What Is Electronic Commerce (Ecommerce)?
Ecommerce is the buying and selling of goods and services over the Internet. The term electronic commerce (ecommerce) refers to a business model that allows companies and individuals to buy and sell goods and services over the Internet. As noted above, ecommerce is the process of buying and selling tangible products and services online.Ecommerce has evolved in many ways since its start, and it’s changing the way we live, shop and do business. Let’s dive into the history and the future of ecommerce.
To fully understand ecommerce, let’s take a look at its history, growth and impact on the business world. We will also discuss some advantages and disadvantages to ecommerce, plus predictions for the future.
Business-to-Consumer (B2C).
B2C ecommerce encompasses transactions made between a business and a consumer. B2C is one of the most popular sales models in the ecommerce context. For example, when you buy shoes from an online shoe retailer, it’s a business-to-consumer transaction.
Business-to-Business (B2B).
Unlike B2C, B2B ecommerce encompasses sales made between businesses, such as a manufacturer and a wholesaler or retailer. B2B is not consumer-facing and happens only between businesses.
Consumer-to-Consumer (C2C).
C2C is one of the earliest forms of ecommerce. Customer-to-customer relates to the sale of products or services between customers. This includes C2C selling relationships, such as those seen on eBay or Amazon.
Consumer-to-Administration (C2A).
B2A covers the transactions made between online businesses and administrations. An example would be the products and services related to legal documents, social security, etc.
Examples of E-Commerce
- Amazon.
- Flipkart.
- eBay.
- Fiverr.
- Upwork.
- Olx.
- Quikr.