How To Become A Millionaire In E-commerce With The Following Simple Steps. Part 1.

E – commerce business.

This is Commercial activity conducted via the Internet.
E means “electronic or internet”
Commerce means, “the exchange or buying and selling of commodities; especially the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic.”

Reasons why I have written this article; about e-commerce.

. This is a full course at campus which is not fully understood practically hence I want you to understand it better.
. Most People think that starting e-commerce business is so expensive.
. I want to discuss more about what is left by other discussers.

The main 5 advantage of e-commerce.

a. There is always a quick communication between you as a seller and customer as communication plays a big part in a business journey.

b. With e-commerce you reach a big number of People or market i.e you are not limited to people from your country if you are living in south Africa you can sell a product to an American living in America.

c. Because of e-commerce there is quick delivery hence it saves time and energy to both you as a seller and your customer, as the customer or you don’t have to reach each other.

d. You will be able to learn that with e-commerce you don’t need expenses of building to store goods or products you can around store the goods anywhere or use others shops indirectly.

e. As you can be able to work 24/7 passively without actively being because people or customer visit your website to order for goods and products.

The modes or types of E-commerce.

The four types of E-commerce modals operating both internationally and local, by modes or types I mean ways with how different individuals handle e-commerce business.

The types or modals of E-commerce are arranged to the way different people carry out their business among different groups of people or individuals refer to move on with their businesses.
That is
A) Business to business.
B) Business to customer.
C) Customer to customer.
D) Business to customer.

A. Business to business.

This is where different business two or more come together in order to carry out business inform of exchanging products and services where by the final customer is not involved.
This mainly involves big business also small business can do it mainly retailers or wholesalers and manufacturers.
It can be retailers to retailers.
It can be retailers to wholesalers or vise-visa.
It can be wholesalers to wholesalers.
It can be wholesalers to manufacturers and vise-visa.
It can be manufacturers to manufacturers.
It can be direct from manufacturers to retailers as all are business including factory, schools etc.

If you are one of this category you can search the web and look for suitable platform which suits or you can start or create your own platform in order to sell on it another problem comes after creating your platform is marketing which we shall discuss on later.

As this article is recommended to you.
Business to business e-commerce is better than others because you beat two birds and one stone as you get products and profits.

The best modal I can suggest you is manufacturers to retailers or wholesalers because here you get a big advantage to others ways mainly the large market and a big advantage of others.
One of the advantage with this mode is that you get permanent customers (retailers and wholesalers).
In order to minimum losses you must have enough capital to buy working capital and asset capital which minimum expenses hence maximum profits.
Hence I advice you to persist with this one to give you an example; I have a friend in Uganda, one of the developing countries who earns $10,000 per month by supplying stationery to schools.

B. Business to customer.

This is where by a certain business is set aside in order customers to purchase different products or services this involves business to customers hence a final customer is involved. This mainly involves you to create your own business and then invent various individuals to your platform and sell them you services and products.
Business to customers, may also mean that after creating your online store in form of shop the next thing is to market your products, remember that working online is similarly to working offline the only difference is offline requires physical appearance compared with to online working.

One of the advantage with this is that there is maximum profits as you a can sell something at a higher value than the price used to buy it.

The only disadvantage is that it requires someone or you to get many customers as possible so that you can maximum profits. Nevertheless I advise you to start with this method because it’s awesome to interact with people.

While you create your business as an individual or a group you can decide to deliver at the consumer’s door or to find them at a specific place.
You create your platform and direct individuals or customers to get your full guidelines.

C. Customer to Customer.

This is where a certain individual decides to sell a product to another person for a profit.

The tricks here may be as many as possible first you can decide to sell a product at a certain commission by the use of affiliate marketing or any other method. You can also create your own Product and make a high profit with it.

The 3 advantage of customer to customer e-commerce include;

• There is a wide market, as you have the advantage of reaching hidden individuals due to high concentration.
• You can also benefit from the high profits placed upon as commission.
• There is no high capital as you can just make them on line via Facebook, Twitter etc.

Disadvantage of customer to customer e-commerce.

• It’s very risky as there is insecurities in exchanging the products.
• You can even be forced out of the business due to poor customary services.
• There is low income flow as there may take some time without finding a a customer.

As this article is detected to you, I could like to put in you desire that as a beginner you can start with this method of customer to customer e-commerce and like for may experience where advancing to other models.

D. Customer to Business.

This is where by an individual sell a certain Product or service to a business the business may be manufacturer, wholesaler, retailer or other businesses.

The main Product or service included in this category are;
• Stationery like books, pens.
• Utilities products.
• Software and hardware components.
• Utensils which are for the domestic use.

Advantage of the customer to business e-commerce.

• There is but less expenses as the Working capital is less.
• You can decide to manufacture your own product and get a large amount of income at once.
• There is clear decision to do what you want to do.
• Not like other methods here you have a wide large market this is when you sell your product to a particular business or company this company will keep on buying from you provided that you keep the quality.
• There is high profits from one product.

One of the disadvantage of customer to Business is that your product may be bought at a cheaper price and sold at a higher price hence losing all the other profits.

As this article is detected to you as a beginner I would like to advice you to start with this, customer to customer e-commerce and do your best.

Thank you for reading, continue to Part 2.