What are the 5 Major Types of E-commerce Business Models

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WHAT ARE THE 5 MAJOR TYPES OF
E-COMMERCE BUSINESS MODELS?
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INTRODUCTION
The e-commerce industry is presently emerging as
the major source of global revenue. It is
estimated that by 2027, the e-commerce segment is
projected to reach a market value of 5.7
trillion (Source Statista). Such a projection
is tempting every organization to seek top-notch
e-commerce solutions with the aim to boost sales,
customer retention, profitability, etc. In this
post, we want to discuss
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WHAT ARE THE MOST COMMON TYPES OF E-COMMERCE
BUSINESS MODELS?
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B2B (BUSINESS-TO-BUSINESS)
In this model, a business establishment is
involved in providing customized solutions or
products to other commercial organizations based
on their specific requirements. According to the
report of Finances Online, global revenue
generation from this business segment is
projected to reach the mark of 20.9
trillion. If you want to make the best use of
this popular model then observing competitors and
the latest industry trends will be quite
effective.
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B2G (BUSINESS-TO-GOVERNMENT)
Under this model, an e-commerce firm is involved
in selling its products or services directly to a
government organization either in a state,
locality, or in the entire country. It will be
worth consulting a professional e-commerce
website development company. This will assist you
to utilize this business model properly.
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C2B (CONSUMER-TO-BUSINESS)
It allows you to make money by selling your
products or services either to various commercial
establishments or a single business
enterprise. What makes this model quite
profitable is the flexible work policies that let
service providers give their best. No matter what
organization you choose to serve, the work
quality has to be impressive by maintaining
consistency.
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C2C (CONSUMER-TO-CONSUMER)
The model involves a digital marketplace where
consumers have the scope to sell and buy products
or services with each other. As the e-commerce
site owner, you do have the option to earn by
claiming a transaction fee every time a
transaction happens on your platform. For
obtaining more earning guidance using this
commercial model, establishing contact with a
professional e-commerce website development
company will be quite fruitful.
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B2C (BUSINESS-TO-CONSUMER)
In this business model, organizations sell their
products or services directly to the end users.
When it comes to generating profits and
maximizing sales, the model serves quite
impressively. It is estimated that by 2026, the
global revenue generation from this kind of
e-commerce business segment is projected to reach
the mark of 838.4 billion (Source Global Data).
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FINAL THOUGHTS
The rise of the smartphone-savvy population, the
emergence of 5G connection, and other
technological advancements are rapidly
contributing to the growth of the e-commerce
industry. This is tempting every enterprising
individual to participate in this segment with
the aim to earn massive profits. But to stand out
in the competition, you have to choose the ideal
business model, observe competitors, choose the
ideal e-commerce website development solutions,
etc. to achieve a satisfactory outcome.
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