E-commerce has been around since the early days of the internet, but it has only become popular in recent years. This is because technology has progressed to a point where it is now possible to conduct business online safely and securely. In addition, many platforms now allow companies to sell their products and services online.
E-commerce is buying and selling products and services over electronic systems such as the internet and other computer networks. It involves using various information and communication technologies, including the internet, mobile phones, digital TV, and radio.
The term e-commerce includes business-to-business (B2B) and business-to-consumer (B2C) transactions, but it also refers to all forms of electronic commerce.
There are many benefits to using e-commerce. For businesses, it allows them to reach a larger audience and sell their products and services globally. For consumers, it will enable them to buy products and services from anywhere in the world at any time.
The internet has created opportunities for people looking to make extra money. And for those with an entrepreneurial spirit, it offers a way to start and run a business with little up-front investment.
As an e-commerce business owner, you can sell products or services online without setting up a physical storefront. This means you can reach a global audience without worrying about managing a brick-and-mortar location.
Another advantage of e-commerce is that it allows you to work from home, which can be great for moms who want to stay home with their kids or for people who wish to reduce their commute time. You also can take your business on the road if you need to travel for work or pleasure.
It's a low-cost way to start a business, and many online platforms make it easy to set up shop. It also offers the potential to reach a large audience, and there are many ways to promote your business online.
However, it's important to remember that it is competitive, and it can take a lot of work to stand out. If you're willing to do the job, e-commerce can be a profitable way to make extra money.
Average earnings
$0 - $10000. A lot depends on the product.
Skills and requirements
- Computer with internet connection;
- Accounting;
- Email marketing;
- Google analytics;
- SEO skills;
Pros & Cons
Pros:
- Low financial cost (compared to physical store);
- Potential sales 24/7;
- Wider audience to reach;
Cons:
- High level of competition;
- The added cost of operating an online store;
- Security concerns;
Platforms
Etsy, Shopify, Storetasker, Selar, AppSumo Marketplace, Rejoicy