A lot of people only know that the “eCommerce” word is used for an online transaction that happens between the supplier and the customer.
Now, yes, this concept is correct, but what people don’t know is the fact that e-commerce is divided into 6 categories.
Each category has its attributes and its own features, and that’s exactly what we are here to discuss today.
The Six Business Models Of Ecommerce
• Consumer-to-Administration (C2A)
• Consumer-to-Consumer (C2C)
• Business-to-Administration (B2A)
• Consumer-to-Business (C2B)
• Business-to-Business (B2B)
• Business-to-Consumer (B2C)
In this type, electronic transactions are carried out in between the administration that’s public and the consumers, of course. This category covers it all, from distance learning to electronic tax and information sharing.
This is the category where electronic transactions occur between two customers. A third party is involved in this process. That’s basically an online platform where the transaction is carried out. In this case we can cover the example of old items being sold or exchanged.
The dealings and transactions between public administrations and companies fall under this category. Social security and legal documents are an example here.
4- Consumer-to-Business (C2B)
The reversal of the buying and selling process between a business and a consumer falls under the C2B category. Royalty-free photos and company site logo etc are an example here.
5- Business-to-Business (B2B)
This is the main type of eCommerce and the most common one in which transactions are made, and dealings are done for goods and services.
6- Business-to-Consumer (B2C)
The last category is all about the relationship and the transactions that are carried out between a business and an end customer. This is associated with the online retail eCommerce trading system.
These are the 6 main categories of e-commerce. And anyone who is about to enter this industry, he should know these categories in detail as these are the basics of this field.
The Pros Of eCommerce
The biggest benefit of the eCommerce business is that you need minimum investment to get started with. Usually this never happens because almost all the other businesses and startups require a hefty amount of investments, but that’s not the case with e-commerce online stores.
Not only this another major benefit of running your own online store is that you can make some quick cash real quick.
Yes, you read that right! If you have the right kind of product for the right kind of audience and if your marketing skills are up to the mark then know that everything will fall into place for you.
There’s no rocket science; you need to run your own online business and honestly, it’s the easiest way to grow.
Here on the internet, with the right strategies, you can attract a massive audience and turn them into your customers. It’s all about the efforts that you are ready to put in.
We’ll be honest with you about this that if you want some success with your eCommerce business, you need to step in, right now because the competition out there is getting tougher with each passing day.
So the sooner you build your brand online, the better it will be for you.