How to Earn More Money From E-commerce
The owner of e-commerce is always confused about How to Earn More Money From E-commerce .You Can make money through the products you sell. Here’s how a good E–commerce store works. … So, although most of the e–commerce websites are loss making ones, E–commerce is one of the fastest growing areas of online business. There are several ways to succeed, and all the different marketing.
How to Earn More Money From E-commerce
1. They earn by selling their products
Company A manufactured a product which was in good demand. It also had retail stores across the country. Many customers inquired if the company can deliver to their home? Company said yes. And then the customers started placing order via call. However, this was possible only at office hours. And the company had to spend a lot on tele-callers. Few days later, customers asked if they could place order online at time they feel convenient. Company felt that a website with inventory management makes sense. Hence the company opened a website only for itself. Now the customers can place order anytime. Also, company could now ship multiple orders with less milk runs.Company made good profits via its e-commerce website because it gave them better margins. The company even closed few retail stores and it saved a lot on operations.
2. They earn by helping someone else sell product
Now, seeing company A selling product online, Company B also wanted to open its site. However, it would require a huge investment from Company B and it didn’t had that kind of money. Dejected, Company B went drinking at the local pub where he met Technical A. Now, Technical A was the same company which made the website for Company A. After hearing plea of Company B, Technical A came up with an idea. He did a small market survey and found that there were many other companies like B which were interested in selling their products online but couldn’t afford the operations cost. Technical A thus came up with a common platform where all these companies can list their product and customers can order online.