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E-Commerce is the buying and sealing concept of any kind of product or service over the internet or any other electronic media. In this competitive business market online platform becoming more and more popular to the business owner as well as to customers due to the technological development and globalization all over the world.
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According to the increasing of E-commerce industry every business owner are trying for a online store as it’s have better output. A seller can involve at e-commerce business by the two ways like by the own online platform or can work as a merchant with any well reputed brand those are existing at market. In the US market up to 60% people are purchasing from e-commerce store and in this volume are increasing day by day as it’s comfortable for user to place order from home or any other location 24/7.
Type of Image or Need
Business to Business (B2B)
There are four major types E-commerce transactions. It can be basically as on below criteria.
Business to Business (B2B) it means dealing in between two business owner and both are at market for business purpose for example wholesaler and retailer or it can be as well with manufacturer. In this module can expand at import and export businesses as well by the blessing of e-commerce.
Business to Consumer (B2C) in this stage transaction become in between business and customer. It’s indicate that customer pursue product for final use for his/her or any other individual. It’s have the opportunity for greater customer loyalty at e-commerce platform.
Consumer to Business (C2B) it’s a reverse of B2C as here business transaction take place between consumers to business of e-commerce. For example we can say about freelancer.com, where individual can post in this marketplace for hiring any company or interest person as on requirement after details discussion for any project or task.
Consumer to Consumer (C2C) in this business model involve a transaction between two consumers. For more clarification we can give example about e-commerce auction. As we know few website are playing role here. Where customer post for sale any product and potential customer bids for the same and as a middle man marketplace get percentage as on their terms and condition of e-commerce policy.
The importance of e-commerce business becoming more and more popular to buyer and sealer day by day. Because both of this parties getting benefits from this marketplace. As a seller they don’t need to invest big amount for their business to the purpose of outlet or infrastructure development. E-commerce business can be run from a remote place, that means no need prime location as it can be managed by the warehouse only.
In according to, E-commerce marketplace allows buyer or consumer lot’s of benefits which bring this option in favor of customers as it’s time convenient to do purchase. If we compare with traditional market its take more time to select and take purchase decision of desire product.
As user need to physically visit market and need to search targeted product from suitable shop within budget. Besides consumer have others facility at e-commerce such as Varity of product option, comparatively lower cost than traditional market, transparent business transaction etc.
E-commerce market not only provides benefits to the customer or seller but also for the manufacture. As manufacture getting comparatively higher price than traditional market process. So, as on above explanation E-commerce is a new business trend. As a business owner everyone should emphasized on online shop. As already develop nations adapt on technology