Types/Categories/Modes of e-commerce.
There are three main types of e-commerce as follows:
1) Business To Consumer (B2C)
B2C ecommerce consists of selling goods and services to individual consumers. In this type, consumers or customers can visit the website and purchase goods online. The website will have a StoreFront. This storefront will show product details, pictures and a shopping cart. Shopping cart is used to collect items to purchase.
Advantages of B2C e-commerce
B2C e-commerce has the following advantages:
* Shopping can be faster and more convenient.
* Offerings and prices can change instantaneously.
* Broadband telecommunications will enhance the
2) Business To Business (B2B)
B2B e-commerce takes place between two businesses. One business provides services to other business. Examples of B2B include:
Online Advertisement, recruiting, sales, marketing, technical support and training. For eample, some companies provide online purchasing, tracking and transaction facilities to other companies.
3) Consumer To Consumer (C2C)
C2C e-commerce takes place between two consumers. For example, one consumer sells an item through online auction. The other consumer purchases this item by offering the highest bid.
There are many sites offering free classifieds, auctions, and forums where individuals can buy and sell. Thanks to online payment systems like PayPal where people can send and receive money online with ease.
eBay’s auction service is a great example of C2C where person-to-person transactions take place everyday since 1995.
Basics of eCommerce
Ecommerce Payment Systems/ ePayment