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What is E-commerce?

E-commerce refers to the buying and selling of goods and services online, as well as transmitting funds or data. In this digital world, E-commece explodes and plays an important part in our daily life. Shopping online can brings you lots of benefits about time, convenience, price, etc.

Many e-commerce platforms attract many seller and buyers all around the words to sell and buy product in their platform and can brings a fortune to whom know how to catch these opportunities. Why don’t you start your e-commerce business today?

How to make money on these E-commerce platforms?

E-commerce platforms offer boundless opportunities for entrepreneurs looking to generate income. But how do you maximize your earnings on these platforms? Is it as simple as listing your products and waiting for sales to roll in?

Most E-commerce platforms, especially eBay, Etsy, Amazon, … provide a global stage for selling your goods. This means your business can transcend borders, reaching customers from all corners of the world, making expansion a realistic prospect.

However, beyond the traditional method of selling products directly to customers, there are alternative business models to explore:

POD – Print on Demand

Print on demand is a type of dropshipping practice, in which the merchant doesn’t have to deal with inventory management and shipping. All those components handled by a third party, and the seller doesn’t incur stock-holding expenses because they’re not charged for the cost of goods until someone places an order.

Dropshipping

Dropshipping is an online business model where you can operate your own e-store offering a variety of products without the need for storage.

When a customer makes a purchase at your dropshipping store, the order is immediately sent to your supplier. You’re relieved of packaging and delivery concerns as the supplier manages these tasks. They manufacture, package, and ship the order directly to your customer.

Checkout

In addition to directly selling on e-commerce platforms, there’s another popular strategy among retailers that involves procuring products from these platforms and subsequently reselling them. Retailers will acquire a substantial inventory from these platforms and then offer these items to other users.

This approach is especially crucial during sales events when swift checkout with a large volume of items is necessary. It’s common for websites to impose restrictions on promo codes and the number of items per account, prompting the need for multiple accounts to capitalize on sales opportunities.