The term “e-commerce” is used to describe transactions conducted over the internet. Many interact with e-commerce businesses on a daily basis either by purchasing physical goods, digital goods, or subscribing to online services.
Some example of e-commerce businesses include:
- Shutterstock – A website that allows businesses and individuals to buy high stock quality images for personal or commercial use.
- 99 Designs – a website that allows you to purchase design services over the internet. Logo and web designs are examples of these design services.
- Jumia – A pan-African e-commerce platform/website, that allows you to purchase goods and services.
- Amazon – World’s largest ecommerce portal for everything you could ever think of in your home and offices.
E-commerce businesses can either operate purely online such as that of Jumia, which do not have physical stores, allow shoppers to buy their goods online, and have them delivered. There are numerous benefits of running an e-commerce business. With so many areas of operation to manage at once while running an e-commerce platform, There are some specific critical skills that e-commerce business owners need to develop in order to be successful. They include;
Critical Skills For Running a Successful E-Commerce Business
1. Critical Thinking
Being able to think critically is essential for running an e-commerce operation. Successful e-commerce business owners can look at all of the different elements and decide how to act in order to meet business and customer needs.
2. Problem-Solving skills
As an e-commerce business owner, you need to have the ability to solve problems quickly and efficiently, with an impact on everyday operations. You’ll need to do this using creativity to find innovative new ways to do things. You will also need to be resourceful. If you can look beyond your own available skills and materials then you’ll be able to find new ways to approach challenges and meet your business goals.
There is a need for strong leadership skills to drive the success of your business. This involves being able to effectively motivate your team and to improve their productivity, communicate clearly with your suppliers and customers, and make important leadership decisions.
4. Emotional Intelligence
This deals with the ability to understand that the people you interact with, both in person and in the online world, are humans with feelings. Emotional intelligence allows you to apply empathy, listen to others, and think about your response before you speak or act. This critical skill helps you to boost your employee retention, improve productivity and also increase profitability.
An e-commerce business owner is likely to always interact with customers via e-mail or social media. Having a strong written communication skill is necessary in order for you to excel in the online space. Occasionally, you could write a personalized email to specially greet and appreciate your customers. You could as well offer them a special discount code for their next purchase – this helps build trust and confidence in your customers.
This can be defined as an act of self-control, and having the attributes needed to stick, despite failures and set back, is of high importance. There are many situations in running an online shopping business that requires perseverance and grit to achieve success. They range from technology malfunctions to Google changing its search engine optimization practices and driving traffic to your site. Being able to persevere despite these setbacks will carry you through to eventual success.
7. Continuous learning
Show me a man who has achieved virtually, if not, everything in his life, and I will show you a man who had sold himself to consistent personal development. As a business owner, you must study continuously, around your schedule, with a flexible online delivery that allows you to complete a specific course via e-learning at a specific time.
I strongly believe these critical skills will set you up for success if you are operating an online commerce portal, but it doesn’t stop there. Just like I’ve said earlier on, consistent personal development will help you to grow more in strength and wisdom of improving your business on a regular basis.
If you have additional critical skills for entrepreneurs to get ahead in their chosen career, please share them below.
Lovely article. Being successful in e-commerce field indeed involves possession of so many skills. Worth giving a read.
I am Bharani Kumar Depuru, eminent Digital Transformation Specialist with over 15+ years of professional experience in Emerging Technologies consulting. I am an alumnus of IIT & ISB and serve on the board of multiple companies in devising their strategies. I’m a regular reader of TECHATLAST. I truly liked the blog post in your site about blockchain disruptions.
Since you already publish guest posts from different authors in your niche, I was wondering if you would be open to a more original, high-value content, which includes the real-life implementation related content for your blogs. I want to contribute blogs on modern day trending technologies such as Industrial Revolution 4.0, Data Science, Artificial Intelligence, Deep Learning, Machine Learning, Industrial IoT, Blockchain, Cloud Computing, Augmented Reality, Cyber Security, etc.
I’ve contributed guest articles to several niche industry blogs.
I understand the need for unique and well-researched content and I assure you that the readers would get a ton of value from my blogs.
Also please find my Linkedin Profile for your reference.
You can send your message to us via https://techatlast.com/contact/
Best skills and definietly it work to run an sucessfull ecommerce
Thanks for sharing this useful information
Brilliant Article about e-commerce! Thank you so much for sharing this pretty post, it was so good to read and useful to improve my knowledge as an updated one, keep blogging.
Thanks Chisom for sharing this article. It is really helpful and you have explained required skills for any E-Commerce Business very well in a very simple language. Thanks again.
Thanks for sharing this with us. It is very informative. Best skills and definitely it works to run successful e-commerce.
You are right. Running E-commerce business is not an easy task. You need to be updated with many online marketing strategies.
Thanks for sharing this with us. It is very informative.
This is nice post for critical skills needed and having right article to see you here. Thanks lot for sharing with us.
Good One. Thanks for sharing.
This is absolutely right and helpful for me who manages some ecommerce websites as well.
If you have the best E-Commerce Business tips with the best marketing strategies you can give to growth your business.
Great post dear sir, really amazing. I am new in this field, can you please share some tips with me so that it can help me in the future. Thanking you in advance.
We will definitely follow your information. In E-Commerce Business.
E-commerce business is the most tricky work we apply many strategies to high-rank in SERP.Thanks for sharing the information.
Thanks for the post
Communication is the key. Every customer expects the website to know them well. When you start interacting with customers in a more personalized way, it will make them feel special.
Sending target messages can help to achieve this objective.
very useful information..
Thank you for sharing this useful article. Ecommerce can become cumbersome without the right investments. Building your site is one of them and how you implement your product placement. I especially love experimenting with the aspect of pricing in ecommerce.
nice and very useful information thanks to you for sharing this article
if anyone wants to grow his e-commerce business
they can follow 7 points which gave in this blog
Great post. It is very helpful. Thanks for sharing
Thanks for giving this great idea which is very useful for us.
This information is useful to the e-commerce business.
It’s really nice to read this article. You have explained the required skills for any E-Commerce Business very well in a very simple language.
I read out this article. Really very useful skill shared with us. Lots of things to learn. Thanks for share with us.
Thank you for posting this valuable info.
The content posted on the Techatlast page is always informative. Thank you
If I were to run an e-commerce business, I would make sure to rent a warehouse where my other things will be placed. I also agree with you that SEO will help increase the business’s website’s foot traffic. Thank you for sharing the importance of having written communication with the consumers.
I appreciate you sharing this insightful information. Without the proper investments, e-commerce may become complicated. One of them is how you construct your website and how you carry out your product placement. I really enjoy tinkering with the ecommerce pricing feature.