4 Different Types Of E-commerce In Business

E-commerce is still a relatively new sales method. Most people are aware of what it means. E-commerce is the act of selling an item electronically using the internet, for those who do not know. It is how millions of people are able to receive parcels every day. However, not everyone is fully aware of the different types of e-commerce.

There are many reasons why and how a person can buy items or services in the online space. With that said, here are some of the different types of e-commerce in business worth keeping in mind.

B2B E-commerce

B2B, or business-to-business, e-commerce is exactly what it sounds like. It is a means for businesses to sell items or services to a different businesses electronically. This is mainly done between a supplier and manufacturer. As such, B2B e-commerce deals with large quantities of materials. Therefore, businesses that trade on this scale must also have a highly detailed digital administration service to track and manage all these goods. The amount of B2B activity has risen in recent years as 99% of all new businesses in the UK now operate from home. This is mainly because modern technology has greatly improved the possibilities of remote working.

B2G E-commerce

B2G is another simple e-commerce model to understand once you know what the acronym stands for. B2G means business to government and refers to any instance when a business may sell goods to a government across the web. For example, a government can use the e-commerce capabilities of a company to bid for a specific contract. This usually happens when medical equipment or safety equipment is needed for a large-scale project.

B2C E-commerce

B2C e-commerce stands for business to consumer, and it is probably one of the most common types of e-commerce. This type of e-commerce takes place whenever an individual buys something from a company using the internet. As you can imagine, it is highly likely that you have engaged in B2C e-commerce at some point. Companies can choose to set up their own e-shop or use help from a Shopify developer. If you find that an e-store looks particularly professional, then chances are that the business has used Charle’s Shopify development agency. A good e-store should have clear pricing, be easy to navigate, and have great customer engagement opportunities.

C2C E-commerce

As digital technology expands, so too has the way in which we buy and transfer goods. As such, the stands the number of people engaging in C2C e-commerce is rising. C2C stands for customer-to-customer and explains how one person can buy something from another using the internet. This includes the use of social media sales sites or using second-hand marketing companies, like eBay, to advertise and sell your wares.

Summary

As you can see, e-commerce has a further reach than you initially thought. As such, you can expect it to become the dominant sales technique in multiple fields as we move further into the digital age. E-commerce is not just for the average consumer’s benefit anymore.