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The total sales of different types of ecommerce models hit $257.62 billion in Q4 of 2021. For entrepreneurs who are planning to invest in the ecommerce world, it is very important to choose the right ecommerce business model.<br><br>Thatu2019s why Techosquare decided to create this graphic and share the most popular ecommerce business models:<br><br>Business to business ecommerce(B2B)<br>Business to consumer ecommerce(B2C)<br>Consumer to consumer ecommerce(C2C)<br>Consumer to Business ecommerce(C2B)<br><br>Check out our website to learn about web and ecommerce development: <br><br>https://www.techosquare.com/<br>
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According to Commerce Department data, the total sales of different types of ecommerce models hit $257.62 billion in Q4 of 2021. This number went up 9.2% from $235.96 billion for the same period in the prior year. For entrepreneurs who want to invest into the ecommerce world, choosing the right ecommerce model is very important. That's why Techosquare is sharing popular ecommerce business models. Read on!
BUSINESS-TO-BUSINESS ECOMMERCE (B2B) The Business-to-Business (B2B) is a type of ecommerce model that involve the exchange of products, services, or information between businesses via online channels. Instead of taking orders through traditional methods like paper sale orders or retrieving products from shelves at a distribution center, businesses carry transactions digitally.
BUSINESS-TO-CONSUMER ECOMMERCE (B2C) Business-to-Consumer ecommerce (B2C) is the exchange of goods or services between online stores and individual customers. With this type of ecommerce model, businesses don’t have to pay for brick-and-mortar stores since transactions take place online. With B2C ecommerce, entrepreneurs are not tethered to a specific location and audience.
CONSUMER-TO-CONSUMER ECOMMERCE (C2C) Consumer-to-consumer (C2C) ecommerce is a commerce model in which one consumer sells goods or services to other consumers, typically in an online environment. Their transactions are led by a third-party business or platform like online auction, classified advertisements, social media websites, or ecommerce websites. Learn about web app development services in India.
CONSUMER-TO-BUSINESS ECOMMERCE (C2B) Consumer-to-Business ecommerce (C2B) lets businesses and consumers build a fruitful relationship in conjunction. It’s exactly the reverse of the B2C ecommerce model. C2B electronic commerce model let the end consumers sell their products/services to companies. This type of ecommerce business model is often used in crowdsourcing-based projects.
TYPES OF ECOMMERCE: ENDNOTE Above are the most popular ecommerce models to make it easy to choose the right ecommerce business for your idea. Take a deep breath, and do thorough research on your audience and competitors. We are certain you will successfully launch your online store one day! Got any queries to ask? Send them to info@techosquare.com and have them answered by our ecommerce experts. Learn about ecommerce website development services in India
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