The best-in-class eCommerce business models to discuss in 2021 and coming years.
Why you’re here?
Shouldn’t I ask you about it?
We’re going to talk about different eCommerce business models; now, I notice most of the blogs around the internet talking about eCommerce business models aren’t talking about eCommerce specifically. Most of them are about basic business models. So B2B and B2C can apply to practically any business in general I mean, for example, a mind can be B2B, but they don’t sell online.
So in this article, we’re going to cover eCommerce specifically. I’m going to provide a couple of examples.
Ecommerce Business Models In 2021
The first business model that I’d like to discuss is a one-off product sale, and in most cases, this is retail, of course, online, you can sell products you created. You ship yourself, or you can sell someone else’s products. You could also sell digital products.
So non-physical products, for example, music courses, video code games things that you can download like a PDF file if we take a couple of examples of this Kane’s tea sells physical products online they’re the products they sell tea it’s a physical good if we take another example of digital products. If you check out Oliver store, so I sell a course that teaches equity ecommerce, it’s fantastic. I like the business model of selling digital goods online.
Because you don’t have to ship the product physically, another eCommerce business model is the subscription-based business model. Most often, this is a software-as-a-service type of model. So they’re going to give you access to something in return for a monthly or yearly recurring revenue or fee and some cases. It’s just a service that you’re going to receive.
For example, Netflix is a subscription-based product, so you pay every month to have many different shows that you can watch from your Netflix account people can do this on their website with a subscription box, example.
Suppose you’re a small and medium-sized business owner, and you want to make recurring monthly revenue. In that case, you could sell a subscription box, so create a package of products that people subscribe to, but you send out the third business model every month to your customers.
I want to look at whether print on demand is excellent for artists or influencers who have a large audience that they’d like to monetize. This consists of creating a design or a visual or a graphic, and you upload it to a product within a print on demand service. Now that product can be a t-shirt, it can be a hat, it could be a pillowcase.
There are so many options and what happens is the print on demand service will fulfil orders for you. Hence, your role is really to promote those products, and when someone purchases the product in your online store that is a print on demand item, the third-party fulfillment service will print that product and ship it to the customer.
What’s cool about this business model is that you don’t have to create the t-shirt and print it on it physically and then ship it to the customer. A third party will take care of it for you. Here Oliver store drop shipping is another trendy business model.
It’s kind of like print on demand in a sense that you are marketing products that a third party will fulfil for you so that you could be selling furniture online, for example. Still, you don’t have to ship a couch to a third party physically will take care of that for you that. You’re working with drop shipping can be an exciting business model.
Dropshipping another exciting business model is the peer-to-peer business model, including examples like uber or Craigslist. In most cases, the goal of this business model is to put people in touch. So that they can fulfil a service together, so, in the case of Craigslist, you might be selling a product to another person in the case of uber. You might be driving someone around its peer-to-peer service platforms to make money in various ways they can be based on a subscription model. They can be found on just ad placement.
In the case of peer-to-peer platforms, the monetization strategies are significantly varied. Another ecommerce business model is affiliate marketing, which is pretty much selling other people’s products. You don’t have to ship them most often physically, you receive a link from the company that you want to promote, and you receive a commission based on these sales that take place through your link now of course, when your affiliate marketing, the best thing to do is promote products you care about and are passionate about it.
Overall, the eCommerce business is the right way to make revenue in the coming years. All business models are combined that suit small and medium-sized businesses, especially those interested in selling like the Amazon Marketplace.