Shall we analyze with you, what is e-commerce? What are the types of e-commerce? Why is it so important for business? But we will give you some practical advice.
E-commerce is the most talked about thing in the field of business and interest in this area is growing every year. However, this is not surprising, because it is much more convenient and easier to sell, buy or advertise online than offline.
E-commerce is a sphere of economy where advertising, commercial financial transactions are carried out on the Internet. When you sell or buy something online, it’s called e-commerce.
E-commerce is a very convenient tool for selling and buying goods or services. The main task is to understand how it works in the field of business in order to be successful in its niche.
What are the types of e-commerce?
B2B – commerce for business
“From business to business” – this type of commerce works according to this principle. When one company provides its goods or services to another company and not to ordinary consumers.
B2C is commerce for the consumer
This type of commerce is the main business. After all, the company provides its goods and services directly to the user.
C2C – consumer-to-consumer commerce
This type of electronic commerce can be characterized as follows: one consumer sells goods directly to another consumer without producing them himself.
Dropshipping is a great example here. When users post various products on social media pages, selling them, but not manufacturing them. They take finished goods from manufacturers.
C2B – commerce from consumer to business
This type of e-commerce is the opposite of B2C. Because the consumer is already providing something to the business. And also provides an opportunity to independently set the price for various services offered by companies.
B2A – business administration
This type of commerce covers online transactions conducted by various companies and governments. This e-commerce is used in fiscal and social security and when working with various legal documents.
C2A – commerce between consumers and administration
This type of e-commerce is not very popular. It includes transactions between consumers and government agencies.
You and I have figured out the types of e-commerce. And now let’s move on to practical tips for e-commerce success.
Openness to investment
Everyone understands that the investors of your business not only provide the business with financing and cover all kinds of expenses, but also help to adjust to bigger goals for development. And this is a great incentive for owners or founders of various companies to seek greater opportunities and challenge themselves.
The next piece of advice is an equally important factor in business development, such as geographical expansion. When opening your first physical point of the company, it is important not to focus only on its development. It’s important to understand that expanding your business is essential for your brand to be recognized around the world. Therefore, you need to set big and global goals in order to reach great heights.
Creating a brand
When starting your business from scratch, you need to understand what exactly you want and start working on your brand.
Advantages of creating a brand:
shows your uniqueness;
increases the recognition of your product;
effective building of brand loyalty.