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Several studies, especially the report issued by Payfort on the status of payments in 2016, which monitors the e-commerce sector and the payments sector in the Arab world, show that in terms of the number of online buyers, the report tells that with the growth of Internet users in the Arab region, the proportion of buyers It increased by 14% in 2014 accounts, and this increase is a positive sign that e-commerce continues to grow among the population of the Arab world.
Egypt continues to lead the total number of Internet users in the region with about 18 million users who go to take advantage of online shopping services, and the United Arab Emirates leads the region, where the percentage of online buyers reaches 70% of the country’s population, and given the number of online buyers As for the number of internet users in the country, Kuwait is the first with 82% of its population doing online shopping.
But do you know what e-commerce means? Learn about setting up your own trading system, are you looking for ways to distinguish it from other online stores?
Follow us in this text to answer all questions related to the topic.
Here are the following points:
Index
1- What is e-commerce? 2- The difference between e-commerce and the market 3- Types of e-commerce 4- Advantages of working through e-commerce 5- A step-by-step explanation for setting up your own commerce business 6- Trends that you should always pay attention to. 7- Tips to increase your business Sales by e-commerce
1- What is e-commerce?
The word e-commerce is an acronym for electronic commerce, which basically describes commerce that takes place over the Internet.
This type of business has gained strength and support in recent years, when consumers have noticed that the Internet is a safe environment to buy.
It is important to agree that e-commerce is an online store, but not every online store can be considered e-commerce.
There are also several other e-commerce models such as the marketplace, which we will talk about in the next paragraph.
To make it more clear, an online store is considered an e-commerce when it sells products belonging to the same company, for example: an online store selling Disney products.
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E-commerce or the market?
Unlike e-commerce, the marketplace serves as the default interface for many businesses. That is, the products available there are not from the same company, but are only displayed on the same platform.
For many entrepreneurs, this model works well, as you do not need to buy a domain and incur other costs that are part of the e-commerce setup, it is enough to enter the products in the chosen platform and promote them.
Another benefit of selling in the market is that you use the market power of the company to attract buyers, which is much simpler than having people find your e-commerce business.
Suppose someone is trying to buy casual shoes, it will be very easy for him to find it on Markat.com, when he does the search instead of going to your store.
Conversely, you do not have the autonomy to decide how your product will be presented to buyers.
The market may be the best option for those who trade in general products, as you avoid competition and set up your own domain, while e-commerce offers some advantages for those who have a product belonging to a specific market segment, and would like to speak to a more specialized audience.
But nothing prevents you from having a product that belongs to a specific sector and you want to sell it in a certain market.
Your online trading model depends on how much time and money you have
3- Types of e-commerce
There are several business models for those who wish to work through online sales, whether for those who choose e-commerce or those who choose to display their products in the market.
B2B (Business to Business)
This concept applies to companies setting up e-commerce activities to sell products to other companies. It is usually used to sell raw materials as an auto parts store, for example.
The concept of B2C (Business to Customer)
The B2C model is the model followed by companies that sell to the end consumer, and it represents the majority of e-commerce patterns. nike e-commerce is an example of B2C e-commerce
C2B (Customer to Business)
It is a reflection of the traditional business model, where the consumer puts his service at the disposal of companies. A platform for free translators is a good example of this and is based on this type of relationship. Workana's website
C2C (Customer to Customer)
Finally we have the concept of C2C, which deals with the model of relationships between consumers, which is common in discussion forums and marketplace such as OLX or OpenSooq for example (a site intended for people to sell their second-hand goods).
4- Advantages of owning an e-commerce
Below, we show you some of the benefits of setting up a virtual store to sell products.
Flexibility in time
As we mentioned at the beginning of the text, e-commerce is the perfect balance between having your own business and having more time available, where you can set up your virtual store from the comfort of your home, avoid crowding on and off work, and avoid all the obstacles that are common For those who have financial work.
Authority
When you set up an e-commerce, you are free to decide the layout that best suits your product and the interests of your target audience, as well as not having to pay commissions to others.
Low investment costs
The benefit of having an online business is that you don't need to worry about costs for electricity, rental property and workers' salaries.
In the beginning, you just need to buy a domain (domain) and contract an Internet server (modem). The good news is that both options have reasonable annual packages and you pay about $50 to get started.
There are also several ready-made templates for your store available online, which means that you do not need to incur costs for programming and design work, as long as you choose the right tool for you!
viable sales
There are also several ready-made templates for your store available online, which means that you do not need to incur costs for programming and design work, as long as you choose the right tool for you!
viable sales
To carry out a sale in a physical store you need a period of time to reach the person, follow him while he is evaluating the products, offer him the benefits and finally pay. In the online store, the buying process is more dynamic, and you can achieve many sales from the same advertisement, especially realizing sales simultaneously.
In the case of physical products, the more sales you want to make, the more investment you will need to set up your warehouse, but if you choose to trade through digital products, that product may generate revenue while it is available for entry and use.
Disadvantages of owning an e-commerce
As in any business, having an e-commerce also has its drawbacks, especially when we talk about physical products. It is important that you weigh everything to make sure that the benefits are worth the investment. Perhaps it is good for you to look for other models of business.
Create a warehouse
One of the main problems of having an e-commerce is the need to have a warehouse of products to meet the demand of buyers, for two reasons: you don't know yet what products are hot selling, maybe you don't have the physical space in your home to store everything.
But do not worry, as there are some options to overcome this problem, the first of these options is to sell deposited products, you place the products of different people and display them in your store,
5- A step-by-step explanation of creating your own e-commerce system
Creating an e-commerce is very smooth as in our how-to guide on how to create a blog. Here are the detailed steps:
Buy a domain
As with any website, choosing a domain should relate to the product you will sell in your e-commerce business, and it should be a simple and easy to remember name.
Domain purchase must be done through Godaddy or name.com, if you have a site where you can create a path for your store, for example: www. xxxxxxxxxxxx/store
Choose an e-commerce tool
If you do not have technical knowledge in software, we highly recommend you to use e-commerce tools.
In addition to many possibilities for customization, these platforms have all the functionality you need to get started. There are services such as those offered by Muslim Arts, Surf Five, and Afada that provide smart solutions for creating an online online store. You can study all of those sites and decide which option best suits your needs.
A very good tip for you, is to search for groups on Facebook on the subject of e-commerce, so you get to know the opinions of other people who use these services and so you can make a decision based on more facts and knowledge. (Soon we will have a post here on the blog, dedicated to talking about platforms and setting up online stores here on the blog, always follow us!).
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