E-commerce is a business concept that allows businesses and consumers to buy and sell products or services online.
There are numerous e-commerce business models for consumers and businesses to enable online transactions globally with a variety of ecommerce platforms.
- B2C (Business-to-Customer),
- B2B (Business-to-Business)
- B2B2C (Business-to-Business-To-Customer)
- B2G (Business-to-Government)
- C2B (Customer-to-Business)
- D2C (Direct-to-Customer)
- C2C (Customer-to-Customer).
Key Statistics:
- Ecommerce sales are expected to reach $6.3 trillion by 2024. In comparison, the worldwide sales from ecommerce were $4.28 trillion in 2020. (Statista)
- The B2B e-commerce market is close to $8 trillion (US).
The Most Common Types of E-commerce Business Models
If you’re launching an e-commerce business, you’ll almost certainly fall into one of these broad groups. Each has advantages and disadvantages, and many businesses operate in more than one.
Knowing which bucket your concept belongs to might help you think imaginatively about your possibilities and risks.
PROS can position your business to maximize its potential regardless of its growth stage or business strategy. If you want to learn more, contact us.
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