The Internet really has revolutionised the modern world.
It’s changed the way we interact with one another, the way we consume information, and even the way do business.
These days, because of The Internet, more and more people are taking the leap and starting their own eCommerce store.
And really, it’s easy to see why.
With low barriers to entry, global transactions totaling over $7.2 trillion in 2016, and double digit growth forecasts, the potential really is staggering.
In the past, if you wanted to open a store, your customer base would be limited to those within a certain radius of your store. These days, you can open your doors much wider, on a national, or even international scale.
The purpose of 7 Figure Cycle Beginner’s Guide to eCommerce is to educate you on all the key elements of setting up and running an eCommerce business.
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With the beginning of the idea of bank transfers via the Internet came a similar idea called e-commerce as a science in itself.
E-commerce simply and without complexity in terminology is the sale and purchase .. Offer and request .. Import and export of any product that is beginning as an idea revolves around you and then turn into a trade and the sale and purchase, regardless of the size or shape of the product all falls under the trade but when this is in the presence At home, office, or company, anytime, anywhere, using a computer connected to the Internet, that’s what we’re talking about (e-commerce).
There is no longer any reason why you need to travel to make a business deal or a trade agreement to sell or buy a product. All concepts have changed in the presence of an open market throughout the day and in continuous development and wider spread in the field of import and export. .
E-commerce works to create a global and not only local market and compete in them to attract the largest traders in the field of import and export and work to increase your profits much better than normal trades to ratios that may reach numbers that normal trade could never achieve.
The foundation here is to provide some of the basic elements of e-commerce being a sound and strong task to support the progress and wider spread of millions of competitors in light of the rapid technological development in this field.
How to Start an Ecommerce business
The growing success of e-commerce sites worldwide has made importing, exporting, buying and selling online more realistic than ever, whether you are looking for capital increase, or you want to start a business or buy and sell your products and expand its reach all over the world , 7 Figure Cycle Creating an e-commerce site is the ideal platform to make your dreams come true.
We want your business ideas to turn into a reality of business, especially that e-commerce in the world is expected to grow exponentially by 2020. We want you to be interested in importing, exporting and doing online buying and selling.
For this reason we will work hard to provide support for everything you need to take your e-commerce project from an idea to a realistic reality and expand into various business activities through e-commerce.
Electronic commerce applications are divided into three parts:
Buying and selling products, services and commercial exchange, which is called the electronic market.
Facilitate and manage the flow of information, communication and cooperation between companies and between different parts of a single company.
Providing customer service.
The online marketplace is a place of transactions, transactions and relationships for the exchange of products, services, information and funds. When the E-Market Authority is a trade center for a building or similar, it is a network store with commercial transactions. The participants in the electronic market between the seller and the buyer.
Commercial brokers are not only in different places but rarely know each other. Ways of communication between individuals in the online market vary from individual to individual and from case to case.
The benefits of e-commerce on society
– enabled work from within the house, which contributed to reduce congestion (traffic)
– Increased public services provided through e-government
– Improving internal security.
– Improving the standard of living, which led to an increase in the proportion of purchases at the lowest cost of goods or services
Ecommerce opportunities and challenges
E-commerce in the world is on the verge of an important stage of growth, characterized by various possibilities that open the doors of promising opportunities, despite the challenges facing them.
– Electronic commerce is expected to spread throughout the world as it has emerged in a rapid development in recent years over the past years. The volume of online shopping through the Internet and mobile phones is 67% and this percentage is increasing.
– In the latest online survey, we found that the percentage of people who deal online in sales and purchases online has exceeded 70% and this ratio is high but it is progressing high.
How to choose among the best products
When you start your e-commerce there are many axes that you need to consider.
The most important question in e-marketing, which always preoccupies us as business people is what product you will be marketing and the way you will work in the sales and purchase that you want to make the sale and purchase to be marketed and who will need an answer to any e-commerce project is what Which you will sell.
The e-commerce market is characterized by strong competition between importers and exporters, so it is necessary to choose products that have advantages for others and be of high quality.
This may mean selling the best product, importing, exporting, selling, buying and accessing the global market with the best product for continuity in expanding trade and speed of spread. This requires a strong foundation for your Ecommerce Business.