What is Ecommerce? 

eCommerce is the process of purchasing and selling products and services through the internet. There are several types of eCommerce websites, each with its unique functions. These websites typically handle two types of transactions: business-to-business and consumer-to-consumer transactions. Consumer-to-consumer transactions take place between two or more individuals, though they often use third parties. 

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Dropshipping 

Dropshipping is an eCommerce model that allows business owners to sell products without having to invest their capital. By doing this, business owners can avoid the startup costs associated with traditional businesses and focus their attention on marketing and communication with suppliers. As a result, dropshipping allows business owners to operate without a physical office or inventory, and sell any products that they want. 

Dropshipping has several advantages over other eCommerce business models. Firstly, it eliminates the pain of order fulfillment, which is essential for any online store. Moreover, dropshipping offers access to a Product Information Management system, which is a powerful tool for updating product information. 

eCommerce as a subset of e-business 

E-commerce, as the name suggests, is a form of online business. Most people prefer shopping online to going to a physical store these days. Online shopping websites aim to offer a large collection of products. Customers can select their brand, type of product, and price range. 

Ecommerce is a subset of e-business, a branch of Internet-based business. In addition to online sales, e-commerce also includes business-to-business transactions and online payments. A typical e-commerce business needs a website to take orders from customers and must offer online payment options. 

Impact of e-commerce on retail 

In the past two decades, the retail sector has been transformed by the rapid growth of eCommerce. According to research conducted by the NBER, the proportion of retail sales made online has increased from 0.63 percent in 1999 to 13.3 percent in 2021. However, how has this change affected brick-and-mortar stores? 

Some key factors influence eCommerce’s impact on retail. The first is the impact on customer engagement. Many people like to shop online because it saves them time and energy. This, in turn, keeps customer support agents busy. Meanwhile, eye-catching designs and user-friendly UI/UX enhance the customer’s experience. 

Best eCommerce platform 

When choosing an eCommerce platform for your new business, you should focus on your needs. Your business model and growth plans will determine which platform is right for you. For example, Shopify is a SaaS platform that provides many features for both new and established businesses, including dropshipping and multichannel selling. In addition, Shopify provides over 100 free themes. 

While most eCommerce platforms include their admin suite, some are more user-friendly than others. For example, Shopify Plus is well-known in high-turnover eCommerce, but it requires a lot of 3rd party apps to function correctly. Netsuite, on the other hand, offers a more complete end-to-end vision, although its eCommerce module is not as mature.