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Answer

To its simplest meaning, a website with a digital platform to buy and sell goods by means of collecting funds for the services offered while transferring the data.The services expected on a day to day life has come alive on a digital platform where it leads you to not really having to step out of the house to purchase, instead switch on the mobile and look for ecommerce website to purchase the products you need over the internet and in one click of a button you buy and on other click you pay by entering the card details.Isn't the interface so easy? Scroll down to go through varieties of products offered to you, at the best selling price after availing discounts. Click to pay and wait for the goods to come at your doorstep.

Answer

Ecommerce can be broadly classified into categories of 3.
1.Ecommerce by the parties involved.
2.Ecommerce by goods.
3.Ecommerce by business models.

Ecommerce by the parties involved can come down to 6 types again

Selling to consumer

This concept is pretty straightforward where your consumers are the individual buyers, whom you are selling goods to.

Business to consumer

A commonly seen trend where the market value of each product is focused on profit gaining audience though the targets are small in number.

Consumer to consumer

This becomes more of a consumer selling services to another consumer on the online platform.

Government to consumer

A trade between government and consumer. Here let's say the government is providing services such as education to the consumer.

Selling to business

A seller can purchase goods on wholesale and on larger quantities, sells them to the business and expects a good flow of sales based on trust.

Business to business

The trade is between two business platforms, as to one business can help in making profit to another where the end-user is an individual customer.

Consumer to business

Let's talk about the freelancers here and they are the best example to explain this model. A freelancer provides services to the business, while the business is making profit from utilizing the same service by selling it to the end-user.

Government to business

This model can be like a private business where both seek for benefits in their own ways by being interdependent.

Answer

Digital goods

A type of goods where inventory places no picture to hold in and can provide high quality services. Such as software products.

Physical goods

These products offer choices to the consumer while maintaining the inventory for all the products they sell.

Services

Services include getting the work done as per your requirements. Here there is no selling of products to avail the services from it. In fact they focus on selling the services to the consumer's liabilities.

Now e-commerce by business model

Drop shipping

Retailers are the intermediates between consumers and shippers. Shippers own an inventory and care is taken to ship the goods to the consumer while retailers are the means through which shippers get sales.

Warehousing

Here retailers make sure to have their own warehouse. The product is sourced from the manufacturer and is delivered to the consumer by retailers.

Private labeling and manufacturing

The manufacturers are the one who make products, but retailers buy them with a brand name and sell the same to the consumers.

White labeling

This is more of retailers purchasing products from the manufacturer for different companies and is offered to the sellers with a brand name. The seller need not worry about the product development and design while he is selling it to consumers.

Answer

Now if you are wondering how to build a website for your enterprise that fulfills the need of an ideal particular business model? Then you can start with building a website on WordPress.

1.First and foremost is to have a domain and hosting. These are the essentials to create the ecommerce site. Hurry up and register.
2. If you are done registering. You would have received an email. As you follow by that link, feel comfortable to login and install WordPress.
3. Now since you created the WordPress website and also have login credentials, just login to the WordPress account.
4. Themes are essentials too, to make your website look attractive. Download and Install the ones you like.
5. Now is to install the plugins that you require. Install them and keep them ready as well.
6. There is a demo content where you can download them and soon after, go to the dashboard hover over the add media option and add the demo content.
7. It is time to create a page, if it is a shopping website then you must have already seen it contains various pages. Work on each page and edit them accordingly.
8. Customize your theme by changing settings. If you are looking for specifications then go to the dashboard and to the theme you have selected, click on customize option.
9. What about the tagline and site title? If you want to change that as well, then go to the settings in the dashboard and under General you can change accordingly and make sure to save it.
10.If you want a different structure for permalink, then go back to settings and select the Permalink option and there choose the structure you want and save it.
11.Creating your own logo is not any hard. You need to search for the image you are looking for and then color it, write a text, that's left up to you.
12.You can create various pages and customize them to your needs. Create Faq pages to privacy policy pages and also terms and condition pages.
13.Once you see that the website has everything you need, you have to publish the website by hitting on the Publish button in the dashboard.

It's very easy to work with WordPress, isn't it? Just get going and explore various options that can make your ecommerce site look stunning just like how you want it.

Answer

You can count on a few parameters for measuring the success in ecommerce. And they are:

1.You need to attract suppliers to grow your market

More the suppliers contact you, more will be the products you get to put on your list. And the choice for customers to select increases. And they buy products at your store very often that there is a high rate of chances. If that's the case you can count on the success rates.

2.Repeated customers can be your gateway to success

Getting them initially is hard but once they trust your product, no one can stop them from purchasing it.

3.Corporate clients can leave a huge impact on the success rate

Corporate clients purchase large quantities of products and have larger budgets to pitch in.

4.Inventory management

If you have many items in your inventory and you see them not selling faster, you need to strategize. If that is the case, try to sell them for a lesser price. You can also choose to sell products that are getting sold quickly in more quantities. Keep them more in your stock and make sure to keep the products in the inventory moving and not let them be stagnant.

5.Initial promotion

Promotion is the important factor here. You might have to invest a lot in the initial stage but making sure to reach the right people to have the sales going is your concern.

6.More categories in the shop list

It is quite important to keep a track to increase the number of items in the categories as you grow. More the varieties in products, more does the customers attract and more is the revenue.

7.Database

The key is to start growing the database. You need to see them expanding rather than seeing the growth in the short rate.

8.Profile visitors

Your profile should be such that it must have been viewed by a large number of people. If there are more viewers then you are attracting the right consumers, and this may multiply into more when they share the profile details to many other people.