Introduction
Online buying has become ingrained in our culture. We’re buying everything from clothes to furniture to food online. But as the online shopping market becomes more and more crowded, it’s getting harder and harder to stand out. So how can your e-commerce business succeed in such a competitive environment? By implementing the right e-commerce strategy, of course!
What is e-commerce?
E-commerce (electronic commerce) is a type of business model, or segment of a larger business model, that enables companies to sell products and services to customers through the internet. Business to business, business to consumer, consumer to consumer, and consumer to business are the four key market groups in which electronic commerce functions.
The growth of e-commerce has been phenomenal in recent years. In 2017, global retail e-commerce sales totaled $2.3 trillion, up from $1.5 trillion in 2013. This figure is forecast to reach $4.5 trillion by 2021.
The different types of e-commerce
There are three types of e-commerce: business to consumer (B2C), business to business (B2B), and consumer to consumer (C2C).
- B2C is the most common type of e-commerce. It is when a business sells products or services to individual consumers. This can be done through a website, an app, or a physical store.
- When businesses offer products or services to other businesses, this is known as B2B. This can be done through a website, an app, or a physical store.
- C2C is when consumers sell products or services to other consumers by purchasing from any means and selling them either online or offline.
E-commerce marketing strategies
There are a number of an e commerce strategy for marketing that can be employed to help get your products in front of the right people. Here are a handful of the more successful methods:
- Make use of social media to promote your items.
- Use Google and other search engines to place advertising.
- Create a blog and write articles about your products.
- Make use of influencer marketing.
- Use pop-ups and other forms of online advertising.
Tips for success in e-commerce
There are a few key things to keep in mind if you want to be successful in e-commerce:
- Make sure your website is simple to use and navigate.
- Provide a diverse range of items and brands.
- Provide excellent customer service.
- Invest in marketing and SEO to increase traffic to your site.
- Use social media to promote your products and drive traffic to your site.