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E-Commerce/Online Store/Product Sales

What is E-Commerce?

Before we get into the nitty-gritty of the eCommerce realm, let’s first answer one fundamental question: What is E-Commerce? E-Commerce refers to commercial transactions conducted online. This means that whenever you buy and sell something using the Internet, you’re involved in E-Commerce.

Methodology:

Estimates are based on the analysis of data from other research firms and government agencies, historical trends, reported and estimated revenues from major online retailers, consumer online buying trends, and macro-level economic conditions.
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It was August 11, and the year was 1994. Around noon that day, Phil B. of Philadelphia logged into his computer and used his credit card to buy Sting’s “Ten Summoners’ Tales” for $12.48 plus shipping.

That story may not sound too exciting today, but at that time, this particular transaction made history. Why? Because it was the first time that encryption technology was used to enable an internet purchase. Many consider that moment as the first “true” E-Commerce transaction.

Needless to say, e-commerce has grown by leaps and bounds since then. BigCommerce cites that E-Commerce is growing 23% year-over-year, and according to eMarkerter, global e-commerce sales are expected to top $27 trillion in 2020 — and that’s just statistics for the retail sector.

That’s a lot of growth (and money!), which is why if you’re interested in doing business online, you need to know the ins and outs of the e-commerce industry.

And that’s exactly what this guide is for. In this resource, we take a deep look at the e-commerce industry — how it came about, what types of merchants are out there, and what platforms enable online selling. We’ll also shed light on notable e-commerce success stories and flops to give you a better idea of what it takes to succeed in this industry.

Whether you’re someone who wants to start an e-commerce site or you’re already running an online store and just want to learn more about the industry, you’ll find plenty of nuggets in their guide.

US Webworx/Thor Marketing only build in WordPress, yes I know you want Shopify but I urge you to read and follow along, Shopify is not for the faint of Heart and some of their practices are unethical and I don't do unethical. WooCommerce and a few other plugins for the WordPress CMS work just as good and the great thing is you know about the upfront fees and backend fees because if you use eBay already you know that PayPal charges a fee for transactions so no surprises there, as for Merchant Accounts and PCI stuff we can cover later. The main thing you want is to begin selling as quickly as possible.