How to Choose the Right Type of e-Commerce for Your Business

07/06/2021 9:29 AM
e-Commerce has steadily taken over almost every business field in the last few years. A digital transformation is now no longer a luxury for businesses hoping to stay in the game, it is a necessity. Starting an e-commerce business is not as hard as you might think. It’s easy to find e-commerce business solutions providers like oOrjit, which is the best e-commerce platform in the industry. 

Now, the first thing you need to do before you ponder how to start an online store is come up with the type of e-commerce you need for your particular business. There are many types of e-commerce out there for a business owner to choose from. The type of solutions you will need for your e-commerce business as well as the type of website you will end up creating are all dependent on the type of e-commerce business you choose. Let’s take a look at some of the types of e-commerce out there and when you should adopt such models for your e-commerce business. 

Business-to-Business (B2B) e-commerce is one of the most common types of e-commerce. Here, business or transactions are conducted between two or more businesses. If you have the right middlemen and retailers to help you, then B2B e-commerce might just be right for you. It is important to note that most transactions in B2B e-commerce are bulk transactions. 

Business-to-Consumer (B2C) e-commerce is without doubt one of the fastest growing verticals of the e-commerce industry. In B2B e-commerce, businesses deal directly with their customers through online stores and other channels. 

A classic example of this would be business in the FMCG industry such as Fresh Del Monte. They display their fresh produce on a website that is easily accessible to end consumers and engage in door-to-door delivery for the purchases made by their consumers. You might want to consider a B2C type of e-commerce business if you wish to engage directly with your consumers and eliminate the need for middlemen. 

Consumer-to-Consumer e-commerce businesses involve direct online transactions between entities. An example of C2C e-commerce is EBay, where consumers list the products that they have for sale and other consumers respond to the ads posted. 

Yet another e-commerce model is the Consumer-to-business model. This type of e-commerce is the exact opposite of a B2C model. In this case, consumers get a chance to sell directly to big enterprises. The nature of services or products that consumers have may include skills such as designing and photography.

There are many more types of e-commerce that you will come across on a daily basis. Keep your business requirements in mind as well as your organization’s mission and vision for the future before you decide on the type of e-commerce you want to engage in.