What is Online Business or Ecommerce? How to Build Your Own Ecommerce Business?

If you are on discussion boards and online communities, you will come across questions like:

Why do most online businesses fail?

Are online businesses reliable?

Based on the comments on the aforementioned topics it appears that a lot of people do not know what exactly is an online business.

Anything you do on the World Wide Web to make money is an online business. For example,

I own a website and it is an online business for me.

Facebook, Amazon, Google, Whatsapp are all online businesses that are making a lot of money for the owners.

Tesla is a car manufacturing company that makes money by selling cars. Facebook Inc. owns Facebook, a social networking site that makes money by providing advertising services. In terms of business perspective Facebook, an online business, and Tesla, an offline business, have no difference.

How to Build a Strong Online Business?

Before I explain what it means by strong business and how you can build a strong business, I will share some interesting anecdotes.

When Jeff Bezos decided to go to space, a lot of people signed a petition to stop Jeff Bezos from returning to the earth?

Why do you think people were so wrathful against the richest man on earth? That’s because people hated Jeff Bezos for how he treated Amazon staff.

Well, it is not possible to be liked by everyone but as a business owner, you should be at least liked by your employees and your customers. Building a strong business means you have employees who admire you and you have customers who always buy from you.

Your employees will admire you when you offer the best salary and incentives in the market. Your customers will become loyal when you provide the best product for a reasonable price.

How to Overcome Competition in eCommerce Business?

eCommerce is one of the best ways to make money online. eCommerce means doing business online or selling products and services online to be precise. During the Corna Virus Pandemic, a lot of businesses shut down but eCommerce flourished.

The market for eCommerce is growing tremendously, does this mean you can also make money by starting an eCommerce business?

One of the biggest challenges in the eCommerce business is the competition. Since it is easy to start an online business and startup cost is not much, eCommerce business is very popular, thus, there is a lot of competition. In order to succeed, you will have to survive the competition.

Here are some possible ways to survive the competition.

• Instead of selling globally, sell locally, there will be a few competitors

• Instead of selling the products everyone is selling, sell unique products.

Do You Actually Need the Experience to Start an Online Business and Become Successful

A lot of people believe that you need the experience to start a business and become successful. However, I do not buy this theory.

Jeff Bezos is one of the most successful businessmen the world has seen. His business, Amazon Inc. made Mr. Bezos the richest man on earth. Did Jeff Bezos have any experience, training, or expertise with an online business? Jeff Bezos started a business with experience yet he became successful.

Did Mark Zuckerberg have any experience with running a company like Facebook Inc. How did he become successful without prior experience?

Richard Branson did not have any experience with any kind of business, he even did not have training or an academic degree, yet he is one of the most successful businessmen.

These are just a few examples, you can see a lot of people becoming successful in business without prior experience.

Online Business That Can be Started for Free

On forums and discussion boards you will see a lot of people talking about online business. They say online business can be operated from anywhere, even from your home, and can be started for a small investment, even from $10. But they don’t reveal much about what exactly is an online business is, how you can start an online business, how to operate an online business, how much money you can actually make, etc. Here I am going to share how you can start an online business without spending a dime.

Collect emails from various people and build an email list. Bigger, the better

Join Amazon Associate Program.

Handpick products on a certain niche

Go to Mailchimp and sign up.

Choose an email template and add the products that you handpicked earlier.

Give a good title and short description.

Upload your email list and send the newsletter.

This can be done for free.

First published on Trendri, in author's name