Ecommerce websites are all over the internet. It helps both businesses and consumers in their daily online transactions. In order to be good at the game, it’s important to know your options and the different types of Ecommerce websites that are available to you.
There is a long history of e-commerce that is slowly proving to be very beneficial and successful for us today. Websites help in making sure that they will continue to be successful in the future.
What is an Ecommerce Website?
Ecommerce websites allow businesses and customers to purchase goods and services online. Traditionally, e-commerce was done via email or phone calls, but with recent technological advancements, these websites can handle the full transaction process online.
There are numerous e-commerce websites available online. While there are no clear divisions for any of these websites, they can be classified into four types based on their functions. Read below to know about the different types of e-commerce with examples.
E-Commerce in the Philippines
Due to the growth of online shopping and banking, internet payments in the Philippines are on the rise. To reduce the burden of cash handling, sellers are switching to online purchasing methods. On the other hand, security worries arise over platforms and the culture of a cash-based society hinders its efficiency.
Globe Telecom and Philippine Long Distance Telephone data show that the Philippines has 163.7 million cellphone users. Most Filipinos have internet connectivity through their cell phones, which is affordable and dependable. Many businesses in the Philippines and throughout the world are marketing their products through mobile platforms, allowing direct access to consumers online. In Asean, the Philippines seems to be the market with the fastest-growing app usage.
Online platforms, and social media in particular, have had a significant impact on the rise of digital marketing. A recent projection shows that about 70 million Filipinos are online users, and the numbers are only increasing. As new marketing tactics were developed, traditional marketing companies evolved to accommodate them. In order to reach more potential customers, businesses are still moving to digital marketing and this is now a developing trend.
The average Filipino consumer spends a significant portion of their income during the spring, fall, winter, and Christmas shopping seasons. Workers earn income incentives during the months of December and January. During this time, businesses provide price breaks and other offers. It is as if there’s a manifesto for online shopping like e-commerce pdf.
The Filipino population has a huge presence on social media. The Philippine social media sector is estimated to have a user base of 76 million this year. A total of 75 million of these individuals use Facebook, while 12 million utilize Twitter and millions are on LinkedIn. Users of social media globally spend the greatest amount of time on the Philippines’ mobile devices and computers, at 4 hours and 5.2 hours, respectively.
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4 Common Types of E-commerce Businesses
The 4 common types of Ecommerce websites are categorized based on their functionality and how they affect the operations and needs of a business person. Like the go-ecommerce campaign in Malaysia, the Philippines also has Shopinas where everyone is encouraged to start their online business career.
E-commerce today refers to the purchasing of items and/or services using the internet, which is something most people associate with it. It is also possible to be more explicit by indicating what e-commerce classification the exchange is a part of. There are many kinds of e-commerce examples. Each one represents a particular purchasing dynamic.
B2B or Business-to-Business
Electronic transactions between two businesses constitute B2B e-commerce. E-commerce of this kind often establishes the connection between the manufacturers of a product and the wholesalers who sell the goods to customers. In some cases, wholesalers are able to keep ahead of their competitors.
Every industry has B2B enterprises, including manufacturing and retail. Business is carried out in every sector, and there are many B2B suppliers and advice organizations working in each one. All B2C companies need specific products, services, and professional advice, therefore creating B2B traffic for each and every one of them.
B2C or Business-to-Consumer
B2C had traditionally referred to shopping centers, grocers, diners, and similar places where goods and services were exchanged. Today, the concept is broadened to include all about what is e-commerce stores.
B2C e-commerce is the most popular kind of electronic commerce and focuses on business-to-consumer interactions. Because they can browse, read reviews, and locate various things than they would normally find in a retail store, a lot of consumers like this online shopping channel. Furthermore, this sector of e-commerce helps companies build closer relationships with their customers.
C2B or Consumer-to-Business
Whenever a client buys their offerings accessible for purchase by businesses, this is referred to as C2B e-commerce. It isn’t the most conventional kind of e-commerce. Graphic designers who customize company logos or photographers who take photographs for use on e-commerce websites are two examples of this type of work.
A food manufacturer may, for instance, request a cheesemonger to provide a new device in a dish. A business may give a blogger a cut of their profits if the blogger includes their product in a recipe post.
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C2C or Consumer-to-Consumer
E-commerce system at this level refers to any digital transactions that occur between two or more consumers. In most cases, these transactions are facilitated via digital platforms like Gcash, but they are also frequently done through the time spent on social media systems just like Facebook marketplace and internet sites Shopee.
Lazada, Alibaba, and the online versions of physical businesses such as SM Megamall and Robinsons are C2C company examples. C2C, or “consumer-to-consumer,” describes an emerging business model that changes the consumer retail experience. An automated process is being used to help the buying and selling of consumers to occur, and the mediator takes a percentage.
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