With the number of unique business models, the eCommerce industry is considered as the most rapidly growing market around the world and Asian countries are leading the way ahead.
India and Philippines are the fastest growing eCommerce market according to sales by the year 2022.
The e-commerce industry is growing with a 50% growth rate and expected to cross $7.3 Trillion by the year 2025.
Yes, E-commerce has a lot of business models that can fit with any type of business scenario or condition of anyone who wants to operate their business online.
Letβs discuss the E-commerce business models that you can know and go for the one that suits your condition best.
1- Business to Business
Any sort of transactions of goods & services taken place from one company to the other.
Example: Alibaba
2- Business to Consumer
Transaction of goods & services between the company and consumer.
Example: Amazon
3- Consumer to Consumer
Any sort of transaction between two consumers/clients for goods and services.
Example: Olx
4- Consumer to Business
Goods and Services sold to a business by a consumer-like freelancer provide any type of service to a company.
Example: Freelancer / Upwork
Above are the 4 major types of E-commerce models that any person from freelancer to the CEO fall under, rest below are the addons models of E-commerce that a small percentage used to involved but would be profitable.
5- Government to Business
When a government hires a company for its work like hiring for a web design company or giving online tenders.
6- Business to Government
When a business or a company pays for taxes or any government fees online.
7- Consumer to Government
When a consumer pays for any sort of government fees online.
Now, after knowing the E-commerce business models, we hope you have got your favorite one that suits your situation best but before moving further first of all you need to know that what exactly you want to sell?
What do You Want to Sell?
- Tangible/Physical Products
- Non- Tangible/Digital Products
- Service products or SaaS(Software as a Service)
But before moving with any of the E-commerce business models, first of all, get to know the below-mentioned questions for sure.
1- About your customer interest?
2- Your potential & capabilities?
3- Which model suits your product best?
4- How do customers get to know the real value of your product?
5- Your budget?
So no more wait now and start your E-commerce journey with us.
Useful resources
Case study of successful E-commerce online stores
Want to Start your E-commerce journey?
Whomsoever wants to start their E-commerce journey β USA Business helps everyone whether you are an individual or a business toΒ set up an E-commerce online storeΒ along with Shipping | Warehouse | Inventory management | payment gateway and company incorporation + banking to run a successful E-commerce business.