Introduction
In this ever-shifting digital environment, E-Commerce websites have become an important part of any business to run profitable. Many physical companies are moving to e-commerce due to many people's interest in online shopping. By 2025, according to a study e-commerce will be projected to be around 21.9% of total world retail sales amounting to more than $7.5 trillion US dollars.
Benefits Of e-commerce
There are several benefits for business owners who don't want to set up a physical store or rent property for their shops or markets paying thousands of dollars monthly just to run their business. There are more expenses in physical business like electricity bills etc, instead, you can run an online e-commerce store on Amazon or any other platform with more than 2 billion visitors monthly which is a huge number and that drives more sales and profit.
Top 5 Best e-commerce Platforms
1. Amazon.com
2. eBay
3. AliExpress
4. Walmart
What are e-commerce sites?
An e-commerce site enables you to buy and sell physical products, digital products, or services online. Any business owner with a product or service to sell online can benefit from an e-commerce site, including the following:
1. A small business that aims to attract people in a specific area/country.
2. An individual who is self-employed and looking to make money online.
3. Large companies targeting customers/people globally.
Top e-Commerce Sites to Explore
1. Amazon
Amazon is an American company founded in 1994 by Jeff Bezos.Amazon has more than 2 billion visits monthly which makes it the world's largest e-commerce company. Amazon has fast delivery services and offers a vast variety of products to its customers to buy online. Amazon's main business model is its third-party sellers, more than 60% of all Amazon sales come from third-party sellers. Independent sellers are making over $250,000 in annual sales and 40% of Amazon sellers have managed to make at least $100,000 selling on Amazon
2. eBay
eBay is an online global commerce company that allows users to connect and trade. Anyone can create an account and begin selling on eBay.eBay generates revenue through transactions across its platform.
eBay offers its sellers the flexibility to list a product at a fixed price or auction them. It also offers various services starting from the support of customer needs to the acceptance and shipment of payments. Besides this,eBay offers product reviews and ratings that make it easy for buyers to find the product they are looking for.
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