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 audience’s region.

Increased Profit Margin

Therefore you do not have to worry about stock control like physical stores have to. You’ll need fewer employees in an online business than in a retail location. A huge advantage of online businesses is you don’t need to hire employees at launch. Only when you start to grow or when you have the capital should you start to build a team.

• The internet is packed with influential bloggers, journalists, entrepreneurs, and vloggers from a wide range of industries and niches.


• Ecommerce will continue to evolve as technology changes and is thus an industry undergoing digital transformation.


• With online shopping, consumers can compare many products and find the lowest price.


• Other advantages of e-business product listing are that it is free to upload and fast.


• I have questions and would like guidance from an ecommerce expert.
• Some customers still prefer to shop in brick-and-mortar stores.

C2A can include online consulting for education, online tax preparation, etc. A newer model of ecommerce, D2C refers to a business that sells products directly to the end customer instead of going through a retailer, distributor or wholesaler. Small businesses are sole proprietorships, partnerships or corporations that sell products or services and make less money and have fewer employees than large multinational corporations. The U.S. Small Business Administration further defines a small business in terms of employment or average annual receipts over time (ranging from $1 million to over $40 million). From small startups to large enterprises, ecommerce businesses can come in all sizes. To fully understand ecommerce, let’s take a look at its history, growth and impact on the business world.