The e-commerce industry is considered as the most rapidly growing market around the world. It is growing with a 24% growth rate and expected to cross $27 Trillion by the last of 2020.
Yes, E-commerce has a lot of branches that fit with any type of business scenario or condition of anyone who wants to operate their business online.
Let’s discuss the types of E-commerce from business to the clients and many other models that you can know and go for the one that suits you 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 pay for any sort of government fees online.
After knowing the types of E-commerce, we hope you have got your favorite one that suits your situation best. So no more wait now and start your E-commerce journey with us.
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.