Product life cycle is the progression of an item through the four stages of its time on the market.
The four life cycle stages are: Introduction, Growth, Maturity and Decline. Every product has a life cycle and time spent at each stage differs from product to product.
What is the first stage of ecommerce sales cycle
Prospect for leads Identifying potential prospects is the first stage in any sales cycle and requires a solid understanding of the service or product you intend to sell.
What are the 3 types of e-commerce
There are three main types of e-commerce: business-to-business (websites such as Shopify), business-to-consumer (websites such as Amazon), and consumer-to-consumer (websites such as eBay).
What are the main activities of e-commerce?
- Buying and selling product online
- Online ticketing
- Online Payment
- Paying different taxes
- Online accounting software
- Online customer support
What are the stages of e commerce development
Stage 1 – Start-up & fast growth. Stage 2 – Plateauing growth or consolidation.
Stage 3 – Renewed growth by implementing change (new platforms, features, resources/people or strategies)
What are the 4 phases of e-commerce?
- Phase I: Get Back To Basics
- Phase III: Make It Familiar
- Phase IV: Create Conversation
What are the 4 types of business models?
- Business -To- Business Models (B2B):
- Business -To-Consumer Models (B2C):
- Subscription Based Models:
- On-DEMAND BUSINESS MODEL
What are the three key KPIs to keep in mind while designing an e-commerce website?
- Shopping cart abandonment rate
- Conversion rate
- Cost of customer acquisition
- Customer lifetime value
- Average order value
- Gross profit margin
What’s the difference between Shopify and Shopify plus
While the payment processing rates for the Shopify Starter and Basic plans are identical, the Basic plan comes with extra features for a more active business, including a more customizable e-commerce setup.
Shopify Plus offers businesses customizable processing rates that are based on individual needs.
What is Shopify flow
Shopify Flow is an ecommerce automation platform that enables you to automate tasks and processes within your store and across your apps.
How do I start my own business model?
- Make sure your company has a clear objective
- Identify your target market
- Analyze your competition
- Budget accordingly
- Identify your goals and financial projections
- Clearly define the power structure
- Discuss your marketing plan
- Keep it short and professional
What are the 4 types of product?
- Convenience goods
- Shopping goods
- Specialty goods
- Unsought goods
What are the 7 types of product
Types of Product – Goods, Services, Experiences, Convenience, Shopping, Specialty Goods, Industrial Goods and Consumer Goods.
References
https://www.openwavecomp.com/ecommerce_solutions.html
https://www.thecommerceshop.com/b2c-ecommerce-strategy/
https://www.techtarget.com/searchcio/definition/B2B
https://www.investopedia.com/terms/b/business-to-government.asp
