Even the offline players are trying to fit into the online sphere just because online sales are projected to account for E-commerce short for electronic commerce is when commerce meets internet.
Etsy is an ecommerce marketplace that enables artists to sell handmade unique products to interested buyers around the world. The business model of Etsy can be described as somewhat similar to Amazon or eBay, but with the difference that Etsy provides an amazing value to both buyers and sellers.
On one side Etsy helps sellers sell their handmade crafts and earn a living while on the other side it helps buyers own one of a kind products.
This fact has led to the massive growth of Etsy. Unlike Amazon and eBay which are based on the horizontal model selling almost everything on their platform, Etsy has chosen a vertical platform model by confining itself to selling only craft items in various categories.
Informational Facts about Etsy: Etsy became an IPO on: Over 25 Million users. As of yearEtsy has about employees. Etsy had a rule that everything sold on the platform should be handmade but to grow further, they had to drop this rule in year Even after having a simple business model, Etsy has got some cool features as mentioned below.
Vintage products can only be listed if they are 20 years old. Sellers can create a shop. Etsy offers global shipping. Each seller has a feedback which helps buyers make the decision to buy.
Buyers have different options to pay money which are chosen by the seller. Etsy is more popular among women. Sellers Etsy enables artists to put their items on display in front of the world. Sellers can create a shop on Etsy and name it according to their wish. They have the option to add as many items to their shop as they like.
Sellers can choose the selling price of their items according to what they think is right. Sellers can add tags to their items which lets their products to be searched easily. Buyers Etsy enables buyers to browse unique handmade products from artists across the globe.
Buyers can even buy vintage items. Can get a product delivered to their country with international shipping options. Sellers are individual artists who make handmade products. Some sellers are small industries which manufacture handicrafts.
Artists who want to earn money by selling their products.
Artists who want an online shop. Buyers Buyers for Etsy are those who buy craft and vintage items.
People who want to own one of its kind unique products. How Etsy earns money Etsy Revenue Model Just as Etsy is known for listing unique items on its platform, it is also known for a unique revenue model.
The major revenue models of Etsy comprise the following:Asia-Pacific e-commerce revenues are projected to increase from $ billion at year-end of to $ billion by the end of Is e-commerce the same as e-business?
Fabletics is an American online subscription retailer that sells women's sportswear, footwear and accessories, commonly referred to as "athleisure." The company is best known for its e-commerce business approach and also has 22 brick-and-mortar stores.
It offers its members personalized outfits chosen for them based on their lifestyle and fashion preferences and claims to be "all inclusive.
Dec 15, · The direct sales model is the most commonly used revenue earning model adopted by the e-commerce companies. It involves setting up a store in an online marketplace or a self-owned website and shipping the goods as and when the money is paid by the customer.5/5(1).
How to Choose an Ecommerce Business Model by Richard Lazazzera; How to Start a Business; Feb 19, ; The biggest of the choices may be the most important as they will ultimately define your business model and much of the future of your business.
Mobile commerce Ecommerce software Online store builder Dropshipping. BitRewards team, that's been developing e-Commerce loyalty products under GIFTD brand for more than 5 years, had successfully conducted a Crowdfunding campaign for new loyalty products launch, using Blockchain-technology and its own cryptocurrency – BIT.
Welcome to e-Classifieds®, the world's leading provider of online classified ads software programs. In this fast growing market, e-Classifieds is the only serious choice for online classifieds, the only solution available in a full line of on demand applications, and the only classified ads software program that has been chosen by top web sites including television stations, leading.