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Showing posts with the label E-COMMERCE

Selling To The World (Ecommerce)

  Think about this. You are planning to engage in “e-commerce”, to take your business online. So, you need to learn a new set of business rules, a new way of doing things, because online business is “different”, right? Well, actually, no, not really. You still have a product or service to sell. You still have a store with a shop “window” (your website) and you still need the customers to visit your store, in order to buy whatever it is that you are selling. The only major difference is that (continuing the analogy) your local store window can only be seen by a small group of people, whereas your online business can be seen by the whole world. By engaging in eCommerce, you can take your business “global”. For many businesses, this is truly an advantage, representing a wonderful opportunity. But that is not the case for everyone, particularly for companies who sell a physical , tangible product. When planning to go online, therefore, you should spend some time thinking about your pro...

WHAT IS E-COMMERCE AND AMAZON

WHAT IS   E-COMMERCE AND AMAZON Buying / Selling Activity using internet comes under E-Commerce Top five Marketplaces Why Amazon Reason to Sell on Amazon • Amazon did $300Billion Sales in 2019 • Amazon accounts for five of worldwide Market and far of room to grow • Largest Fulfillment Center within the World • Easier to induce assistance on Fiverr/Upwork Business Models on Amazon For Sellers: • Private Label FBA – Building your own Brand • Wholesale FBA – Selling Branded Products • Drop shipping – Selling Branded Products without having any Inventory For Service Providers: • Virtual Assistant -- Providing Services to Sellers Market Share of varied Marketplaces Which Marketplace to start with It Depends on Your Budget Budgets: • US Market – $15 - $20K • UK-EU Market – $7k - $12K • Australia / Canada / UAE – $4k - $7k • We recommend to start with UK – EU Market – Purpose should be to be told the method. Once we have got learnt the tactic we'll Lau...