The Different Types of e-Commerce

The current e-commerce market relies heavily on maximizing the conversion rate, which translates into increased sales, revenues and potential profits. The configuration of an e-commerce store opens an untapped revenue stream for new or existing businesses.

There are many types of e-commerce and transactions in the world of e-commerce today. Understanding these options and choosing the one that best represents your business will help you in the process of creating your site and selecting an eCommerce CMS to get started.

·        Business-to-Business (B2B)

·        Business-to-Consumer (B2C)

·        Consumer-to-Consumer (C2C)

·        Consumer-to-Business (C2B).

·        Consumer-to-Administration (C2A)

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Business-to-Business (B2B)

As the title suggests, a B2B transaction is where one company is selling to another. These transactions often involve customizing an order continuously. B2B transactions can include bulk prices, orders for larger quantities or special products that an average consumer would never need on a day-to-day basis. B2B transactions create powerful and lasting relationships between each side when they are properly organized. Typical products that are involved in B2B transactions include office supplies, gasoline and oil, medical equipment, airplanes, ships and military equipment. These items are large in physical size or in necessary quantities, which would be overwhelming for an average consumer to buy on their own.

Business-to-Consumer (B2C)

The most traditional type of transaction from the consumer's point of view is the B2C model. This model replicates a purchase made at the store in a physical store but made entirely online. Companies sell products directly to consumers via their website. The Internet serves as a market in itself and the e-commerce store serves as a portal between businesses and consumers who shop online. Online stores can list multiple products and SKUs, giving customers many options to choose from when shopping. This gives more options to a customer to study and find the ideal solution. Clothing, electronics and outdoor recreation equipment are just some of the products sold online effectively in B2C. The B2C transaction is not limited to products, but services are also frequently distributed in this way. Businesses can offer services such as financial advice, tutoring, subscriptions and more to enhance their online presence.

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Consumer-to-Consumer (C2C)

                With the rise of e-commerce, innovations have been numerous in many ways. The Internet itself is a powerful market in itself. Other markets have come to fruition to offer consumers buying options and ways to obtain the desired products. Platforms like eBay, Craigslist, Grailed and even parts of Amazon allow consumers to sell to consumers. This bridge allows men and women to sell products without creating a personalized store. This translates into quick and easy individual transactions that allow for specific items, second-hand products and individual listings.

Consumer-to-Business (C2B)

On the other side of the spectrum, the C2B model allows companies to receive value from consumers, while traditionally the opposite happens. Consumers can provide businesses with a service to expand their existing business through a reverse auction. Consumers can act as entrepreneurs who bid for certain projects, which allows them to create value for the company. This name, your price option, allows companies to reach different parts of a community without previously exploiting. For example, popular bloggers can charge fees to companies that want their item or idea to appear on the list for visibility. The consumer establishes the price and has a leverage effect on the transaction, since it provides the service.

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Consumer-to-Administration (C2A)

This relationship allows consumers to receive information, make payments and establish a line of direct communication between the government or authorized agency and the consumers it represents. Many common C2A transactions may include paying taxes, fines, zoning code questions, or paying tuition fees at a university. This allows consumers to do business instantly with large companies that in the past were tedious and inefficient. Previously, this type of activity was tedious and tedious, but operations have improved considerably since transactions can be made over the Internet. This opens up resources for both consumers and the administration to allocate them more effectively.

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