Post
Topic
Board Service Discussion
Mynt Understanding the E-Commerce Ecosystem
by
Myntist
on 04/07/2022, 16:46:30 UTC
Everyone wants to get high revenue in today's highly competitive and fast-paced e-commerce market, but how? It would help if you had an e-commerce ecosystem. E-commerce is the online selling and buying of goods and services. It also involves the transfer of money and data to facilitate these transactions. An e-commerce system that successfully integrates many responsibilities and tasks into one integrated system.

Myntist eco-system aims to facilitate the sellers and buyers to interact with each other. Myntist platform accepts different payment gateways and then assigns the shipping services that will deliver the item purchased. This provides the speed and ease of use sellers and buyers now expect in this digital era.
The e-commerce ecosystem is generally the same for most online selling and shopping venues, but the Myntist eco-system is unique from others because it provides a lifetime commission on your future selling. Understanding the eCommerce ecosystem and how to use them will help you achieve your goals.
Assess The Ease of Navigation
A buyer should only need to click a few times to find the item they are looking for. Many times, the search query that led to the item may have been incorrect. It is recommended to have a "most searched" ranking. There are also places for reviews, prices, and other rankings that can all be indexed depending on the user's needs. At the highest level, ensure that every shopper is protected. When dealing with advertisers, make it clear in writing how a shopper's data will be used and give them the option to accept. When the buyers come to buy at the myntist platform their data will be kept private and confidential to ensure that a buyer feels safe.
Don’t Forget The End-Of-The-Sale Process
As important as any other stage, the end-of-the-sale process is equally important. After the customer has paid for the products they purchase, a receipt should be emailed and an approximate shipping date should also be sent. To encourage repeat business, it is a good idea to thank the customers to shop from you.
Understand That Shipping Is Out Of Your Control
As we know, businessmen wish to avoid delays in shipping, it is a fact that they do happen from time to time. When there are delays due to any reason, then you have to notify the customer. A simple note of apology offering a 10% discount on their next order works well. Let the customer know that you are there to help them.
Although the e-commerce environment can seem overwhelming and chaotic at times, it is possible to keep all these processes running smoothly together. You must take each process apart and create a plan that makes them more user-friendly, comfortable, and safe.
But when you sell your own product on myntist it will ensure on-time shipping and delivery that make your customers happy. Myntist will be a more respectful eCommerce marketplace for you and your customers, which will result in better sales.


Understanding the Components in the Mynt E-Commerce Ecosystem

You may be interested in optimizing your eCommerce sales because of the increasing popularity of eCommerce. An e-commerce ecosystem is essential for your online business. The e-commerce ecosystem is a collection of interconnected systems that are designed to support sellers in conducting business online. Understanding the main components of the Myntist eCommerce ecosystem will help you set up your business for success.
The main component of Myntist eCommerce eco-system is the myntist eCommerce marketplace that is designed to facilitate the sellers to sell their products and buyers to enjoy shopping, with goods offered by various sellers.
Myntsit not only helps the sellers and buyers to make their buying and selling experience more fun but also, they get the cash flow not just 1 sale but all the sales in the future. Myntist eco-system interconnected functions that comprise the full cycle of the buying and selling of goods and services electronically. The unique feature of the myntist eco-system is a royalty-sharing program that keeps the sellers and buyers engaged. According to it, the product seller will get a share of every resale of their product in the e-marketplace. The network effect will convert the product into an asset, providing a lifetime benefit to the sellers of all types, B2B, B2C, and C2C all on a P2P network. In myntist royalty, sharing works like a chain where seller 1 sells the item to buyer 1, and the buyer 1 becomes the seller 2 and then sells it to buyer 2. when seller one sells the item to buyer one admin gets the full 100% of the commission which is 10% . When the second buyer sells the item again the last person will get the giant percentage of the sale which will be 60% and the admin gets 40% and when 3rd seller sells seller 2 gets 60% seller 1 gets 24% and the admin gets 16%. when it comes to seller 4 selling the item 3rd gets 60% and other 24% seller 1 gets 9.6% and admin gets 6.4%. In this way, the sellers and buyers will get a continual commission on all the sales that will be completed in the future.
Bening a Seller or  buyer you can use your commission for staking. In a physical marketplace, you can invest 1 million dollars to put into stak, and we give you nft on 100m  staking. This is NFTD on someone's wall; you can also sell that on the marketplace to those 10k people here; if you  sell them on myntist marketplace and create NFTc from that, it will multiply even further. That stak might take 10 years to mature; meanwhile, these 1000 nfts sold and resold repeatedly. And as closer they get to maturity, the price goes up so that commission also goes higher. So over the, each nft might get sold 10x.
This is because we want to identify the buyer who comes on our marketplace and becomes a seller and resell and what it does is incentivize everyone who becomes a seller. So they keep getting cash flow from the same product being resold. And this cash flow will then move to over blockchain product which they can multiply the returns on.
Instead of being restricted to a brick-and-mortar store's inventory, buyers can use a myntist online marketplace that gives them access to various sellers' inventories to find the right product for them. Myntist e-commerce eco-system provides one of the biggest opportunities for sellers and buyers to gain active incomes.
MYNTIST can facilitate a great number of peer-to-peer transactions, focusing on physical and digital items. Myntist eco-system offers the safety of trusted escrow service with a fresher approach than existing solutions focusing on web 3.0 functionalities in order to reduce costs and improve overall efficiency. Myntist eco-system provides an innovative, digital marketplace that gives people opportunities to make money in many interesting ways. Myntist eco-system delivers a seamless, quality sellers and buyers experience. By understanding the Myntist e-commerce ecosystem's main parts, you'll be better prepared to set your business up on myntist to get a lifetime commission.