The internet is probably the most complex yet simple thing that humanity has created up to this point. In summary, it is a type of large portal with portals within the large portal, that everyone can access as long as they have an internet connection. The internet has allowed people to post pictures of themselves and what they eat. It has allowed people to build websites to teach others and keep a constant stream of information for others to see. Others have created websites for themselves or their businesses to sell products and services and for that reason this article will focus on the topic of e-commerce and some of the methods people use to in this area of sales.
E-Commerce and Its Methods
By definition e-commerce is the method or activity or buying and selling products on the internet and contains other systems within it such as electronic funds transfer and automatic credit or debit card payments. Within e-commerce people can sell all sort of things such as:
- Digital information products
- Physical, digital, and audiobooks
- Physical products
- Monthly Subscriptions
E-commerce is used for selling digital information products because it’s easy. All someone has to do is make a website and upload a digital product which could be anything; a course, a PDF, tickets to a seminar, or a presentation. The buyer then inputs their contact and payment information and the product is either delivered to their email inbox or downloaded right from the website. E-commerce is also very popular for selling physical books, digital version of the physical book, and the audio recording of the book. For all the e-commerce methods listed the payment is the same but can vary because the options given can be debit or credit card, PayPal, and Stripe among others.
If you’re selling physical products that need to be shipped out, you should visit https://www.stitchlabs.com/learning-center/everything-need-know-packing-slips/to learn more about packing slips. Almost everyone in the country has purchased a physical product online at some point in their life and so we are all familiar with the process. The savvy entrepreneurs of the internet figured out a better way to sell physical products though. There’s now something called “drop shipping” in which you can post someone else’s products on your website, the customer pays you, you pay the actual seller, and the product gets shipped to the real buyer.
In conclusion in this article we discussed a few of the ways in which people have figured out how to sell products, services, books, and monthly subscriptions online. The term coined for these sales channels is e-commerce because it is the commerce of the internet and almost every large retailer has switched over to e-commerce because it is simple, efficient, and leverage-able. Now more than ever it is easy for people to start their own business online, but because it is so easy it is also easy for the competition to steal your customers and offer cheaper prices. If you’re looking to start an e-commerce business, we recommend you start learning about drop-shipping and implement what you learn.