What are the 3 types of e-commerce?
There are three main types of e-commerce: business-to-business (websites such as Shopify), business-to-consumer (websites such as Amazon), and
Business-to-Business (B2B) Business-to-Consumer (B2C) Consumer-to-Consumer (C2C) Consumer-to-Business (C2B)
The primary e-commerce models broadly cover two main categories: business to consumer (B2C) - selling products/services directly to consumers. business to business (B2B) - selling goods/services to other businesses.
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
The standard definition of E-commerce is a commercial transaction which is happened over the internet. Online stores like Amazon, Flipkart, Shopify, Myntra, Ebay, Quikr, Olx are examples of E-commerce websites.
- What Is E-Commerce? ...
- Business-to-Business (B2B) ...
- Business-to-Consumer (B2C) ...
- Mobile Commerce (M-Commerce) ...
- Facebook Commerce (F-Commerce) ...
- Customer-to-Customer (C2C) ...
- Customer-to-Business (C2B) ...
- Business-to-Administration (B2A)
The term B2C is applicable to any business transaction where the consumer directly receives goods or services -- such as retail stores, restaurants and doctor's offices. Most often it refers to e-commerce businesses, which use online platforms to connect their products with consumers.
B2C business-to-consumer ecommerce, also called retail ecommerce, is a business model that involves sales between online businesses and consumers. B2C ecommerce is one of four major ecommerce business models, the other three being B2B (business-to-business), C2B (consumer-to-business), and C2C (consumer-to-consumer).
Ecommerce offers business a whole range of opportunities, from marketing opportunities to increasing your products ranges to generating more sales and with an optimised and well developed website you can not only achieve these goals but also offer your customers a round the clock, convenient service, that can boost ...
K. Vaitheeswaran is the author of the recently released book “Failing to Succeed - the story of India's first e-commerce company” and is widely hailed as the 'father of e-commerce in India'. He co-founded India's first e-commerce company Fabmart.com (later rebranded Indiaplaza.com) in 1999.
How does an e-commerce work?
E-commerce is the process of selling goods and services over the internet. Customers come to the website or online marketplace and purchase products using electronic payments. Upon receiving the money, the merchant ships the goods or provides the service.
In the business-to-business model, businesses and organizations exchange goods and services. For example, one company may contract with another business to provide the raw materials needed to manufacture a product.
There are three main types of e-commerce: business-to-business (websites such as Shopify), business-to-consumer (websites such as Amazon), and consumer-to-consumer (websites such as eBay).
For instance, Amazon is an excellent example of B2C ecommerce model as they sell individual goods to individual customers. There are many B2C companies that have taken the market by storm, such as Expedia, Inc., IKEA, and Netflix.
Ecommerce is the business of buying and selling goods and services over the internet.
B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C). A B2B transaction is conducted between two companies, such as wholesalers and online retailers.
Business to business (B2B) sales are transactions between two businesses rather than between a business and an individual consumer for the consumer's personal use. B2B sales are characterized by larger transaction amounts, more educated buyers, a multistakeholder approval process and thus a longer sales cycle.
B2B ecommerce involves transactions between a manufacturer and wholesaler, or a wholesaler and a retailer, through an online sales portal. B2B ecommerce is amongst one of the fastest growing sales models.
An example of B2B would be a chipset manufacturer that sells its products to other companies. Business-to-consumer (B2C) is the term used to describe a business relationship between one company and at least one individual consumer. An example of B2C would be a travel agency that sells flights to individual consumers.
The ecommerce industry is expected to grow by almost $11 trillion between 2021 and 2025. As businesses came online during the COVID-19 pandemic, the global trend toward digitization surged ahead at lightning speed. Even as regions begin to reopen, ecommerce growth keeps climbing.
What are the main activities of e-commerce?
- Buying and selling product online.
- Online ticketing.
- Online Payment.
- Paying different taxes.
- Online accounting software.
- Online customer support.
Since its launch in 1994, Amazon has grown to become an ecommerce behemoth. These days, it's one of the first places shoppers turn to buy anything from cleaning products to the latest tech gadgets.
The e-commerce sector has been one of the most transformative industries on the planet because it offers qualities that traditional brick and mortar shopping methods usually fall flat on; namely, comfortability, convenience and personalization.