Ehud Sharir having reached the pinnacle of his career as an e-commerce store owner is well-known across the nation. After many requests from our readers, we were able to get hold of the guru himself so that he can share insights on e-commerce with us.
According to Ehud Sharir, e-commerce is simply the process of selling some goods and services online (internet). Ehud states that as soon as customers go online to a website or marketplace to make a purchase for any product and they get the product shipped to their location after payment, this is basically e-commerce.
Ehud Sharir claims that he started his e-commerce business after having seen how successful some major e-commerce stores were when they started. Ehud Sharir gave example as Amazon and ebay as well.
Ehud Sharir says that the process of how e-commerce works is quite direct. First of all, according to Ehud Sharir, research has shown that e-commerce stores are going to be around for a long time because of their process of operation. This is because virtually every product is now seen as available with e-commerce stores. From over the counter drugs, food, certain services, softwares, kitchenwares and lots more. It’s obvious that virtually everything can be purchased online.
Ehud Sharir states that as soon as a customer picks what they like, all they have to do next is enter their payment details online. The customers bank processes the payment online and that’s payment confirmed. Immediately the payment is confirmed, the customer gets a quick message indicating that payment has been completed. Ehud states that the beauty of all this is that the payments happen quickly.
Once confirmed, the e-commerce store receives the order and ships the customers order to them at their desired location.
Ehud Sharir went on to announce and describe some examples of e-commerce business around.
According to Ehud Sharir, the following are types of e-commerce business around.
Online retail stores
Here, Ehud calls Amazon the king of this category. Of course, no one is saying you have to be the next Amazon in order to succeed, all you have to do is offer what people want and you’ll succeed.
The next example according to Ehud Sharir is wholesale e-commerce sites. One very good example of this is Alibaba who have become very good at offering direct business to business sales as well as business to customer sales.
Ehud Sharir confirms that once you decide to handle another companies products and services for them, that’s dropshipping. Basically, all you have to do is create an online space where you can get customers to place orders. According to Ehud Sharir, Amazon is a great dropshipping brand but the king of this particular space is Shopify which allows you create a store front in minutes.
Ehud Sharir confirms that subscription brands come in different shapes and sizes. These companies offer varied services to which consumers pay for to continue using. Ehud states that majority of these subscription e-commerce sites are mainly for services.
As the name sounds, Ehud Sharir confirms that digital product stores don’t offer physical products. Their products are completely digital and are not services as well. Ehud states that most of the digital products offered online are tech-related softwares. Ehud Sharir also confirms that courses, art and a lot of other things can also serve as digital products.
Ehud Sharir goes on to say that e-commerce stores can also accept and process physical products. Just as seen on Etsy, where people can make products, put it up for sale and ship them to customers who request for them.
Finally, Ehud Sharir calls services as the last example of e-commerce business types. Services like healthcare, accounting, etc can be put up for accessing by qualified professionals.
Ehud Sharir’s career in e-commerce didn’t start easy at all and of course, if you put in the work like he did, you’d be able to make a name for yourself and your brand in the nearest future.