E-commerce
- Buying and Selling goods or services thru the internet.
- Commonly known as electronic way to market products.
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2.3 billion global DIGITAL BUYERS in 2022
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GLOBAL E-COMMERCE SALES
hit 5.7 Trillion U.S. Dollars worldwide sale 2022
Dropshipping
- Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock.
- In a dropshipping model, the store owner acts as a middleman between the supplier and the customer.
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The store owner lists the supplier's products on their website, sets the prices, and handles the marketing and customer service. When a customer places an order, the store owner forwards the order details to the supplier, who then ships the product directly to the customer.