E-COMMERCE
E - COMMERCE
E-commerce is buying and selling goods using the internet and transferring money and data to complete those transactions. All stores that sell products online can be classified as e-commerce.
Types of e-commerce:
Business to consumer (B2C): In this e-commerce model, the business sells directly to a consumer. If you buy a product from a retailer like Amazon, you're purchasing from a B2C company. Setting up a Shopify store to sell your wares to customers is considered B2C.
Business to business (B2B): The B2B model involves selling products or services to other businesses. For example, a wholesale company that sells car parts to factories is B2B.
Consumer to business (C2B): With C2B, individuals sell their products or services to a business through an online platform. Social media influencers and bloggers fall under this category if they receive money from businesses to promote the brand.
Consumer to consumer (C2C): C2C e-commerce models typically involve online websites where people sell goods and services directly to others. Examples include eBay, Facebook Marketplace, and Etsy.
Comments
Post a Comment