TYPES OF E-COMMERCE

(Reddinovntures, 2020)

 

E-commerce allows for seamless transactions between buyers and sellers through the internet. The availability of diverse the different types of e-commerce business models has made it easier for creative entrepreneurs to turn their visions into reality.

The e-commerce types include :

B2B (Business to Business)

Business-to-business (B2B), also known as B-to-B, encompasses transactions between businesses, like a manufacturer and a wholesaler, or a wholesaler and a retailer. This type of commerce involves dealings between companies, rather than between a company and individual consumers. It's different from business-to-consumer (B2C) and business-to-government (B2G) transactions (Chen, 2022)

B2C (Business to consumers)

Business-to-consumer (B2C) refers to the direct sale of goods and services from a business to end-user consumers. Companies that sell directly to consumers are typically referred to as B2C companies. The B2C business model gained widespread popularity during the late 1990s dotcom boom, particularly in reference to online retailers selling products and services to consumers via the internet. B2C differs significantly from the business-to-business (B2B) model, which involves commerce between businesses. (Kenton, 2023)

C2C (Consumer to Consumers)

In a customer-to-customer (C2C) business model, customers interact with each other for the purpose of trade, usually through an online platform. This type of market is exemplified by both auctions and classified ads. The growth of C2C commerce has been greatly facilitated by the internet, with companies such as eBay, Etsy, and Craigslist being leading players in this space (Tarver, 2022).

C2B (Consumers to Business)

Consumer-to-business (C2B) is a business model in which the end user or consumer creates a product or service that a company then uses to improve their operations or gain a competitive edge. This approach reverses the traditional business-to-consumer (B2C) model, where a business produces goods and services for consumer consumption (techopedia,2022)

B2G(Business to Government)

The practice of selling and promoting products or services to government entities at the federal, state, or local level is referred to as Business to Government (B2G). In contemporary terminology, there are three fundamental business models, namely, Business to Consumer (B2C), Business to Business (B2B), and Business to Government (B2G)(Kenton, 2023).

(Boeing,2023)

C2G (Consumer to Government)

C2G , also known as consumer-to-administration commerce, allows consumers to directly communicate with government authorities or administration by requesting information or providing feedback related to public sectors. This type of e-commerce can be demonstrated through activities such as making online payments for government services like electricity, health insurance, or taxes using a government website (indeed,2023).

(Gov.uk,2023)

References

AliExpress - Global Online shopping for apparel, phones, computers ... (no date). Available at: https://m.aliexpress.com/ (Accessed: February 13, 2023). 

Boeing (no date) The Boeing Company Official Website. Available at: https://www.boeing.com/ (Accessed: February 15, 2023).

Breaking down e-commerce businesses (2020) Red Dino Sdn Bhd. Available at: https://reddinoventures.com/understanding-e-commerce-businesses-a-simple-breakdown/ (Accessed: February 13, 2023). 

Chen, J. (2022) Business-to-business (B2B): What it is and how it's used, Investopedia. Investopedia. Available at: https://www.investopedia.com/terms/b/btob.asp (Accessed: February 13, 2023). 

Christmas vectors stock photos, royalty-free images and vectors (no date) Shutterstock. Available at: https://www.shutterstock.com/featured-collections/christmas-vectors-240017348 (Accessed: February 13, 2023). 

Find quality manufacturers, suppliers, exporters, importers, buyers, wholesalers, products and trade leads from our award-winning international trade site. Import & Export on Alibaba.com (no date) Alibaba. Available at: https://www.alibaba.com/ (Accessed: February 13, 2023). 

Kenton, W. (2023) B2C: How business-to-consumer sales works, 5 types and examples, Investopedia. Investopedia. Available at: https://www.investopedia.com/terms/b/btoc.asp (Accessed: February 13, 2023). 

Kenton, W. (2023) Business to Government (B2G): Selling to the Government, Investopedia. Investopedia. Available at: https://www.investopedia.com/terms/b/business-to-government.asp (Accessed: February 15, 2023).

Shop Outdoor Clothing Online | Canada goose GB (no date). Available at: https://www.canadagoose.com/uk/en/shop/ (Accessed: February 13, 2023). 

Tarver, E. (2022) What is c2c? how does the customer-to-customer model work?, Investopedia. Investopedia. Available at: https://www.investopedia.com/terms/c/ctoc.asp (Accessed: February 13, 2023). 

What is consumer-to-business (C2B)? - definition from Techopedia (no date) Techopedia.com. Available at: https://www.techopedia.com/definition/23258/consumer-to-business-c2b (Accessed: February 13, 2023). 

What is consumer to business (C2B): Definition and examples (no date). Available at: https://www.indeed.com/career-advice/career-development/consumer-to-business (Accessed: February 15, 2023).