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BUSINESS IDEAS

• Learn How To Start An E-Commerce Business

FIRSTSTANDS.COM
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E-Commerce Business
If you are searching for startup ideas E-commerce
is one of the best online business ideas for
everyone. Due to the pandemic most people are
switching their shopping habits from offline to
online and it's the best moment to get involved
in the E-commerce business . where you can sell
any item you wish and make a decent income.
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What Is E-Commerce ?
E-commerce is an online platform where you can
market any product through create your own stor
e where
your website , or you display
your
items online , and create a great source of
revenue.
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Types Of E-commerce Business
Consumer To Consumer CtoC
Business To Consumer B2C
Business To Business (B2B).
It refers to the process of selling products or
services between businesses to consumers or vice
versa. For example amazon to customers
directly.
It is the process of exchanging products and
services between consumers. For example- ebay.
Its a way of online transactions between 2
different businesses. It refers to business
thats conducted between two companies. For
example- manufacturer to wholesaler or
wholesaler to retailer.
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GROWTH OF E-COMMERCE
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20 In the last decade, widespread use of
E-Commerce platforms such as Amazon and eBay has
contributed to substantial growth in online
retail. In 2007, E-Commerce accounted for 5.1 of
total retail sales in 2019, E-Commerce made up
16.0.
The E-Commerce sector has registered a growth of
36 every year in the last quarter of 2020. The
biggest beneficiaries of this rise are the
personal care, beauty, and wellness categories
which grew by 95
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every year. Meanwhile, the electronics
category rise by 27 annual growth.
The global E-Commerce market is expected to reach
USD 16,215.6 billion by 2027, at a CAGR(compound
annual growth rate) of 22.9 during the forecast
period of 2020 to 2027.
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How Does
E-Commerce Business Work?
Step 1-
1. Find a high-potential product. There are
several things you need to consider when you are
deciding what your product offering will be. You
will want to find something that has a large
global demand, high

• margins and can be easily warehoused and
  fulfilled. Use google trends, ebay top products
  and amazon best sellers are the best resources to
  help you to find best products. Pick something
  that you will be interested in, because youre
  going to have to invest a lot of time and energy
  if you plan on launching a successful E-Commerce
  business. The more enthusiastic you are, the
  easier it will be.
• Step 2
• Source of manufacturer.
• It is essential to find a reliable manufacturer
  who is able to provide products that meet the
  needs of customers. If they don't, customers will
  not be happy with your product and may not
  purchase from you again.
• Step 3
• Decide the brand name and develop the website.
• If you have the knowledge to build a website,
  you're on the right track, or, if you don't know
  how to do so, you are able to get in touch with
  us and we'll create an excellent website at the
  most affordable cost for you .and we'll help you
  understand on how to manage your website in the
  best manner.

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• Step 4-
• Shipping process
• It's up to you how you are going to deliver your
  product to customers by taking strain of
  delivering and spending a lot of money in less
  margin from door to door. instead of that you can
  use any shipment process like dropshipping paying
  a certain amount on every delivery. For that you
  can directly massage on firststands for shipment
  at best price.
• Step 5-
• Establish revenue goals.
• Also, look for ways to cut costs, because as your
  sales volume increases, it can be a way to
  drastically increase your revenue. If you are
  doing a lot of transactions, dont be afraid to
  negotiate a better rate with your client .You
  have to take care of these things How much
  does your product cost, per unit, delivery
  charge? What are your shipping costs, including
  all fulfillment components, such as staff,
  software, postage, etc.
• Step 6-
• Design a marketing plan .
• You have a product and a website, now you need to
  figure out how you are going to put your offering
  in front of consumers. Who is likely to be
  interested in your products ?
• Advertisements help you here through social media
  marketing you can get that audience who are
  interested in your product and While your
  marketing plan should also include long-term
  components like search engine optimization, you
  need to focus on generating sales and revenue
  right out of the gate if you want to scale
  quickly.
• If you know how to do social media marketing or
  generating leads on SEO so thats great or if you
  want this to be done by someone else so you can
  contact us on firststands we will provide you
  amazing leads .
• Make sure you track everything set up your
  conversion pixels and goals so you know where
  every single sale originates from. The more data
  and information you have available, the more
  targeted your campaigns can become and the
  quicker you can grow.

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E-COMMERCE PLATFORMS AND VENDORS
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An e-commerce platform is a tool that is used to
manage an E-Commerce business. E-commerce
platform options exist for clients ranging in
size from small businesses to large enterprises.
These e-commerce platforms include online
marketplaces such as Amazon and eBay, that simply
require signing up for user accounts, and little
to no IT implementation. Another e-commerce
platform model is SaaS, where store owners can
subscribe to rent space in a cloud-hosted
service that does not require in-house
development or on-premises infrastructure.
Other E-commerce platforms may come in the form
of open source platforms that require a hosting
environment (cloud or on premises), complete
manual implementation and maintenance.
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A few examples of e-commerce marketplace
platforms include Amazon, eBay, Walmart
Marketplace, Chewy, Wayfair , Newegg, Alibaba,
Etsy, Overstock, Rakuten, myntra , (for free
setup in fashion) meeshu, shopclues, snapdeal ,
flipkart etc. Vendors offering e-commerce
platform services for clients hosting their own
online store sites include Shopify, Woo
Commerce, Magento, Squarespace, Biocommerce,
Ecwid, Salesforce Commerce Cloud (B2B and B2C
options) Oracle Suite Commerce
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