Physical goods include both durable (think: cars, TVs, furniture) and non-durable goods (e.g., food and beverages). The sale of physical goods is the exchange of monetary value for the purchase of goods that are tangible and have physical mass, for example, merchandize. Unlike brick-and-mortar businesses, an ecommerce store can take on a number of forms where the economic exchange involves a variety of products and services. Type of goods you can sell through an e-commerce business Examples include paying an electricity bill or taxes through a government website. Consumer to Government (C2G): Also called consumer-to-administration (C2A), consumer to government enables consumers to provide feedback or request information regarding public agencies directly to the government administration or authorities.For example, government agencies may orders goods or services from external third-party contractors for cleaning and maintaining of public spaces like parks. Business to Government (B2G): Also known as business-to-administration (B2A), business to government involves the sale of goods and services between the business sector as a supplier and a government entity as a customer.C2B encompasses influencers offering exposure, photographers, consultants, freelance writers, etc. Consumer to Business (C2B):Consumer to business is when an individual sells their services or products to a business organization.Consumer to consumer sales take place on platforms like eBay, Etsy, and Fivver. Consumer to Consumer (C2C): C2C e-commerce refers to the sale of a good or service to another consumer. are popular platforms for direct to consumer sales. Subscriptions are a popular D2C item, and social selling via platforms like InstaGram, Pinterest, TikTok, Facebook, SnapChat, etc. D2C means that a brand is selling directly to their end customer without going through a retailer, distributor, or wholesaler. Direct to Consumer (D2C): Direct to consumer e-commerce is the newest model of ecommerce, and trends within this category are continually changing.Manufacturers also sell directly to retailers via B2B ecommerce. Business to business e-commerce isn’t consumer-facing, and usually involves products like raw materials, software, or products that are combined. Business to Business (B2B): B2B e-commerce refers to a business selling a good or service to another business, like a manufacturer and wholesaler, or a wholesaler and a retailer.Business to consumer means that the sale is taking place between a business and a consumer, like when you buy something from an online retailer. Business to Consumer (B2C): B2C e-commerce is the most popular e-commerce model.The most traditional types of e-commerce business models and examples of how they work include: Types of e-commerce: Business models and examplesĪs commerce continues to evolve, so do the ways that it’s conducted. Notifying the shipping department for the order to be shipped to the customer, or access to the service to be granted.Notifying the customer that the order was successfully processed.Confirming adequate funds were received to fulfill the order.Updating stock or inventory levels and confirming if there’s sufficient stock.After the customer places an order, the order details are relayed to a central backend system – an e-commerce platform, which facilitates or performs several tasks, including: The process of buying and selling goods and services online typically consists of the exchange of data or currency to process a transaction involving more than one entity or individual.Į-commerce allows a customer to place an order via online stores, websites, or social channels. (In other words, “what is e-commerce” is far easier to answer than how to spell it, so we may have to agree to disagree on the proper spelling). Here’s a few variations of how e-commerce is spelled: The truth is, there isn’t any one that’s right or wrong, and it usually comes down to preference. Today, questions about e-commerce usually center around which channels are best to execute business online, but one of the most burning questions is the appropriate spelling of e-commerce. Online selling has changed tremendously since it began the evolution and history of e-commerce is fascinating – and it’s advancing at an even quicker pace today. It’s also known as electronic commerce or internet commerce. E-commerce is the buying and selling of goods or services via the internet, and the transfer of money and data to complete the sales.
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