The UK had the largest ecommerce market of Europe in 2022 with 60 million users.

According to research, an industry report on B2B Ecommerce Markets globally, estimated that between 2021 and 2028 this market will grow 18.7% to reach over £9 trillion.

You will still face challenges if you decide to venture online, despite the huge growth of the ecommerce industry.

Many online shoppers will choose more carefully what to buy due to the recession. Before you start, it is important to consider rising costs in your business.

This presents many challenges but also offers exciting business opportunities, especially for those who are looking to start their own ecommerce company. For Shopify Website Design, go to www.etempa.co.uk/shopify-web-design/

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Start an online business

Select your model for e-commerce

What is your passion? What are you selling? Who is your market?

It’s about the model, followed by logistics, which will form the foundation for your new startup. Which ecommerce business model will work best for you?

Models include:

• B2B – Businesses selling straight to other businesses.
• B2C – Online sales from businesses to individuals.
• C2C – This involves online sales between consumers. It is usually done through an intermediary site, like Etsy or PayPal.
• C2B – This model includes consumers providing services to businesses.

The path to success in ecommerce is to choose your business model. Your business will move forward with the right model.

Step 2: Choose a value delivery method

Value delivery is the way you connect with your customer and what you sell. Supply chain logistics is an essential part. It describes the entire process of sourcing, storing, managing, selling, branding, packaging, and delivering your product from your supplier to the customer.

It’s a question of how you will deliver to your customers the values that you promised when they first hit that venerable ‘Buy Now button’. How are you planning to achieve it?

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Dropshipping

Dropshipping is the hands-off way to run an online business.

It is possible to create a website and set up a payment form on that site. It’s easy. It’s even easier to sell online because you don’t need to handle or store any stock. All orders placed through your website are sent to your supplier who will then ship the products directly to your customers.

Dropshipping allows you to avoid the logistics side by not having any inventory. It is not without risk as you will be responsible for any damage to goods or orders, as well as any shipments made incorrectly.