How to choose the right ecommerce business model in 2020

Key quotes:

• "Below are the extensively researched in-depth guides that are included from our team of industry experts which can help YOU excel in the competitive world of online retail: No period of time offers a clearer window into how consumer and retailer shopping trends are shifting than the holiday season."
• "The rise of online and mobile shopping has given consumers more choice, flexibility, and often better service, and retailers are shifting their strategies to keep up."
• "In this report, we explain what leads a shopper to abandon an online purchase and how retailers can begin to combat rising shopping cart abandonment rates."
• "We collected and analyzed data from top e-commerce companies, and spoke with industry experts whose job it is to reduce abandonment rates and boost conversions, to come up with a number of solutions that can help retailers recover lost sales."
• "By presenting options like on-site buy buttons, single-click checkout, financing services, and unified offline-to-online commerce experiences, various brands are beginning to convert desktop shoppers to mobile."

Key quotes:

• "The thing is, a lot of people actually visit pages and choose products on smartphones and tablets."
• "When Internet users want to find something online (be it a product or information), they usually land on internal pages with product descriptions, useful articles or videos, etc."
• "In other words, homepages usually attract the people who already know about your website, while other pages are mostly visited by new audience."
• "So, one must work harder on those pages designed to convert visitors into customers to make sure they provide the content people are looking for, are easy to navigate, answer all potential questions and provide alternative options if it’s product pages."
• "In other words, it seems that businesses aim at offering consumers both online and offline shopping options at the same time."
• "Although online shopping is on the rise, many consumers still want to touch a product before buying it."

Key quotes:

• "The existence of a stable consumer base in some countries means that buyers are prepared to do a great deal of shopping online and it’s also a great opportunity for e-commerce businesses."
• "Also, there are some other delivery options that couldn’t be ignored by online stores: It is important to offer guarantees to the customers: how will you recover your money, who will take care of the recovery of the item, will e-commerce business compensate you in any way? Most e-commerce businesses start their stores with one sales channel, setting up an online shop through a website or marketplace."
• "To grow your e-commerce business as an online merchant, you need to make yourself available across all of the channels that your shoppers use."
• "80 % of European customers bought or ordered physical goods such as electronics, clothes, toys, food, groceries, books, CDs/DVDs."

Key quotes:

• "In order choose the right eCommerce business models for yourself, you need to first familiarize yourself with each type."
• "You’ll find various categories of companies falling right under this business model."
• "Now that you have your eCommerce platform all set, the next most important thing to think about is how you want to handle inventory management, shipping, deliveries, and sourcing products."
• "Some business owners like the idea of making their own products, packing the boxes and using drop shipping for the final process."
• "You just need to receive the order on your online store, assign and pack the products into the boxes, and handover them to the shipping couriers like FedEx, UPS and Canada Post."
• "If you’ve got an idea for the perfect product, but don’t have the cash or desire to build your own factory, this might be the right eCommerce business model for you."