E-commerce (electronic commerce) is the buying and selling of goods and services over the internet.
Main Types of E-commerce
- B2C (Business-to-Consumer): A business sells items directly to a normal shopper (for example, buying clothes from
- B2B (Business-to-Business): One business sells products or parts to another company (like a wholesaler selling bulk goods to a retail store).
- C2C (Consumer-to-Consumer): Regular people sell used or handmade items to each other through online marketplaces.
- C2B (Consumer-to-Business): An individual sells their own service or product to a company (such as a social media influencer promoting a brand).
Key Benefits
- 24/7 Availability: Online stores never close, letting people shop at any time of day or night.
- Global Reach: Sellers can reach buyers across the entire world instead of just their local neighborhood.