If you ever wondered what e-commerce was or you were interested in starting an e-commerce business this is the post for you! I am going to give you definitions, examples and benefits of e-commerce!
What is E-commerce?
E-commerce is the buying and selling of good or services via the internet.
Types of E-commerce:
Business to Business (B2B):
Businesses selling good and services to each other. Examples include: software and raw materials
Business to Consumer (B2C):
Businesses selling goods or services to their customers. Examples include:
Direct to Consumer (D2C):
Newest model of ecommerce! A brand is selling directly to their end customer without going through a retailer, distributor, or wholesaler. Examples: Subscriptions and selling on platforms via Instagram and Facebook
Consumer to Consumer (C2C):
Consumers selling their goods or services to other consumers. Examples include: eBay, Etsy, Fivver, resellers
Consumer to business (C2B):
Consumers selling their goods or services to a business. Examples include: photographers, freelance writers, consultants
Examples of e-commerce:
- Subscription
- Retail
- Digital Products
- Wholesale
Examples of e-commerce websites:
- Amazon
- eBay
- Alibaba
Benefits of E-commerce:
Global marketplace
Convenience
Interested in starting your own online business? The Prosperity Formula – How To Start A Profitable Online Business
Your way of describing the whole thing in this piece of writing is actually fastidious, everyone can without difficulty know it, Thanks a lot.
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Thank you for commenting! I strive to make things as simple as possible!
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