The e-commerce market is expanding at a rapid pace, with new technologies and innovations coming out every day. As the E-commerce market is booming it becomes more and more competitive. Without question or hesitation; we can say that there are many types of sites available these days for your online business needs! Yet, knowing the types of businesses that dominate this space can help you creates a successful business strategy for your enterprise! With these numbers in mind—and thanks to Statistic’s research team who compiled them!--we find ourselves with some interesting insight on where our future lies:
The global e-commerce market is expected to grow 45.8% in five years, from an estimated $3 trillion last year alone! Today's numbers show that 19 out of every 20 retail transactions happen online, and this number will only continue increasing as we move forward with 8 points more growth predicted for 2024 compared against 2018 rates - which would mean about 21 billion Euros being spent each month on digital purchases alone (a whopping 500 million increase)!
In this article, we have combined the knowledge of E-commerce with different e-commerce types. We do so by expanding on theory with practical experience whenever possible to give you an example of how developing your business model can change what is expected when it comes to technology and platforms used for online transactions.
What is E-Commerce?
When people buy and sell products online, they’re engaging in e-commerce. Ecommerce is a term that covers different activities. Every time we buy or sell products online, for example purchasing items over the internet with a bonus of being able to pay by credit card through your favorite websites' checkout process - You're doing E-Commerce! The term also encompasses other activities like auctioning off items through websites or banking services that are available to customers without traditional brick and mortars storefronts.
Different Categories Of E-Commerce Business Modules
As E-Commerce development experts, we know how it varies depending on the business model.
For this article, we’ve brought together our knowledge of different types of businesses, so you can see what practices are more typical for each one!
Business To Consumer (B2C)
The B2C (business-to-consumer) e-commerce model represents a transaction between businesses and individuals. It's the most common business strategy for both physical retailers who sell goods online as well, like Amazon or eBay to name just two examples out of countless others available in our society today!
Business To Business (B2B)
The B2B (business-to-business) e-commerce model is a business-to-business transaction in which one party provides products or services for another.
The B2B e-commerce market is a thriving space for businesses looking to buy products from other companies. The process typically starts with an offer made by the business that desires goods or services, which may be accepted via email and then completed through any number of means including phone calls, web chats (such as Skype), instant messages on Face book Messenger etcetera-whatever works best suited for both parties involved!
Difference Between B2C and B2B
In B2B transactions there must be multiple units of the same product or service to make them beneficial for both companies involved. The key difference between B2C and B2B e-commerce is that most companies already have an online storefront, where they promote their products for sale directly to consumers. However, many of these same companies sell their products through distributors, local retailers, and online stores as well as on their websites.
Consumer To Business (C2B)
The C2B (consumer-to-business) model is the best way for individuals who have products or services that they would like to offer companies. In this framework, entrepreneurs work with clients at all levels of business from small start-ups through multinational corporations; freelancers can also fall under these categories if their projects span different organizations over time rather than being confined exclusively on one side as per client assignments.
Consumer To Consumer (C2C)
The C2C (consumer-to-consumer) e-commerce is a booming industry that connects consumers. This is a type of online business model that focuses on selling goods and services directly from the seller to their customer. Consumers sell their assets or services online through third-party websites, Individuals use platforms like eBay or Amazon as third parties for placing ads, connecting them with potential buyers/sellers to get sales going!
The way to sell online is not always easy, but it's worth the effort. As opposed to selling your product or service at physical stores you can use C2C e-selling techniques so that all of those involved will be connectable through social media platforms such as Facebook, Instagram, etc.!
Government To Business (G2B）
What could be more efficient than interacting with your government through an online platform? Businesses can now make transactions and accommodations for their needs in just a few clicks. This saves both times, money and strengthens the bond between corporate entities because it reduces paperwork!
When the government requires something done, they hire a private company to do it. The classic example of this is when you go on your tax website and pay taxes without ever having had to contact an actual person from Revenue Protection Agency beforehand!
Government to Consumer (G2C)
The G2C (Government-to-consumer) transactions will be made easier with the help of online platforms. This way, citizens can complete their tasks at home online where it is much quicker and more convenient for them.
One of the most effective ways to improve government efficiency is through online transactions. These processes can streamline communication between governmental organizations and citizens, who may use this method for paying fees among other things. It's faster than snail mail!
Now that you’ve completed this guide on how these models work in online Platforms, it's time for some real-world application. The most important thing about any business model is the implementation - without proper planning and execution, there won't be a success! So make sure to have all your ducks in a row before launching an online business in any of the above business modules.