E-commerce is a type of business that involves ordering, paying for, and shipping goods and services online. This strategy is one of the most used because it benefits both customers and business owners.
E-commerce services stores, however, also contain the B2B (Business to Business), C2C (Consumer To Consumer). And C2B models in addition to the B2C (Business to Consumer) model (Consumer To Business).
Building a successful e-commerce company requires gut instinct, market knowledge, a solid business strategy, and careful product and business model research. However, one of the main obstacles that the majority of newcomers to the area face can be quickly addressed. The many different types of e-commerce and how they are set up are simply unknown to many aspiring e-commerce business owners.
Types of Popular E-commerce Services Platform:
There are six common e-commerce platforms:
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
- Business-to-Administration (B2A)
- Consumer-to-Administration (C2A)
- Consumer-to-Consumer (C2C)
- Consumer-to-Business (C2B)
The trading of products or services is referred to as commerce. E-commerce, or electronic commerce, is a contemporary innovation that makes it easier to trade goods and/or services online. The numerous e-commerce business models, each of which supports a different business model, are discussed in this article.
Trade between two or more businesses/companies is conducted in a B2B type of business. The typical wholesalers and manufacturers who work with retailers make up the channels of such trade.
The business-to-consumer business model focuses on the retail elements of e-commerce, i.e., the sale of goods and/or services to the final customer via digital channels. Before placing an order, clients can carefully analyze their potential purchases thanks to the function, which has taken the corporate world by storm. When someone places these orders, the company/agent that receives them will promptly deliver the items to the customer. In this market, well-known players like Amazon, Flipkart, and other businesses operate. When opposed to the conventional approach, this mode of buying has proven to be advantageous to the customers because they have access to helpful information that can properly inform their purchases.
A customer will utilize this business model to market used products and/or services to other consumers online. The transactions in this case are carries through a platform offered by a third party, such as OLX, Quickr, etc.
A B2C model is exactly the opposite of a C2B model. The C2B model gives end users the chance to sell their goods and services to businesses, whereas the latter is handled by a business for the consumer. The method is regularly employed in crowdsourcing-based projects, the kinds of which frequently entail the production of logos, the sale of royalty-free photos, media, web design services, etc.
This concept makes it possible for businesses and the government to transact online by facilitating information sharing via centralized web design services. Businesses can bid on government opportunities using this site, including auctions, tenders, application submissions, etc. Due to the expenditures made in e-government, the scope of this model expands.
The C2A platform is a web design service for consumers, who can use it to ask questions or provide comments about public sectors to the government administration/authorities. Its areas of application include:
- Information distribution.
- Distance education.
- The payment of statutory obligations.
- Submitting tax returns.
- Looking for appointments, learning about ailments, paying for medical services, etc.
Preparing to begin now that you are aware of the different types of eCommerce companies, products, platforms, and company classifications. Consider your company plan.
Regardless of the E-commerce business model you select, there is a good probability that you will eventually want outside capital in order to scale your operation. Funding options like Payability cater to E-commerce Services companies. And it also offers both capital advances based on anticipated eCommerce revenues and accelerated daily payouts when marketplaces pay on terms.
E-commerce makes it possible for suppliers to be nearer to their customers, which boosts productivity and competitiveness for businesses. As a result, consumers benefit from better service, closer proximity, and more effective pre-and post-sales support. With the advent of these electronic channels, consumers now have access to virtual stores that are open around the clock.