that website at best way.

4. Shipping process

Its up to you that how you are going to deliver your product to customers by taking
strain of delivering and spending a lot money in less margin from door to door. instead
of that you can use any shipment process like dropshipping paying a certain amount on
every delivery. For that you can directly massage on firststands for shipment at best
price.

5. Establish revenue goals.

Also, look for ways to cut costs, because as your sales volume increases, it can be a
way to drastically increase your revenue. If you are doing a lot of transactions, don’t be
afraid to negotiate a better rate with your client .You have to take care of these things -
How much does your product cost, per unit, delivery charge? What are your shipping
costs, including all fulfillment components, such as staff, software, postage, etc.

6. Design a marketing plan .

You have a product and a website, now you need to figure out how you are going to put
your offering in front of consumers. who are likely to be interested in your products ?

Advertisement help you here through social media marketing you can get that audience
who are interested in your product and While your marketing plan should also include
long-term components like search engine optimization, you need to focus on generating
sales and revenue right out of the gate if you want to scale quickly.

If you know how to do social media marketing or generating leads on SEO so that’s
great or if want this to be done by some else so you can contact us on firststands we
will provide you amazing leads .

Make sure you track everything -- set up your conversion pixels and goals so you know
where every single sale originates from. The more data and information you have
available, the more targeted your campaigns can become and the quicker you can
grow.

Launch your online store.

E-commerce platforms and vendors

An e-commerce platform is a tool that is used to manage an e-commerce business. E-
commerce platform options exist for clients ranging in size from small businesses to
large enterprises. These e-commerce platforms include online marketplaces such as
Amazon and eBay, that simply require signing up for user accounts, and little to no IT
implementation. Another e-commerce platform model is SaaS, where store owners can
subscribe to "rent" space in a cloud-hosted service that does not require in-house
development or on-premises infrastructure. Other e-commerce platforms may come in
the form of open source platforms that require a hosting environment (cloud or on
premises), complete manual implementation and maintenance.

A few examples of e-commerce marketplace platforms include:

• Amazon, eBay, Walmart Marketplace, Chewy, Wayfair , Newegg, Alibaba, Etsy,
Overstock, Rakuten, myntra , (for free setup in fashion) meeshu, shopclues, snapdeal ,
flipkart etc.

Vendors offering e-commerce platform services for clients hosting their own online store
sites include:

• Shopify, WooCommerce, Magento, Squarespace, BigCommerce, Ecwid, Salesforce
Commerce Cloud (B2B and B2C options) Oracle SuiteCommerce