The e-commerce industry has completely changed our daily lives and transformed them for the better; it has affected how we live, shop, and even sell anything online. The choices we make, the things we buy, the images we see, and the places we want to explore are all based on e-commerce. The way we shop or sell anything online has changed over time and is still evolving and new things are being introduced. In this trend, it is important to use SEO to ensure a higher ranking for your e-commerce business .
But that is not the end; there is much more when we enter the e-commerce network. There are different types of e-commerce; its history, its evolution over time and many other things will help you understand what e-commerce is, how it has developed and how experts have benefited from it.
E-Commerce Spectrum: Types Discovered
eCommerce is not a small industry with just a few sectors. It is a huge industry that focuses on different types of consumers and their various needs and even business models. Here list of henan cell phone numbers you are either a buyer or a seller; there is no in between. Let’s talk about the various types of eCommerce:
Types of eCommerce
Source : Geeksforgeeks
Business to Consumer (B2C)
B2C eCommerce involves transactions directly between businesses and individual consumers. This is basically the domain of online retail businesses and the best examples of this are Amazon, Shopify, WooCommerce, eBay, etc. Customers can endlessly browse these platforms, select products and purchase them with a few clicks. The comfort and convenience provided by such platforms has reshaped our vision of commerce and business. The huge pool of options in B2C eCommerce has made customers want more and not settle for less.
Business to Business (B2B)
B2B e-commerce revolves around transactions between businesses. Without B2B, the supply and demand industry would fall apart. As the foundation of supply chains and purchasing processes, B2B allows companies to source raw materials, components, and services online seamlessly and quickly. E-commerce platforms like Alibaba and ThomasNet have restructured and accelerated the B2B industry.
This type of B2B e-commerce has increased interactions, streamlined operations, and increased cash flow in the market. The best B2B e-commerce development agencies have created harmony and healthy trade in the market, opening many doors for global partnerships or collaborations.
Consumer to Consumer (C2C)
C2C eCommerce involves transactions directly between consumers. It can be anything from services to goods sold online between consumers. There is no middleman between the consumer and the consumer and platforms like Etsy, Amazon Marketplace, and Airbnb are platforms that provide a safe place and proper guidance to consumers who are empowered every day to become entrepreneurs and earn a good amount of money.
It gives them the power and confidence to stand out in this tough and competitive market. And eCommerce development agencies also develop these websites holistically so that even kids can understand how to use these platforms.
Consumers can effortlessly sell their handmade and homemade products. In this way, C2C blurs the lines between consumers and businesses and gives new meaning to the concept of the shared economy.
Consumer to Business (C2B)
This term is famous and gaining a lot of attention these days because in this case the roles are reversed and the consumer sells their services and goods to businesses. In C2B e-commerce, individuals sell or recommend their products or services to businesses. Freelancing platforms like Upwork, Freelancer, and Fiverr are well-known platforms for this where talented individuals can sell their skills and services at any price they want. This reversal of the traditional business-consumer relationship perfectly demonstrates the power of the consumer.
Government to Citizen (G2C)
This is the most used e-commerce platform by everyone, whether they are businesses or consumers. Everyone should be familiar with it. This G2C e-commerce involves government agencies providing services and information to citizens through digital platforms. Websites such as tax payment portals, online licensing services, and government information websites fall into this category and offer citizens easier access to essential services. Important services such as license renewal, tax deduction, or payment depend on this type of e-commerce, i.e. government to citizen (G2C).
