It isn’t a surprise that business from all across the board in New York Metropolis, corporate to native outlets, have been shifting from physical sales to digital purchasing of their merchandise or services. B2B or Business to Business is used to companies that create e-Commerces to sell products to other companies. Normally, it is used to sell uncooked materials such as an auto parts shop. 2002: eBay acquires PayPal for $1.5 billion. 22 Niche retail companies Wayfair and NetShops are founded with the concept of selling merchandise by way of several targeted domains, rather than a central portal.
For those who have an existing business outside of the Internet, e-commerce can be used to supplement it, in reality the physical side of the business can operate from your current premises. It is clear that many companies do not think about the quantity of resources, time or money is required to build a proper web site where the e-commerce transactions can be performed.
Tokopedia is the largest online marketplace in Indonesia, permitting people and businesses to open and easily manage their own online stores. It has received funding for more than one hundred million US $ from Japan’s Softbank and the famous American tech venture capital agency, Sequoia Capital.
However, earnings were not to be made in consumer shopping but rather in business-to-business transactions, mirroring the physical world where business transactions are value about ten times as a lot as consumer sales. The reason being that the majority of business transactions were already done at a distance, whether by fax, telephone, put up, or private electronic links; therefore transferring this process online made it cheaper, faster and easier.
Just like any other business, having an e-Commerce also has its disadvantages, especially when we’re speaking about physical products. It’s essential that you just put in the balance to know if the execs outweigh the cons or should you’d better search for other business models.
Guillermo Gozzo Bisso – Ecommerce implementation I’ve had the pleasure of working with on numerous projects. And I can tell you as soon as we had an idea in our thoughts, the first people we contact is always you guys. Great work, our team is very pleased with the site and the look of it! Thanks.
Fiverr – This can be a freelance services marketplace†that connects people (largely entrepreneurs) with service providers who offer anything from graphic design and online marketing to translation and video development. As its name indicates, gig pricing on Fiverr starts at $5 USD, though depending on what you’re selling, that can go as much as hundreds, even thousands of dollars.