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ECommerce

What is eCommerce?


E-Commerce is basically Electonic Commerce or Internet Commerce which includes buying and selling products over the internet.

There are numerous platforms where we can buy and sell products.

Some of the famous online stores include.
- Amazon
- Flipkart
- Myntra

 Types of Ecommerce Models
There are four types of eCommerce models that can describe almost every transaction that takes place between consumers and businesses.
1. Business to Consumer (B2C):
When a business sells a good or service to an individual consumer (e.g. You buy a pair of shoes from an online retailer).
2. Business to Business (B2B):
When a business sells a good or service to another business (e.g. A business sells software-as-a-service for other businesses to use)

3. Consumer to Consumer (C2C):
When a consumer sells a good or service to another consumer (e.g. You sell your old furniture on eBay to another consumer).

4. Consumer to Business (C2B):
When a consumer sells their own products or services to a business or organization (e.g. An influencer offers exposure to their online audience in exchange for a fee, or a photographer licenses their photo for a business to use).

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Comments

  1. UnknownMarch 9, 2020 at 11:23 AM

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