E-commerce has different names but the same meaning “Internet commerce”. It is a term that is used for the sale and purchase of goods on the internet. When a party buys something from another party exchange of goods vs money happens the buyer pays the seller through the internet and then the seller sends the goods to the buyer’s address. It is like a supermarket where you can find literally anything you can pay using your credit or debit cards or other payment methods, but all of this is done over the internet. That is the reason for it to be called e-commerce. According to statista.com “e-commerce companies made 2.3 trillion dollars in sales in 2018 alone.”

Benefits:

Here are the benefits that why you should start an eCommerce but not an offline business:

• For eCommerce, all you need is a domain and a product, but for an offline store, you need a shop and a physical presence.
• You can sell other’s products on your store and make a commission.
• It is an easy and fast way of business.
• More people now buy online than offline.
• There are many other benefits as well.

Platforms:

Following are a few famous platforms in the eCommerce:
Taobao:
It is a Chinese giant eCommerce marketplace. They are the child company of Alibaba group.

Amazon:

Amazon is an American eCommerce marketplace. It is a trillion-dollar company with more than 100 million items listed for sale.

eBay:

It is an American business to customer company connecting business directly with the clients.
There are several other small eCommerce platforms used by smaller companies and businesses.

Models:

Below are the types of eCommerce business models:

B2B:

It is a business to business eCommerce model. Connecting one business directly to another. Taobao, amazon.

B2C:

Business to the client is another type of eCommerce model in which clients are connected to the businesses directly. Amazon, eBay.

C2C:

According to smallbusiness.chron.com “It stands for consumer to other consumers when a person is selling a product directly to another person.” Example OLX.com

C2B:

It is a term that means a customer to the business, in this model a customer helps a brand or website, or company create its online value. Online review websites are examples.

How to Start:

You can start your own eCommerce store easily and be your own boss. If you are not a manufacturer then you can contact one and have make your products. Then you create your online store and start selling these to your customers through social media ads and different other methods as well.
To start an online store, you need a domain name for your store, and hosting for your website or eCommerce store, there are options available where you can get a pre-built store from Shopify and WooCommerce, you just need to make minor edits for yourself.
You can make huge amounts of profits from your eCommerce store sales. There are a lot of online stores selling different products. You can be a part of the community as well.