Skip to main content

Directory of top Ecommerce business models web developers should be aware of

Designing and developing an ecommerce store for your clients starts with the process of planning. Although it’s a tedious task, it is the base of your ecommerce project. A web developer needs to identify the requirements of their client’s business, who is going to be their target audience, what are they going to sell and how are they going to make money.

So, the most important step is to find the business model that suits your project and then integrate this model into your planning and research. For that you need to know the different models that are there.

1. Marketplace model

This type of business model is best suited for businesses that want a platform where they can bring in multiple sellers to meet multiple buyers. The profit here comes through commissions from sellers on successful sales transaction.

2. Franchise model

A franchise model is best suited for brands that manage multiple store outlets, in different locations and owned by different store owners. The catalogue and the brand pricing are managed by the brand centrally but the invoicing is done in the name of the store owner. The transactions are also done in the store owner’s account.

3. Single store model

This is the most basic business model for an ecommerce store. This is more suitable for small micro businesses as well as sellers who want to switch from selling manually to selling through their branded ecommerce website. It is quite similar to a B2C business model.

4. Drop shipping model

This model is best suited for retailers who do not stock the items they sell. When sellers get an order, they buy the product from third party and get it shipped by them directly. Here no warehousing or stock management comes into the picture.

5. Multivendor model

A multivendor business model is best suited for sellers who want to sell goods or services from different brands. This business model also cuts off the cost of warehousing, by picking up and dispatching the goods from multiple locations. However, the invoice is made in the name of seller.

6. Subscription model

This model is quite different from the other business models I have discussed earlier. In this model there is a recurring pattern of purchase for products or services. This model is great for sellers as well as buyers. One can see subscription model implementation in various industries like entertainment (Netflix, Amazon Prime), Grocery (Super, Country delight), Healthcare supplements &medicines and many more.  

Finally, I am done with the list but this might not be the end of it. There are different versions of an ecommerce store that enhances these business models further making businesses unique in itself. So, stay tuned for my next blog which will be coming up by next Wednesday. So now that we have this long list of different models, understanding each one completely will definitely take some time and then developing an ecommerce store for your client based on their suitable business model will definitely take up more time, eventually dragging your deadline. So, what can we do? Obviously, we will have to deal with it but there is a power pack solution out there, which is Storzb!

Now, you must be wondering what is Storzb and how can it help? Well, they have a suite of 18 plug and play ecommerce solutions that are suitable for different business models and what is best is, that they have a record of 21 days, to complete a complicated ecommerce website of a jeweler! Why complicated you would ask? The rate of gold and diamond keeps fluctuating. The rate changes with respect to different factors like diamond clarity, size, gold purity, etc. So all these factors involve lot of minute detailing. Not to forget that all this needs to be very accurate, as it involves sale of valuable goods.

So, there you have it! Go check them out at www.storzb.com and become their affiliate or channel partner to avail their amazing services.

 

 

Comments

Popular posts from this blog

Discover 4 Big Challenges To Build Ecommerce Websites Using A DIY Platform

Being a techy, you’re always expected to be a step ahead in your game. Especially when it comes to developing a website, not just any website but most importantly an ecommerce website. Depending on DIY platforms and their available themes, may initially seem a good option, but as your client’s requirements get complex, it might turn out difficult to handle and definitely time consuming. An ecommerce website, unlike any regular website requires much more that a homepage, some additional pages and few basic features. This website needs to grab customer’s attention, to buy the products and also should make it easy for them to find what they want, rather than going through a confusing website. Not only that, but you need a proper checkout structure with a payment gateway in place. As technology advances, advancements are expected in an ecommerce website as well. You need to be able to stand out of the lot and offer something unique, something easy to understand, that sits in the budget and

How business models can fulfill different business requirements?

   In the previous blog we discussed the various types of business models that are available but did you know that apart from those business models, there are additional versions or add-ons that can be added or modified in a business model to meet the business requirements? Yes, any business model can be customized based on the specific industry requirements — this is referred as a disruptive business model. Let's take a few examples to identify the requirements and solutions. Now being a web developer of an ecommerce platform, you need to know this piece of information, just for the simple reason being, that you may have client from various industries, with varied requirements. Knowing this will help you deliver quality products to your clients. A business model may be selling t-shirts or accessories or photo frames, but they want to provide their customers with customized products. Now be it a estore or franchise model this feature can be added on to any of the suitable models.

Top Trends In Ecommerce: Future Of Ecommerce In India Post Covid19

It is astonishing to see how ecommerce has changed the way business is done in India today. The growth of this ecommerce market in India has been majorly triggered by the increased use of internet and smart phones in the Indian market. As per reports driven by the ‘Digital India’ programme , in the month of September 2020 the total number of internet  connections in India rose to 776.45 million. That makes it clear, that purchasing online has become a lot trendier. Not only in India but ecommerce has been doing quite well globally and certainly it has proved to be quite rewarding to businesses that have adapted to it. Ecommerce has been thriving for quite a while now and there is an immense scope for it to grow, in the near future. Today Covid-19 has changed consumer’s behavior, making it necessary for businesses to adapt to these changes and take a step forward towards taking their business online, yet, ensuring the good customer experience. A lot of micro, small and medium enterp