Internet has changed the way of the buying process of a consumer. In 2000 almost 22 percent people prefer to buy online but compare to 2016 data 79 percent American prefer to buy online. The offline store also focuses on the online industry due to this reason. Most people prefer purchasing at home comfort. In this reason, online sector grows very fast compare to offline industry. In the current situation, Amazon founder world tops rich person.
Benefits of online selling
- online business required less capital compare to offline business
- Capital acquire process is more natural compared to offline business
- Financial transaction more easy
- Operation cost very less
- Global market reach
- You can be everywhere
Process of online selling
In this para, I want to clear some point regarding the operation of online sale. The online sale is not so hard because the process of online selling is very easy and very convenient but before start online selling first of all understood some important point.
Principle of No Profit No loss
Business have lot of activate when we start any business we have lot of process plan due to that we are a totally focus on profit but business have lot of loss active also. My point is to focus when we scale any business. if we want profit first of all we should understood about profit and loss all activity.
Choose your online market wisely
- Price focus consumer
- Brand value is the main key of consumer buying decision
Top 10 online market portal
- Amazon Largest Books store, electronic
- Alibaba Business to business connection