14-Type of E Commerce | MSIT | AEU | #ecommercebusiness #ecommerceandroidapp #ecommercecourse

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. It’s also known as electronic commerce or internet commerce.
How does e-commerce work?

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.

E-commerce allows a customer to place an order via online stores, websites, or social channels. 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:

Receiving the order
Updating stock or inventory levels and confirming if there’s sufficient stock
Processing the payment for the order
Confirming adequate funds were received to fulfill the order
Notifying the customer that the order was successfully processed.
Notifying the shipping department for the order to be shipped to the customer, or access to the service to be granted.

Types of e-commerce: Business models and examples

As commerce continues to evolve, so do the ways that it’s conducted.
The most traditional types of e-commerce business models and examples of how they work include:

Business to Consumer (B2C): B2C e-commerce is the most popular e-commerce model. 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 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 business e-commerce isn’t consumer-facing, and usually involves products like raw materials, software, or products that are combined. Manufacturers also sell directly to retailers via B2B ecommerce.
Direct to Consumer (D2C): Direct to consumer e-commerce is the newest model of ecommerce, and trends within this category are continually changing. D2C means that a brand is selling directly to their end customer without going through a retailer, distributor, or wholesaler. Subscriptions are a popular D2C item, and social selling via platforms like InstaGram, Pinterest, TikTok, Facebook, SnapChat, etc. are popular platforms for direct to consumer sales.
Consumer to Consumer (C2C): C2C e-commerce refers to the sale of a good or service to another consumer. Consumer to consumer sales take place on platforms like eBay, Etsy, and Fivver.
Consumer to Business (C2B): Consumer to business is when an individual sells their services or products to a business organization. C2B encompasses influencers offering exposure, photographers, consultants, freelance writers, etc.
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. For example, government agencies may orders goods or services from external third-party contractors for cleaning and maintaining of public spaces like parks.
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. Examples include paying an electricity bill or taxes through a government website.

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