
E-COMMERCE

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eCommerce, or electronic commerce, is a term that is often used nowadays. Product sellers and service providers can increase sales through online commerce and boost revenue with ease. Selling online is a popular sales method, worldwide.
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In fact, statistics show global ecommerce sales could reach $6.542 trillion by 2023, representing 22% of the total retail market. The bottom line is people are doing a lot of online shopping, and if your products aren’t there, you’re missing out. Ecommerce growth has gotten a boost as more people avoid visiting a physical store due to the pandemic. As life gets back to normal, many brick and mortar stores have adjusted their site functionality so that it’s easier to shop online.
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How Does eCommerce Work?
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The ecommerce process is different from a traditional one. There are different steps along the way that take the initial contact between you and your consumer until payment through your bank current account.