E-commerce is the shortened form of electronic commerce. It is simply the buying and selling of things online via the internet. It involves transferring money and data to complete purchases and sales.
Today, from the smallest convenience store to freelancers to big corporations, everyone utilizes e-commerce to operate their transactions and make it more convenient for them and their customers as well.
Here, we have few examples of the types of e-commerce:
Retail
Retail is directly selling to customers without the need for an intermediary.
Digital products
These are products that can be downloaded, such as e-books, templates or softwares that can be used for different purposes. Softwares and various applications make up a large percentage of e-commerce. A familiar example of a digital good might be Adobe softwares.
Drop shipping
Dropshipping is the selling of products that are manufactured and shipped to the buyers or customers using a third party.
Services
Services consist of skills, such as, writing, photography, influencer marketing, which can all be paid for on the internet.
Wholesale
Wholesale products are bulk products sold to retailers. The retailers then proceed to sell the goods directly to the customers.
Subscriptions
A subscription service is the continuous purchase of a product or service on a regular basis. A familiar example of a subscription that we all love would be, Netflix and Spotify.
Crowdfunding
Sellers will use crowdfunding to generate startup money to get their product to market. The item is produced and delivered after a sufficient number of customers have bought it.