It is said that traditional business is dying every day by introducing new technologies to the consumer. In the past years, E-commerce has taken a considerable jump in the market, ranking number one in the consumer experience. The companies hire professionals from the Information Technology industry to develop their very own E-commerce portal. It has become a very famous and widely used platform for both big and small businesses. You can find almost every known and growing firm having their e-commerce showcase their product, sell their product, and customer interaction. This increases the chances of the online transaction on an eCommercecustom development of the website.
Variety of E-commerce business
In
the field of e-commerce, there are majorly three types. B 2 C ( Business to
consumer ), B 2 B ( Business to Business ), C 2 B ( consumer to business ), and
C 2 C ( consumer to consumer ). In B 2 C, a business firm supplies the products
and services to its target audience and consumer, be it of any category. B 2 B,
a business firm provides the products or services to other business firms, like
a raw material maker may sell the raw materials to the factory or manufacturer
to convert the raw material into finished goods and sell it in the market or to
the consumer directly. C 2 B, wherein a consumer gives the used product to the
business for recycling the same usage, like consumer selling old car in
exchange of new vehicle from the same showroom of purchase or exchanging old
phone for a brand new smartphone. In C 2 C, the consumer sells used products to
another user depending on the condition; eBay and olx are the best examples of
it where people put up almost anything for sale to other consumers. These days
one more category has been introduced of B 2 G. Business firms sell their
product to government institutions at a lower price. Still, higher quantity,
tata motors is an excellent example of atata safari storme to the soldiers with
high-grade materials and strong built quality.
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