Everything About Ecommerce
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Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We explain what ecommerce is, its benefits and risks, and how to get started in it.
You are listening to All About Business, the podcast with your host(s) Prithvi.
In this episode of All About Business the Podcast we discuss: what ecommerce is, its benefits and risks, and how to get started in it.
Segment 1: What is ecommerce?In this segment I will be explaining what ecommerce is and give some examples of major ecommerce websites.
- Ecommerce is the buying and selling of goods and services over the internet.
- It can be conducted on any smart device like phones, tablets, and computers.
- You can purchase pretty much anything online.
- Online stores like Amazon, Ebay, Etsy, and Fiverr are just a few examples of stores that are purely ecommerce.
- Retail stores like Walmart and Target also have websites but are still mainly brick and mortar businesses.
- Many ecommerce websites are made up of independent sellers who sell their products through big ecommerce website like Ebay, Amazon, Etsy, and Fiverr or on their own individual websites
Segment 2: Benefits and Risks of E Commerce
In this segment I will be explaining the benefits and risks of starting your own ecommerce business or online store.
- Risks:
- Online Security
- System reliability
- Privacy Issues
- Customer Disputes
- Intellectual Property
- SEO(Search Engine Optimization)
- Taxation
- Return of Goods or Warranty
- Warehousing and Logistics
- Benefits:
- Low Cost
- 24/7 Potential Income
- International Selling
- Easy to showcase best sellers
- Affordable employees
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