Business to Consumer:
In a Business to Consumer e-commerce platform, companies sell their goods and services online to consumers who are the end users of the products or services. This type of e-commerce requires a website that will act like an online store or a platform where the two parties can interact effectively. For instance, a customer can visit an online store like Amazon or Konga, see a product that fulfills his or her demand and place an electronic order for it online. When the customer is through with browsing the e-commerce website, He/ She click checkout and complete the transaction by providing payment information. For the shipping, is either the customer take’s care of the shipping or the business company. Sometimes a third party company like DHL is used for the shipping. Payment is usually made through credit cards, debit cards or paypal. It is best to define a niche area before starting this type of e-commerce business.
Business to Business:
Business to Business or B2B refers to electronic commerce between a business company and another business company rather than between a business and a consumer. B2B businesses often deal with hundreds or even thousands of other businesses, either as customers or suppliers. Carrying out these transactions electronically provides vast competitive advantages over traditional methods. When implemented properly, this type of e-commerce is often faster, cheaper and more convenient than the traditional methods of bartering goods and services. Financial transactions in this platform are mainly through Electronic Data Interchange or EDI. In a Business-to-Business E-commerce environment, companies sell their online goods to other companies without being engaged in sales to consumers. Example of Business to business e-commerce platform is Sales force.
Consumer to Business
In a Consumer to Business E-commerce platform, consumers usually post their products or services online on which companies can post their bids. A consumer reviews the bids and selects the company that meets the price expectations and the terms and condition. Example of this type of e-commerce is the blogging site. For instance, a popular blogger like Linderikeji can decide to sell an advert space from her website to telecommunication companies in Nigeria. The highest bidder takes the advert space.
Consumer to Consumer
This is the most popular type of e-commerce. It mostly involves the use of a classified website. The website navigation is arranged in different categories. The primary aim of the website is to link the buyer and the seller together. The seller will post a deal in classified website like HITHOOD and the customer in form of buyer will contact and discuss with the seller through email or telephone. Fund and business transaction method is based on the agreement between the seller and the buyer. The most popular and the pioneer website for this type of e-commerce is the craiglist. Others are eBay and OLX.