E-Commerce is a business in which online transactions involving electronic purchasing or selling of products and services happens on the internet. It is also known as Electronic Commerce or Internet Commerce. The methodology for E-Commerce has evolved so much over the years with the brands taking the products directly to the consumer without any involvement of the retailer, distributor, wholesaler, and other types of middleman.
Many forms of E-Commerce are well known but the most famous among all has to be Online Shopping. It involves the companies selling products to the people for buying it on the internet from any digital device. From electronic payments, internet banking, online ticketing, and virtual auctions, they all come in the ambit of E-Commerce. Transfer of funds and exchange of data also happens as a part of E-Commerce activity.
Some of the world’s top companies have expanded or are looking to expand their business to E-Commerce. It’s because E-Commerce is one of the fastest-growing industries in the global economy with a 23% increment every year. As per current estimation by top agencies, E-Commerce is all set to reach $27 Trillion mark by the end of the year 2020. With such a great scope in an E-Commerce business, no wonder it is growing so much and at a rapid rate in the recent past.
Iglobe Solutions has recognized this fact about E-Commerce, and with that thought in mind, we began an E-Commerce business of selling top-quality and affordable mobile back covers on our website Crockroz.Com. At this website, you can get the mobile back cover with the designs and patterns that are based on prevalent happenings or as per your customized choices to enhance your smart phone’s aesthetic appeal and make it look classier. We are also working on expanding our business by establishing a new mobile back cover brand in times to come. In all, there are a lot of good things to look forward to with regards to the E-Commerce business at Iglobe Solutions.
Setting up an online store for conducting E-Commerce business doesn’t take much time, but researching the products, building a brand, launching the business, and thereafter making it a profitable E-Commerce solution takes lots of hard work and tough decisions. Firstly, the most essential thing is to choose a product that you are looking to sell. Thereafter, you have to do the analytical research about the product with regards to its availability in the market, learning about the competition, pricing dynamics, and its value to the business. Next up is to select a brand name, logo and guidelines, domain name to attract potential customers into purchasing your products. To make the E-Commerce business a reality, you have to decide on how to sell the products. It can happen either by creating a customized E-Commerce store from scratch with the help of an agency or using the E-Commerce platform like Shopify to start an E-Commerce store to sell your products.
All these services like consultancy, product analytics, web development, and mobile app creation, etc, are readily available at Iglobe Solutions to kick-start your E-Commerce business. Thereafter, the next step is going to be promoting the online store with digital marketing services provided by Iglobe Solutions like search engine optimization (SEO), social media marketing (SMO), pay per click (PPC), and content marketing, etc. With these services, you can not only begin your E-Commerce business but also promote it to newer heights of success.
Electronic Commerce is divided into four main sub-categories basis of the transactions made by the buyers and sellers while conducting business. The business models for E-Commerce are as follows:-
E-Commerce has grown exponentially with the advent of the internet in the daily use of people’s lives. With that, E-Commerce businesses have learned to take advantage of umpteen numbers of benefits that the industry brings to them, some of them are as follows:-
In all, E-Commerce is a great platform for buying or selling the products of any kind at affordable rates and fast shipping. We at Iglobe Solutions provide the services to set up a successful E-Commerce business with our digital marketing mix, web designing, mobile app development, and web analytics services. Our experience in creating a prosperous E-Commerce online store is well proven as we have a top-notch mobile back cover brand named Crockroz. This brand provides high-quality customized back covers as per customer preferences very inexpensively. Hence, we can proudly say that you are going to get great service at Iglobe Solutions with regards to setting up an E-Commerce online store to sell the products that benefit your business for a foreseeable future.