E-commerce is the use of Internet and the web to execute business yet when we center around carefully enabled commercial exchanges between and among associations and people including data systems under the control of the firm it takes the type of e-business. These days, ‘e’ is picking up momentum and the vast majority of the things if not everything is getting carefully enabled. In this way, it becomes very essential to clearly adhere to a meaningful boundary between different types of commerce or business integrated with the ‘e’ factor. There are primarily five types of e-commerce models
- Business to Consumer
As the name suggests, Beyond Six Figures Review is the model including businesses and consumers. This is the most well-known e-commerce segment. In this model, online businesses sell to singular consumers. The fundamental concept behind this type is that the online retailers and marketers can sell their items to the online consumer by utilizing completely clear information which is made available by means of different online marketing instruments. E.g. an online drug store giving free medical counsel and selling medicines to patients is following B2C model.
- Business to Business
It is the largest type of e-commerce including business of trillions of dollars. In this structure, the buyers and sellers are both business entities and do not involve an individual consumer. It is like the manufacturer providing merchandise to the retailer or wholesaler. E.g. Dell sells computers and other related accessory online however it is does not manufacture every one of those items. Thus, so as to sell those items, it first purchases them from different businesses i.e. the manufacturers of those items.
- Consumer to Consumer
It facilitates the online exchange of merchandise or services between two people. Despite the fact that there is no visible intermediary involved however the parties cannot complete the exchanges without the stage which is provided by the online market maker, for example, eBay.
- Peer to Peer
Though it is an e-commerce model yet it is more than that. It is a technology in itself which helps people to directly share computer files and resources without experiencing a central web server. To use this, the two sides need to introduce the required software with the goal that they can communicate on the regular stage. This type of e-commerce has quite low revenue generation as from the earliest starting point it has been inclined to the free usage due to which it sometimes got entangled in cyber laws.
There are other types of e-commerce business models too like Business to Employee B2E, Government to Business G2B and Government to Citizen G2C however in essence they are like the above mentioned types. Moreover, it is not necessary that these models are dedicatedly followed in all the online business types. The facts may confirm that a business is utilizing all the models or just one of them or some of them as per its needs.