Did you know that the value of the e-commerce market is expected to reach $200 billion by 2026? It is a really large number that will spark your curiosity to know more about this field that is increasing in popularity and growth with each passing day, and even if you do not know what exactly the concept of e-commerce means, there is no doubt that you hear about it from time to time.
From small businesses to market giants, everyone is benefiting from the e-commerce industry, and there is no turning back.
Are you interested in selling products online and earning large sums of money in return? If you do, then you are in the right place, because today we will introduce you to everything related to e-commerce, its concept, types and features.
What is e-commerce?
Electronic commerce or eCommerce in English is the process of buying and selling products or services, making money transfers and transferring data using an electronic medium (the Internet).
This process allows individuals and companies to conduct their business without any restrictions related to time or geographical barriers.
What are the types of electronic commerce?
Often when we think of e-commerce, the first thing that comes to our mind is the commercial transactions between a supplier and a customer, but although this is true, commerce involves more than that.
In fact, there are 6 main types of e-commerce, which are as follows:
- Inter-company B2B.
- From corporate to consumer B2C.
- among C2C consumers.
- From Consumer to Corporate C2B.
- From businesses to B2A departments.
- From Consumer to Administration C2A.
1- B2B e-commerce:
or Business-to-Business in English. This type of commerce includes all electronic transactions of goods or services that take place between companies.
The merchandise producer and traditional wholesalers usually work with this type of e-commerce.
2- B2C e-commerce:
Or Business-to-Consumer in which electronic commerce relationships are established between companies and end consumers, as this type is very similar to the retail division of traditional commerce.
Business relationships of this type are easier and more dynamic, but they can also be discontinuous. It is worth noting that e-commerce between businesses and consumers has developed significantly in recent times.
Today, there are many electronic stores and virtual malls on the Internet that sell various types of consumer goods such as electronic and digital devices, clothes, shoes and even food.
3- Consumer electronic commerce C2C:
or Consumer-to-Consumer in English. In this type of e-commerce, all electronic transactions of goods or services take place between consumers. Where these transactions are conducted through a third party that provides a platform or system that enables consumers to actually complete these transactions.
4- E-commerce from consumers to companies C2B:
It is an abbreviation of Consumer-to-Business in English.
This type of e-commerce is particularly common in social outsourcing or crowdsourcing projects where a large number of individuals offer their services and products for sale to companies that are specifically looking for these types of services and products.
Examples of this type of commerce are websites where graphic designers present their offers to design the logo of a major company, for example, and the company then chooses only one design and buys it. Or, for example, websites that sell royalty-free photos, audio, and various other design elements, like iStockphoto.
5- E-commerce from companies to management B2A:
This type of e-commerce, known as Business-to-Administration in English, includes all transactions that take place over the Internet between different companies and government administrative institutions.
This field includes a wide and diverse range of services such as tax services, social security services or legal records and the like.
The spread of these services has increased in recent years, especially with the large investments that have been made in developing and building e-governments.
6- E-commerce from consumer to management C2A:
In English Consumer-to-Administration, this type of e-commerce involves all electronic transactions between individuals and government departments, such as:
- Education: distance education, information dissemination...etc.
- Social Security: Dissemination of information related to this field, payments, etc.
- Taxes: from filing tax returns, payments, and more.
- Health sector: booking medical appointments, information and awareness brochures about diseases, paying for health care services...etc.
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