Due to the advancements in technology people are increasingly moving towards eCommerce. Ecommerce as you might know is the preferred way for people to trade goods and services online. One of the most important factors that have increased the demand for E-commerce is social media and the advancements in ecommerce app developments. However, today we are going to be discussing the Ecommerce applications as there are many people who really want to understand what it is.
What Are the Examples of E-Commerce Applications?
The reason why people aren’t sure of what this terminology means is because it isn’t clear. Ecommerce applications lead us to think of two ideas, which are eCommerce as a medium of marketing or a software application. Well, today we are going to dive right into these two ideas and the applications in order for you to understand this terminology more clearly.
Ecommerce Application Examples
Below we have mentioned a few of the ecommerce application examples for you. These applications relate to the first idea we mentioned earlier.
Retail and Wholesale
This basically refers to the transaction of goods and services through online shops from business to consumers.
Finance
This eCommerce application refers to banks and stock markets that provide electronic modes for consumers to make payments, transfer money, and trade online.
Manufacturing
Here, e-commerce plays as a medium for organizations in order for them to make electronic exchanges and information regarding inventory and market status.
Marketing
Many businesses have built stronger relationships with customers using this eCommerce application. Therefore, taking business promotion to a different level.
Online Shopping
Well, most of us are aware of this eCommerce application. It allows customers to buy what they want in a comfortable and convenient way.
Type of Ecommerce Applications
If you’ve recently deciding to start an eCommerce business, the chances of you falling into the types of applications we’ve mentioned are quite high. Each of these e-commerce applications has a fair share of benefits and challenges. Therefore, understanding them will help you determine which eCommerce model you want your business in.
B2C – Business to consumer
In this type of eCommerce application businesses sell the product or service directly (electronically) to the user. This means regardless of what the business is selling, whether it may be shoes, clothes, or other accessories, if it’s directly being sold to the end-user, it’s referred to as a B2C- Business to consumer e-commerce application. Examples of this type of e-commerce application include Amazon.
B2B – Business to business
In this eCommerce application, a business sells products or services to another business. Basically, the business is the end-user. However, the difference is that the business will most probably sell what they buy to the consumer.
C2B – Consumer to business
This eCommerce application gives the consumer an opportunity to sell goods or services to businesses. In this e-commerce model, there is generally a site where consumers will post the work they want to be completed and the companies on that site will bid to get the chance to work for the consumer. Examples of this application include affiliate marketing and Upwork.
C2C – Consumer to consumer.
In this model of eCommerce, consumers interact with consumers for the exchange of goods and services. Some consumers may make money from these exchanges by charging transaction or listing fees. Examples of this e-commerce application include eBay.
Why Should You Know Them?
Well, as we’ve mentioned the definitions of each type of ecommerce application, you can figure out which ecommerce model applies to your business. For instance, if your business sells products or services online, it will fall in the retail category. However, within this category comes two different models (B2C & B2B). Therefore, the nature of both models is different. The process of succeeding, surviving, and growing in both ecommerce models is quite different. Thus, by understanding which model your business falls in, you’ll understand the challenges and benefits of each ecommerce application clearly. This will ultimately help you in pushing your business to grow!
Final Thoughts
As you can see, we’ve mentioned all there is for you know regarding ecommerce applications. We’ve made sure to simplify each definition for your understanding. Now that you know what the types and examples of ecommerce application are, you can head into your ecommerce journey with confidence.
