From local shop owners to huge businesses, everyone is looking to create a presence in the online business world. The future of e-commerce can be considered to be bright, and the best time to enter the domain is now! I. Understanding E-commerce Business 1. Definition E-commerce, short for electronic commerce, refers to the buying and selling of goods or services over the internet. It involves transactions between businesses (B2B), between businesses and consumers (B2C), or even between consumers themselves (C2C). For example, when you purchase a book from an online bookstore like Amazon, that’s a typical B2C e-commerce activity. And when two companies trade raw materials or products through an online platform, it’s B2B e-commerce. 2. Types of E-commerce Models II. Advantages of Starting an E-commerce Business 1. Global Reach 2. Lower Costs 3. 24/7 Availability Your e-commerce store is open all day and night. Customers can place orders at any time that’s convenient for them. This increases the chances of making sales as it caters to different time zones and people’s busy schedules. III. Steps to Build Your E-commerce Business 1. Choose Your Niche and Products 2. Set Up Your Online Store 3. Marketing and Promotion E-commerce offers a […]