Knowledge is power. By knowing in and out of your domain, you can grow your authenticity. When it comes to Ecommerce, the field continues to change constantly – and so you should widen your knowledge.

Nexcess has shared a list of 36 ecommerce terms you should know before starting your business.

The Nexcess team says, “Most of the ecommerce terminology we’ll discuss focuses on what you need to do before you can really think about ecommerce marketing. However, some marketing terms will appear because they affect your business plan even in the earliest stages.Now, let’s dig into these 36 ecommerce terms to help you on your journey to running your online business.

1. Affiliate Marketing

When a website links to another brand’s products (often in a blog post or similar) in exchange for a commission, this is affiliate marketing.

If you engage in affiliate marketing on your site, you must include a disclaimer letting your readers know you make money off purchases they make via your links.

2. Authorization

Authorization occurs when an online purchase asks a credit card company to approve a transaction. The process involves ensuring a card has sufficient funds, is valid, and is being used legally.”

36 Ecommerce Terms to Know Before Starting Your Business

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