E-commerce is the process of buying and selling goods or products online. The ‘e’ in e-commerce stands for electronic or internet where internet commerce is also another way of calling e-commerce. There are four ways of doing e-commerce online.
- 1. Business to Business (B2B)
- 2. Business to Consumer (B2C)
- 3. Consumer to Consumer (C2C)
- 4. Consumer to Business (C2B)
This enables companies to do business amongst themselves which mostly comprises of Manufactures, Wholesale Merchants & retailers. Here the end user is not the target.
This enables the Consumer to directly buy their intent online. The consumer visits a website to see for himself the available products online, which are displayed in an orderly fashion & chooses what he wants to buy & orders. Some examples of these online stores are Amazon, Flipkart, Myntra etc
Here the consumers interact between themselves and buy / sell their products. The consumer displays his product, refurbished or any used items that he no longer needs on a portal / website which grabs the attention of the another consumer who is looking for the same & closes the deal online. Some examples of these portals are OLX, Quikr, etc.
This model is where the service provider gets benefited from the consumer for a service or product that he has to offer. This is the model that is adopted by many freelance websites. Some example are freelancer, Upwork, Fiverr etc.