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Drop shipping is a form of retail business in which the seller accepts customer orders without keeping stock on hand. Instead, in a form of supply chain management, the seller transfers the orders and their shipment details either to the manufacturer, a wholesaler, another retailer, or a fulfillment house, which then ships the goods directly to the customer.
A niche market is the subset of the market on which a product is appealed to a small group of consumers. The market niche defines the product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that it is intended to target.
Niche retail companies Wayfair and NetShops are founded with the concept of selling products through several targeted domains, rather than a central portal. 2003: Amazon posts first yearly profit. 2004: DHgate.com , China's first online B2B transaction platform, is established, forcing other B2B sites to move away from the " yellow pages " model.
Affiliate marketing is a marketing arrangement in which affiliates receive a commission for each visit, signup or sale they generate for a merchant.This arrangement allows businesses to outsource part of the sales process. [1]
The sub-niche is a more profitable group based in the internet market as opposed to a tangible marketplace because of the specificity required in targeting such a market. Online business has little start up cost and can afford and even target multiple sub-niche markets to create a steady form of revenue.
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