An online store works in the same way as a traditional store with bricks and mortar. Whether you’re doing business online or in a store, the steps are the same.
On a larger scale, the three main steps of the eCommerce process could be split up. The first step is to get the order, then process it, and then send it. Doesn’t every business work this way? What makes eCommerce business models different from those of other companies in the same field?
We need to find out what makes eCommerce businesses different from other types of businesses in terms of how they work. This blog post will also tell you everything you need to know about the different types and processes of online eCommerce businesses, as well as why you should hire ecommerce development services.
What is Ecommerce ?
eCommerce is the process of buying and selling goods or services, exchanging money, and sending data over a computer network (also known as electronic commerce). Thanks to this network, people can do business no matter where they are or when they have time.
Amazon says that ecommerce is a storefront business that has been turned into an online storefront so that goods and services can be bought and sold online. Depending on the strategy, the statement says that either a business model or a distribution channel can be used.
It makes it possible for businesses to talk to clients all over the world. There are many eCommerce development companies that offer a wide range of services to help eCommerce businesses grow and get better.
It’s important to know the difference between e-commerce and e-business, since the two terms are sometimes used interchangeably. “eCommerce” is a part of the phrase “e-business.”
It refers to online sales and purchases. E-business, on the other hand, includes all kinds of online business transactions, such as sales calls, buying materials, signing contracts, and so on.
E-commerce works in the same way that any other store does. Customers come to your online store, look at what you have, and then decide if they want to buy something or not.
The biggest difference is that they don’t need their own room and can do all of their shopping from the comfort of their own home. Also, your customers don’t just come from one area or region. This makes using the internet even better.
Before we talk about the different kinds of ecommerce, let’s talk about the three main things it does.
- Order accepted/Order received
The first step is to accept the order. A customer buys something from your e-commerce platform or online store. As soon as the order is made, you’ll know about it.
- Order taken care of
The order has to be processed. After the order is done, the payment is taken care of, and the sale is recorded, Payment gateways handle how money is sent and received.
- Order Shipped
When your item is ready, it will be sent to the location you choose within the number of days shown.
Different ways to do business in e-commerce
Without a doubt, eCommerce companies can run their businesses in many different ways. These ways of doing business are called “e-commerce business models.” The eCommerce sector is where most online B2C sellers work. There are, however, many other kinds of eCommerce websites. Six main types of e-commerce business models are used around the world.
- B2B (Business to Business)
When things are like this, e-Commerce businesses might be more likely to sell their goods or services to other businesses. Most of the time, the buyer resells to the end user, but sometimes the buyer is the end user.
People think that business-to-business (B2B) transactions have a long sales cycle and large order sizes, but there may be more repeat orders and orders with different values.
- B2C (Business to Consumer)
B2C businesses put the customer first. Since B2C is the most common business model, there are many ways to use it. When a consumer buys something from an online store, like clothes, home goods, fashion, or even entertainment, this is called a B2C transaction, which stands for “business to consumer.”
- C2C (Consumer to Consumer)
A consumer-to-consumer (C2C) business, which is sometimes called an online marketplace, connects people who want to buy and sell goods and services. It also does business by making transactions easier and letting people know about any possible fees.
- C2B (Consumer to Business)
People can sell goods or even services directly to businesses through these C2B sites. Under this eCommerce model, customers could post jobs they need done on a website and have different companies bid on them.
- B2A (Business to Public Administrations)
A business can easily use the internet to sell its products to government organisations or organisations that the government owns.
- C2A (Consumer to Public Administrations)
We’ve already said that it’s the same for both B2C and B2B sales. They can also make money by selling directly to organisations in the public sector or to people who work for the government. Even though the government doesn’t often pay locals for goods or services, it does so often in social security, education, tax preparation, and other areas.
Ecommerce is now the most important business on the internet. It is one of the most well-known online stores because it offers a wide range of services. Their online marketplaces are easier and more convenient to use because they work on mobile devices. Online merchants, whether they are small businesses or big corporations, may be able to make money and improve how they do business. You can hire an ecommerce development company to help you with all of your business’s ecommerce development needs.