Ecommerce is the short form of Electronic commerce; it means doing trading in products or services using computer networks.E-commerce refers to the purchase and sale of goods or services via electronic channels, such as the Internet. Online trade is suitable due to its 24 hour availability, global reach and ease of customer service. Electronic commerce has expanded very fast over the past five years and is predicted to continue at this rate, or even more. The boundaries between “conventional” and eCommerce will become gradually blurred as more and more businesses move sections of their operations onto the Internet. Now it is very easy for consumers to shop around and right product, at right price. When you shop online you can compare the price of any product with different eCommerce websites quickly and easily. There are different types of eCommerce businesses such as:
- Business to Business (B2B)
- Business to Consumer (B2C)
- Consumer to Business (C2B)
- Consumer to Consumer (C2C)
B2B refers eCommerce between businesses rather than between a business and a consumer. One example is manufacturers selling to distributors and wholesalers selling to retailers. B2B businesses often deal with hundreds of businesses, either as customers or suppliers. Carrying out these transactions electronically provides vast competitive advantages over traditional methods. Ecommerce is often faster, cheaper and more suitable than the traditional methods of exchanging goods and services.
B2C or business to consumer is type of eCommerce which deals in selling product or services directly to consumer. Selling products to consumers electronically is also known as E-tailing. Almost any product can be e-tailed. The hard part for retailers and manufactures in a B2C online selling environment is to get consumer traffic to their website marketplace.
C2B is the most recent E-Commerce business model. In this model, individual customers offer to sell products and services to companies who are willing to purchase them. This business model is reverse to the business to consumer. C2B is a result of two major changes. Unlike traditional media, which are unidirectional, the Internet is bidirectional, making this type of relationship possible. In addition, the drop in the cost of technology means that consumers now have access to technologies such as powerful computer systems, audio and video capture systems and other digital technologies that were once the exclusive province of large companies.
C2C means consumers to consumers, this business model allow individuals to sell and purchase their goods. In eCommerce UAE we can find lot of examples for the C2C websites such as: Dubizzle and olx etc.