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[Explained] 3 Different Ecommerce Models: Which is Best for You

There are different types of Ecommerce businesses that you can create, and you have to choose the best model or method that will work best for your store. 📅 Let us grow your Google Ads account for you. Book a free strategy session with Sam here: https://keycommerce.com/strategy-sess... 🔴 Subscribe for more tips just like this: https://keycommerce.com/Subscribe In this video, we are going to talk about three of my favorite Ecommerce business types. These are all fulfillment methods to get your products into the hands of your customers. I’m going through each but something I really want to emphasize is that each method really doesn’t matter TOO much. At the end of the day, what's important is that your customers get the product. Ecommerce business model #1: Dropshipping This is one of my favorite E commerce business models. In this method, you list the products on your site but your supplier ships the product directly to your customers. That means someone places an order and you send the address and customer details to your supplier and they just send it directly to the customer. Advantages of this eCommerce business type: 1. Quickly test out your products and target audience without needing to purchase inventory 2. No need to stock the products yourself Disadvantages of this eCommerce business model: 1. The supplier might mess up the order 2. It’s hard to deal with returns 3. You can't personalize the packaging of your products Ecommerce business model #2: 3PL (Third-Party Logistics) In this Ecommerce model, you buy the inventory but ship it to a warehouse where another company takes care of packaging it and sending it to customers. So when an order comes in, you send the details to the warehouse and they take care of sending it to customers. Advantages of this eCommerce business type: 1. Allows you to not have to rent a warehouse or deal with employees 2. Easily keep your eCommerce store fully remote Disadvantages of this eCommerce business model: 1. Wrong products could be sent 2. Shipping could take longer 3. You couldn't customize the packaging Ecommerce business model #3: Shipping the products yourself This is where you get the products shipped to your house, garage, or your own warehouse and then ship them out to customers from there. This type of eCommerce model allows you to make more profits while also having a really high-quality shipping and unboxing experience for your customers. It means that you can ship out orders really quickly and add notes and other gifts for your customers in the packaging. 🕘 Timestamps: 0:00 Intro 0:12 Different types of Ecommerce businesses 1:06 Dropshipping 2:33 3PL (Third-Party Logistics) 3:57 Fulfilling your own products 🎬 Watch my most recent videos:    / @keycommerce   My popular videos: 🎥 Google Merchant Center Account Suspended -    • Your Google Merchant Center Suspended...   🎥 Fix Disapproved Products - Google Merchant Center -    • How to Fix Disapproved Products in Go...   🎫 Try Shopify for FREE (14 Days Trial): https://keycommerce.com/shopify-14-da... ✅ For tips and tricks on growing your Ecommerce store remotely make sure to subscribe: https://keycommerce.com/Subscribe -------------------------------SOCIAL------------------------------- 📝 Key Commerce Blog - https://keycommerce.com/blog 👥 Facebook: @MrSamBaldwin 🐦 Twitter: @MrSamBaldwin 📸 Instagram: @KeyCommerce_ #EcommerceBusinessModels, #TypesOfEcommerce, #MrSamBaldwin