E-commerce is a huge platform where the seller and purchaser do trading of goods and services online over the internet.E-commerce is mainly revolved around electronics. It deals with the sale of tangible and physical products online. The ecommerce solutions singapore provides the solutions to conduct a business electronically.
Types of e-commerce
The model of e-commerce describes the transactions that happen between the consumers and the businesses. The four main types of e-commerce are:
- Business to Consumer: When a business is involved in selling goods and services to the person. For example, an individual purchases a bag, shoes from an online company.
- Business to Business:When a business sells its services to the other business. For example, A business involved in selling a chip or software to another business.
- Consumer to Consumer:When a consumer sells the goods and services to another consumer. For example, a person sells his old personal thing on any selling site and that’s purchased by another person.
- Consumer to Business: When the goods belong to the consumer and they sells it to the business. For example, a person providing their license to the organization for some work.
The ecommerce solutions singapore provide different solutions to the trading parties to deal with each other. The four types of e-commerce models define their work. E-commerce trading is available 24/7. The consumers are the more benefited person from the e-commerce business as they will have a wide variety of choices while choosing a product online. Online products also provide some discounts.