21 Must-Have Features For Ecommerce Sites
You can also sell products on online marketplaces to reach a broader audience. In 2021, the global online shopping market reached over 2.14 billion people. Coupled with fast growth, the eCommerce industry is forecast to grow from around $3 trillion today to $5.4 trillion in 2026. What is e-commerce business model? An e-commerce business model is how your e-commerce business is structured conceptually in order to reach customers and drive sales. There are several types of e-commerce business models that enable different kinds of companies to position themselves in the market and reach their customers in an effective way. UMake is a great example of an eCommerce business displaying data collection transparency. It provides links within the website footer explaining the privacy policy and terms of use. The site also has detailed and scannable information about how the company keeps users’ personal information safe. Check the data privacy laws applicable to your target ...