🛒 What is E-commerce?
E-commerce, or electronic commerce, refers to the buying and selling of goods and services online.
This type of commerce has become increasingly popular in recent years, as more and more people shop and transact business online.
E-commerce offers many benefits, including convenience, a wider selection of products and services, and lower prices.
Although E-commerce may refer to any sort of business transaction that takes place over the internet, it is most often used to imply the buying and selling of physical products via online store.
Some common examples of E-commerce platforms include Amazon, eBay, and Alibaba.
🛍️ Types of E-commerce
There are four main types of E-commerce:
- Business-to-consumer (B2C)
- Business-to-business (B2B)
- Consumer-to-consumer (C2C)
- Consumer-to-business (C2B)
The most common type of E-commerce is business-to-consumer. In this model, businesses sell products and services to consumers through an online store.
Business-to-business E-commerce involves the sale of goods and services between businesses.
An example of this would be an online marketplace like Alibaba, where businesses can buy and sell products and services to other businesses.
Consumer-to-consumer E-commerce occurs when consumers sell goods and services to other consumers through an online platform.
An example of this would be someone selling a used car on eBay.
Finally, consumer-to-business E-commerce refers to the sale of goods and services by consumers to businesses.
One example of this would be a customer posting a project on a freelancing platform like Upwork and businesses bidding on the project.