Electronic Commerce or E-Commerce is a business model that allows people to buy and sell products over the internet.
It is very helpful for vendors, to increase their business in online space at a fast pace. It could be multi vendors or company-oriented, depends upon the type of products which a vendor wishes to sell.
E-commerce, which can be conducted over computers, tablets, or smartphones may be thought of like a digital version of mail-order catalogue shopping. Nearly every imaginable product and service is available through e-commerce transactions, including books, music, plane tickets, and financial services such as stock investing and online banking.
E-Commerce is categorised in the following types:
- Business to business (B2B)
- Business to consumer (B2C)
- Consumer to consumer (C2C)
- Consumer to business (C2B)
- Business to Administration (B2A)
- Consumer to Administration (C2A)
Business to Business Model (B2B)
It comprises of several parts of the business, which helps to run 2-way business. This type of E-Commerce consists of all the electronic transactions and dealings related to the goods and services. These basically are conducted between companies and include conventional wholesalers and producers dealing with retailers.
Business to Consumer Model(B2C)
The Business-to-Consumer E-business model is related to the transactions and relationships between businesses and the end customers. This is mainly to do with the retail eCommerce trade that takes place online. With the inception of the internet, B2C eCommerce has evolved to a great extent. The connection in B2C is a wide range of customers.
Consumer to Consumer Model(C2C)
Consumer to consumer is short term connection business.
This eCommerce model consists of electronic transactions of products and services between two customers. These are mainly conducted through a third party that provides an online platform for these transactions. Sites, where old items are bought and sold, are examples of C2C eCommerce.
Consumer to Business Model(C2B)
C2B is a business model in which Consumers create some beneficial services and job for companies. In C2B Model customers name the price of a product or services they wish to buy.
The consumer to business model helps both seller and buyer as a business to individuals. The intermediary between both users in the transaction, is finally substituted to the end services, which helps out a consumer to sell his/her product and services on their demands.
Every business model teaches us to deal a good profit, and that all is focused in one side, but this model provides us opportunity to deal with profit at both ends or sides, wither it is customer or business firm.
Business to Administration Model:
It is often known as Business with Government. Some few online websites used and controlled by the government to run a business firm, where these types of services are given and products are sale comes under Business to Administration Model. Such websites are accredited by the government and provide a medium to businesses to submit application forms to the government.
Consumer to Administration Model:
Government provides some websites to deal directly with its citizens. Such websites support public actions for vehicles, manage travelling across PAN india or foreign.It provides services for other things such as certificates for Date of Birth, Marriage, or many others. The main objective of Business to Adminstration Model is to deal with citizens for a government ruling over.
Consumer to Administration model helps people to avail facilities of schemes provided by government to its citizens.
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