What is e-commerce? According to Wikipedia, “E-commerce is the activity of buying or selling of items on online services or over the Internet.”
To me, ecommerce is business performed through online connection such as web or mobile connection that has becoming typical nowadays.
We utilized to go shopping at mall which has a great deal of “physical” retail shops. However, nowadays increasingly more people prefer to go shopping on e-commerce platforms or webstores. Examples of the major Business-to-Consumer (B2C) e-commerce platform in Asia are Taobao, Tmall, JD, Lazada, Shopee, Amazon, Aliexpress, Ebay, Flipkart, Tokopedia, and so on.
Today, any service even traditional retail stores can have their own online ecommerce shop also. And, the online e-commerce deals has been growing and forecasted to keep growing. Global ecommerce sales are expected to hit $4.48 trillion in 2021.
The greatest e-commerce sale growth was taped in the Asia Pacific area. It had actually grown 30% compared to 2016 and China alone are anticipated to reach $882 billion USD, up 42% from 2016 in mobile e-commerce (m-commerce) sales. India remained in the 2nd location at $16 billion, a boost of 61% from 2016 and South Korea was 3rd in rank in mobile e-commerce sales.
To find out how to begin your own e-commerce company, check out https://localecomblueprint.com/
Who is Andrew Cheah?
Andrew Cheah is an entrepreneur because 2000. Started his own consulting service and conducted his service in more than 30 nations. Now, he also hangs around training new business owners to start their service with low capital however fast outcomes.
Want to learn how to start your business fast and with low or no capital? Connect with me:
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