state the difference between different type of e-commerce business model. example each e-commerce business model with help of example. consider that you want to start e-commerce business, which business model you want consider? what are the computer technology will be used in order to setup and managing your e-commerce business.
Answers
Think back to how you shopped ten years ago.
Where did you go to buy clothes? How did you get your groceries? What did you do when it was time to buy a new mattress?
Innovative ecommerce businesses have transformed the way we shop today and redefined what is possible.
In 2013, ecommerce made up 6% of retail sales in the U.S. and by 2017, it was up to 9%. Experts predict that by 2021, ecommerces sales will make up 14% of the total purchases in the U.S.
Today, it’s easier than ever for creative founders to make their ideas a reality. Each year, we see new businesses dethroning “the way we’ve always done it” monoliths.
While many of the tools are new and rapidly improving, the rules have stayed the same. If you want to innovate and defy expectations, you’ll need to know your business model and define how you’ll innovate.
In this article, we’ll talk about the central business models of ecommerce, some examples of innovators, and the principles of innovation in ecommerce.