e commerce

this article is originally from shopify @ https://www.shopify.com/encyclopedia/what-is-ecommerce non of the information below is exactly my own just written in my words. link to full page at bottom of page

There are 4 types of Ecommerce models types, witch can be summed up with the following...

1)business to costumer or B2C

When the company in questions sells the goods/service directly to the end user/costumer

2) business to business or B2B

When the company in question sells a good or service to another business entity

3)consumer to consumer or C2C

When a consumer sells goods to another consumer, like used car sales done privately

4) customer to business or C2B

When a consumer sells a service or maybe a type of product to the corporate entity, like social media has many content creators that give exposure to small businesses (not limited to this exact method)

Ecommerce can be delt with in many different forms such as...

1)WHOLESALE

The sale of bulk items who normally sells to retailers who sell at a markup to consumers

2)RETAIL

The sale of products or services the go directly to the end user without any middleman

3)CROWDFUNDING

The process of building funds from the public in advanced to actually having any product available in order to settler the upfront overhead cost before it hits market

4)SUBSCRIPTION

The automatic regularly recurring payment (usually monthly or annually ) for a product or a type of service that will only stop if the consumer opts out of the subscription (netflix, gyms, and music streaming services are common examples )

5)PHYSICAL PRODUCTS

Products that are tangible and require physical inventory that the company needs to fulfill and ship to the consumer (amazon being a huge example of this, even though they are involved in more than one of these types of markets )

6)DIGITAL PRODUCTS

Goods that are downloaded (software, NFT, crypto, and courses just to name a few ) that must be purchased or licensed for use

7)DROPSHIP

The sale of a product that the owner/operator of the commerce dose not see, rather they are made and shipped by the producer and sent directly to the end user

end article by shopify

Now to know what type of business you will want to run first we must check which of these has the smallest if not no startup cost or space required.

1)What skills do you have?

Are we good with selling? are we able to design ads? do we have support ie partners or joint operators?

these are the questions we must ask ourselves before we pick a place to start. The worlds leaders in tech didn't make the progress they made in fields they couldn't comprehend. Consider taking a class online to teach you about the fundamentals of the specific model you think fits your circumstance best.

For this page we will focus on a BIG player in markets today and that's drop shipping I've worked for a company that operates dropship practices and personally seen how easy the system can be if you find the connections you'll need.

First step is setting up a front for your operation. Begin with a domain, personally i like google domains they are easy and can be really functional without the need for tedious programing, or shoppify, witch is set up for the purpose of making your first online store be a breeze.

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