E-commerce business model in 2023 (full details, full method)

The earlier method of business is no longer in trend, now is the era of e-commerce and now everyone has started doing their shopping online through the internet. Now whether it is a small item or a big item, we shop online to buy all these things. At present, there are many such e-commerce business sites that make our every purchase easy in minutes. The best thing about e-commerce is that you can sit and shop anywhere through the internet and the product is delivered to the address given by you this is the USP of the biggest e-commerce business.

E-commerce business i.e. electronic commerce is such a modern medium of business at the present time, which simultaneously gives a platform to many people to sell their products and also connects with many such customers to buy the product. Easily buy the goods being sold by. But all this is possible only if you have a good understanding of the e-commerce business model. Friends, in today's article, Novel Web Solution is going to provide you with all the important information related to the e-commerce business model. So let's get started.

What is e-commerce-

Before knowing about the e-commerce business model, it is very important for us to know what this e-commerce is after all. In today's time, we do not need to go to the shop to buy goods. We can order any item sitting at home from Amazon, Flipkart and Meesho. In today's time, everything is just a phone click away. Have you ever wondered how all this has become possible? All this has become possible because of e-commerce. E-commerce can be said here in simple language that when we buy or sell goods online through the internet then it is called E-commerce.

Suppose A wants to buy a T-shirt, he goes to a shopping site online on his phone and searches for T-shirts there. He likes a T-shirt. He orders that t-shirt. Delivery boy A comes to his house to deliver his order. In this way A bought the T-shirt sitting at home.

All this became possible because of e-commerce. Friends, Amazon and Flipkart etc. are all e-commerce websites. E-commerce has completely changed the way of traditional business. Payment in e-commerce is done through both online and offline methods. It depends on you through which mode you want to make the payment. In today's time, many shops are present on e-commerce platforms.

What is e-commerce business model?

In view of the increasing trend of e-commerce, the curiosity of people has increased towards it. Today many people are starting their business on e-commerce platform. Apart from this, many people whose business used to operate offline till now, are also taking it online. In today's busy life, people have very little free time. They have to do a lot of work in that little free time.

In such a situation, due to e-commerce, there has been some relief in the lives of the people. Now they do not need to go to the shop to buy goods. They can buy goods for themselves through e-commerce while doing their other work. Apart from this, e-commerce also provides many facilities to the shopkeepers. Many such businesses which used to run through wholesale selling are also now able to interact directly with their customers. All this has become possible only because of e-commerce. In such a situation, it will be very interesting to know what is e-commerce business model, how it works, we will get information about all these things below.

If we talk about some major e-commerce business models, then b2b, b2c etc. are some of the major e-commerce business models. The entire business of e-commerce rests on these models. Shopkeepers choose the business model of their choice according to their convenience and then run their business on the same business model. Let us know about some major business models -

What are the types of e-commerce business models? ,

Friends, we just told you above what is called the e-commerce business model. Now we will talk about how many types of e-commerce business models are there. We will discuss these types. To understand e-commerce well, it is very important to understand its business models. If you do not get a piece of good knowledge about its different models, then you will not be able to choose the right business model for yourself. Let's know about the e-commerce

Business model -

• BUSINESS TO THE BUSINESS
• BUSINESS-TO-CONSUMER
• CONSUMER-TO-CONSUMER
• CONSUMER-TO-BUSINESS
• GOVERNMENT-TO-BUSINESS
• BUSINESS-TO-GOVERNMENT
• CONSUMER-TO-GOVERNMENT

1 - Business to Business Model -

Friends, the first type of e-commerce is - Business to Business model. In this model, you sell to another business instead of selling goods directly to the customer. It can be understood in this way that suppose A has a business in which he manufactures bicycle parts. There is another person B, who is in the business of manufacturing cycles. B buys cycle parts from A as per his requirement. It is important to mention here that B purchases all these goods from A through an online e-commerce platform. Wherein A sells this item to B's business through online e-commerce platform.

Thus this business model happened - business to business model. In the business-to-business model, the end customer is not a specific individual but another business. In this model the goods are also supplied to the wholesalers. This business model is very broad.

2 - Business to consumer model -

This business model is very popular in today's time. In this the business sells its product directly to the consumer. There is no role of wholesalers, middlemen etc. in between. This model is related to retail. This model can be understood with an example as follows.

Suppose you place an order for a pair of spectacles by visiting Lenskart's website. These glasses are delivered to your home. Your ordered spectacles by visiting the Lenskart website comes under the Business to Consumer model. That is, we can say that here the transaction takes place directly between the business and the consumer, there is no role of anyone else in between.

3 - Consumer to Consumer Model -

In today's time, there are many such e-commerce websites where you can send your old goods or any new goods directly to the growing customer. In this model 1 gram can send and buy goods to the customer. In today's time, there are many such apps and websites through which this work has become very easy. All of you must have heard the name of OLX. Olex is an e commerce platform. Here people sell both new and old goods. Any person who wants to save any new or old item, lists his item on the website.

After that the person who wants to buy the goods can contact the seller and buy the goods at a reasonable price. Suppose you want to sell your old phone, then you can send it through wallet, for this you have to register by visiting onyx, after that you have to put half photo of your phone there and write description, after that you post this. Those who want to take your phone, I can message you there, so friends, the model in bald claws, so commerce is a well-known and good model.

4 - Consumer to Business Model -

Friends, you must be thinking that what is consumer to business model? Consumer to business model refers to when a consumer sells his services or goods directly to the business. So it comes under Function and Type Consumer to Business Model. This business model includes services of photographers, writers, singers, etc. You must have heard that an author is paid royalty on the sale of a book written by him. Royalty is a fixed amount paid to the author for each copy of his book sold. It comes under the consumer to business model.

5 - Government to Business Model -

Business to Government Model- Business to Government model can be understood in such a way that suppose the government needs some machines for a health center, then it contacts the business establishment that manufactures the machine to buy the machine. Buying machines from business establishments comes under the Government to Business model. Thus it can be said that when the government purchases essential services or goods from a business establishment, that business comes under the government model.

6 - Consumer to Government Model -

Consumer to Government model is a very good model of e-commerce in today's time. As you know internet has made life easier for people. This ease can be seen in this model. Earlier people had to visit government offices for government work. They had to visit government offices to get any certificates etc., but now the government is making government schemes and services available online. With the help of this, people can take advantage of government schemes etc. through their phones sitting at home. This service comes under the Consumer to Government model.

Benefits of E-Commerce Business Model -

In today's era, e-commerce has expanded a lot, nowadays everyone has a phone. Internet penetration in every nook and corner of the country has brought e-commerce to every household. In today's time, many people like to do online shopping. E-commerce business is beneficial for both the shopkeeper and the consumer. Following are the advantages of e-commerce business model. ,

1. 24×7 facility -

The biggest advantage of e-commerce is that you can buy and sell goods anytime. If we talk about shops, then there is a fixed time for opening and closing of shops. You'll be able to buy goo after the shop closes.

2. Relief from congestion-

Crowds are often encountered while getting goods at shops. It becomes difficult to enter shops especially during festivals. In such a situation, the e-commerce platform also relieves you from the crowd, in this both the consumer and the shopkeeper do not have to face the crowd. The customer can comfortably choose the clothes and buy them. Whatever order comes to the shopkeeper, he packs those orders and sends them to the customer.

3. Easy and Comfortable -

Friends, when we go to a shop to buy goods, the shopkeeper has to show the goods to the customer. In such a situation, many times it happens that the shopkeeper gets upset while showing the goods. The shopkeeper does not face this problem on the e-commerce platform. The customer automatically likes the goods and orders them. In such a situation, it remains easy and comfortable for both.

4. Home Delivery -

The biggest feature of e-commerce is that the customer gets the goods sitting at home. Order whatever you want and get it at your doorstep. This business is increasing day by day. In today's time, we get all the things like food, grocery, clothes etc. sitting at home on one click.

5. Unlimited -

One advantage of opening a store on e-commerce is that you are not restricted to any particular region. Your goods can reach people from every corner of the country. You can also supply your goods abroad. Suppose a shop is opened in Patna. That shop has a store on the e-commerce platform. A person who lives in Kerala. Order goods online from this shop. Sitting at home, he gets the goods ordered in Kerala. In such a situation, e-commerce helps you connect with your customers.

6. Reaching Everyone

 Everyone has access to the e-commerce platform. Whether one lives in a village or a city or a metro city, one can order goods online. In today's time, the people of the village also like to do online shopping. Apart from saving time, it is also very comprehensive.

7.- Advantages of cell too -

From time to time, e-commerce platforms run sales that you come to know about. This information is given through many advertisements. You can buy goods at a reduced price at the time of sale. While not everyone is getting the information about the sale at the shops. Various types of offers are also given in online shopping, in such a situation, online shopping is very beneficial for both the customer and the shopkeeper. Due to the sale, the shopkeeper gets more and more customers and also the stock which becomes old gets sold quickly.

8 - Reasonable price -

If you like an item while shopping, then you can also check that item by visiting another website and comparing the prices of both. You can buy the item at whatever price you find reasonable. On the other hand, when you go to the shop and buy goods, then you have fewer options because if you have less time, then you will not be able to know about the price of the goods by going to more shops. On an e-commerce website you get to know everything in just one click.

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