Ecommerce business models:
Introduction:
E-commerce business models refer to the way your e-commerce business is run. Now a day’s e-commerce become buzzing word. There are lots of opportunities for youngsters in this blooming industry. According to ibef.org The Indian E-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51%, the highest in the world. Reasons behind this growth are mobile penetration as well increase of internet accessibility. As well this Covid-19 situation also pushed this industry towards growth in a positive way.
Ecommerce is a booming industry with an array of business models available for entrepreneurs to choose from. There are lots of opportunities for entrepreneurs in E-Commerce Market.
Meaning:
E-Commerce means electronic commerce. This is a platform where firms or individuals buy and sell products and services over the internet. With the help of internet you can get almost products or services at your door step. E-commerce is the sales of goods and services through the use of the Internet by introducing a flexible but profitable online marketing system. E-Commerce models are all about providing the best service to their customers allowing them to save money and time.
E-commerce would be divided into four business models:
Ecommerce business models are divided into Four types – B2C (Business to Consumer), B2B (Business to Business), C2C( Consumer to consumer) and C2B. B2C means business-to-consumer and the online purchase made by a customer by his own action. B2B means business-to-business, where one company buys goods or services from another company directly. C2C is a business model where customers purchase goods from other customers via a third-party platform or business. C2B is a type of commerce where a consumer or end user provides a product or service to an organization.
1. B2B Model (Business to business):
In this ecommerce business model businesses sell products or services to another businesses. In this business model buyer is rarely end user but mostly they are reseller.
Following are the examples of this model:
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Alibaba
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Indiamart
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TradeIndia
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Go4worldbusiness
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JImtrade
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Tradeford
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Amazonbusiness
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GlobalTradeBazar
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WorldTrade
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Udaan
2. B2C Model (Business to Customer):
Here businesses sells products and services to end user customers. In this B2B ecommerce business model seller uses market places, Facebook, Instagram other social media platforms as well apps etc.. to reach their customers.
Following are the examples of Business to Customer Model:
3. C2B Consumer to Business:
In this ecommerce business model consumers sells products and services to businesses. There are lots of opportunities in this business model. In this model Businesses pay to individuals for their product or services. Social media influencer is a highly suitable and buzzing word for this example of this model.
Following are the examples:
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Upwork
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Fiverr
4. C2C Consumer to Consumer:
In this ecommerce business model consumer to consumer model both the parties undertaking a business activity on a platform. Here individuals can sell services or product to another individual. There are many platforms which connect one individual to another individual.
Following are the examples:
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OLX
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Quickr
If you are a retailer, wholesaler or manufacturer and want to sell on Amazon, Flipkart, Meesho and other ecommerce platform and you have no time to manage account then we are here to help you. If you have no product then we are here to guide you about drop shipping model. For more details, feel free to contact us.
