B2B Ecommerce:
B2B connects the manufacturers, suppliers, buyers, sellers, traders, dealers, distributors, importers, exporters and other business people directly in a single line without intermediaries. B2B Ecommerce is the electronic mode of purchasing, buying, selling and exchanging of goods between the business users. It is a revenue generator.
There are different b2b ecommerce models. The scope of b2b relies on the existing customers approximately up to 70% where goods are purchased in bulk amount. Delivery of the product in b2b takes some time than B2C. In this medium, customer is more knowledgeable and has thorough understanding of the product.
B2B Ecommerce has existing business models and choice depends on the size and complexity of B2B Company. First, one to many model is applied for the private ecommerce business. They create their own business network with suppliers, distributors, retailers and shippers.
Other one is many to many model that deal with private company joining online marketplace. This platform paves the way for business to business transaction in a smooth manner.
B2C Ecommerce:
B2C connects the business and customer in a single line for satisfying their personal needs. Here consumers browse product on the desired website and pay for the goods at checkout by any mode of payment.
Customer has the right to choose the delivery option and place order. Owner of the ecommerce site needs to check and maintain the website regularly for gaining better customers.
Delivery is much accurate and customers can get their product at the specified time. B2C ecommerce sites involve price-based comparisons. The target customers are widespread in this B2C environment. Customers will have variety of choices and brands for purchasing.
There are enjoyable benefits in both b2b and b2c ecommerce. It is the responsibility of users to choose their own platform.
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