How To Become A Millionaire In E-commerce With The Following Simple Steps. Part 2.

Examples of E-commerce business.

An explaining example of E-commerce;

E-commerce is self explanatory like it’s name represent it’s meaning.

Here below are the examples of E-commerce business, there are many others but here I mention few of them.

• Upwork.

The Upwork connects different talented or skilled individuals and clients to share different services
The first step is registration which is a free of charge. Many individuals have used this platform and they have received 10th thousand on average at maximum for there work done.
Also the owners of the platform get a little amount of the total amount you received on the account by the client.

• Amazon.
  This sell a large variety of products including books of all kinds, Clothes and shoes.
  The first thing here is to specialize if you want to make a suitable income.
  Or you can decide to work on commission by affiliate marketing hence Amazon is a great example of e-commerce.
• Fiverr.
  This is similarly to Upwork, the Fiverr connects different talented or skilled individuals and clients to share different services
  The first step is registration which is a free of charge.
• eBay.
  This is similarly to Amazon, eBay sell a large variety of products including books of all kinds, Clothes and shoes.
• Flipkart.
• Olx.
• Etsy.
• Nextdoor.
• Facebook Marketplace.
• Photography.

This usually deals with the selling of photos and there are many website which deals with this including Shutterstock, Alamy and 500px.

You can visit all the listed website or platform here to give you a live example on how you can make money Online, this will help you to innovate your own e-commerce business.

The two way to go while working with the e-commerce business;

• International e-commerce.
• Local e-commerce.
There are more than Million e-commerce operating both international and local.

• International way of operating e-commerce business.
You can decide to do it international this involves connecting with two or more countries or states to carry out trade you can also decide on how you are going to do it.
The internet has perhaps been the backbone of the international business as various individuals meet Online and start carrying out trade or business.

• Local way of operating a e-commerce business.
This main involves a business to be within a certain country and there are many business which do this continues,
This can also the starting point of all achievement because here you get some experience about the business and then move forward to the international.

If you are doing an international e-commerce business it’s very impossible to do local trade as all products or services are required at the same demand.
Working international e-commerce business can be at least beneficial where by you can be exposed to high Large market.
Working with the local e-commerce business here you have a clear control of everything and the losses are not much compared to other way of e-commerce business.

Hence it’s upon you to decide which trade you want to move on with either with international or the local but the difference is just in the number of Countries or State but all move towards the same way of working.

#Products or services.

There are many platform or e-commerce business which have failed due to lack of focus they move to various different products copying the unique successful big companies like Amazon, Microsoft and eBay not knowing how these various companies are doing it.

Many of us look at this outer surroundings and judge what really the successful e-commerce companies not doing.
One of the main focus of these big companies is that there is specifications hidden inside them.

Before you choose a certain Product or services certain conditions must be considered as there act as a way to a successful e-commerce business.

• The product must be easy to transport.
• The location must be favorable to the product you have chosen.
• Consider also the working space for the chosen product.
• Be alert about the market status as this is the Life of any business including e-commerce.
• Consider the background and the competition of the product you are dealing with.

Let us take the example of Amazon e-commerce business;
There are different many apartments which in Amazon including Books, Electronics etc. this gives you a full example of specialization of there products as every Product or service as it’s own apartment. Hence if you are starting out a e-commerce business as a group or an individual you can start with a specific Product or service without interrupting with another different product or service.

Below are the examples of specialized products or services.

• Clothes are specialized products not shoes with phones.
• Electronics are specialized products not phones with utensils.
• Stationery are specialized products not books with uniform clothes.

While choosing a specific item you must choose what you want if you have a desire in electronics don’t choose clothes because are so marketable.
Do what you want to do as in time of failure you will regret less as you enjoyed the journey.

There is no limit am putting here you can go for everything provided that you specialize.

Thank you for reading, continue reading part 3.