You’ve probably already heard that the eCommerce industry is thriving right now.
It’s true! Experts predict that retail eCommerce will reach $4.13 trillion this year and that mobile commerce will take a 72.9% market share of eCommerce.
With trends of consumers buying online and via their mobile devices, there is no better time than now to start an eCommerce business.
While you may have intentions of getting your online store up and running, it doesn’t come without a learning curve. And, the best place to start with your research is to look into the different types of eCommerce business models and websites.
Once you know what business models are available, it will be easier to determine how you will run your online store, and how you will monetize your business. Let’s take a closer look at the different types of eCommerce business models.