Using inversions opens up new possibilities for a single chord. But we can also distribute or duplicate the notes within a chord to create even more variations. The arrangement of the notes within a chord is called the chord's voicing.
For example, here are four possible voicings of a first inversion C major triad:
These all sound slightly different but share some important properties in common: they each contain only notes that are in the C major triad, and they each have E (the third) as their lowest note.